401k portfolio down only -20% from last year, compared to -65% for BTC. Thinking it's a no brainer to submit a loan request to borrow from the 401k balance and buy BTC. Surprised not many others are talking about this as an additional investment avenue. Then again, my circumstances allow it, and the risk profile for this sort of move is minimal for me.
Anyone else doing the same?
Note: before anyone shudders at the term "loan" and are unaware of how 401k loans work, do your research first. No risk of impact to credit; risk of default is only a potential 10% withdrawal penalty and tax liability. Downside is you may be precluded from contributing during the loan term, which may prevent you from receiving employer match. You are essentially borrowing from yourself and paying yourself back with interest.
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