A second chance to do the right thing

Back in 2021, Coinbase went public and a lot of crypto folks became wealthy.

At least, wealthy on paper.

I spoke to a handful of families around COIN's IPO and described ways to 'take chips off the table' to help fund some of their family’s life goals.

A holistic approach to wealth management.

No one bought into my practical approach.

No one wanted to sell. The stock was supposed to keep climbing.

Over the next 1-2 yrs, sadly, COIN and the broader crypto/web3 universe lost steam. Prices suffered.

No one could have predicted a correction of that magnitude.

Crypto was eating the world, everyone had Bored Ape NFTs and laser beams for eyes. COIN specifically was the most-trusted custodian.

Today, a full 2-yrs later, COIN's price has rebounded and some of those same Coinbase families are reaching out to me to discuss (potential) diversification plans.

At the very least, it feels like a good time to use some of their equity to move forward on life goals - buy a home, fund college, etc.

A second chance at the opportunities they could have pursued 3 years ago.

This isn't about Market Timing, though.

We have no idea if it will continue to rise further.

It might. It might not.

Wealth management is about looking at the ‘might not scenario‘ and deciding if any potential loss would hurt your ability to retire or just generally live life on your terms. Not the terms of an arbitrary stock price.

Everyone’s path and preferences are different.

A quality financial planner can help you map out those unique scenarios to see what is best for you and your family.

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