Matt Higgins
👤 PersonAppearances Over Time
Podcast Appearances
And so for fun, I was doing this exercise last night. I went to chat GPT and I said, what will be the price of Bitcoin in 15 years based upon the previous rate of return? But let's take the rate of return down to just 5% at the end of the 15 year period. If I were to put $1,000 in every month based upon whatever number you come back, what would that be worth in 15 years?
And so for fun, I was doing this exercise last night. I went to chat GPT and I said, what will be the price of Bitcoin in 15 years based upon the previous rate of return? But let's take the rate of return down to just 5% at the end of the 15 year period. If I were to put $1,000 in every month based upon whatever number you come back, what would that be worth in 15 years?
And so for fun, I was doing this exercise last night. I went to chat GPT and I said, what will be the price of Bitcoin in 15 years based upon the previous rate of return? But let's take the rate of return down to just 5% at the end of the 15 year period. If I were to put $1,000 in every month based upon whatever number you come back, what would that be worth in 15 years?
And the number was like staggering. It was like $9 million. And so dollar cost average simply means investing in regular intervals and not feeling like you got to go all in today. You got to go all into that coin or that idea. And it's how – People like Warren Buffett got rich simply through compounding.
And the number was like staggering. It was like $9 million. And so dollar cost average simply means investing in regular intervals and not feeling like you got to go all in today. You got to go all into that coin or that idea. And it's how – People like Warren Buffett got rich simply through compounding.
And the number was like staggering. It was like $9 million. And so dollar cost average simply means investing in regular intervals and not feeling like you got to go all in today. You got to go all into that coin or that idea. And it's how – People like Warren Buffett got rich simply through compounding.
Dollar cost averaging takes the idea of compounding, which is the more time things have to grow by simple inflation or growth rate, with the idea that you put your investment in at regular intervals so that you don't have to worry about timing the market. I've lost so much money and energy and emotional health by thinking I could time things when in reality, I didn't even need to bother.
Dollar cost averaging takes the idea of compounding, which is the more time things have to grow by simple inflation or growth rate, with the idea that you put your investment in at regular intervals so that you don't have to worry about timing the market. I've lost so much money and energy and emotional health by thinking I could time things when in reality, I didn't even need to bother.
Dollar cost averaging takes the idea of compounding, which is the more time things have to grow by simple inflation or growth rate, with the idea that you put your investment in at regular intervals so that you don't have to worry about timing the market. I've lost so much money and energy and emotional health by thinking I could time things when in reality, I didn't even need to bother.
I could have just DCA'd.
I could have just DCA'd.
I could have just DCA'd.
Now, somebody, by the way, somebody here who's listening might say, but I'm already 50. I don't have time. Actuarially, you got to 77. You got 27 years, a long time. You have a ton of time. You got a heartbeat. You got time. So I think that's the reason people, as they get older, say, I don't have time. I need the lotto ticket. Like, no, you don't. You still got time.
Now, somebody, by the way, somebody here who's listening might say, but I'm already 50. I don't have time. Actuarially, you got to 77. You got 27 years, a long time. You have a ton of time. You got a heartbeat. You got time. So I think that's the reason people, as they get older, say, I don't have time. I need the lotto ticket. Like, no, you don't. You still got time.
Now, somebody, by the way, somebody here who's listening might say, but I'm already 50. I don't have time. Actuarially, you got to 77. You got 27 years, a long time. You have a ton of time. You got a heartbeat. You got time. So I think that's the reason people, as they get older, say, I don't have time. I need the lotto ticket. Like, no, you don't. You still got time.
Plus, you really don't have time. Then you don't have time.
Plus, you really don't have time. Then you don't have time.
Plus, you really don't have time. Then you don't have time.
Then you can just go on a cruise and eat fucking gyros all day long, whatever it is. And get some Omaha steaks.
Then you can just go on a cruise and eat fucking gyros all day long, whatever it is. And get some Omaha steaks.