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cover of episode 11/15/24: What the Depletion of the Social Security Trust Fund Means for You

11/15/24: What the Depletion of the Social Security Trust Fund Means for You

2024/11/15
logo of podcast THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

Chapters

This chapter delves into Michael Saylor's innovative strategy for MicroStrategy, focusing on the company's significant investment in Bitcoin. Saylor's approach involves leveraging corporate reserves, issuing bonds, and selling stock to fund further Bitcoin purchases, making MicroStrategy one of the largest corporate owners of Bitcoin.
  • MicroStrategy owns more than 1% of all existing Bitcoin.
  • The company's Bitcoin holdings have generated substantial profits, overshadowing its core business profits.
  • Investors view MicroStrategy as a proxy for Bitcoin investment due to its aggressive Bitcoin acquisition strategy.

Shownotes Transcript

As the Social Security Trust Fund nears depletion, Americans face potential 20% cuts to benefits starting in 2034, which could significantly affect their retirement security. Financial advisors must help clients understand the importance of personal savings and investments to secure a stable retirement income. And, Michael Saylor, founder and chairman of MicroStrategy, has transformed the company into a major bitcoin investor by reallocating corporate reserves into bitcoin, issuing bonds, and selling stock to fund further bitcoin purchases. And, Rowan University’s Ric Edelman College of Communication and Creative Arts now offers a Bachelor of Arts in Esports with tracks in communication, business, and computing, featuring a state-of-the-art facility.

#SocialSecurity #RetirementPlanning #TrustFundDepletion #RetirementSecurity #PersonalFinance #SocialSecurityCuts #FinancialPlanning #InvestmentStrategy #LongevityRisk #RetirementIncome #Bitcoin #MicroStrategy #MichaelSaylor #CorporateReserves #BusinessStrategy #BitcoinInvestment #ConvertibleBonds #CorporateTreasury #CryptoMaximalism #EsportsDegree #RowanUniversity #GamingEducation #CareerInGaming #FutureOfLearning #EsportsInnovation #HigherEducation #GlobalGaming #DigitalCareers


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Links from today’s show:  

Ric Edelman College of Communication and Creative Arts: https://ccca.rowan.edu/)

ProtectedIncome.org Study on Retirement and Protected Income:  https://www.protectedincome.org/news/information-gap-advisors-consumers-prip-chapter-3-2024/)

Protected Income website: https://www.protectedincome.org/)

11/13 Webinar Replay - An Innovative Way to Generate Income in a World of Declining Rates: https://www.thetayf.com/pages/november-13-2024-an-innovative-way-to-generate-income)

10/9 Webinar Replay- Crypto for RIAs: Yield, Staking, Lending and Custody. What’s beyond the ETFs? https://dacfp.com/events/crypto-for-rias-yield-staking-lending-and-custody-whats-beyond-the-etfs/)

Certified in Blockchain and Digital Assets including Crypto Taxation Course/Webinar: https://dacfp.com/certification/)

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