346: Caitlin Long On Federal Banks and Bitcoin

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 27 July 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Caitlin Long is the Founder and CEO of Avanti Financial Group. She spent 22 years on Wall Street, including Morgan Stanley, where she was Head of Corporate Strategies and Pension Solutions. In this conversation, we discuss the macro economy, bank balance sheets, monetary stimulus, inflation, impact of the OCC decision, an update on Avanti, and the potential effect on Bitcoin and banks from the Presidential election. =============================== Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp =============================== Did you know only 1% of day traders actually turn a profit? So why are so many of us mistaking picking stocks for serious investing? You can’t control the markets, but you can control your risks. So how do billionaire investors control their risk? They invest in blue-chip art. If that sounds unusual to you, you’re not alone. But the ultra-wealthy have been investing in art for centuries. And since 2000, art has outperformed the S&P by an incredible 180%. Just a few years ago, a single work sold for $450 million! Imagine...Being able to invest in the very same paintings as millionaires and billionaires, at a fraction of the cost. Masterworks.io is an exclusive platform that makes it as easy as trading stocks online. And the best part is: you don’t need to know anything about art. Their experts will create a custom portfolio to meet your investment needs. With Masterworks.io you don’t have to choose between big risks and big returns. Sign up today, select PODCAST and you can skip the 70,000 waitlist to get first dibs. Just go to www.masterworks.io and select PODCAST. Hurry, this offer expires soon. =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast.
0:06.0	Simply the best podcast out there. Let's kick this thing off.
0:10.0	Caitlin Long is the founder and CEO of Avanti Financial Group. She spent 22 years on Wall Street, including Morgan Stanley, where she was the head of corporate strategies and pension solutions.
0:21.4	In this conversation, we discussed the macroeconomy, bank balance sheets, monetary stimulus,
0:27.9	inflation, impact of the OCC decision, an update on Avanti, and the potential effect on Bitcoin
0:34.9	and banks from the presidential election. I really enjoyed this conversation
0:39.3	with Caitlin, and I hope you do as well. Before we get into the episode, though, I want to quickly
0:44.0	talk about our sponsors. The first is Masterworks. Did you know only 1% of day traders actually
0:50.2	turn a profit? So why are so many of us mistaking picking stocks for serious investing? You can't control the markets, but you can control your risk.
0:57.9	So how do billionaires, investors control their risk? They invest in blue chip art.
1:02.8	If that sounds unusual to you, you're not alone. But the ultra wealthy have been investing
1:07.1	in art for centuries. And since 2000, art has outperformed the S&P by an incredible
1:11.9	180%. That's right, since 2000, art outperformed the S&P by an incredible 180%. Just a few years
1:19.2	ago, a single work sold for $450 million. Imagine being able to invest in the very same
1:24.2	paintings as millionaires and billionaires at a fraction of the cost.
1:31.2	Masterworks is an exclusive platform that makes it as easiest trading stocks online.
1:34.1	And the best part is you don't need to know anything about art.
1:37.8	Their experts will create a custom portfolio to meet your investment needs.
1:43.8	You can head to masterworks.io and you don't have to choose between big risks and big returns.
1:51.2	You can sign up today, select podcast, and you can skip their 70,000 person waitlist.
1:53.9	That's right. They have 70,000 people on their wait list.
2:02.6	But if you select podcast, when you go to masterworks.io, that will allow you to skip the entire waitlist and start investing in Blue Chip art today. So masterworks.io, hurry up and go do it.
	...

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