Ric Edelman now recommends 10-40% crypto

[Anonymous]

He recommends 10 to 40%, not 40%. He published a white paper last month explaining why. Perhaps read it before showing ignorance by repeating tired cliches about tulips and money laundering. Bitcoin is a serious asset. Ray Dalio also recommends holding a significant percentage of net worth as a hedge against inflation. And Larry Fink. These are some of the most successful investors in history. It is not a scam. Yes, a lot of - even most - cryptocurrencies are scams, much like penny stocks. But Bitcoin is a completely different beast - more like Exxon or JPM or Apple in terms of value, but decentralized and with capped issuance. Learn the difference.

[Anonymous]

Anonymous wrote:From pretty much any timeframe since Bitcoin was invented it has outperformed every other asset class. We have a decent sized portfolio - top 5% net worth - and have 25% in Bitcoin. Wish it had been more. To all the people with the dismissive comments - do you realize Bitcoin is larger than all but a couple companies at this point? It is a $2.3 trillion asset that is heavily invested in by asset managers such as BlackRock. This is a serious asset. We continue to dollar-cost average, as there is significant wind in the sails.

You are confusing valuation with value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Never heard of him.

+1 But go ahead and spend your life’s’ savings following his advice OP

OP - where exactly did I say I would follow this advice? He’s a well known advisor in the DC area and has written a lot of books. My parents hired his firm based on his radio ads.

Radio ads??? Like talk radio with Rush?

[Anonymous]

Anonymous wrote:From pretty much any timeframe since Bitcoin was invented it has outperformed every other asset class. We have a decent sized portfolio - top 5% net worth - and have 25% in Bitcoin. Wish it had been more. To all the people with the dismissive comments - do you realize Bitcoin is larger than all but a couple companies at this point? It is a $2.3 trillion asset that is heavily invested in by asset managers such as BlackRock. This is a serious asset. We continue to dollar-cost average, as there is significant wind in the sails.

For the top 5%, a net worth of $1.17 million to $2.7 million secures your spot

[Anonymous]

Anonymous wrote:

Anonymous wrote:From pretty much any timeframe since Bitcoin was invented it has outperformed every other asset class. We have a decent sized portfolio - top 5% net worth - and have 25% in Bitcoin. Wish it had been more. To all the people with the dismissive comments - do you realize Bitcoin is larger than all but a couple companies at this point? It is a $2.3 trillion asset that is heavily invested in by asset managers such as BlackRock. This is a serious asset. We continue to dollar-cost average, as there is significant wind in the sails.

You are confusing valuation with value.

I don't think so. A currency that cannot be devalued has enormous value, as its success demonstrates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:From pretty much any timeframe since Bitcoin was invented it has outperformed every other asset class. We have a decent sized portfolio - top 5% net worth - and have 25% in Bitcoin. Wish it had been more. To all the people with the dismissive comments - do you realize Bitcoin is larger than all but a couple companies at this point? It is a $2.3 trillion asset that is heavily invested in by asset managers such as BlackRock. This is a serious asset. We continue to dollar-cost average, as there is significant wind in the sails.

You are confusing valuation with value.

And yet you invest in stocks at current valuations!

[Anonymous]

Rick Edelman is a clown. Fifteen years ago he said that mutual funds were dinosaurs and that they would be gone in ten years. He has also stated that vanguard was hiding fees of 1.4% per year. He's just over the top when it comes to promoting himself and his firm. I'm about as interested in crypto as I am his "financial engines."

[Anonymous]

I'm not a fan of Ric Edelman. He did have a successful radio show and asset management firm that he sold. And now he is invested in crypto and works in that industry. So he is bullish on crypto.

I have a $4.6 mil portfolio with little crypto exposure in ETFs. I'm looking to increase that exposure. Institutions are becoming more active in the crypto space and it appears that crypto is gaining credibility. It is another asset class that one needs to be aware of. Having a 5-10% stake in crypto doesn't seem out of order.

[Anonymous]

Anonymous wrote:He recommends 10 to 40%, not 40%. He published a white paper last month explaining why. Perhaps read it before showing ignorance by repeating tired cliches about tulips and money laundering. Bitcoin is a serious asset. Ray Dalio also recommends holding a significant percentage of net worth as a hedge against inflation. And Larry Fink. These are some of the most successful investors in history. It is not a scam. Yes, a lot of - even most - cryptocurrencies are scams, much like penny stocks. But Bitcoin is a completely different beast - more like Exxon or JPM or Apple in terms of value, but decentralized and with capped issuance. Learn the difference.

Plenty of smart money invested in CDOs and were left holding the bag.

[Anonymous]

Anonymous wrote:

Anonymous wrote:He recommends 10 to 40%, not 40%. He published a white paper last month explaining why. Perhaps read it before showing ignorance by repeating tired cliches about tulips and money laundering. Bitcoin is a serious asset. Ray Dalio also recommends holding a significant percentage of net worth as a hedge against inflation. And Larry Fink. These are some of the most successful investors in history. It is not a scam. Yes, a lot of - even most - cryptocurrencies are scams, much like penny stocks. But Bitcoin is a completely different beast - more like Exxon or JPM or Apple in terms of value, but decentralized and with capped issuance. Learn the difference.

Plenty of smart money invested in CDOs and were left holding the bag.

Were they? Or were they bailed out at taxpayer expense?

[Anonymous]

I still do not understand what happens to all of this crypto once quantum computing becomes available, which will happen by 2040. Quantum will rip blockchain up like nothing and it can solve all of thesth problems to mine bitcoin like it is nothing. All encryption will be essentially worthless once quantum hits the scene.

[Anonymous]

Anonymous wrote:I still do not understand what happens to all of this crypto once quantum computing becomes available, which will happen by 2040. Quantum will rip blockchain up like nothing and it can solve all of thesth problems to mine bitcoin like it is nothing. All encryption will be essentially worthless once quantum hits the scene.

Hedera.

[Anonymous]

Anonymous wrote:I still do not understand what happens to all of this crypto once quantum computing becomes available, which will happen by 2040. Quantum will rip blockchain up like nothing and it can solve all of thesth problems to mine bitcoin like it is nothing. All encryption will be essentially worthless once quantum hits the scene.

Or people wake up and figure out it’s the biggest Ponzi scheme ever. It’s a huge man-made math problem, the solutions to which a group of people decided have some value, even though there is no connection to the physical world, nor sponsored by a government. I would never “invest” a dime in it.

[Anonymous]

Anonymous wrote:Flim-flam artist who is overinvested in crypto advises you to do so as well, so he can get out at a profit.

This.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Flim-flam artist who is overinvested in crypto advises you to do so as well, so he can get out at a profit.

This.

Don't listen to him, but do buy some crypto. It will continue to go up for a long time. If your god doesn't allow it, fine, but no other reason to stay out if you want to make money.
Didn't even know he was alive. Suze can go away too and take Ramsey with her.