Crypto, and now Private Equity, are chomping at the bit to scam billions from non-sophisticated investors. They are very high risk asset/investments that do not belong in everyday retirement accounts.

They are virtually unregulated and reporting is, at best, opaque.

IMNSHO, it is foolhardy to allow these asset/investments into programs designed to be in long term security and retirement accounts.

Sometimes it is wise to try and protect people from themselves and make sure some guardrails are put in place (we literally do that on certain roads). Retirement accounts is one of them. This protects individuals as well as society.

Allowing these products in IRAs is nothing more than a vehicle for a handful of individuals to pickpocket ordinary folks. It’s a scam.

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