Crypto Collective

#113 - Tired of High Tax Bills? Bitcoin Could Be the Answer! πŸ’Έ β‚Ώ


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In this episode of Crypto Collective, host Matthew Fraser welcomes Simon Ho, the SMSF Head at Coinstash, to discuss the intricacies of self-managed super funds (SMSFs) and their role in cryptocurrency investment.


Simon shares insights on the challenges of finding knowledgeable financial advisors in the crypto space and the importance of understanding the legal and tax implications of incorporating crypto into an SMSF. The conversation also touches on the pressing topic of unrealized capital gains tax, making this episode a must-listen for anyone looking to navigate the evolving landscape of crypto investments and retirement savings.


Disclaimer:

This video is for general information and educational purposes only. It is not financial, legal or tax advice. Neither Matthew, Simon nor Coinstash holds an AFSL, and none of them is providing financial product advice. Simon is sharing personal views only and is not recommending or endorsing any financial products or strategies. Nothing in this video considers your personal circumstances. Always seek advice from a licensed professional before making financial decisions, especially regarding SMSFs or crypto.


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Timestamps:

00:00:00 - Introduction

00:00:33 - Host Introduction and Guest Welcome

00:01:46 - Benefit of professional advice on SMSFs

00:02:26 - Cryptocurrency Exposure in SMSFs

00:03:13 - Long-term Investment Strategy with Bitcoin in SMSFs

00:04:15 - Volatility and Long-term Holding in SMSFs

00:05:15 - Trading Bitcoin within SMSFs

00:06:21 - Risks of Trading and Long-term Holding Benefits

00:07:18 - Bitcoin Exposure in Superannuation

00:08:07 - Combining Industry Super Funds and SMSFs

00:09:35 - Typical Journey to Bitcoin Investment in SMSFs

00:10:58 - Financial Pressures and Superannuation as a Capital Source

00:11:44 - Importance of Insurance in SMSFs

00:12:47 - Professional Advice and Administration in SMSFs

00:13:41 - Challenges with Financial Advisors and Accountants

00:14:57 - Education and Self-learning in Cryptocurrency Investment

00:16:03 - Personal Journey and Distrust in Financial System

00:18:22 - Financial Advisor Limitations and Self-education

...more
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Crypto CollectiveBy Matthew Fraser