 Digital asset news the top stories and crypto currency and digital assets and break up down to bite-sized pieces today a lot of stuff to go over So let's jump right in so first up coin market caps earn platform Offers a hundred and sixty thousand dollars in band to answer crypto quizzes So this is right online with coin bases earn so I cannot wait to check this out and get some free money Also Trump's proposed capital gains tax cut could boost crypto profits But there are a lot of caveats and pitfalls and we're gonna go over all of them I don't know about you, but taxes scare me to death So I'm gonna tell you what I'm doing to avoid or minimize a ton of taxes before gonna that let's take a look at the market So this is actually my second video of the day It is August 14th It is almost 6 p.m. Texas time and I'm doing this because I have my grandson's birthday tomorrow and I can guarantee I will not be doing another video tomorrow So let's see what's going on tonight. So Bitcoin is almost at 118, which is pretty fantastic 24 hours 0.3 percent. I will take it Ethereum. I think it's gonna hit 450 This is just a gut feeling no TA nothing else. So we'll see if I'm right XRP 30 cents watch out. Just kidding. It is up pre percent. So hey good for XRP. That is still tether though Chain link still down a little bit, but might actually hit that $17 Bitcoin cash Sure Cardano down a little bit Bitcoin SV whatever and nothing really has really changed too much Tron though, I gotta tip my hat if you have held Tron for this long. I used to own Tron Congratulations because you know it just took up beating for the longest time still in the top 20 and and up 12% today So fantastic good for you. All right, let's just break into the articles So first up this looks pretty cool coin market caps earned platform offers a lot of money in Band to answer a crypto quiz if you're not familiar with band band is another oracle just like chain link It has a lower market cap and it has less circulating supply and it looks promising But I don't know how far it is but look anything that I can get for free. Hey, why not? I'll do it. So if you just go over to coin market cap, which I got to tell you I haven't really a big fan of I use coin get go all the time and the reason I use that Is because coin market cap has it was actually bought out by Binance There's a lot of different sometimes funny things going on with it I mean, that's just the things that I have heard and read I don't know for sure, but just to keep it even Steven. I just use coin get go But whatever, but hey, if you're gonna give me $10 in band. Hey, I'm gonna take it. So how does this work? Well, let's figure it out. So you're gonna go to coin market cap Clicks here says start earning sure and if you're not aware coin base has the exact same thing when you where you can earn crypto And you can earn up to like a hundred and sixty bucks or something like that. Now, it's all different. Hey, look, they got a new one They got kyber up. I haven't done that one yet. I might have to do that and So Binance is right on its heels, which is pretty interesting I shouldn't say Binance, excuse me coin market cap is right on its heels and it's interesting because coin base just dropped out of the Congressional group lobbying group where they were a part of that and Binance us came in and they're like nope and they just withdrew so Little maybe a little bad blood, but that's the cheese man. What are you gonna do? So coin market cap? Learn crypto earn crypto. I like that. Let's get started and goes here earn band. What else they got nothing right now But I guarantee it coin base is doing something. So is coin market cap slash Binance. So click on earn band we're gonna get started and It's just oh my god It's the same thing as a coin base. I didn't even try to they didn't even try to hide it that they're gonna Do something different. So you just watch the video and then it'll give you some some free bands So I will do that later. I'm not gonna do it right now Joe's just so you know coin market cap sign up get some free band. That's it next story So Trump's proposed capital gains tax cut could boost crypto profits, and I gotta tell you this goes pretty deep It's gonna get into the capital gains tax, but also it's gonna get into potential taxing of Staking which I think is going to be a horrendous situation And I've actually called in some experts on this one because I needed the best information I could get so let's let's jump in in a news conference in the White House earlier this week Trump said that his administration was very seriously considering a capital gains tax cut He says we're looking at also considering a capital gains tax cut, which could create a lot more jobs So two things first of all, I don't see how you can keep cutting taxes and print money like it's going out of style I just don't know how those two things work and of course sure great jobs I guess if we can have you know small businesses actually open up and not close down, but that's just what I see second of all You understand this is an election year. We're like three months away in the United States of choosing a our president So you better believe The incumbent is going to pull out all the stops So that's why those stimulus checks he tried to pass and as an executive order And that's why he's also giving more tax cuts because everybody likes free right or reduced So we'll see if that actually goes through but there's a lot of pitfalls The long-term capital gains rate if you don't know is 20% and that's primarily governed by Congress So here's the thing if he has to go through Congress to get that done the Congress is controlled by the Democrats if you're out of the United States, it's just we have two-party system Republicans and Democrats and Donald Trump is a Republican so good luck