Will Murphy

Growing @getbasiccapital

[Will Murphy @wimurph]

@venture_dm Congrats!! No one better to tackle this

[Casey Jacobson @401Casey]

I had the worst Cacio e Pepe the other day, which made me think if something this simple can end up this bad at this cost… what else are we over complicating and overpaying for? In the 401k space the answer is Empower Retirement

[Casey Jacobson @401Casey]

Come find me and take a sleeve of golf balls at NAPA

[Basic Capital @getbasiccapital]

What a week! @Abude_al_asaad spoke at Pensions & Investments DC East and the Milken-EBRI Retirement Symposium. He brought a simple message with him: Be of service. To plan sponsors, to participants and to an industry that handles over ~$10T of hard earned savings

[Joe Weisenthal @TheStalwart]

Everyone should follow @401Casey. He's brand new to Twitter, but I've known him a long time, and can say that he's one of the most knowledgeable people I know about how the financial services industry actually works.

[Will Murphy @wimurph]

@THArrowOfApollo CODE

[Abdul Al-Asaad @Abude_al_asaad]

Excited to see everyone in SF tomorrow morning

[Will Murphy @wimurph]

@Abude_al_asaad @tryprofound @getbasiccapital @dbabbs @thejamescad @EliottLee @lightspeedvp @sequoia @kleinerperkins @mamoonha Can't believe @skinner_angus baked this himself, man of many skills

[Abdul Al-Asaad @Abude_al_asaad]

Congrats to @tryprofound on the raise. We at @getbasiccapital are proud to be a customer. Very well-earned round. Rooting for you @dbabbs @thejamescad @EliottLee

Congrats to @lightspeedvp, @sequoia, @kleinerperkins, and @mamoonha

[Hunter 🌆 @rhunterh]

Downtown friends, tomorrow morning we're hosting coffee at Manjul on Howard Street near our office. I'll be hanging out with the @getbasiccapital team. Come say hi and get a free coffee.

[Abdul Al-Asaad @Abude_al_asaad]

TIL: all of the of the stats about retirement balances have only included those with >$0 balances.

Credit for assets.

[Will Murphy @wimurph]

@Abude_al_asaad @rhunterh is a legend

[Abdul Al-Asaad @Abude_al_asaad]

https://t.co/aSzTvtzK6l

[Will Murphy @wimurph]

@Abude_al_asaad Spending time increasing your taxable income is far more beneficial than tax hacking your way to 2% less in taxes

[Hunter 🌆 @rhunterh]

Some of us have been saying...

[Will Murphy @wimurph]

@Abude_al_asaad Very proud of what we are building at @getbasiccapital

[Basic Capital @getbasiccapital]

We designed Basic Capital for how people build wealth *today* which is increasingly through the ownership of productive assets.

You can't close the wealth gap just by extending amortization, you do it by giving everyone a real stake in the growth and dynamism of our economy.

[Will Murphy @wimurph]

@pahdre @Jason @anothercohen https://t.co/HVMAnx4dy5

[TBPN @tbpn]

IN NEWS: Basic Capital raises $25M Series A (led by @ForerunnerVC & @Lux_Capital).

Co-Founder & CEO @Abude_al_asaad frames their product as long-duration, mortgage-style financing for retirement investing.

“Credit is a tool… it can be used in a good way or in a bad way.”

The distinction vs. margin/levered ETFs is duration and structure. “A very good way to finance assets is the mortgage… 30 years, amortizing, and there is no mark to market.”

Here's how it works:
> An investor puts down roughly 20% in cash.
> Basic Capital then contributes the other 80% as debt and places the full amount into an LLC that is non-recourse to the individual.
> The investor makes regular payments on the loan over 30 years, just like a mortgage, while the LLC holds 100% of the assets.
> Those assets are invested not in a single stock but in a diversified portfolio of stocks and bonds.

“Instead of buying a house and betting it on a zip code, you can take a piece of your life savings, lever it, and invest in a diversified portfolio.”

[Will Murphy @wimurph]

@shriram_clf I think you missed one