🚀 Embarking on a new journey in the Twitterverse! As an ex-HSBC risk expert and a passionate advocate for finance-innovation synergy, I'm excited to share insights, foster discussions, and connect with fellow thinkers.
#FinanceInnovation
#StartupMindset
@Bloomberg
: the golden age of free & fast delivery is drawing to a close. Major eCom players are scaling back, with distribution centers closing & new openings paused.
#eCommerceUpdate
#DeliveryChange
@Budgetdog_
Whether $5,000,000 is enough to retire on is a complex question that depends on various factors, such as the individual's lifestyle, location, and investment strategies. A general rule of thumb for a safe withdrawal rate is the 4% rule, which suggests that one can typically
@anothercohen
OpenAI's journey to a trillion is like watching history being written in real-time. Here's to the pioneers turning science fiction into our daily reality. May our tweets one day be studied as the early chronicles of an AI-driven era.
@Liathetrader
@TheDividendDog
Ah, the $120K dividend dream!
If dividend yields average 4%, you're looking at a cool $3M in stocks. Remember, the market's more roller coaster than merry-go-round—yields vary, so does risk. Keep your portfolio diverse and your expectations grounded.
Why every multimillionaire not using a family office is missing out! 🔑
Why should every wealthy person consider a Family Office and what should they focus on?
Read this thread where I answer these questions:
@LuciaPacioli
Accounting might not be 'cool' in the high school sense, but it's the language of business. Without it, companies would be flying blind. Think of it as being the backstage rockstar who keeps the show running smoothly. You might not be in the spotlight, but you're the reason it
The evolution of family offices is a fascinating journey. Did you know 68% of family offices were founded post-2000, and 35% since 2010? This rapid growth signals a shift in wealth management and family legacy planning.
#FamilyOffice
#WealthManagement
Investing in European startups?
Consider these key factors to identify the truly best opportunities in the region.
Spoiler: the project itself is not the only thing to consider.
#Investment
#Startups
#Europe
Ever wished you could defer taxes indefinitely on real estate profits? Say hello to Mr1031, aka the 1031 exchange, a powerful tool in the tax-saving arsenal for savvy investors from US.
#1031Exchange
#RealEstateInvesting
@aribk24
People have different priorities and responsibilities. Not everyone can respond immediately, and that's okay. Respecting others' time and understanding their commitments is crucial. Quick replies don’t always reflect their value or success. Patience and empathy are key to healthy
The latest
@PitchBook
-
@nvca
Venture Monitor brings to light the tumultuous journey of Venture Capital in 2023. Despite a stark decrease in capital investment from the previous year, there's an unexpected twist in the tale.
#VC
#InvestmentTrends
Let's talk about a real estate investment trust (REIT) that's been quietly crushing it: IRM. Over the past 5 years, its growth has been nothing short of spectacular.
#REITs
#IRM
In the evolving investment landscape, a new trend is making waves - Dividend Startups. This shift, where startups offer future profits in exchange for funding, represents a strategic pivot in the entrepreneurial world. Read the thread with my thoughts on this topic.
Just booked my ticket for the
@AIM_Summit
The speaker lineup is lit:
@nntaleb
,
@TimDraper
,
@ojblanchard1
Perfect for a deep dive into what’s new and what's working.
Can't wait to hit up the summit.
Who else is in? Let's link up!
@VersanAljarrah
Optimistic. While XRP aims to soar independently, we'll keep our ledger diversified. Wouldn't want to put all our crypto eggs in one basket, even if it's a $1.6 trillion one.
@lindsaystamp3
Absolutely
@lindsaystamp3
Maxing out your Roth IRA contributions is a fantastic strategy for long-term wealth building. The power of compounding interest over time cannot be overstated. Keep up the great work and watch your tax-free nest egg grow!
#FinancialFreedom
#RothIRA
But here's a twist: The gross tax gap is estimated at $688 billion! The number of tax examinations is down, potentially expanding the tax gap. Are we missing out on closing this gap? 🤔💭
#TaxGap
#IRSExamination
@DylanLeClair_
In the world of crypto, it seems the only curve that's steeper than the IQ bell curve is the learning curve. Here's to not "midcurving" the future.
As you know, I manage a Family Office. It's no secret. And I've caught myself talking about taxes, about trusts, but not sharing the basic information. So, below is a thread on why people with assets of several million euros MUST consider a family office for asset management.
@DecadeInvestor
Good. What dividend yield are you targeting to achieve this goal, and how much capital do you plan to invest to reach $120,000 per year in dividend income?
I'm looking at startup investment data on
@crunchbasenews
It's interesting!
Startup funding saw mixed results in Q1 2024. Overall, it was the second-worst quarter since 2018. However, some sectors like AI, healthcare, and energy received significant investments.
Managing the capitals of some of my clients from different regions and communicating with colleagues from various countries have made me think about the differences between Europe and America for running a Family Office.
