Presenting for Financial Advisors with @NicholsMarc at @FPA_Houston today.
5 Things Advisors Need to Know Re: Blockchain and Crypto
Here's the agenda:
- Regulatory Agenda
- Technology Adoption
- Digitization of Dollar
- Crypto and Blockchain in Practice
- What do you do?
Question we're getting the most:
Why should I add crypto now?
Our best answers:
1. When there's a spot BTC and later spot ETH ETF, prices will likely increase considerably. Interest from clients will follow.
2. Adoption through payments and stablecoins will drive network usage, which drives values. - @paypal, @visa, @BlackRock
@MeasureTwiceMNY Conceptually many think they know what their risk tolerance is. But when the perceived threat to one’s current or future livelihood is real, that is when their true risk tolerance comes out.
@MeasureTwiceMNY If you grew up in a household of financial scarcity along with care takers who made financial decisions that caused wealth destruction events, then you are less likely to take risk as an adult.
It’s not just education, it’s healing. Many investors are triggered by taking risk.
gm @RyanSAdams and @TrustlessState. I think it’d be valuable for people to hear what advisors do.
We believe there’s a misconception about what advisors actually do in the crypto space.
Well said @Interaxis8 it would be great @RyanSAdams and @TrustlessState to come jam with you on why financial advisors are so important to the financial well being of investors they care for that go far beyond investment management
12/ So, @RyanSAdams and @TrustlessState -
@NicholsMarc , @Defi_Steward, and I would be happy to join you on the show one day, and we can walk through what advisors do, where crypto might affect them, the ETF discussion, etc.
Exciting news! We're thrilled to announce our partnership with @PolygonAdvisory the leading crypto tax service provider in the industry.
https://t.co/JhhNru575P #cryptoassets#taxplanning#wealthmanagement
A 🆕 episode of Tokenization Talks is now live! Host
@AnneliseOsborne welcomes @arbor_digital's @NicholsMarc on the show. 🗣️
Tune in to find out the infrastructure needed to bring financial advisors into digital assets. 👉 https://t.co/e2z0AXH894
@jbrendanfrazier But if I’m actively listening and then executing this, when do I spend 10 minutes pitching my investment product and how great I am compared to everyone else?
I always say if your ‘advisor’ never talks about, or says they can’t talk about taxes and doesn’t have a partner, then you are not working with a financial advisor. Poor Tax planning is #1 source of wealth destruction over the life cycle, not fees or poor returns.
Hi, this is Gavin’s family and we sadly need to let you know that after a short illness that he battled bravely, he passed on January 30, 2023. Gavin wanted all his friends, family and colleagues to know he died at peace without any regrets.
@lexfridman See it all too often as a financial advisor. I’m curious if this taught you something about your friends that you didn’t know? Did it change how you perceived them? Did it change how you approached caring for them?
Lots of question, feel free to pick one 😅 cheers!
@T_Gatzemeier 💯 when practicing one of the first re-wiring of client expectations was that most of what we do together will not be focused on investing. That in fact, investing was the easy and somewhat boring part, on purpose.
Pillars of mental & physical health & “performance”:
1) Sleep 2) Sunlight 3) Movement,
4) Nutrients 5) Relationships (all kinds, incl. w/self).
Amplifiers:
Cold exposure (1-5 min, circa-waking & BEFORE exercise).
Non-Sleep-Deep-Rest (NSDR); done at any time.
@nlw Human psychology is a wondrous thing. Even when presented with data to the contrary. Even when you know he is an entertainer and is not accountable to anything he says, many still give him their attention.