Nostr Web Client

Why Financial Planners are fiat charlatans and you should eliminate them from your life if you’re a Bitcoiner:

There are only 3 choices to make if you have savings:

1. Hold on cash and pray you don’t get heavily debased or confiscated.

2. Go all-in on debt and YOLO and pay back pennies on the dollar. This is the current Cantilonairre strategy and it’s not bad if you’re a Nihilist and know you’ll stay one forever.

3. Go all-in on Bitcoin and protect your savings from debasement and confiscation.

The only allocation choice is between 1 & 3 or all in #2. You don’t need a planner to do this for you.

The mere suggestion that another can do this for you makes them liars and frauds. If you can’t do your own financial planning under these scenarios, you may as well enjoy life and go with #2 but not pay 2% or more for the privilege.

Reply to this note

Please Login to reply.

Discussion

noKYC ⚡︎ 2y ago

🎯

nobody 2y ago

Well, does the financial planner have at least 6.25 BitcoinS?

Phundamentals 2y ago

Those are the ones you have to beware the most - especially if they convince you they know what the right “bitcoin allocation” is for you.

They just want your Bitcoin with no accountability for what happens to you.

nobody 2y ago

I have half a bitcoin, and I tell anyone I talk with how to care for themself in this.

4x this has been stolen from me by people claiming ro be Bitcoin devss.

So I’ll keep doing what I think is ethical.

Phundamentals 2y ago

Do you charge for your service and write books making people think your career is necessary?

Or are you just a guy who likes to tell others what to do.

nobody 2y ago

Beleive it or not, some people deserve to be compensated for their work.

I am not a financial planner.

The reality of the current fiat system is like trying to build a house with a broken measuring tape. Ofxourse people go looking for advice. Is it wrong to help people in that situation?

Phundamentals 2y ago

My wrath is exclusively for financial planners. They’re useless. Thought I was clear about that. I don’t care what friends discuss among themselves.

nobody 2y ago

I was an insurance agent until my employer told me I wasn’t allowed to talk with people about Bitcoin. I now work in service for executive benefits for insurance. Financial planner is a very specific designation but seems like a logical next step for me if I can find an employer that understands Bitcoin.

That’s why I’m responding here.

I’n understanding more and more the evils of fiat investments and particularly the FED, but whyh would I not people who are just as confused as I used to be?

Phundamentals 2y ago

Interesting - I work in insurance as well. I touch deferred comp - that’s my exposure to exec benefits. I would never recommend Bktcoin to anyone working with my company - but I’d the ETF gets approved I’ll try to get products made that have Bitcoin cause I’ll be able to hedge it with the ETF.

nobody 2y ago

My employer’s stance was that they don’t sell anything with Bitcoin and I shouldn’t discuss it as they wouldn’t want anyone to buy it and then the price drop. It came up as I was reaching out to someone from NYDIG and I told the compliance guy that person knows more about it than I do.

Good idea to be able to hedge. I’d like to see a vul with Bitcoin as the asset and where the Bitcoin is in q multi-sig where the owner holds majority of the keys.

I’m just in service at the provider for coli plans. It was my rebound after my exit being an qgent. But I was honestly looking at the cfp website last weekend thinking I might go that route, or maybe something else.

Phundamentals 2y ago

By the way - your a baller for getting your company to tell you to stop talking about Bitcoin! If there was a distributor at my company who did that I’d definitely want to meet them.

nobody 2y ago

It was kinda stupid how I did that. I know they monitor my messages on my professional social media acct. That’s the point where I realized I needed to be anonymous and speak freely.

nobody 2y ago

GFY.