Believe this turns out well over time, Mark. Also a CFP, by the way, but not suggesting that I can predict the future of course.
Over-indexing does make planning difficult.
An efficient asset to hold in taxable arena, and can improve returns on both a nominal and risk adjusted basis, too.
0% out allocation is wrong number, regardless of how things shake out.
I’m bullish 😃
The ultimate goal of investing isn't just to grow your net worth in terms of digits on a computer screen
True wealth secures your freedom and creates optionality
Own assets that can't be frozen, devalued, or confiscated
The endgame is self sovereignty
Wealth is stored permission to say no.
The purpose of wealth is not consumption, it is discretion.
Discretion lets you reject degrading work and accept meaningful risk.
Under sound money, wealth preserves discretion instead of leaking into the hands of those closest to the spigot.
People stop living in emergency mode.
Families extend their planning window from months to generations.
A culture that can think in generations becomes gentle to children and strict with itself.
Bitcoin enables this.
"Forty hour workweeks, regardless of the job.
Four year degrees, regardless of the major.
Four decades to retirement, regardless of the career.
Remnants of the Industrial Age."
@naval
Harvard University holds $116.67M worth of #BlackRock's spot Bitcoin ETF — surpassing its $101.51M gold position and making it the 5th largest holding in its portfolio.
https://t.co/VjghDQtfPf
Lots of people reject having even a tiny bit of Bitcoin in their portfolio not because of the asset itself, but because of what it would mean.
It forces them to question deeply held beliefs about how the world works.
Everybody can't go.
This is the hardest lesson. You'll spend years trying to bring people with you. Family. Friends. Teammates. People you love and you respect. You want to set them free.
You'll share what you've learned. Show them what you've built. Explain how you escaped. But not everyone will follow.
Some are too comfortable in their chains. They can't see the cage they're in. They would rather complain about the system than leave it.
Some don't want the responsibility that comes with freedom.
They will choose familiar suffering over unfamiliar possibility. The path to freedom is always narrow. The crowd is always going the other direction.
The job isn't to drag people to freedom. Your job is to be free yourself. Show them what's possible. To leave the door open.
But not everybody will walk through it.
And everybody can't go.