2018-10-30 Hour 2 Host Ernest Hancock and guest Tim Picciott
Tim Picciott (Crypto Self Direct; The Liberty Advisor) In Studio on Bitcoin Investing; DOW plunge; Bear Market
Declare Your Independence with Ernest Hancock Radio Show: https://www.freedomsphoenix.com/Program-Page.htm?No=1
Tim Picciott - The Liberty Advisor
The Libertarian Advisor is a: Wealth Advisor with his CFP®, Entrepreneur, IRONMAN® Triathlete, Recognized Hero and Libertarian who wants to make America a better place for his daughters.
Webpages:
http://www.thelibertyadvisor.com/declare
http://libertarianadvisor.com/ (The Liberty Advisor)
https://www.facebook.com/thelibertarianadvisor/ (The Liberty Advisor)
https://twitter.com/libertariAnDVSR
https://www.youtube.com/channel/UCJVticTVQF_pEw9kJfskmIQ(The Libertarian Advisor)
http://cryptowealthadvisor.com/
Tim's previous interviews on the Declare Your Independence with Ernest Hancock Radio Show:
https://www.freedomsphoenix.com/Guest-Page.htm?No=01384
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CRYPTO WEALTH ADVISORS, LLC
CRYPTO IRA'S – Legacy Planning – Wealth management
http://cryptowealthadvisor.com/
Wealth management
We are a full service fee only wealth management firm built around our clients success. As a fiduciary wealth management firm, we are obligated to put your interest ahead of our own. We go and above and beyond to make sure our clients are on track to hit their goals. We have many planning packages to choose from and as a fee-only firm we don't actually have to manage your assets to get compensated. Speak with an advisor today to get started. We also offer traditional investments as well (Stocks, Bonds, ETF's, Roth IRA's, IRA's, ETC).
Services offered:
Fee only wealth managementAdvanced Estate planningRetirement planning
Self Directed IRA'sSeparate managed accountsRobo Solutions
Self Directed IRA's
We offer self-directed Ira solutions where you can either pay a flat fee and have 100% control of your retirement or we can bundle your traditional investments alongside your crypto's as the first fiduciaries in this space. Read our White paper to learn more.
Hypothetical scenario's:
Assumptions: An investor purchased $100,000 of bitcoin January 1st 2017 at $1000 per coin. On January 1st 2018 the value of Bitcoin was $13,791. 25% withheld for taxes and 10% penalty. CSD fee taken into consideration. Custodial or potential AUM fee was not.
"Cash Out" 401(k): $896,415
Roth IRA conversion using Crypto Self Direct: $979,175
IRA Rollover using Crypto Self Direct: $1,323,950
Past performance is not indication of future returns. There are numerous risks to consider when deciding to invest into crypto currencies. To review assumptions used and risks to consider please check out our white paper.
Crypto Estate Planning & Investments
Are you're a bitcoin or crypto early adopter?
Would you like to know the tips and tricks the ultra elite use to create their own long lasting legacies?
Let's face it, no one just wants to give away their money. But everyone would want to become a philanthropist if doing could be more financial beneficial to your family than not doing so.
According to Judge Leonard Hand "There are two forms of taxation in this country, One for the informed and one for the uninformed" Are you ready to become informed?
Read the white paper and then schedule a call to learn more and to be added to the wait list.
Contact
480-420-4659
+1 916-875-2235
Thinking of cashing out your 401(K) or IRA to buy crypto? Don't until you read our crypto investor guide.
You will also gain access Tim's 15 minute TDV Investment Summit Presentation and 60 minute Blockchain banker seminar where he goes over these strategies in much greater detail. You won't want to miss this information.
WHY WOULD ANYONE WANT TO BUY CRYPTO USING THEIR IRA?
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Topics Discussed...
Since the last time I was on which was only earlier this month on October 4th
No bull: More than two-thirds of the S&P 500's individual stocks are now either in a "correction" or a bear market.
More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, to a recent analysis from Reuters. Within that group around 180 stocks are now in bear market territory, with their shares having lost more than 20 percent of their value since hitting their 52-week high.
