4.8 • 883 Ratings
🗓️ 14 April 2025
⏱️ 13 minutes
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Discover why the Hidden Road acquisition is major for Ripple.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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0:00.0 | Be Wealthy and Smart, episode 1493. |
0:03.6 | I'm going to live the rich life, full than best life, yes life. |
0:11.0 | So if y'all know what I mean, put your hands up and declare with me, yeah, I'm full of bread. |
0:17.0 | I'm going to live a good life, beautiful and glorious life. step into a world. |
0:23.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
0:33.6 | And now, here's your host, Linda P. Jones. |
0:38.2 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. |
0:45.4 | On today's show, we're going to talk about why the Hidden Road acquisition is major for Ripple. |
0:51.8 | Now, a lot of people have talked about the fact that this is one of the largest |
0:55.7 | acquisitions in crypto, Ripple spending $1.25 billion for Prime Broker Hidden Road. Today, I'd like to |
1:03.0 | point out what are some of the important things about that acquisition that maybe haven't been |
1:07.5 | talked about yet. So first of all, let's talk about what is a prime broker. |
1:11.8 | A prime broker is often a division of a financial institution that provides investment services |
1:18.0 | to hedge funds and institutional investors. It can be things like clearing and settling trades, |
1:24.3 | providing margin financing, which is provided for them to borrow money, and for asset management. |
1:30.6 | Because hedge funds often do complex trading strategies that are outside the normal retail sphere |
1:36.7 | of just stocks and bonds, they can be trading derivatives, they can be trading currencies, |
1:41.5 | they can be highly leveraged. There's all kinds of things that they do |
1:45.8 | outside of normal retail securities laws. And that's because they're considered sophisticated |
1:52.8 | investors and so they're allowed to take more risk. But the problem is sometimes those risks |
1:59.0 | can be so large that if they aren't monitored properly, |
2:02.3 | they can cause the entire financial institution to be at risk, and sometimes the entire financial |
... |
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