Ask Ric: Why do you talk about crypto so much?
Because Blockchain and Digital Assets Represent the Most Profound Innovation in Global Commerce of a Lifetime.
Ric Edelman: You're listening to The Truth About Your Future. I got an email. I get a lot of emails. You can email me, you know, AskRick@thetruthAYF.com. Anyway, Terry sent me an email and here's what he wrote: "Ric, No one can argue with your success as a businessperson after all the trust your clients have placed with you over the years. I have to say that leveraging that history to promote cryptocurrencies does not seem like the best use of your success."
Well, Terry, thanks for your email. Why am I talking about crypto? Well, let me ask you this. If you don't think crypto matters as part of your investment strategy, what do you believe matters to your investment strategy? You know, I'm willing to believe that you believe in long-term investing. I'm also willing to bet that you believe in diversification, and I'll bet you also believe in rebalancing. And also, I bet you believe in dollar cost averaging, which is occasionally, periodically systematically investing on a consistent basis over periods of time, such as a 401(k) where you're investing a little bit of money with every paycheck. Or you're voluntarily adding to your account maybe $1,000 a month or $25 a week or what have you. Dollar cost averaging, very effective strategy, right? So, I bet you believe in all of that. I'll bet you're implementing all of that with your investment strategy, long-term diversification, rebalancing and dollar cost averaging. Well, let me ask you this. Where did you get those ideas? I'm the one who taught you that. I'm the one who advocated and articulated all of that for the past 35 years. And now I'm teaching you about crypto. You were willing to listen to me before. Please listen to me now.
A significant wealth-building opportunity
Blockchain and digital assets represent the most profound innovation in global commerce of a lifetime. The biggest deal since the invention of the Internet itself 30 years ago. We need to recognize the incredible investment opportunities, the wealth building opportunities that this offers you. Why would I walk away from Edelman Financial Engines - the company that Jean and I founded 37 years ago? Built it to becoming the largest, most successful, most highly acclaimed investment management and financial planning firm in history, managing over $300 billion in assets for more than 1.4 million households across the country. Why would I walk away from that if I wasn't so fully committed to the fact that I believe I can help you create wealth better by focusing on crypto than by emphasizing any other single investment strategy? I know this is new. I know it has nothing in common with anything you ever done or experienced before. That's why I'm sharing the info with you, because virtually nobody else is. So, before you conclude that I'm wasting my time talking about crypto, that it isn't worthy of my time to help you understand the subject of crypto, I ask you for one indulgence. Read my new book, The Truth About Crypto. And then let's have a conversation for you to tell me whether or not I'm wasting my time helping you learn. Let's focus on your financial security by learning about crypto. Go to TheTruthAYF.com. That's short for The Truth About Your Future.
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