|Lαrks. Dαvids•

|Entrepreneur and Bitcoin investor. Tweets are not financial advice. The Founder of Wealth Mastery; the best newsletter in crypto (link in pinned tweet).

[Lark Davis @LarkDavis]

If you are a millenial or gen z, then you will need between 3 to 5 million to retire in comfort thanks to inflation.
That means you are probably f*cked. Sorry.

That is unless you are investing. It is quite literally the only avenue to not be f*cked.

If you earn $100,000 a year, which is above the 60k average, then you will get about 75-80 post tax. Average rent or mortgage will cost 25k a year. So we are down to 50k in hand. Food, transport, clothes, entertainment, etc. At least another 10k. Probably more. Probabably student loan debt too. So maybe you get 30k a year left over if you are budgeting tightly.

Working life from 25-65 saving 30k a year equals 1.2 million. Not enough to retire. Plus, inflation will wreck that 1.2 million.

However if you invest that 30k into the S&P 500 for 40 years then your 1.2 million capital will turn into stock portfolio worth 13.2 million by the time you are 65.

If you don't start at 25 and start at 35 instead then your nest egg drops to 5.4 million. Start at 40 and you get 3.2 million.

The above assumes the ability to get and hold a 100k a year job. To be able to consistently invest 30k a year. That you start early. Etc. The numbers work, but the odds are not in most people's favor.

Most people will work until the day the die and retire in poverty. Because most people are not doing the above. In the USA 57% of people say they couldn't afford a $1,000 emergency. That's scary.

Want to not suffer that fate?
Then you need to act differently from most people.

The formula is this
- spend less
- earn more
- seek knowledge
- invest heavily, regularly, and early
- hustle hard to seek gains
- find extra income sources

No one is coming to save you.
Certaintly not the government, lol.

[Lark Davis @LarkDavis]

Farewell creature. Your name will live in infamy long beyond your years.

[Lark Davis @LarkDavis]

Altcoin Daily reveals his wallet 💰

#crypto #cryptoportfolio

[Lark Davis @LarkDavis]

Volatility is back with a bang to shake things up, with Bitcoin dropping 9% in 4 minutes.📉

We tell you all about it in our FREE newsletter, along with:

→ Evergrande's bankruptcy 🏢
→ China's deflation 📉
→ PayPal partners with Ledger 🤝

Get the lowdown here: @TheCryptoLark

[Lark Davis @LarkDavis]

Going to tell my kids this is where Bitcoin comes from.

[Lark Davis @LarkDavis]

Seeing rumours starting to circulate of new Covid variant that will require a return to lockdowns…

So are they going to print money again and pump markets ?

[Lark Davis @LarkDavis]

Exponential age explained under 60 seconds ⏱️

#exponentialage #technology

[ARK Invest @ARKInvest]

https://t.co/sFjugmAWh2

[Cathie Wood @CathieDWood]

An investment in ARKB is not a direct investment in bitcoin. Investors will also forgo certain rights conferred by owning bitcoin directly. The Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. An investment in ARKB involves significant risks, may be subject to extremely volatility and investors could lose their entire investment. Thus, ARKB is not suitable for all investors.

[ARK Invest @ARKInvest]

Real growth ≠ inflation rising. In fact, we believe that if real growth accelerates, inflation will come down. @CathieDWood explains why in our new "In The Know."

Watch: https://t.co/6pAUoIH4aj

[Cathie Wood @CathieDWood]

Wow‼️

[Cathie Wood @CathieDWood]

In collaboration with Mach33,
ARKInvest open-sourced its #SpaceX model, the only open-source model in the market, if I am not mistaken, which should help put into perspective the massive opportunities, even before solar-powered data centers, in space.

[Sam Korus @skorusARK]

If for some reason you're randomly wondering what SpaceX might be worth...

here is ARK's open source model https://t.co/wOhzAtISSt

[Cathie Wood @CathieDWood]

.@ARKInvest is looking forward to working with Manny, Melissa, and Tony at @eMergeAmericas to attract startups involved in technologically-enabled innovation to Florida.

[binji @binji_x]

the eth core devs don’t tweet a lot about just how hard the work that they do is so let’s talk about it:

1. every line of code they merge can move more money than most banks process in a quarter. there is no staging server for that.

2. they swap consensus logic for a 400B + dollar economy without scheduling downtime. ever.

3. they coordinate hundreds of researchers, auditors, and client teams across time zones, cultures, and philosophies, yet ship like a single mind.

4. they do it all in public, with every decision dissected by the loudest peanut gallery on the internet, and still keep the vibe collaborative.

5. they design for attackers who have nine figure incentives and infinite patience. then they sleep anyway.

6. they keep six independent clients in perfect sync so the same block lives at the same height for every node in the world.

7. they turn bleeding edge research into production code while preserving backwards compatibility for machines that went online before defi even had a name.

8. they debug issues that only happen once a year on a single archive node because someone somewhere will rely on that edge case.

9. they write cryptography that must stay unbroken for decades while the math itself evolves beneath their feet.

10.when the upgrade lands smooth the outside world shrugs. inside ethereum we know it was a minor miracle. every successful fork proves that decentralized coordination can outperform the world’s best hierarchies and shows that open internet capital markets are now the default.

thank you, truly.
we owe you everything.

[Cathie Wood @CathieDWood]

Innovation thrives when leaders share ideas globally. Glad to help spark the conversation!

[ARK Funds @ARK_Funds]

The ARK Venture Fund is expanding with Class U and Class S. Advisors gain flexibility, but the strategy remains identical across all share classes. Existing investors remain in Class D with no changes.

ARK Venture Fund: https://t.co/1IEFrcVOB5

[Chase Prather @PratherARK]

Last year, we argued that the ARK Venture Fund (ARKVX) offers investors more responsible access to private companies than Destiny Tech 100 (DXYZ), an exchange-traded closed-end fund.

Here’s what’s changed since then 🧵👇

[Cathie Wood @CathieDWood]

In this recent webinar, I discuss why the liquidity squeeze that has hit #AI and #crypto will reverse in the next few weeks, something the markets seemed to buy, and why AI is not in a bubble. The 123% increase noted below was in Palantir’s US commercial business last qtr.

Watch here: https://t.co/RXBqqcaPsC

[ARK Invest @ARKInvest]

https://t.co/A1PDSrCSZd