getting that through Congress But here's the current state of us crypto tax and again, I I'm not a very political person It's just I cover these stories because it's gonna pay dividends for us later on as far as cryptocurrency asset holders But the problem here is taxes crypto taxes because the IRS is just getting their feet wet and they're trying to figure it all out But taxation in the US is a minefield if you had to pay taxes, you know Americans are required to report gains and losses on each cryptocurrency transaction or When they earn cryptocurrency via staking whether or not they have made a profit and I read this I'm like I don't think that's true So I mean two questions. Well first was like why do we have to report this stuff? I don't understand Especially like staking so I actually reached out Sheehan Chandrasekara and I and he is a he is a CPA He is a cryptocurrency specific one head of tech strategy at coin tracker and also works as a writer for Forbes crypto and I've asked him questions in the past very, you know, open guys available very nice So I just said hey Sheehan I'm doing a segment on Trump and there's this thing that I don't understand where I were the article states Americans are required to report gains and losses on each cryptocurrency transaction or When they own crypto via staking whether or not they have made a profit and I asked him is that really correct? And he says he goes the staking part is open to interpretation. I spoke about this on coin desk a couple of weeks ago These adventure capitalists have heavily invested in staking. They are trying to make staking taxable only When they sell the tokens because right now it's when you earn it, which would be a huge problem I mean just enormous So he directed me to this article that he had co-wrote co-authored and I read the whole thing It gets to this is where it gets the meat and potatoes He says the IRS has yet to say how or when staking rewards should be taxed Technically speaking staking income is similar to rental income This is because cryptos are treated as property Income you get after lending property is rental income by default and this is where it gets interesting Overstaking income could can also be treated as interest because rewards might look like interest payments Though he said it would have to be fiat money to apply with case law So really it's it's all in the interpretation and the big thing is how is the IRS actually going to do it? We don't know for sure right now But uh, if history is any teacher The IRS likes to throw a big monkey wrench into the whole operation. So That's what we got. So moving on IRS all states that wages paid to employees using crypto Are subject to federal income tax with holding and payroll taxes. So there went my sweet idea. I can't do that The IRS is getting much smarter at tracking cryptos as staking rewards gather momentum tax authorities in the u.s Are keeping up with the game and then this is what scares me right here The impending introduction of staking on ethereum 2 will be a capital gains nightmare For stakers as recipients and i'm like, oh my god We just I just got done filing my taxes and I use crypto trader dot tax and those are the guys that I trust You can find the link in the description For everyone in my videos, but I had to I just reached out to david and david's one of the heads of crypto trader And i'm like, hey if this happens What what can be done or what are you guys doing about it? Because I mean if I have to if I have to record every single transaction, especially for all this different staking I'm gonna lose my mind. So, uh, let's just hear what david has to say. So everybody so welcome back to the office So that last thing that we just talked about the impending introduction of staking On ethereum 2 will be a capital gains nightmare For stakers recipients and this isn't going to be a nightmare for everybody including myself So I don't have the know-how as far as like what could potentially happen, especially in the Capital gains department and taxes. So I reached out to david from crypto trader dot tax And I asked him the question because it's if it concerns me it's probably going to concern you So david that's our question for today. Uh, what do you got for us? What are you guys seeing and what have you guys planned for in the future for this? Yeah, so staking protocols, it's not new right? It's taken the ethereum a long time to roll out what they have set out to do a number of years ago Um, but you're exactly right like as soon as they switch to proof of stake anytime you're receiving staking rewards That's treated as an income event. So you realize the fair market value of that staking reward When you receive it right and that's treated as a form of income to recognize on your taxes So in terms of what we're doing right as we see the ethereum ecosystem evolve We're our teams working on parsing in the entire ethereum Ethereum blockchain. So as a user of crypto trader dot tax Simply plug in your ethereum wall that you're receiving your staking rewards at and we'll be able to parse in those as incoming transactions And we'll be able to mark the us fair market value or whatever your home fee at currently is So a lot of work, but you know, we're well on our way to be able to supporting that type of functionality Gotcha So that's pretty cool because you guys save me a lot of time for my taxes. So thanks. I really appreciate that I don't have enough time on the day. So what was great about is that it just pulled in all my data from I was using a coin dates. I had something from finance. Who will be sucks? But I mean, that's not your fault. Who will we just wouldn't be in information? Whatever But uh, so for for this same type of thing, are we going to do it's Is it going to be able just to be pulled in automatically or are