While we’re usually not crazy about jumping in the cryptocurrency Kool-aid, a new type of crypto just being birthed called Kinesis caught our eye. This emerging crypto is based on gold and silver…so already it sounds a little different, right? To learn more about Kinesis and just how a new cryptocurrency is birthed, we invited CEO of Kinesis, Thomas Coughlin down to the basement to give us the fundamentals. What makes them different? Why launch a new one when so many others already exist? How do you keep your crypto-money from being stolen? We’ll ask these questions and many more today. Some people choose to buy cryptocurrencies through ic markets spreads.
Then, in our headlines segment, Vanguard’s Chief Investment Officer responds to Fidelity’s new no-fee funds. While his answer might not surprise you, how we think this correlates to you and your money just might be a surprise. In our second headline, Wells Fargo has beat back another lawsuit…this one having to do with target date funds.
Of course, we’ll still have time for not only Doug’s trivia, but also to answer a voicemail from John, who wants to know what advice we’d give someone who isn’t sure how to crystalize their long-term goals.
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Show Notes:
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Slack
Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.
Nutrafol
Thanks to Nutrafol for supporting Stacking Benjamins. Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB
<4:07> Headlines
- Vanguard unlikely to respond to Fidelity’s new no-fee funds (Financial-Planning)
- Wells Wins Again in Proprietary TDF Self-Dealing Suit (Napa-Net)
<15:56> Thomas Coughlin
Check out Kinesis for yourself: Kinesis.money
<34:25> Doug’s Trivia
- What year did Satoshi Nakamoto impement the first blockchain?
<40:56> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- John wants to know what Joe and OG did when they had clients who weren’t sure about their long-term future needs.
<47:47> Letters
- Abbey writes in about our recent FIRE movement episode and asks an important question. Should stocking away half of your income and retiring early really be the goal?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
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