Part of investing in the IQD includes buying and perhaps selling it. A couple of ideas to keep in mind are:
1. The IQD is an exotic currency and NOT available at your local bank for purchase or exchanging at the moment. Don't bother with looking there for now.
2. The IQD is the currency being used in Iraq. It's so low in value that counterfeiting it isn't a real threat. Don't worry about it.
3. The only difference between "UNcirculated" and "circulated" is the state of the note itself. The value is the same. Purchasing circulated IQD can provide you the same value at a reduced purchase price. Don't discount this option as you are looking to enhance your IQD investment.
4. Selling your IQD before the RV for whatever reason life throws at you can be challenging. Selling it to a dealer is easy and secure, but the exchange rate will be much lower than what you purchased it for. You may consider selling your IQD privately to other associated IQD investors you know, or using a source like EBAY or Craigslist and selling it for a similar price as the dealers.
5. REMEMBER, your ROTH must OWN the IQD. Therefore it has to be purchased by the ROTH account which will need to be done through a licensed IQD dealer. Private sales from the open market or your own family will not be acceptable.
6. FINALLY, storage of your IQD in a vaulting service, whether in a ROTH or for your private stash, should be strongly considered. The insured, secured storage, along with insured transportation to an exchanging location on your behalf could be well worth the small amount of a fee for the service.
Here is a list of IQD dealers. These are not the ONLY options, but they are the most prevalent on the internet. If you are purchasing IQD for yourself you can send them the funds and receive the IQD directly back to you. If your ROTH is being populated with IQD, the funds must be sent to your selected custodial service FIRST, then the IQD sent to your selected vaulting service provider.
What Is Cryptocurrency in Simple Words?
Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual "tokens."
How Do You Get Cryptocurrency?
Any investor can purchase cryptocurrency through crypto exchanges like Coinbase, Cash app, and more.
What Is the Point of Cryptocurrency?
Cryptocurrency Many experts see blockchain technology as having serious potential for uses like online voting and crowdfunding, and major financial institutions such as JPMorgan Chase (JPM) see the potential to lower transaction costs by streamlining payment processing.
How Does Cryptocurrency Make Money?
Cryptocurrencies allow for secure payments online which are denominated in terms of virtual "tokens," which are represented by ledger entries internal to the system. Investors can make money with cryptocurrency by mining Bitcoin, or simply selling their Bitcoin at a profit.
What Are the Most Popular Cryptocurrencies?
Bitcoin is by far the most popular cryptocurrency, followed by other cryptocurrencies such as Etherum, Litecoin, and Cardano.
There are tax strategies to REDUCE, DEFER, and even ELIMINATE taxes on your cryptocurrency gains. These options will need to be put in place PRIOR to the gains to ensure the best tax applications.
REMEMBER, YOUR ROTH CAN OWN CRYPTOCURRENCIES. Using a ROTH allows for TAX-FREE gains on your investment results. The ROTH must be established and your allowable contribution caps must be considered.
Gifting Assignments can reduce your estate taxes in case of an unexpected hyper gain and are very easy to do. The assignments need to be created BEFORE any hyper gains happen.
Lastly, a Charitable Remainder UniTrust is a great way to avoid massive taxes while meeting:
This link goes to an outside website dedicated to teaching more about cryptocurrencies and how to get started.
All information and discussions presented are for educational purposes only, are general in nature, and are not intended as investment, legal or tax advice. Each person’s personal and financial situation is unique and different, and the information provided may not apply to or work effectively for you. By signing up for, and attending or participating in any presentations, you agree that Bob Adams, David Steffensen, Tony Elder, personally, and MaxPlans for Life, Inc., and all affiliate companies, representatives, associates, or employees (“Information Providers”) are hereby held harmless from all liability and loss associated with the information and discussion provided, and as to any action or strategy you may choose to implement with regard to the same. In all events, we encourage you to consult with qualified and independent legal, tax and investment advisors of your choosing as to any idea, strategy, or concept presented herein.
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