we going to like download some kind of like csv? Spile and then stick it in there. How's it going to work? So so it's it depends on how your wall is set up. Okay, if you're um receiving staking wards like right right to your coinbase wallet, right? Which is an option or if you have a hardware wall that is where you receive them It'll depend if you're going straight to like a custodial exchange like coinbase It's still going to be you just plug in your coinbase account. We can pull in those deposits. Okay But if you have a hardware wallet or some other wallet, you can just literally put in your ethereum address And we'll be able to pull in everything that we saw come from the blockchain on that So it really depends whether You know you're using a custodial service like coinbase or if you're you know non custodial If that kind of makes sense that makes sense. So the big thing is just have your ethereum address Plug it in you pull the data and everything's right there. Exactly. Yes. It's gonna be it's gonna be slick. We're excited to roll it out We'll see man. I'm excited. All right. I don't want to keep here. So thanks so much for answering that big question No, thank you for having me on take care. Okay, and I gotta tell you I like a company that is proactive rather than reactive take note coinbase. That's how it's done So if you if you see something coming on the rise in you get in front of it before it gets in front of you And I think everything will work out. So we'll see it all goes But thanks david for answering that question because I had no answer To finish this up It says if donald trump manages to push through his proposal capital gains tax cut It will lease off the opportunity to keep at least a little more of the gains after all the record Recording keeping record keeping and paperwork has been completed And this is what I wrote. I said, you know, this is concerning especially with all this government interference My worries that taxes might go out of control and I got to tell you just if they do a capital gains cut So it might go from 20 to 18 or from 15 13 or whatever else you still got to pay a lot of taxes I mean just think about that think of Think of where cryptograms and digital assets were Five years ago if you had invested five years ago and where they are now So even if you're paying, I mean, let's just low ball 10% 10% of everything that that you made because you know, you have to Uh, where are you going to be? So That's why I put together this little explainer. Remember this. It's not how much you make It's how much you keep and taxes are the number one reason Why you'll lose a ton, but there's a way around this. First of all Taxes suck I think even the bitcoin maximalists and the xrp army can all agree on one thing and that is that taxes are awful So here's a question before we start question one is would you rather pay a 20 percent tax on 180 thousand dollars or A 15 percent tax on two million dollars And number two is do you think you live past 60 years old now me personally? I think I've made it this far So why not it's not without it's not outside the realm of possibility that I can make it that far So let's start with the average viewer of this channel. Let's go with the person who is about 35 years old That's pretty much somebody who is in the middle now It's just an average you might be older or younger But this is just an example and according to us census bureau and the social care administration people will live on average Somewhere around 82 years old. That's males females white black latino, whatever Men will live a little bit shorter lives women live a little bit longer And so around 82 but let's say you retire at 65 So you got about 20 years to go until you kick the bucket I mean, well, it's actually 17, but let's just round up to keep things simple again You might live longer or shorter than this. I'm not no sure. Domus. Let's just go with the average So Obviously the earlier you retire the more money you might need so you don't run out It really all depends on how long you want to work So that means that if you're around 35 years old, you've got 30 years to save up for retirement Now it may sound far away But let me tell you right now it is not and I put this little Hashtag okay boomer as a reminder because I was in your shoes If you're 20 years old at some point I was in your shoes and someone told me a long time ago about compound interest and retirement and I thought yeah Yeah, sure. I'll get to that and I didn't and here I am playing catch up talking to you about these things So again, it's not about what you make. It's about what you keep and one of the biggest obstacles You and I are going to face is the tax man. I know there's some libertarians right now Saying hey taxation is theft. Well, uh, that's what these people said and it didn't work out too hot for them You got willy, wesley, martha and even al capone got pinched for tax evasion So good luck doing better than these guys and here's a little trivia Which one of these four did not serve jail time because three did federal jail time The only one that didn't was actually willy and the way he did it was he made a tape and paid the irs back millions of dollars So again, good luck dodging the irs now. Have you ever signed up with an exchange? Done any kind of kyc know your customer aml anti money laundering or submitted a photo ID or passport Or social care number to any exchange or wallet because if you did any of those Chances are the government knows you have crypto and this question on your 1040 for taxes should have been answered. Yes Now look, I'm not here to calm down anyone But I've been through an irs audit and it is no fun. So trust me when I say The irs knows but stay with me because I'm going to show you the smart way to do things and how to massively reduce your