In this topic, we will explore the nuances, advantages,
Setting up a family office as a solo endeavor?
It's a journey of financial savvy and strategic planning. From choosing the right advisors to streamlining operations, I'll be sharing key insights on creating an efficient family office.
Stay tuned!
#FamilyOffice
#WealthManagement
@SteveWagsInvest
Absolutely,
@SteveWagsInvest
! Reminds me of
@WarrenBuffett
's sage advice: "Be fearful when others are greedy, and greedy when others are fearful." History has shown us time and again that market downturns can present unique opportunities for those with the vision to see beyond
The rise of deepfakes poses significant risks for advisors, per recent reports. When I worked on my KYC startup, deepfake prevention was a key focus. Now, I see the threat materializing as a real risk for advisors.
Private equity is a game-changer for high-net-worth individuals, offering unique opportunities for significant returns. Given its potential and inherent risks, it’s crucial to understand how to navigate this landscape effectively. Let’s dive into why private equity might be right
I sold my first startup in 2020 for a life changing amount
Since then, I've talked to countless other founders who have gone down the same path
Here is a thread of my best advice for startup founders on how to navigate the process of selling your company:
Freelancers, rejoice! SEP IRA, Solo 401(k), and SIMPLE IRA are designed for you. They offer higher contribution limits and tax advantages tailored to self-employment.
Even Mr1031 has an end.
When you pass, your heirs get a step-up in basis on the property, potentially erasing all those deferred gains.
#LegacyPlanning
@SteveWagsInvest
Let's be honest, the old wolf is stating the obvious.
But if so many people don't follow them, then why not repeat them over and over again?
@Vivek_Investor
The biggest lesson from the 2020 market crash to now has been the importance of resilience and adaptability. As a family office manager, it's been crucial to maintain a long-term perspective, diversifying investments not just across asset classes but also considering
Invest in your values.
Ethical investments not only reflect your personal principles but can also drive long-term sustainability and profits.
Consider impact investing.
Today, I want to share my thoughts on the current state of European Family Offices. These insights are based on my discussions with colleagues, reading private chats, and reports. So, here is what you might find interesting about European🇪🇺 Family Offices.
Read this thread:
The IRS collected a record $4.9 trillion in tax revenue in FY 2022! 🤑💰 A whopping $790 billion more than in FY 2021. Let's dive into what this means for the US economy and tax enforcement. 🧐👇
#IRSCollection
#TaxNews
Imagine a strategy that not only secures your children's educational future but also strengthens your family's financial foundation. Enter the dynamic duo: 529 Plans & Family Limited Partnerships (FLPs).
Let's dive in!
#WealthManagement
@Cranky_CPA
Accounting is the GPS of business, navigating through the financial fog. A skilled CPA doesn't just crunch numbers; they reveal the story behind them, highlighting areas for growth and caution. Good accounting illuminates the path to wise decisions and fiscal health.
#Accounting
Our family office also has such success stories. For example, I invested in several tech startups. In the first case, after 7 years, the company was acquired, allowing us to get a 5x return on our investment. In the second case, during the next round of funding, shareholders’
Offered by many employers, these accounts are retirement powerhouses. 401(k) contributions are pre-tax, reducing your taxable income. Roth 401(k)? Post-tax contributions but tax-free withdrawals.
Don't let traditional constraints hold your assets back. Currently, my team and I are developing a digital platform that will offer you all the capabilities of a traditional family office, but on a larger scale and with guarantees of the best results.
Stay tuned, and I will keep
Exploring the success of LRMR,
@KingJames
LeBron James' family office: A case study in strategic wealth management and diversified investments.
#FamilyOffice
#LeBronJames
Berkshire sticks to its principles and steadfastly ignores assets related to cryptocurrency and AI. This may seem unwise, given the rapid growth of both. But one of Buffett’s rules is to invest only in companies whose business models he understands.
@WorkLifePlus
I am now planning to create a product that would systematize what is applicable for the majority and allow to get the most needed in an optimal form. We'll see how it goes with this, but I'll try to make my Twitter interesting.
🚗💨 Flashback to 2011: Elon Musk laughing off a question about BYD, China's electric car maker. "I don't think they have a good product," he said. 🤔 But who's laughing now?
#ElonMusk
#Tesla
#BYD
#ElectricCars
@anothercohen
Setbacks pave the way for comebacks,
@anothercohen
Your honesty and resilience shine through. This experience will undoubtedly lead to new opportunities that benefit from your unique perspective and newfound wisdom. Onward and upward!
Besides American companies, whose shares make up more than 85% of his portfolio, Buffett believes in Japanese conglomerates. Back in 2020, Berkshire acquired stakes in Mitsubishi, Mitsui, and Itochu, which are highly diversified and trade a wide range of products. Buffett also
LRMR's success is rooted in a deep understanding of brand value, strategic partnerships, and long-term vision. LeBron's journey from sports icon to business mogul is a masterclass in wealth creation and management.
