How can I calculate the returns on my custodial IRA investment in cryptocurrency?

1 answers

• NoirCurlFeb 03, 2021 · 4 years ago
  Calculating the returns on your custodial IRA investment in cryptocurrency can be a bit tricky, but here's a simple method you can use: 1. Determine the initial value of your investment: This is the amount you initially invested in cryptocurrency through your custodial IRA account. 2. Calculate the current value of your investment: Check the current market value of your cryptocurrency holdings. 3. Calculate the percentage change: Subtract the initial value from the current value and divide the result by the initial value. Multiply the result by 100 to get the percentage change. 4. Determine the returns: Multiply the percentage change by the initial investment amount to calculate the returns on your custodial IRA investment in cryptocurrency. Remember to consider any fees or expenses associated with your custodial IRA account when calculating returns. It's also a good idea to keep track of your investments using a portfolio management tool or consulting with a financial advisor for more accurate calculations.
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