Dividend-Paying CRYPTOS?!

 
Wealthy Retirement

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Crypto "Dividend" Yields Soar as High as 17%

Mable Buchanan, Managing Editor, The Oxford Club

State of the Market
 

We're not in Kansas anymore...

Just when it seemed like the yieldco - the cousin of the master limited partnership dedicated to renewable energy projects - was the hottest innovation that could strike the market for income investors, along came cryptocurrency.

An entirely new generation of investing vehicles emerged, and speculators have been diving in to claim their stake ever since.

Now, even some income investors are getting on board - but these are not your mother's dividends...

In this week's episode of his YouTube series State of the Market, Chief Income Strategist Marc Lichtenfeld investigates three cryptos that pay dividends or dividend-like payouts.

(Hint: You won't find yields like these on Bitcoin or Ethereum...)

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To generate passive income in the crypto space, investors have to dig a little deeper.

Take Marc's first featured crypto in this week's episode, for example. With its cheap processing fees and more than 5% yield, it could be giving Ethereum a run for its digital money.

Or consider this week's unconventional second featured crypto, known to some as the "altcoin king." In exchange for lending out your cryptocurrency for a year, you can earn more than 17% before fees.

In fact, the least you can earn before fees on any of the three cryptos featured in this week's video is 5%.

Remember, though, that crypto is a volatile space. After all, high yields come with a price.

As with the special purpose acquisition companies we brought to your attention yesterday, don't allocate more than 5% of your overall portfolio to speculative opportunities like these.

The other caveat, as Marc explains in this week's video, is to be sure to hold funds in reserve to pay taxes on your crypto income.

If you're ready to get swept away in the biggest storm to strike the market in decades, start your research with these three cryptos.

Click here to watch.

Good investing,

Mable

P.S. If you've decided there's "no place like home" and the stock market is more your speed, there are still ways to profit from crypto...

For instance, take the stock Marc calls "the ultimate pick-and-shovel play for the crypto revolution." It can be held in any regular brokerage account - no digital wallet necessary.

Click here to learn more.

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