John, it's so good to see you. I have a question that I think is on everybody's minds these days, should retirees include Bitcoin in their retirement portfolio? So Fidelity recently published a White Paper titled The Case for Bitcoin here it is, and we have a link to it as well in case people want to read it on their own. And I want to talk through that paper considering right now, Bitcoin is trading right around 69,000. Very near it’s high of just over 70,000. So John, again, as we circle back to that white paper, I want to throw a lot of numbers at you because of course, they're talking about the case for Bitcoin. So take a look here. This is a 2% allocation to Bitcoin, which they say would allow for an increase in annual spending ranging from 1 to 4% of potential losses of up to negative 1% in a worst case scenario, and now here, take a look at a 5% Bitcoin allocation. They say that could allow for an increase in annual spending by as much as 9.5% for older investors, but with much steeper potential losses of up to 3% in a worst case scenario, so do you think retirees or pre retirees should incorporate Bitcoin in their retirement portfolios?

So, I love the charts. I want to make one thing perfectly clear right? The number, the percentage allocation, you were talking 2% - 5% of an overall diversified portfolio, right?

Right. Yes.

If you're invested in Bitcoin, you're gonna lose more than 3% or 2%. So let's just clear that. I actually read an article about two years ago by Rick Adelman talking about this. And the one thing I don't like about those charts, and that study by Fidelity is they're talking about the effect that it could have on your income. Me personally, for retirees, I like to build it around predictable, sustainable income that we want to make sure the income is going to be there every month and you know, Bitcoin is all, but you know, predictable. So how I position it for retirees, and I do like it as an overall very small diversification is, this goes in your growth shield or your growth bucket. This is your Vegas money right? You're gambling money. Because you have to understand, while you can hit the jackpot, you can also lose everything. This is a very volatile investment. So the same study that I read or a similar study I read two years ago, did not talk about income, but just talked about the overall effect it could have on a portfolio. And how it could have almost doubled a whole portfolio's returns because of those skyrocketing highs that it sees, but if you lost everything because you have such a small allocation, kind of in line with the fidelity income study, you're only going to lose a couple percentage points on that portfolio. So I do like it, again, especially for retirees they have to understand the big thing, you could lose all this money. And that's why you only put a small percentage of an overall diversification and this should be in your long term growth bucket in my opinion.

So then, big picture, how should investors evaluate the role of Bitcoin in terms of diversification, risk management and their overall retirement goals?

Yeah, so you know, I just kind of say that you want to have it in your growth bucket. You want to understand that the good thing about Bitcoin is it’s not correlated to the stock market. So the stock market could be plummeting and Bitcoin could be soaring. That is inherently a good thing about Bitcoin. But you also want to understand that really, in retirement, big growth shouldn't be the name of the game. It should be preservation and making sure you don't run out of money. So I wholeheartedly agree with the allocation numbers to fidelity. A lot of my retirees, they're between 1 to 3%. And that's if they want it because again, when we have those discussions with our clients, we have to have that talk of listen, this could hit a grand slam, but this could also strike out. And you have to understand that, even with a small allocation, some people just don't want to lose, you know, 10 or 20,000. If that's 1 or 2% of their portfolios, they don't want to have any exposure to that so then we don't put it in there. So you have to just look at yes, the big gains are great. But are you willing to gamble everything?

Right? Or if it affects your sleeping at night, then just say no. John, it's nice to think of it in terms of the bigger picture, but if somebody would like to speak with you more about the risks and possible rewards, what's the best way to reach you with questions?

You can visit our website www.gosecurus.com, where we have a host of investment videos where we talk about diversification and now you can add this video as to how you can be a little bit further diverse. And while you're on the website and Contact Us Tab where you can scheduled a 20 minute phone call, where we'll answer any general questions you may have, or you can schedule a complimentary vision and clarity consultation, or if you like doing things the old-fashioned Erin, give us a call at the office 858-935-6210, ask to speak with Emily Wale and she will get you on my calendar.

Great, John, thank you so much.

Thank you, Erin.