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Anthony Pompliano

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
5025 total appearances

Appearances Over Time

Podcast Appearances

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

Well, that's the government.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

Right?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So we know that they're bad at it.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

They basically create a Ponzi scheme where they are paying out the current benefits by taking in new money.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And if they stop taking in new money, they wouldn't have enough money to pay out the benefits.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

In terms of the pensions, it sounds like on one hand, they did have a dedicated professional team to do it.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

But what you're saying is they owed the money regardless of whether they were good at investing or not.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And so companies really just saw that as quote unquote risk.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And that's where they created this idea of like, well, rather than give it to the company, why don't you just keep the money?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

It's on you.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

Yep.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

On one hand, I kind of like that.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

I'm like, hey, and it's personal responsibility.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

On the other hand, how many people like personal responsibility and actually benefit?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

What are the other things that you see people doing?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So there's this whole idea of leveraging and taking responsibility, which isn't like some alpha generating, hey, go buy this stock, go do this certain strategy, but it's just like the money is sitting there, pay attention, which actually is pretty important.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And how does that work, a solo K?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And when people are doing this, how much of these wealthy clients are they putting, you know, 100% in the Bitcoin versus you see them say, OK, hey, I want, you know, 5, 10% Bitcoin.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

I want some stocks.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

I want kind of different assets like to talk through, you know, kind of the asset allocation.