#BrandValue
#StrategicPartnerships
@SteveWagsInvest
Start by investing in your financial education before your money. Understand the risk, learn the difference between value and price, and remember: Time in the market beats timing the market. Diversify thoughtfully, stay patient, and review your portfolio regularly.
Raiffeisen Bank International, Unicredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo, and OTP continue to operate in Russia and paid over 800,000,000 euros in taxes to Russia in 2023 😒
Enjoying the snowy beauty of my homeland with some amazing investors. Brace yourselves for a bit of spam as we share moments from our winter wonderland adventure! ❄️🌟
#InvestorLife
#WinterWonderland
@BrianFeroldi
Diversification is key! Balancing risk with a 3% cap per stock while letting winners run is a smart strategy. Portfolio concentration should naturally reflect your best performers.
@PennyProficient
In the world of investing, 'The Intelligent Investor' by Benjamin Graham stands out as a timeless resource. Graham's philosophy of 'value investing' — protecting oneself from substantial error and teaching oneself to 'develop long-term strategies' — has made it an indispensable
4️⃣ Governance and Succession Planning: It's never too early to think about governance structures and succession plans. Clear guidelines ensure that your family office's vision and purpose are preserved over time.
#SuccessionPlanning
@DecadeInvestor
Tyler should aim to spend no more than 10-15% of his monthly income on a car payment, which is $500-$750, to maintain financial balance.
Three pillars that support crypto:
1. Anonymity (please verify by nodding your head against the background of the first page of your passport)
2. Decentralization (we are stopping service to citizens of your country)
3. Security (your account with money has been blocked)
What's your take on IRM?
Are you in for the long haul, or are you diversifying your portfolio with other hidden gems? Drop your thoughts below!
#InvestorTalk
#WealthBuilding
Also, consider integrated platforms. As we move forward, platforms that combine newsletters with other forms of engagement (webinars, forums, interactive content) will likely gain traction.
#IntegratedPlatforms
MrBeast spends between 3 to 5 million dollars on the production of each of his videos. This is roughly the same amount that was spent on filming a single episode of "Game of Thrones." 🤷🏽♂️
@SteveWagsInvest
Absolutely right, Steve! A disciplined approach beats FOMO any day. Wise investing involves thorough research and a clear strategy, not just chasing the next big thing.
@BusinessFamous
@FiSavvy
While building wealth is a common goal, let's also remember to invest in relationships, personal growth, and giving back. The true measure of success isn't just in the balance sheet, but in the well-being of our families and communities.
#WealthBeyondMoney
🌟 But, exceptions exist! I believe bands like the Beatles will remain popular even in 50 years. What's your take on this? Who do you think will stand the test of time?
#BeatlesForever
#MusicDiscussion
@contractorkeith
Ah, the classic builder's conundrum, Keith! My day-to-day? Helping clients like you hedge those risks. Think of it as building a financial foundation as strong as the homes you construct.
Thinking of retirement? A 1031 can be part of your strategy, allowing you to transition into properties that require less management or generate more income.
#RetirementPlanning
@AnthonyGaenzle
Absolutely not.
I have been using Premium for more than half a year. Yes, the blue checkmark definitely attracts followers. But it doesn't stimulate discussions.
Actually, I really wanted to try Grok.
I'm afraid it wasn't worth it.
I hope Elon misses this tweet.
@Invested_In_You
Start with understanding her goals and risk tolerance. Teach her the importance of diversification to manage risk, the power of compounding, and creating a long-term financial plan.
🤠 Exciting times ahead! This February, I'll be attending the Private Wealth Texas Forum 2024 in Dallas - a hotspot for the latest in wealth management.
VCs are raising capital too.
Over €15bn of fresh capital has been raised by Europe's VCs so far this year — the most since H1 2022.
This influx is vital for sustaining the startup ecosystem.
#StartupFunding
#VC
#EuropeanStartups
#TechTrends
Imagine enjoying your retirement in US, not worrying about money. It's possible! The secret? Smart retirement planning. Let's dive into the world of retirement accounts.
#Retirement
🔍 A solo family office is more than a financial tool, it's a legacy-building endeavor. Interested in more detailed insights or have specific questions? I'm here to help guide you through this journey.
#FamilyOfficeManagement
🌟 The SaaS model is evolving. We're transitioning from Software as a Service (SaaS) to Software with a Service. This means SaaS companies are not just offering software but also integrating service arms for implementation and customization.
#SaaS
#Innovation
@apyshare
@TheDividendDog
While a rising CPI indicates inflationary pressures, it also reflects a dynamic economy. It's a reminder for investors to review and possibly adjust their strategies, perhaps considering inflation-resistant assets. Smart planning can turn challenges into opportunities.