taxes So you can keep way more of what you make instead of giving it to the u.s Government so let's say you dollar cost average into ethereum starting at the beginning of 2020 So assuming eith goes to 10k that we need to accumulate accumulate 200 eith over the next 30 years And that's just to break it down 200 eith times 10k is 2 million, right? That's just my goal And remember that's just for you So if you want to leave a legacy for your kids and grandkids then you might need more again I don't know your personal situation But these are all just rough estimates And also if you live longer and probably with the advancement and like anti aging stuff You're either going to need more cash flow or you're going to have to tighten your budget now I think this is a real possibility Based on how technology is advancing. This is a great and frightening at the same time now 80 Might be the new 40 and if that's the case You're going to need way more income Which is even more of a reason to keep as much as you can And not give it away to good old uncle sam and nobody wants to do that and One more thing remember $100,000 today will not be $100,000 in 30 years Especially with all this money printing going on. So just keep that in mind So here's your options right now and they're called capital gains tax And you've got essentially two flavors. You got short term capital gains Which is anything you can make under a year. So an example is you buy bitcoin in june 2020 And sell it April 2021 You bought it and sold less than a year. That is short term capital gains tax And you'll be taxed based on your filing status. So if you're a single and make above 39,000 You're going to be taxed at 22% 84,024 and so on and so forth head of household Same thing if you make over about 52,000 22% 84,024 percent and then married filing jolly and separately and this is progressive So just be just be aware of that's how it is And also here's long term capital gains tax, which is like the prettier yet still ugly sister of short term capital gains We just saw so this is what you can expect if you cash out after holding an asset longer than a year So let's say that again, you are head of household and you make 52,000 dollars You're going to be taxed at 15% if you make over 461,000 first of all good for you Second of all, you got 20% and then single 39,050 20% and so on and so forth So it really all depends where you fall and one more thing These are the current numbers keep in mind that these capital gains taxes have been as high as 35% in the 70s So hopefully it doesn't go back to that in the future. But who knows We got to pay for all this money printing, right? And it really depends on the philosophy and direction of the government at the time and who is in charge Which is why I'm making plans right now. So I have to deal with that uncertainty in the future Also more bad news depending on the state you live in you also have to pay state Capital gains tax on top of the colossal taxes you just paid on the federal capital gains taxes So lucky for me. I'm in texas so I got 0% But who knows where I'm going to live later, you know, uh, I could move to georgia. I don't know But uh, florida, nevada, uh, all 0% washington congratulations new hampshire Then you got most of the uh, midwest and the southeast you're looking at four to six And then if you live in california, uh, you got 10% so sorry cali So let's recap we're going to need money for decades after we stop working And we don't want to pay uncle sam a huge chunk of our crypto gains. So here's what i'm doing I'm putting $6,000 worth of cryptocurrency and gold per year Into a roth ira now why $6,000 and why a roth ira because six grand is the max I can contribute every year and with the roth ira. I'll never pay taxes on the gains from my crypto Ever let me say that again with the roth ira Uh, the one on the right, I'll never pay taxes on the gains from my crypto Ever so if you're thinking well, I don't have $6,000 to contribute every year. I'm on a budget So I want you to think of it this way if you put in $500 into bitcoin in 2013 When it was $100 per bitcoin, you'd be sitting on five bitcoins right now and it'd be worth $50,000 plus And probably $500,000 in the future if it hits 100k per bitcoin, which a lot of people do predict Or if you had invested $500 into ethereum in 2016, which wasn't too long ago when it was $10 You'd have 50 ethereum worth 200,000 right now and $500,000 if ethereum hits 10k per eth The point is it doesn't matter if you contribute a little bit or the max per year Just contribute something and get prepared for the future be proactive instead of reactive trust me on this one And those examples I just gave was only $500 total So imagine if you would have invested or could invest $1,000, $2,000 or even $6,000 Which is the max every year and what might happen in the next 20 to 30 years Now, I don't know what's going to happen with crypto and digital assets in the future But if history is any teacher, we could see some massive gains And unfortunately some massive taxes for those who are not careful So the question is do you believe that what you invest in will stay flat or massively go up in value and eventually moon? I think it's going to weigh up So here's why I'm using a cryptocurrency specific IRA that will massively minimize my taxes so I can You know keep more of what I earn So let's break it down and talk about a traditional IRA a sep IRA and a Roth IRA And why I picked the Roth again, you can do whatever you want to do But this just made sense for me and my personal situation So a traditional IRA the contribution limits per year are $6,000 if you're under 49 and $7,000 if you're over 50 So that's just something to be aware of contribution taxes are Pre-tax meaning you put in money before the IRS taxes you on your income Which means