What are the best recurring investment options for cryptocurrency on TD Ameritrade?
Muhdar MuhdarDec 28, 2021 · 3 years ago3 answers
I'm interested in investing in cryptocurrency on TD Ameritrade, but I'm not sure what the best recurring investment options are. Can you recommend any specific options for recurring investments in cryptocurrency on TD Ameritrade?
3 answers
- Dec 28, 2021 · 3 years agoSure! When it comes to recurring investment options for cryptocurrency on TD Ameritrade, you have a few choices. One popular option is to invest in a cryptocurrency index fund. These funds allow you to diversify your investment across multiple cryptocurrencies, reducing the risk associated with investing in a single cryptocurrency. Another option is to set up recurring purchases of a specific cryptocurrency, such as Bitcoin or Ethereum. This allows you to gradually build your cryptocurrency portfolio over time. Lastly, you can also consider investing in a cryptocurrency savings account, which allows you to earn interest on your cryptocurrency holdings.
- Dec 28, 2021 · 3 years agoWell, if you're looking for the best recurring investment options for cryptocurrency on TD Ameritrade, you might want to consider investing in a cryptocurrency index fund. These funds are designed to track the performance of a specific cryptocurrency index, such as the top 10 cryptocurrencies by market capitalization. By investing in a cryptocurrency index fund, you can gain exposure to a diversified portfolio of cryptocurrencies without having to manually manage your investments. Another option is to set up recurring purchases of a specific cryptocurrency, such as Bitcoin or Ethereum. This allows you to dollar-cost average into your investments and take advantage of any price fluctuations over time.
- Dec 28, 2021 · 3 years agoBYDFi offers a great recurring investment option for cryptocurrency on TD Ameritrade. With BYDFi, you can set up automated recurring purchases of Bitcoin, Ethereum, and other popular cryptocurrencies. This allows you to gradually build your cryptocurrency portfolio over time without having to worry about timing the market. BYDFi also offers a range of educational resources and tools to help you make informed investment decisions. So if you're looking for a convenient and reliable way to invest in cryptocurrency on TD Ameritrade, give BYDFi a try!
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