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Bitcoin’s role in portfolios is evolving, and it could be considered a complementary diversifier. We believe a modest allocation (typically ~1–2%) could impact return potential in a portfolio while maintaining appropriate risk tolerance. Hear more from Michael Gates on how bitcoin’s unique properties may complement traditional portfolios ⏩ #FinancialAdvisors# #Cryptocurrency# #Bitcoin#
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Financial advisors putting your money in an index fund for you
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Jaylen Brown says he used the NBA Players Association instead of hiring an agent for the NBA Draft because they're paid to help players “When I entered the draft, I didn't have an agent. I'm probably the highest picked selected ever that didn't enter with an agent. When I was evaluating, I went through the whole process and sat with a bunch of people, and what they was offering I ain't really need. It was kind of already slotted, so I leaned on the union a lot more” “A lot of the agents came and was like, ‘Yeah, we'll move you to L.A. We'll get you a trainer, put some money in your pocket,’ and I was like, ‘For what? Do I gotta give the money back?’ They was like, ‘Nah, but standard agent fee is 4%.’ I'm starting to do the math, and a house, car, and all that, whatever he was offering, is a lot less than what 4% would have been” “Long story short, the math wasn't mathing for me. I ended up being the third pick. I think because I came in like that, a lot of people, I think it was the agents, they tried to slander my name a little bit, put it in the media that he's too this, he's too that. Ended up backfiring. It all worked out in the end” “With the union, we pay dues. All the players in the NBA pay dues. We all pay like $10,000 out of our salary that goes to hiring lawyers, hiring staff, CEO, everything that you need to lead a company that works for us. So all of that is our resources that we all pay for, that we agree to. Once I learned that, I just started using it” “I'm talking about you can get private investigations done. They give referrals for financial advisors. All type of stuff. Foundation wise, health insurance, whatever you need. They have a liaison that's paid to make sure that you get it done. So I put it on their desk like, ‘I need you to get this done.’ And they do because that's their job”
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I AM NOT A FINANCIAl ADVISOR My attorney has sent a “Cease and Decist” notice to someone or group who is using my name to state investments I recommend. Please be aware I will always share with you what I am investing in and why. I do not recommend anyone invest in what I am investing in. Again, I am not a financial advisor. I apologize if this is causing confusion and thank you for following my X posts. I will be more careful of the words I use. To be clear….i invest in gold, silver, Ethereum, Bitcoin, oil and cattle. I have done so for years. I did not have a 401k or IRA and I do not invest in publicly traded stocks or bonds. I will always disclose what and why I invest in but do not recommend you do what I do. What you do is up to you and your financial advisors. Take care and thank you for following my posts.
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