PPRuNe Forums

Go Back   PPRuNe Forums > PPRuNe Worldwide > Fragrant Harbour
Forgotten your Username/Password?

Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.


Closed Thread
 
Thread Tools
Old 12th Dec 2013, 00:29   #1 (permalink)
 
Join Date: Mar 2008
Location: London
Posts: 97
FIDELITY BITCOIN FUND

Here is an article showing how Fidelity is now allowing a Bitcoin fund in US IRA (prov fund) accounts. Will we have that option? (copied from Zerohedge.com)

Fidelity Now Allowing Bitcoins In IRAs


Submitted by Tyler Durden on 12/11/2013 19:01 -0500



We are sure this will all end well... but as Marketwatch reports, Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by putting the virtual currency in self-directed IRAs.

Via Marketwatch,


If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA,” said Barry Silbert, chief executive of SecondMarket, in an interview.

...

MarketWatch previously reported that SecondMarket had teamed up with self-directed IRA providers PENSCO, Entrust and Equity Institutional to allow investors to save for retirement with bitcoin.

Fidelity is the largest and most well-known company that SecondMarket has teamed up with for this, Silbert said, adding that he hopes to add a few more providers soon.
How long until other larger pension funds demand access (via mandate changes) to the cryto-currency? This evening's comments from CALSTRS CIO:
Implies he needs to be "saving" to fund his liabilities in more than simple old stocks...
Is Bitcoin the great white hope for the nation's under-funded pension schemes?
Trafalgar is offline  
Old 12th Dec 2013, 00:53   #2 (permalink)
 
Join Date: May 2002
Location: up here, everyone looks like ants!
Posts: 795
Bitcoin will crash and burn, GUARANTEED. As a long term "investment" fugettaboutit.
Cpt. Underpants is offline  
Old 12th Dec 2013, 01:28   #3 (permalink)
 
Join Date: Jul 2013
Location: California
Posts: 37
Not sure I would put money in anything that loses 50% in 3 days.

Bitcoin Charts / Charts
IBMJunkman is offline  
Closed Thread
 
 
 


Thread Tools


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT. The time now is 11:18.


vBulletin® v3.8.7, Copyright ©2000-2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
© 1996-2012 The Professional Pilots Rumour Network