This month I bought some crypto-stocks for my RRSP (Registered Retirement Savings Plan, or the Canadian version of an IRA).
Now the question you should ask is this: Why I am buying crypto-stocks when I am already up to my eyeballs in bitcoin and Ethereum, and have been for years?
And the answer is you can’t buy bitcoin or Ethereum directly with RRSP funds.
Therefore, I have to buy companies with exposure to crypto.
Now, I used to buy SAFE, TRADITIONAL companies for my RRSP.
But my return on investment for the last-half decade was miserable.
And the COVID swoon in March of this year was the last straw.
If you are going to die on a hill, at least die on a hill you believe in.
The motto for my retirement investing in 2020 has been “buy flaky, buy risky.” It’s working so far.
For now, I leave value investing to Warren Buffett, he is much better at it then I ever was.
Editor’s Note: I am obviously long in all the stocks mentioned here. Nothing what I write should be construed as investment advice