the growth of the investment will be taxed i.e. You save it in the beginning, but then you get crushed in the end So do you want to be or do you want to pay taxes on the $6,000 you put in per year? Or the millions it can potentially grow to now withdrawal taxes are tax deferred growth Many you pay taxes when you withdraw after age 59 and a half So whatever your crypto investments grows to means that's what you'll pay taxes on on all of those gains Early withdrawal fee is a 10 penalty plus a tax fee So if you take money out before 59 and a half be prepared for a nice kick in the teeth And who is this good for well? This is good for people who need the tax break for this year's taxes or People who think that their taxes will be lower in the future An example would be someone who makes like a ton of money 200,000 dollar salary now But when he or she retires they won't have that job or that high salary Which will put him in a much lower tax bracket. So that is what will be good for them So additional info is this you can do a rollover if you have a traditional ira way ira somewhere Somewhere else you can do a rollover to a cryptocurrency traditional ira With no problems because they're both traditional iras now if you want to roll over your traditional ira to a Roth cryptocurrency ira It is considered a taxable event as additional income now. This might make sense in certain situations, but talk to the pros Okay, so we talked about traditional ira. Let's talk about a sep or a simplified employee pension And for this one the contribution limits per year are 20 percent of net earnings. That's pretty big 20 percent Contribution taxes are also pre-tax which means you put in money before the irs taxes your income So again the growth of the investment will be taxed again Do you want to be taxed on the 20 percent of your net earnings you put in or the millions it grows to? Withdrawal tax are also tax deferred meaning you pay taxes when you withdraw after age 59 and a half So again, whatever your crypto grows to you'll pay tax on it early withdrawal fee Is again 10 percent penalty plus a tax fee. So again another kick in the teeth And this is good for small business owners and people Who need the tax break for this year's taxes or People who think that their taxes will be lower in the future like the example we just talked about with the traditional ira Again for the additional info you can do a rollover talk to the pros in that one and they'll set you up But for me, i'm a heavy crypto investor And for me, it only makes sense to open up a Roth ira and here's why so for a Roth The contributions limits a year are again 6,000 or 49 or 7,000 for 50 year olds and plus Contribution taxes are post tax meaning that you put in money After you get taxed on your income. This means Your investments grow tax-free. So do you again? You want to pay tax on the 6,000 you initially put in Or the millions it will grow to Withdrawal taxes are tax-free growth meaning after 59 and a half you can withdraw any amount tax-free And early withdrawal is none for contribution So you can also withdraw your contributions at any time for any reason And get no type of penalty but for the earnings it makes you could pay taxes plus a fine or both So if you need money for any reason just take out the contributions that you've put in and you'll be fine Although I wouldn't recommend that so this is good for people who believe that their crypto investments are going to shoot up massively over the next 20 or 30 years like myself Also, it's for people who think their taxes will be higher in the future either from government interference or They'll continue to work The rest their lives like small business owners or asset owners or people who have like rental property. So Just so you know, this is my choice and what I believe Will work best in my situation again uses information to decide what works best for you and your personal situation And uh, that's what I have to say there. So here's a little trivia Do you know the return on investment for a IRA that invests in the usual? Regular market stocks bonds cds, etc On average, it's a whopping six to ten percent. Let me say that again per year It's six to ten percent in the traditional space. That's a huge year. That's enormous But in crypto we call that a tuesday. So here's a warning How you file your taxes will make a big difference. So for the traditional and sep IRAs There's no contribution limits based on income meaning pretty much everyone can contribute up to 6 000 per year but For a Roth IRA, there are contribution limits based on income and tax filing status So, you know, there was a catch because it you know, everything if it's too good to be true usually is But uh, there's a catch, but it's not too bad. I'm going to show you why So here's the Roth IRA modified adjusted income chart for 2019 and 20 They're pretty much the same But if you filed as a single or head of household and make less than 122 000 Nothing to worry about above that it gets reduced at 137 000 you can't contribute anything to the Roth IRA But there's a way around this now If you filed as married filing jointly and make less than 193 000 nothing to worry about Above that it gets reduced and then at 203 000 you can't contribute to a Roth IRA at all But there's a way around this If you filed as married filing separately like I do And make less than 10 000 and you can only contribute a reduced amount or None at all But there's a way around this now the way around this is called a backdoor Roth IRA And it gives me all the advantage of a regular IRA Regardless of my income and I'm able to contribute the max of 6 000 per year And this little gem was passed into law by the federal government in 2010 But not too many people know about it. And that's why it got me So here's who I use for my personal Roth