A bear market is one where stock prices decline at least 20 percent from their recent peak. A correction is when shares drop at least 10 percent from their recent highs. Shares on Thursday opened higher, regaining some of the ground lost earlier this week.
https://www.cbsnews.com/news/the-hidden-bear-market-a-majority-of-s-p-500-stocks-are-in-correction/
I. Intro Solutions but Segway into "THE WHY" –
a. Your show starts with the mantra we are not afraid and often times you then follow it up with But I am relatively concerned. Now is one of those time s to be relatively concerned but you don't have to be afraid.
i. You can be afraid for others who don't do anything to protect themselves or society as a whole but if you've lived below your means, have some assets there are things you can be doing now
II. The Why
a. I do not want to sound like a salesman but your audience probably knows me pretty well. I think I've been on the show nearly 40 times but not all of those times have been about finance and not all of them I was pleading with people to take action.
i. Two of those times I pleaded and passisonately made the case were the October 4th show and the show we had on the 25th of january
ii. Can donna put the show from: January 25th, Oct 4th, and the client video podcast I came out with on Oct 4th and the latest video podcast?
ii. Jan 25th warned the worst thing you can do is be in long term bonds or short the vix
Vix blew up 2 weeks later down over 90% funds lost all their money and I know someone this happened to
Long term Bond funds – vanguards index down close to 6% YTD and people supposedly run to bonds for safety
iv. Oct 4th - We stressed time is running out
DOW
Nasdaq
FANG all clobbered.
Russel 2000
b. Retirement Risks
i. Sequence of return. Come back from break with 2 min clip
ii. Inflation Risk
iii. Deflation
iv. Withdrawal rate
v. Market Risk
- Within market risk there are a ton of data points to consider and usually we spend all of our time looking at data points
vi. Longevity Risk
vii. Geo Political Risk
III. So what portfolio's do most people have
a. 60 / 40
b. Move all to cash or bonds
i. Will you have the guts to put it back in when everyone is in a panic
ii. What if the FED , ECB, BOJ or the tooth fairy prints trillions and market goes through the roof
c. All Stocks
d. All Crypto
e. All Gold
IV. If you have a 60 / 40. Crpyto could actually decrease volatility according to Tom Lee
a. 60 stock / 40 annuity far outperform but just like there are a lot of crap alt coins tons of crappy annuities. I can give you my opinion tell Ernies son in law how to craft a plan and we can share on that revenue
b. 100 % stock but hedged.
c. All of this is better with a plan
d. Get out of bonds. You are in a ten yr bond better plan on staying with it 4 ten years and you can live off the principle. You've got to have a plan
Shifting Gears
Traditional markets:
Trump Effect He would make things better and the bubble bigger but it was that success that would cause the FED to lose the pretense of not being able to raise rates and the rates going up would be the pin to pop the bubble.
Of course we all know he isn't a Austrian economists and his own mouth touting the best economy ever is partially to blame in the misplaced optimism. When you have Alex jones basically having an erection on air up until mid October about how great things are that is the contrarian indicator you need.
Could be wrong. Could keep going higher and in our strategy you benefit. Not to throw too much shade as the kids call at Peter Schiff . I've probably listened to all of his podcasts but his strategy can crucify your sequence of return risk. If you are retired or close to retirement his strategy is a big gamble. My strategy involves us benefiting when the market goes higher and having downside protection in the form of options that we manage to protect the downside.
If you are sitting in cash or in bonds. DO NOT GO BROKE SAFELY
Take a look at what central banks were doing vs what they are doing now.
Liquidty coming to an end
Click here for the show's archive page (for graphics, etc...): https://www.freedomsphoenix.com/Media/250256-2018-10-30-10-30-18-tim-picciott-dr-phranq-tamburri-nmd-trump.htm
Videos:
Sequence of Return Risk: http://www.thelibertyadvisor.com/sequence-of-return-risk/
46 second mark-2:38
Tim Predicts Volocaust day before global stock market high on DYI with Ernest Hancock
39:48- 40:03 https://libertarianadvisor.podbean.com/e/01-25-18-declare-your-independence-with-ernest-hancock-and-tim-picciott/
Client Video Podcast I want to promote
EP 36. The Liberty Advisor gives his contrarian case for stock market going down…. 2 days before dow starts to decline
www.thelibertyadvisor.com/declare TDV and blockchain presentation
▶️ DTube
▶️ IPFS