Left to chance, your planning will simply crash and burn..
Most people hold their wealth in property and cash, or in Investment Funds, Shares, Bonds, Commodities, Forex and latterly, Bitcoin
Seems the secret of truly wealthy clients is they understand money, and how they can make more from it. Each has accrued more money from their investments, than from being paid for their work
Everyone’s familiar with property as an asset class and, over the last two decades, a lot of people became ‘experts’. There’s nothing quite like a rampant bull market in an asset class to make anyone feel like a genius.!
Then there are asset classes which few really understand, Bitcoin (or bitcon?) is one of those
Bitcoin started on January 3rd 2009, when Satoshi Nakamoto mined the first blockchain, known as the Genesis Block
It maintained a low profile until 22nd May 2010, when Laszlo Hanyecz, a software developer from Florid
a, purchased two pizzas from Papa John’s for 10,000 Bitcoins. At the time, that was about $40 USD
The first Bitcoin ‘halving’ happened on November 28th 2012 making Bitcoin worth $12 each. The latest was 19th April 2024. Today, each Bitcoin is worth $60,304 – valuing those two slices of pizza at $603 million!
As Andrew Craig wrote ‘vast numbers of people have invested in Bitcoin for the worst reason of all – because it’s going up, and they see other people making money’. It’s the ‘madness of crowds’
Whatever your wealth, however you own it, nobody started out to create their lifetime’s work for the taxman to become their main beneficiary when they die, but that’s the default position without planning
There’s obvious value in working with one of our Chartered Tax Advisors to review your tax-efficiency
Book your FREE Power Hour review here
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