A Game-Changer in Sports and Finance
StocksFC, the innovative football (soccer) stock market platform that operates on Ethereum, is proud to announce its remarkable success since its establishment six months ago. In this short period, StocksFC has revolutionized the sports investment landscape by providing fans with an unprecedented opportunity to monetize their football knowledge.
Unrivalled Profits and Portfolio Power
Since its launch in May 2023, StocksFC has allowed fans to buy, sell, and trade football player stocks, with the potential to earn crypto rewards when players perform well on the field. In just six months, the market cap has increased by an impressive 1350%, with over half a million stocks in circulation. This incredible growth mirrors the bullish trends seen in the most dynamic financial markets.
The platform's rapid growth is driven by the soaring value of player stocks. Premier players like Maddison have seen their stocks surge over 400% since being listed. These exceptional returns are not anomalies but rather the norm on StocksFC, where every week presents the possibility of significant profits. Football fans have the freedom to customize their portfolios to capitalize on weekly, monthly, and end-of-season cash rewards. Strategies range from investing in undervalued players to identifying future superstars.
Alex Thomas, the founder of StocksFC, stated, "The surge in growth we've experienced in the past six months has been remarkable. We are fully committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets."
Three-Tier Model to Retain Rapid Growth
StocksFC has implemented a three-tier model to ensure its continued rapid growth. This model is based on a commitment to transparency, sustainability, and community.
Transparency is not just a buzzword at StocksFC; it is the foundation of the platform. The platform guarantees an immutable ledger of transactions, fostering unparalleled trust among its users. Sustainability is equally important, with StocksFC's design ensuring long-term value growth. Each stock is an ERC20 token, with a limit of 100k stocks per player and a systematic burn of stocks on trades. This carefully crafted scarcity enhances the potential rewards for investors.
Furthermore, StocksFC prioritizes a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the core of its operations.
The Future is Bright
StocksFC has not only attracted fans but has also gained the confidence of financial and technological giants. Early investment from venture capital firm Antler has propelled StocksFC's success, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have established a solid infrastructure for seamless and secure trading experiences.
With its exceptional growth, StocksFC continues to lead the way in the sports investment domain. The future holds exciting expansions, including plans to release hundreds of additional players in the coming months and expand into Europe's top 5 leagues, as well as other sports.
StocksFC extends an open invitation to football fans and sports traders worldwide to join them and be a part of this winning streak that combines passion with profits.
For more information and to become part of this investment revolution, visit StocksFC's platform and engage with the community on Telegram, Discord, and Twitter.
Score big with StocksFC – Where every fan is an investor.
StocksFC – Buy. Sell. Earn.
This is a press release. Readers should conduct their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Frequently Asked Questions
How to open a Precious Metal IRA
It is best to open an IRA with precious metals through a Roth Individual Retirement Account.
This type account is better than others because you don’t have any tax on the interest that you earn from investments until you remove them.
This makes it appealing to those who want to both save money and get a tax cut.
You don't have to invest in silver or gold. You can invest anywhere you wish, as long as it is within the IRS guidelines.
People often think of silver and gold when they hear “precious metal” but there are many other precious metals.
These include palladium, platinum, rhodium,osmium,iridium, andruthenium.
There are many ways that you can invest precious metals. These include purchasing bullion coins and bars, as well as shares in mining companies.
Bullion Coins & Bars
One of your easiest ways to get into precious metals is to purchase bullion coins. Bullion is a generic term that refers only to physical ounces in gold or silver.
Bullion bars and bullion coin are real pieces of metal.
Although you may not be able to see any change immediately after purchasing bullion bars and coins at a shop, you will soon notice some positive effects.
For example, you will get a tangible piece of history. Each coin and each bar have a story.
When you look at face value of the coin, you'll often find that it's worth far less than its nominal value. For example, in 1986 the American Eagle Silver Coin sold for $1.00 an ounce. The price of an American Eagle is now closer to $40.00 a ounce.
Bullion has seen a dramatic rise in value since its introduction. Many investors would rather buy bullion coins or bullion bars than futures contracts.
Mining Companies
Investing in shares of mining companies is another great option for those looking to buy precious metals. You're investing in the company’s ability to produce precious metals.
In return, you will receive dividends based on the company's profits. These dividends will then be paid out to shareholders.
The company's growth potential will also be of benefit to you. The company's share prices should also increase as demand increases for the product.
You should diversify because these stocks have a tendency to fluctuate in their prices. This means spreading your risk across multiple companies.
However, mining companies are not immune to financial loss just like any stock-market investment.
Your ownership stake could become worthless if the price of gold falls significantly.
The Bottom Line
Precious Metals such as gold or silver offer a safe haven in times of economic uncertainty.
However, both gold and silver are subject to wild swings in price. If you are interested in long-term investing in precious metals, open a precious Metals IRA account at a reputable firm.
This allows you to benefit from tax advantages and physical assets.
Can I get physical ownership of gold in my IRA
Many people wonder if they are allowed to possess physical gold within an IRA account. This is a fair question because there isn't any legal way to do it.
