Helping Clients to Manage & Grow Their Wealth | Wealth Advisor to Expats & Investors | Host of "Getting Real with Simon"
“I'm going all in on Bitcoin,” he said, “I’m retiring early.” Last year, a client walked into my office with the confidence of a guy who just watched one too many crypto TikToks. Fast forward. Bitcoin hits $100K… and he’s still not retiring. Why? Because while his crypto soared, the rest of his portfolio hit rock bottom. Turns out, betting everything on a single shiny object isn’t a strategy—it’s a gamble. Look, I get it. Bitcoin’s is the new kid in town and he's popular. A steady 10% annual return? Not so much. But guess what? One of those builds real wealth. The other keeps you glued to price charts at 3 a.m., wondering if you should’ve just bought an index fund. Simon Says: Investing isn’t about getting lucky—it’s about staying smart. You don’t need a jackpot to win! You need a plan that doesn’t break...when the hype does.
How do you go “All in” and then say “the rest of his portfolio” story isn’t adding up
You know why he is not retiring? Because you woke up.
Bitcoin’s not that new 🫠
Do you see this client in the room with you right now?
What the heck are you talking about. First your story doesn’t add up and crypto Degens don’t even watch TikToks lol. Crypto is something else if you understand it and not some good luck stuff.
More like lack of understanding assets.
This may be one of the few times that taking a risk and investing a little bitcoin would have been worth it.
I notice that the really wealthy aren't buying, what does that tell you? Avoid.
Good luck with this type of “client”… You will have a lot of hand holding all the time to keep him from rushing into each and every fad he will spot on TikTok… 🤣 Clearly his objectives are difficult to match: “getting rich quickly “… Shouldn’t you just drop him? 🤔
I design things, mainly houses, and I know a few things about marketing & selling to architects.
1dHe must not have gone all in or there wouldn’t be a “rest of his portfolio.” Bitcoin is the best performing asset in the last 10 years and it’s not even close.