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Wealth Mastery 99

Lark Davis March 27, 2022
12 Comments

In This Issue

DOWNLOAD THIS ISSUE AS A PDF HERE

  • My latest portfolio updates. 
  • Rebecca breaks down this week’s trending coins.
  • Matt has a report for you on 5 tokens that are under a $10 million market cap.
  • The team from Biconomy talk about how they’re making web3 frictionless & mainstream.
  • Jesse has a deep dive for you on Mad Meerkat Finance.

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.

For any crypto related questions please comment on the website. 


For any support related issues please visit the website.

Lark's Portfolio

I have let my maintenance of a few coins slide a little bit, which inevitably happens with a big portfolio like this one. In particular Tokemak migrated to a new staking contract 3 weeks ago which has meant that my Toke has been not earning rewards for 3 weeks. An oversight which cost me some thousands of dollars. 

My JOE/AVAX farm also had the rewards pools canceled, and moved to another JOE/AVAX farm. Although in this case I only missed out on a few days of rewards, not as

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Responses

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  1. akashif219 March 28, 2022

    Hi Lark,

    I aim to become a millionaire by March 2024. I have made mistakes in crypto market by jumping from one position to another and have lost heaps of money doing that.

    I have since realised that the best way to succeed in this market is to invest in low market altcoin with potential and wait patiently.

    My current portfolio is valued around 35k USD but its heavily diversified.

    Can you please advise/guide practical way to achieve million dollars target by 2024 using my current portfolio?

    Regards,
    Kashif Mohammed.

    1. Lark Davis March 28, 2022

      First let’s be clear there is nothing for certain. Your aim to make a million bucks by March 2024 totally depends on factors out of your control like the global economy.

      That being said, yes, low cap altcoins can make big gains. They are also high risk so be careful.

      You don’t need too much diversity to succeed. You can focus down on say 7 to 10 coins. Take your time to try and find really good ones.

      Likely you will want to rotate capital when the market pumps. So let’s say you get a coin to do a 50X gain on a 5k investment. That is a great gain. Take profits and invest some of that money back into new low caps.

  2. aussiediver681 March 29, 2022

    A couple general questions:
    1. How much percentage-wise of your cash is in fiat – not in stable coins? I am trying to determine how much to invest into places like celsius/anchor.
    2. Are you still bullish on BMI? I bought some a while back but it has dumped since! Still hodling. Trying to decide if i should buy more at these cheap rates before i get kicked out of gate.io (i’m in the US 🙁

    Thanks

    1. Lark Davis March 29, 2022

      Thanks for the message

      1 Depends on the time, maybe 20% right now as tax time is coming soon. Usually any fiat is either left in stables, or moved and dumped into stocks. Not much reason to keep big chunks of cash in the bank, aside from tax time.

      2 Yes and no haha. I want to be bullish on it, but haven’t really seen it getting the traction I would like to see. I actually doubled my position a few months back on the anticipation of V2, but then the bear set it. Rekt. Anyway, hope it bounces enough with the market.

  4. danielchin April 3, 2022

    Hi Lark,
    For staking on Joe, are you farming on JOE-USDC on the “Boost” for 44.85% apr(currently)? Or are you going straight to the “Stake” sJOE to earn USDC Stablecoins at 26.74% APR(7D)? Can you point me to a tutorial if you have one handy?

    Thanks,
    Dan

      1. danielchin April 4, 2022

        Thanks Lark,
        What is the advantage of “Stake” sJOE to earn USDC Stablecoins at 26.74% APR VS JOE-USDC on the “Boost” for 44.85% apr? Seems like the APR on the Boost is much higher. Maybe I am not understanding the risks of “Boost”?

        Thanks,
        Dan

        1. Lark Davis April 4, 2022

          sJOE is a pure joe play. So no risks of impermanent loss. It also pays in USDC, not JOE.

          JOE USDC pays JOE not USDC. So it depends on what you want at the end of the day. Also the JOE USDC runs the risk of impermanet loss, which is a fancy way of saying that when you go to cash out your pool token you have much less JOE than you did when you started. Obviosuly the rewards may out weight any potential loss. You must also consider that the JOE you lock in the VEJOE pool will lose all of its boost power if you decide to unstake, so your funds are also tied up in that sense.

          At the end of the day the JOE USDC pool with the boost is a good play. But it is just different when compared to the straight JOE staking