Bitcoin

Jill on Money Radio Show: Financial Checkup and Bitcoin

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Adding a baby to the mix sure seems like a good enough reason to call Aunt Jill and get a status check on your current financial situation. All I’m going to say is that with a new baby, the estate planning better be taken care of!

As is the norm, we’ll also be answering a handful of emails in hour one, this the last show of February! And so begins the beginning of the end of Q1. Got it?

In hour two we’re doing a deep dive on bitcoin. This ran recently on the podcast but we figured we better run it right away on the radio show before bitcoin either tanks or hits 100k.

So we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.  

Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.

The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15. 

Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it seems to be hitting $50,000 or higher on a regular basis.

Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to this episode with Dan.

Have a money question? Email me here.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Bitcoin Boot Camp Part Two

It seems every few years or so we're due for a bit of bitcoin bootcamp!

So this weekend we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.  

Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.

The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15. 

Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it's regularly hitting $50,000.

Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to these episodes with Dan.

As I like to say, proceed with caution!

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Bitcoin Boot Camp Part One

It seems every few years or so we're due for a bit of bitcoin bootcamp!

So this weekend we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.  

Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.

The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15. 

Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it's regularly hitting $50,000.

Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to these episodes with Dan.

As I like to say, proceed with caution!

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Is Tesla a Good Investment?

It seems any time there's a crazy story like GameStop or Bitcoin is surging to new record highs, people start looking for ways to make a quick buck. Be careful, folks.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Invest in Bitcoin?

If you asked me a while back about investing in bitcoin, I probably would've said no way! But now, a few years later, my thought process has changed, and I'm now okay with it being a small portion of your overall portfolio.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Solid Job Growth for Now…Despite Tariffs

Solid Job Growth for Now…Despite Tariffs

So far, tariffs and trade conflicts have not negatively impacted the labor market. The economy added a solid 201,000 jobs in August and with revisions to the previous two months (down 50K), employers have added an average 207,000 a month to payrolls this year, quite a feat, considering that we are in the tenth year of the expansion.

Worried Market Watchers and Bitcoin and Blockchain

First a quick PS: If you enjoy the radio show, please check out our podcast, Better Off.  It's very similar and you'll hear more personal finance calls with our listeners.

You can subscribe here if you're an iPhone user or here for Android.  

On to this week's show...

Stock investors are coming off one of the rockiest stretches in two years, leading to the inevitable question: What should I do when the market drops? The answer for long-term investors is clear: nothing. Still, when you hear about big point and percentage losses, especially as the second longest bull market on record tempts some to call the market top, it’s hard not to feel butterflies. So listen to the start of the latest show and let me calm your nerves! 

Hour one also featured an interesting call from Dee in Seattle who wanted a second opinion on some advice that she and her husband recently received from their financial advisor.  Given the recent market gyrations, it was a very timely call! 

Bitcoin, bitcoin, bitcoin is the theme of hour two.  Since the end of 2017 and now into 2018 it’s been hard to avoid the mention of the now wildly popular cryptocurrency. From Cassandra's, who warn that the meteoric rise is a bubble (hello, Jamie Dimon!) to true believers, who think Bitcoin will go to $100,000, it seems that the rest of us better brush up on what’s behind the mania.

My first Bitcoin story aired on CBS in 2011, but I certainly don’t consider myself an expert on all things crypto. Thankfully our guest today, Dan Roberts, senior writer at Yahoo Finance, is a total crypto geek and has been covering the wild ride from the beginning.  

We started by discussing Dan’s recent piece about the biggest misconceptions when it comes to bitcoin. (This is a great primer for any of you who have read headlines, but are now ready to peel back the first layer of the onion.) For instance, one of the great appeals of cryptocurrencies, for better or worse, has always been that it’s not traceable.  Wrong!  As Dan explains, it is very much traceable.  I had no idea.  And it all ties back to the blockchain technology that powers digital currencies.

I also didn’t know that coinbase, the most common exchange used to buy cryptocurrencies, is FDIC insured up to a maximum of $250,000. Like brokerage accounts, the FDIC protect against the failure of the institution, not against trading losses.

Additionally, while it might sound like the Wild West, but the world of cryptocurrencies is more regulated than you would think. Dan notes that legit Bitcoin brokerages are all licensed in some manner: either with Financial Crimes Enforcement Network (FinCEN), the New York Department of Financial Services (NYDFS) and all of the exchanges now offering bitcoin futures and options are overseen by the Commodity Futures Trading Commission (CFTC).

Does that mean you should sell your stocks and plunge into cryptocurrencies? SLOW DOWN, TURBO...Consider this: on the day we taped this interview, Bitcoin tumbled nearly 20 percent, so you would be wise to listen to Dan discuss his number one fear before pulling the trigger.  

Follow Dan on Twitter for easy to understand cryptocurrency content.

Have a finance related question? Email us here or call 855-411-JILL.

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http://betteroffpodcast.com/

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Better Off BONUS call 048 - Bitcoin and Cryptocurrency

Bitcoin was all the rage at the end of 2017 and it's showing no signs of letting up in 2018, so it's appropriate that we have our first cryptocurrency BONUS call from Steve in Georgia.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in iTunes!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

http://betteroffpodcast.com/

https://itunes.apple.com/us/podcast/b...

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.