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Jamie
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jpeg81 13 hours ago
Everyone needs to put some money in Bitcoin and hold it there for at least 2 years. Why? You learn that your local currency is designed to rob you and that there is another way. It is a lesson that the school system and banks don’t want to teach you as they benefit.
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jpeg81 yesterday
I filled up my tank yesterday and the attached convenience store had a Bitcoin logo. It was just a Bitcoin ATM, but still pretty cool to see.
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jpeg81 2 days ago
When thinking about asset investment risk, people will come to the realization that Bitcoin is needed. Here’s why: 1. Investment Property: completely illiquid 2. Gold: fees will eat into your return 3. 401k/RRSP: illiquid 4. Roth/TFSA: illiquid 5. Savings Account / GICs: poor return Bitcoin’s biggest risk is volatility. To get around this, slowly stack and the gains will eventually overcome the volatility. At the end, you will have an asset that held its purchasing power and is very liquid. A TFSA is the next best thing in Canada, but it carries counterparty risk as you don’t hold the asset. Gold is third on my list. It just seems like you buy and sell at such a premium.
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jpeg81 2 days ago
Asset stacking is the name of the game for financial freedom. The unpopular truth is that debt plays a big role in this. Take that loan and get stacking! Just make sure the interest is low, you can afford the payment plan and you have an emergency fund to cover expenses for at least 6 months. Eventually, your assets will dwarf your debts. This puts you in a lovely position where you can choose to milk the system longer or pay off the debt with your assets and be debt free.
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jpeg81 1 week ago
Time to do my Sunday chores so I’m loading up on podcasts. My love hate relationship continues with @Fountain. Great app that I thoroughly enjoy using and want to support. But my Nostr integration has been broken since the start. I now can’t boost anyone so I have to switch to boost streaming at a 20% cost due to network fees. Also, they have to offer subscription payments via Lightning. They are leaving money on the table. Help me help you! 😉
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jpeg81 1 week ago
Traditional finance is to have 3 to 6 months of expenses in cash. I think the modern take should be to build 6 months in cash then slowly transition to bitcoin over a few years until you carry only 1 month of cash and the rest in bitcoin. Just sell your bitcoin if you need to and realize you are comparing your gains against yield on cash in the bank not investments.
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jpeg81 1 week ago
Nobody should use stablecoins in Canada. Below is a snippet from The Stablecoin Act. Stablecoin providers cannot legally provide you interest on your holdings and they are forced to provide any information requested to the government. This means no privacy for you and the provider will make at least 3% off your money. image
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jpeg81 1 week ago
Bought some stocks the other day from my brokerage. It now defaults to purchase amount instead of number of shares. That means that most of its users are buying partial shares. This is just another sign of people getting poorer. It is also proof that you don’t own your stocks. You are entitled to the value they represent.
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