You can still own gold in an IRA if you look at the law.
Most people don't realize the cost savings they could make by putting their gold into an IRA rather than keeping it in their homes.
It's very easy to dispose of gold coins, but much harder to make an IRA. If you decide to keep your gold in your own home, you'll pay taxes on it twice. The IRS will collect once and the state where your residence is located will collect the other.
You can also lose your gold and have to pay twice the taxes. Why would you keep your gold in the house?
It might seem that you want the security of knowing your gold is safe inside your home. You can protect your gold from theft by storing it somewhere more secure.
If you're planning on visiting frequently, it is best to keep your gold safe at home. If you leave your precious gold unattended thieves will easily steal it.
An insured vault is a better choice for gold storage. Then, your gold will be protected from fire, flood, earthquake, and robbery.
One advantage of storing your gold safely in a vault is the fact that you don't have to worry too much about property tax. Instead, income tax will be charged on any gains made from the sale of your precious metal.
If you prefer not to pay tax on your precious metals, an IRA may be a good option. An IRA will allow you to avoid income tax while earning interest on your gold.
Capital gains tax is not a requirement for gold investments. You can cash out your entire investment anytime you wish.
Because IRAs have federal regulation, it won't be difficult to transfer your gold to another bank if there is a move.
The bottom line is: You can own gold in an IRA. Only thing stopping you from owning gold in an IRA is your fear of getting it stolen.
What precious metals could you invest in to retire?
Knowing what you have saved so far and where you plan to save money in the future is the first step towards retirement planning. You can start by making a list of all your assets. This should include any savings accounts, stocks, bonds, mutual funds, certificates of deposit (CDs), life insurance policies, annuities, 401(k) plans, real estate investments, and other assets such as precious metals. Take all of these items and add them together to find how much you have left for investment.
If you are less than 59 1/2 years of age, you may be interested in opening a Roth IRA. A traditional IRA allows you to deduct contributions from your taxable income, while a Roth IRA doesn't. However, you will not be able take tax deductions on future earnings.
You will need another investment account if you decide that you require more money. Begin with a regular brokerage.
Can I add gold to my IRA?
Yes! You can add gold to your retirement plan. Gold is an excellent investment because it doesn't lose value over time. It is also resistant to inflation. It also protects against inflation.
Before investing in gold, you need to know that it's not like other investments. You cannot purchase shares of gold companies like bonds and stocks. They are also not available for sale.
Instead, convert your precious metals to cash. This means that you'll have to get rid of it. You cannot keep it.
This makes gold different from other investments. With other investments, you can always sell them later. With gold, this isn't true.
The worst part is that you cannot use your gold to secure loans. If you get a mortgage, for example, you might have to give up some of the gold you own in order to pay off the loan.
So what does this mean? You can't hold onto your gold forever. It will eventually have to be converted into cash.
You don't have to worry about this now. All you have to do is open an IRA account. You can then invest in gold.
What Should Your IRA Include in Precious Metals?
Protect yourself from inflation by investing in precious metallics like silver and gold. It's not just a way to save money for retirement.
Although silver and gold prices have increased in recent years, they can still be considered safe investments as they don't fluctuate nearly as much as stocks. These materials are in constant demand.
Gold and silver prices are usually stable and predictable. They are most likely to rise when the economy grows and fall during recessions. This makes them very valuable money-savers and long term investments.
10% of your total portfolio should be invested in precious metals. That percentage could go higher if you want to diversify your portfolio further.
Statistics
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
- The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (forbes.com)
External Links
wsj.com
regalassets.com
investopedia.com
kitco.com
How To
The Best Precious Metals Ira 2022: Things to Remember
Precious Metals Ira has become a popular choice for investors. This article will provide information on how to understand the appeal of precious metals ira and make sound investment decisions.
The main attraction of these assets is their long-term growth potential. The historical data shows incredible returns for gold prices. Over the past 200 years, gold has increased from $20 per ounce to almost $1900 per ounce. The S&P 500 Index, however, grew by only around half of that amount.
In times of economic uncertainty, gold is often considered a safe haven. When the stock markets is down, people tend not to hold onto their stocks but rather move into the safety and security of gold. As an inflation hedge, gold is also thought to be a good investment. Many economists believe there will always be inflation. As such, physical gold is an excellent way to protect your savings and prevent future price increases.
Before you buy any precious metal, such as silver, gold, palladium or platinum, there are some things you should consider. First, you should know whether you want to invest in bullion bars or coins. Bullion bars are often purchased in large quantities (like 100 grams) and stored until needed. The coins are smaller versions than bullion bars and can be used to purchase small quantities of bullion.
Second, you should consider where you plan to store your precious metals. Some countries are safer then others. If you are in the US, it might be a good idea to store your precious metals abroad. If you intend to store them in Switzerland, though, you might need to question why.
You should also decide whether to invest in precious metals directly or via “precious-metals exchange-traded funds (ETFs). ETFs are financial instruments that track the performance of different commodities, such as gold. You can use them to get exposure without actually owning precious metals.
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