I have nothing in my retirement accounts.

The unwritten rule of personal finance is that you max out your retirement accounts and start a Heath Savings Account before investing in a personal investment account. This is strictly for the tax incentives (i.e. HSAs have a triple tax advantage: you don’t pay taxes on the way in, the way out, and it lowers your taxable income). In the past, this strategy has been a proven method to grow your wealth and achieve financial freedom.

With that being said, I’m not following this rule. I’m quite literally “all-in” with crypto. I understand the potential of the stock market, but I think crypto has a much higher ceiling albeit unfortunately a much lower floor.

I know I’m probably going to get a flood of responses in favor of crypto, but try to take all bias out of it. Will I regret this in the future when it comes to tax day?

Ultimately the way I see it is that I would rather have crypto 2x and pay taxes then the stock market go up 20% and not pay taxes on it. Let me know your thoughts.