Maximize Wealth with Algorand Strategies for Income Generation @CryptoTaxAudit

Jake Claver

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00:00Otherwise, say it's Algorand in your wallet and it just distributes to you, each one of those

00:04distributions is income that you need to be reporting on your taxes. So that's kind of my

00:12thoughts. I work with clients that are anywhere north of 10 to 20 million up to 100 million in

00:17assets under management. But at that point, you can kind of hire your own in-house people,

00:21most people do for a single family office. And so you want to start looking at ways that you

00:28can hedge yourself against the loss and utilize the assets that you have to produce income.

00:34Maybe, again, take leverage against them if it makes sense for the interest rate, for your ability

00:38to take that money that you took at a low interest rate and earn a higher interest rate with it.

00:43There's a lot of arbitrage that can be had within that, but definitely you want to consult a CPA,

00:48wealth manager, financial advisor.

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