Hosted by Victor Schramm CFS®, AIF® & Pablo K. Lasha, CHSA®
Today's Podcast: Cryptocurrency
Cryptocurrency interest from the investing public goes hot and cold like no other asset we’re aware of- we won’t hear a mention of them for months or a year, and then a flurry of interest floods in all at once. We’ve been hearing a lot about cryptocurrencies from clients lately and decided to have a conversation about them on the podcast.
We usually put this in the disclaimer box below, but we’ll highlight it here as well: cryptocurrencies are not actual investments in our view. We see them as akin to collectibles for the most part. Don’t make major allocations to them in general. Do a lot of research. Be intensely skeptical!
And as an addendum, because we do briefly mention taxes in the podcast, a) we’re not tax people and nothing we say here is actual tax advice. We’ll be the first to tell you, please talk to an accountant if you’re getting in to make money off of exotic assets like crypto! and b) here’s the IRS’s guidance on cryptocurrency page that is highly recommended if this is an area of interest to you.
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About Chaim Investment Advisors:
Chaim Investment Advisors is a Registered Investment Advisor firm in Portland, Oregon. It’s lead by Investment Advisor Victor Schramm, CFS®, AIF®. Pablo K. Lasha is an Investment Advisor Representative of the firm.
Disclaimer:
This information is solely the opinions of Victor Schramm, CFS®, AIF® & Pablo K. Lasha. This is not a solicitation to buy or sell any public or private Security. Cryptocurrency trading and/or investing is a complex area of investing that requires extremely heightened levels of due diligence. We do not recommend trying to time markets with cryptocurrencies or other investments. Nothing in this podcast or article is a timing tool for buying cryptocurrencies or other collectibles or currencies.
Disclosure:
“Chaim” Victor Schramm does have a position in various cryptocurrencies. Named in this episode, he has a position in Ethereum and “0x” aka ZeroX, as well as unnamed cryptocurrencies not mentioned in the episode. He has owned in the past and is likely to own again positions in Litecoin, Bitcoin, and Zerocash (aka Zcash), as well as other unnamed cryptocurrencies; investors should presume he is likely to have a position in these at some point.