In This Issue
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- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Matt has a report for you on the top tokens on Cardano
- The team from Legends of Elumia
- Jesse has a deep dive for you on Gensokishi Online
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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Lark’s Portfolio
One thing I wanted to discuss this week is focus. Many investors get highly stressed out in the market over the things that they cannot control. War in Ukraine, the FED rates, the economy, etc. While it is important to keep an eye on these things our focus must be on what we can actually control as investors. Because news flash, it isn’t any of the things I just mentioned.
- When I buy and when I sell. I control when I click the buttons. This is the absolute in what I can control. Ideally the selling happens on pumps and the buying on dumps.
- How I invest. Do I dollar cost average? Do I pay attention to fees?
- Risk. I control how much I allocate to a risk altcoin. Personally I rarely put in over 1%. I also have my crypto portfolio heavy in Bitcoin, Ethereum, and Stablecoins in order to reduce risk. I also control what risky actions I take like a leveraged loan or leverage trading. Both of which are tricky during times of high volatility.
- Ensuring that my finances are in order. I have adequate cash reserves to ride out any market volatility. I can remain solvent. I don’t have any significant debt. My income remains strong. Maintaining low debt, strong cash reserves, and steady income is key to surviving and thriving in any market conditions. I can control this.
- Taxes. Yes, they suck, we can all agree there. BUT while you may be thinking, “Hey, wait Lark, I can’t control taxes”, well there is some extent to which you can. Strategies like tax loss harvesting and charitable donations can help reduce your tax burden. There are also often many reductions that can be made locally or tax structures including things like creating an offshore company or an on shore trust which could increase tax efficiencies. Even moving to somewhere like Dubai, Puerto Rico, Portugal, or the Bahamas can reduce your tax burden to 0. While this is not for everyone these options do exist. The main idea here is to make sure that you are legally paying as little as possible. Chances are if you have not looked into that you could find some areas to reduce your burden.
I bought Cereal Club NFTs (high risk). I also bought WVRPS NFTs which are generative music and art profile picture NFTs. And was going to buy Josie Bellini’s Cyber Broker NFTs, but they delayed the sale by a week.
I sold a bit of my Genso Kishi (MV) coins, about 15%. Position was feeling a bit too big…
