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Could These Cats Make You Retire…🐱
Join us on the journey to financial independence.
Renaissance Man
July 26, 2024
Read time 5 minutes
Welcome back to the end of another week with Renaissance - the newsletter equivalent of being as locked-in as some accountant looking dude with a 1000 yard stare in a warzone. It’s over for you bro.
Let’s get after it for another week!😂
Today at a Glance:
Grayscale Launches New FundWhy A Bear Market Can Be GoodThe Renaissance Over-Under
Crypto Market & NFT News
Grayscale, the big dog, has launched another fund - and, like a psycho girlfriend, when they do something you have to pay attention for your own safety and financial well being. 😂
It’s a perfect storm of web3 meets AI and they’ve invested in the top names - I know we mostly do events-based narrative strategy here, but we also have large long term positions in projects and movements we believe in.
And most of the names they’ve picked up we’ve been holding for a long time already - gods be good 👀🙏 you’ve gotta pay attention to where the big money is flowing into!
Decentralized AI is at its earliest phase (as is web3 generally still) - and the biggest technical limitation that AI has is server-side compute and storage, and the limitations and costs and access control all point towards web3 as a wayyyy better alternative!
Current assets they have that you should all know about now:
⚡ Bittensor (TAO)
⚡ Filecoin (FIL)
⚡Livepeer (LPT)
⚡ Near (NEAR)
⚡ Render (RNDR).
Last week coming out of our cat nap - our Catfolio
It’s cat season and we gave you everythinggggg - Popcat hits over $1B market cap 😎
*us internally in Renaissance talking about taking our massive profits and selling some of our cat coin gains (and yes we’ve watched margin call recently…great movie)
When we call a big long term play we’re always right, even week to week. Well done everyone we’re popping
https://dexscreener.com/solana/9VsFSZS59Y9joAibVQWf8zZX2v7aFH4AX97mhntoZrd2 this is what we like and we’re watching, we’ve been in from $200k market cap
Even Popcat 2.0 from when we called it in the newsletter last week on the 19th - we gave you this massive leg! 👇
Miggles - last week we hit 100x on it 🎉🎉🎉
UPDATE: We caught the coinbase cat and then called it here after our 20x, and gave it to you at $20M.
THE NEXT DAY it ran to over $100M market cap - you’re all welcome for the 5x just from the free newsletter and Popcat, and Popcat 2.0. 🤷♂️
I swear if anyone clicks weak sauce this week I’m going to scream.
Is this not why you are here??
We’re still going hard on the cat assets and actually getting a long term meme-portfolio for cat coins - we just love it, can’t get enough hahah
Popcat is my favourite and always has been. But there are still so many reallyyyy popular cat coins that are undervalued you can identify and buy on red market days!
I’m serious, don’t complain when the market moves on and we’re all cat millionaires by next year meowwwww - this is a great strategy
Here’s a good article with a few I’m watching… and we’re open for DD from anyone here, what’s your fav?
Other resources for DD:
Notable trade ideas:
$Omni had a community takeover and is doing well. The chart when zoomed out is just steadily grinding upwards - this lil cat may have the goods. 👀 $2.7-2.8M market cap right now. I’m holding and I believe!
$BUB
We bought a shit tonne of BUB, the most famous cat on the internet.
The thesis is simple for this and the other cat memecoins really - we love memecoins, and it’s each to their own, but I like funny cats at expensive prices so I get into em all! And most importantly, I do what works.
Popular cat memes have made us pretty damn rich ( $POPCAT, $MEW, $TOSHI) so we keep doing what’s working and this cat has good endorsements - target could be $50M+ and if it picks up it could go higher again.
ATH is $31M - not a bad entry and if in doubt maybe get an entry on a red day.
LITTLE BITS 😎
NOSTALGIA OF THE DAY
Wealth Building, Personal Finance Hacks & FAT FIRE
This week we’d thought we’d give you a little reminder on why good isn’t always good in investing, and why sometimes bad is good. We could all do with a little pick me up sometimes!
Sometimes you’re sitting looking at your portfolio which has returned fuck all recently. Sad.
We’re putting all this money away and we want our return dammit! But for FAT FIRE and true wealth building you will be compounding your cash for decades. And the maths behind why you should actually want poor market returns when you’re building your wealth is a bit crazy.
A lot of us have our picks and plays to gear up the returns we receive. The risk-on assets which we love here at Renaissance. These and your own start-ups are the best ways to get really wealthy. But we’ve still got to park that cash somewhere! 🅿 The core boring investments in the market often act as the backbone.
The market can go up or down in any given year, but on average over time the S&P has returned around 10% per annum. And historically the market has gone up 3 years out of 4.
So for simple illustration purposes lets take 40 years. On a positive year the market goes up 20%, on a negative year it goes down 15%. If of these 40 years, 30 years had 20% returns and 10 years had -15% returns, on average we’d have around 10% per year.
Now let’s look at two scenarios:
Scenario A: The market goes up for 30 years at 20%, and then down for 10 years at 15%
Scenario B: The market goes down for 10 years at 15%, and then up for 30 years at 20%
If you were diligently investing each month which returns would you want? What returns would you want right now earlier on in your investing journey? You’d want the market to go up right?
Well under Scenario A where you got amazing returns for 30 straight years, if you invested $500 a month, at the end of the term you’d have around $1.5 million.
Now under Scenario B where you went through loss after loss for your first whole ten years of investing (let’s face it, most people would give up at this point. Maybe this market thing is broken and I should do something else). But after 40 years under this scenario you’d have approximately $14.5 million.
This is nearly 10 times more just from the sequencing order of the returns!
This is an extreme example with the bull and bear markets being in order consecutively, but this is something to keep in mind as the market goes through cycles. 🚲
You’d actually be far better of down the line if the market went through a long period of negative returns early on in your investing journey. So if it goes up we celebrate, and if it goes down remember this. The market is on sale. And it’s never a bad idea to buy quality assets cheap.
Meme of the Day
That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)
