Re: Remember "Bit-Slice" Chips ?

On Mon, 23 Dec 2024, rbowman wrote:

On Mon, 23 Dec 2024 12:28:21 +0100, D wrote:
>

I am fairly young, so I always wonder at what point it is time to take
my stuff and move it into bonds. On the other hand... I also thought
that since I do not have children, perhaps I should move the assets into
a non-profit for some kind of good libertarian purpose. Well, probably
at least 10-20 years before any of those loose thoughts might become
reality.

>
I read an article this morning about Bitcoin EFTs that went right over my
head. It reminded me of the brilliant scheme of buying derivatives based
on insurance payouts for tranches of mortgages likely to default.
>
I'll stay far away, thank you.

Wise words! Apart from tax evasion and getting around currency restrictions, I won't touch bitcoin with a 100 ft pole! In fact, not even for tax evasion, my lawyer, my accountant and my own reading of the tax laws are enough for me to save quite a bit. I have no need to push it to any extremes. I've managed to lower my tax with about 70% or so, and am resting at a comfortable 9%-15% depending on the fiscal year. I feel that pushing further would just increase the risk, but not give me enough gains to offset the risk.