Wealth Mechanics

I made $370k last year. I spent $75k. The gap is the whole game. Lifestyle inflation is the silent killer of people who finally start earning real money. I've watched it happen to everyone around me. Income is not wealth. The delta is.

@mikealfred Most basic answers, he was shying away from the questions.

KEVIN WARSH FOR PRESIDENT

@AlexMarkNJ Maybe I’ll revisit once summer is over lol

@WealthMechanic1 Walk away and take a break.

My Bitcoin position is down 28%. My index funds are up 40-57%. Should I sell the Bitcoin and go all in on index funds? Genuinely curious what you'd do.

@sith_sou I’m a believer, I’m going to hold after reading through all these posts

@WealthMechanic1 What's your outlook on Bitcoin? Is it going up long term? If so, just keep buying it as that's where the opportunity is at.

@Beyond_miggraf As soon as I execute the trade shit hits the fan lol

@WealthMechanic1 Odds are you are late on that. If you rebalance now, you'll likely end up with bitcoin going up and index funds going down.

@BTCBreadMan The thesis would be to harvest the loss and redeploy the capital into something with momentum

“Should I sell the asset that is under-valued to buy more of the asset that’s over-valued?” How are these people so retarded?

@randomlybrian You can say that again.

@WealthMechanic1 I think the S&P 500 being up 40% is the answer to your question 😂 there has been no shortage of bulls for a long, long time

The S&P 500 is up 40% from last year and nobody is talking about it. Is everyone waiting for the crash or did we just forget how to be bullish?

@jonesrrrrrr Would you have regrets if BTC hit 150-200k over the next 12 months?

@WealthMechanic1 Yes sold my last half a btc 3 months or so ago and I’ve never felt better Bro it’s uselsss move on all crypto was a liquidity suck it does zero good for the world and solves no problems

@rodcoffman @JamieFinance25 Exactly my thoughts

@WealthMechanic1 @JamieFinance25 If you got yourself rich enough to need one, you are smart enough not to have one. Good tax advisor, that's what you need. Nobody is going to watch YOUR money as well as you will.

At what stage of wealth do you consider it necessary to have a financial advisor?

@ShawnASearle1 Nope still have conviction. Thank you!

@WealthMechanic1 Wealth, has the thesis changed? If not (which it hasn’t), stick to your guns. Good luck! 👍🏻

@spiritofhawaii1 Are you saying the stock market and crypto work inversely?

@WealthMechanic1 There is a chance that Bitcoin will see prices closer to its ATH again. Then would be the time to sell all Bitcoin and put that money into the stock market. That’s at least what I am going to do. Will never come back to Bitcoin afterwards.

@SteveO987611 Only in Crypto

@WealthMechanic1 Seems like we’re always waiting for a future that never comes

@TinyToothDDS How about $SPCX

@WealthMechanic1 My guess is this will move very similarly to $TSLA - the $100 increments are very strong areas of support and resistance.

SpaceX $SPCX must have a rocket coming back down to Earth today

@StephenSpr30727 I agree. Hopefully the clarity act will be a catalyst.

@WealthMechanic1 It did have a good run up but it didn’t even double its last ATH in 2021, I don’t think this time is different but a lot has been different, I believe we are running late. How does every investment known to man run parabolic and bitcoin and altcoins have before

@StephenSpr30727 bitcoin:native had a very sexy run up to 125k but you’re right, no other crypto did

@WealthMechanic1 When the stock market pulls back ppl will start to put there money in to crypto. Everything else has made a parabolic run EXCEPT crypto.

@BkPotat69 Perfect execution

@WealthMechanic1 I sold mine when it hit 120k lol.

@TheWealthMill I hope your not to be honest🤣

I’m genuinely being sincere. Sell both to cancel out some of the gains. Go to money market account for rest of the year or early next year. Wait to buy back stocks once $SPY is in 300s (start DCAing once below $450) and probably never buy BTC again (or buy some at sub $10k). Bookmark me if you’d like. I’ll be right

@boondockmillion The Clarity Act is going to pass this year with establishes all of that.

@WealthMechanic1 Will not happen. Keep dreaming

@boondockmillion If the current administration establishes the framework for a crypto based financial system there may not be any turning back is what I was getting at.

@WealthMechanic1 So ? I know of a former governor who was in a Ponzi scheme? What’s your point ?

@FSPC113 Harvest the losses and redeploy?

@WealthMechanic1 Yeah, invest in something actually making something!!!

@boondockmillion It seems like the current administration is heavily invested into crypto.

@WealthMechanic1 Eventually bitcoin will totaly go away because of government regulation will classify it as a ponzi scheme