IRA and who I recommend to all my friends and family And it is I trust capital and the reason for this I went with them for three main reasons First of all is the team second was because the fees and third is I can have an IRA of crypto and gold So let me just break it down. So the team itself is the actual website. I'm gonna go to about us Click down on team And this is what I always harp about If you want to see a company that'll be successful Look at the team because it'll just tell you exactly what you want to know So this team that they've assembled I believe is kind of bringing together the old world With the new so Todd and Blake here And Anthony, where do you go? Anthony down here are the kind of like leading in the cryptocurrency investments and rich Tim and Murphy or rich is the the cto. Tim's the economists and Murphy's the VP of operations These guys were all a part of pIMCO, which has a 1.9 trillion assets that are management So these guys manage bond trading platforms that would do one million trades a day So the point is they know how to build and operate a trading platform at a pretty high level. So that makes sense to me And I've also got terry down here who's got three decades in the retirement trust industry You got carol who has five plus year retirement alternative investments Henry who specializes in crypto trading and daniel does the ui or the user interface the trading platform again I'm a big believer in teams and this one's pretty stacked So just show me who the team is behind the company and I can tell you pretty much Are they're going to be successful or not? It's the same thing with businesses Same thing with cryptocurrency and digital assets and the teams behind it next is the fees So let's take a look at the fees as you go to pricing And here it is three bucks a month It's a count fee and then in crypto you get a 1% trading fee 1% not too bad Gold is $50 over spot and the one thing I liked about this is that the fees were easy to find I mean, I looked at other places like um bitcoin ira bitcoin bitcoin ira one of those two and I can it's hard to find any of their inner structure. So once I call them listen to whole spiel the rigmarole I was like, no, thanks. So here's the fees and I got to tell you for what I get I think they're under charging me and this is what you get for your monthly fee So you get your setup of your new ira at sun west trust facilitation of transfer rollover contribution to fund your ira all necessary tax reports unlimited storage and institutional custody partners and I trust platform support and man so great and let me let me go back to their main website because the last thing was about physical gold because I believe That the new savings account is going to be Gold silver bitcoin. So when they told me that they were actually offering gold is like tell me more And what's cool about this is that they're secured at the Royal County Mint Provide secure storage global in Ottawa and Winnipeg Minisecure RCM waits each bullion bar upon delivery and audits the entire inventory each quarter by the government of Canada's office of the auditor general So this is pretty cool I like that and then the other three things because that was a top three and then when I dug into it I found these things which I really liked and the big thing was that that they use curve So curve is for storing digital assets. Let me take a look at their website. So curvy don't know They are making a big dent into the institutional grade custody and they are being buoyed by These big players like itoro. Hi, my are crypto Genesis Corbett Swiss board of Bitbond coin house and Franklin Templeton investments and Franklin Templeton investments I think they have like almost a trillion assets in our management Of course, those are those are all traditional But I mean if you have something like this old school like this coming in there going Hey, we want to get in the game and we want to use curve So the same these same huge corporations and big entities that are using this for Storage and custody. You're also seeing this for what you are storing it. So that sounds pretty good to me Okay, so going back there's another big thing. Let me go back to the very top. This was uh, interesting I just thought it kind of came with it But I had to be told that no, that's not true And that was about trading 24 hours a day because I mean we are in cryptocurrency, right? So why wouldn't be able to be able to trade 24 hours a day? 24 seven, right? So I just expect it But when I talked to the other Competitors, there's only one that said that they actually do allow 24 seven the other ones You have to call in during business hours to execute a trade over the phone. So whatever This only makes sense to me and lastly and then we'll wrap this up. I trust has no commission sales reps So nobody that I trust is on commission and they don't give out financial advice They give options and go over the rules and regulations the IRA And then you make your decision what it was whatever is best for you and your family That's how I came to the realization that I needed a Roth IRA So to wrap this up, uh, you'll be able to find I trust information in the description of every one of my videos And the link will look like this So lastly, let me say this so if you go with the guys that I went with or someone else It doesn't matter just go with with someone somebody and take it from me Times move pretty fast and before you know it you're old you're looking around thinking Where did all the time go? So that is it for what I am doing So again, thanks for watching the days video if you like those types of videos We too much going to pop up on your left and right not sure which one it is because youtube control that stuff And uh, check those out and that's it. So thanks a lot. I'll see you on the next one