#53

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

Welcome Dinny, please tell us a very brief little bit about yourself and your early career up until today and how you got started investing in Bitcoin?

For someone that’s sceptical or doubtful about Bitcoin what would you say to them?

Do you agree that the barrier to entry for Bitcoin although it’s improved allot is still tough for most people? An example of this would be telling someone you have this podcast online but they may not know how to access it via a podcast player well atleast this was the case a few years ago.

I went from being interested in Bitcoin to losing interest and even at one point thinking all crypto was a scam. This has changed for me but what would you say to people with this type of attitude towards it to encourage them to at least get started?

You talk allot about just doing a 4 year apprenticeship where you say start small and begin to accumulate more and more bitcoin and this allows you to learn tell us more about this?

Something that always concerned me was the safety of holding bitcoin. We’ve all heard stories of people losing their passwords and phrases or their computer breaking. How can we safely hold bitcoin?

In terms of exchanges is there an amount you would consider if you go above when it would be the right time to move to a online wallet or a physical hardware wallet? Say for example a 100 Euros/Pounds?

For someone who chooses to ignore Bitcoin Vs someone who owns some or allot, how much are they missing out by not even starting?

If you go down the traditional route at least in UK and Ireland of say Property and Pensions how much slower would it be compared to focusing more on Bitcoin?

Do you think they’ll come a time when we can own real bitcoin (not bitcoin ETF’s or funds) in a tax shelter like a pension or ISA or do you think it will always be an after tax asset?

As crypto is super volatile (which I realise is a positive for an accumulator dollar cost averaging in) even more so than traditional shares/equities how does it work when you are drawing down or in the preservation stage? Would you sell out most of the bitcoin into fiat and leave the rest invested?

Where do you think traditional pensions have gone wrong? Is it the government meddling? The lock up?

Before we close was there anything you can tell us about your company and the services you offer?

Any final messages?

https://bitcoinwithdinny.com

www.bitcoinwithdinny.com | 087 905 21 55 | hello@bitcoinwithdinny.com

#52

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

This podcast features returning guest and legend of the financial indepence world J.L Collins.

1. Firstly, since the last time you were on the show you've released a new book 'Pathfinders' please tell my listeners a little about it and what inspired you to write it?

2. Jumping straight into investments, what are your thoughts on bonds these days? In the UK and no doubt around the world we've experienced allot of inflation and the central banks have responded by increasing interest rates do you still think some percentage of bonds are worth holding particularly during the preservation stage?

3. What are your thoughts on life styling portfolios or as Vanguard calls them target date funds or even the life strategy funds by Vanguard Vs DIY investing?

4. What is your opinion on annuities?

5. Are you still very much a believer of investing exclusively in the USA total market equity or would you consider adding some international equity for further diversification?

6. As a UK investor I am always tempted to buy an S&P 500 fund/ETF as the cost is very low at 0.07% Vs an international all world fund costing 0.22%. The international fund is 3x more expensive but I'm more diversified and the fund is slightly less volatile and returns are very good. How important are fund fees and keeping them as low as possible?

7. How important is diversification in investing?

8. Obviously I realise you can only speak from the US perspective of tax as you are not living in the UK but In the UK are two main tax shelters for investing are our pensions/SIPP's (in US 401k's/IRA's) or a stocks and shares ISA (in US Roth IRA) what is your preferred tax vehicle/shelter in the US and why?

9. Do you have any preferred strategies for drawing down a portfolio in retirement? Examples of this could be switching from accumulation funds to income funds to pay out a dividend quarterly. Timing of withdrawals? Keeping some cash for day to day expenses.

10. One thing I learnt from you is the importance of debt free living yet there are still allot of people out there who want to invest as much as they can before getting their debt cleared. Please explain why it makes so much more sense to get rid of debt before investing?

11. Talking about debt what are your thoughts on home ownership especially now with the high interest rate mortgages available? I call home ownership the main religion of UK and Ireland as it's very hard to stop people thinking of or following the script to buying a home when sometimes it may make more sense to rent. We have sayings like an English mans home is his castle and tons of property shows on the TV.

12. You wrote your blog the stock series to educate your daughter on investing who earlier in life had no real interest in it. There are not many people really into investing most don't even know they are an investor even if it's only through their workplace pension (401K) and couldn't tell you what they are invested in ie the fund. As the time has gone by has you daughter since taken up more of an interest in investing?

13. Any exciting future plans you'd like to share with the audience? Where is the best place my listeners can find you online.

Please check out JL Collins blog/website here: https://jlcollinsnh.com

Books:

The simple path to wealth:

https://amzn.to/4bh2enq

Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them:

https://amzn.to/4brOruD

How I lost money in real estate before it was fashionable - A cautionary tale:

https://amzn.to/3HzI2j1

#51

* This is not phone advice please seek professional advice from a salesperson at your local O2, Vodafone or EE store. Although I personally use GiffGaff Pay As You Go.

My previous phone usage.

The good old days.

People are addicted.

Gaining your time back.

Being happier.

Scheduling time on the computer.

Try to live 7 days without smartphone to start.

Music: Sappheiros - Fragments https://youtu.be/z_BjjubkdBo (Much Respect)

Inspiration: Vishuddha Das https://youtu.be/GczvaLz-cCA (Great Video)