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Welcome back to the end of another week with Renaissance - the newsletter equivalent of the BDE when all your trades shockingly go up. 👏👏👏 

Today at a Glance:

Welcome Back To ETH 3,000!

China's Investment Scene Breakdown

Wealth Wisdom for 2024: Renaissance Rules

The Renaissance Over-Under

Crypto Market & NFT News

Renaissance Men…… Welcome Back To ETH 3,000!

oonts oonts oonts oonts did we tell you or whattttt🎉🎉🎉

Ethereum ETF vibes got us excitedddd! $3k, fuck it why not Eth to $8k. 🙄 

Ether-hits-3k-for-first-time-in-nearly-2-years-amid-rising-eth-etf-excitement

But in all seriousness, did we literally not tell you for the last 3 weeks to stack Eth? And here it is, playing out right on time. Eth hits $3000, are we all rich yet or what? 😎 Only one thing’s for certain - we are gooooood………

⚡ Updated targets - short pullback from $3k, then upwards to the $4,200 region on the Dencun upgrade. Slow transactions and high gas prices finally reduced to dust!

With the following hype for Eth ETFs we’ll hit the $5k post-acceptance and post-halving (soft prediction…….by May, we’ll review again then).

Now here’s the interesting part! Where does the money rotate from here?

Is it a coincidence to see priests and kids together, it could be, but it is suspicious. 🙄

- The price of Eth skyrockets as expected during the run up to the halving,

- The Dencun upgrade bringing super low gas fees will increase the trade volume out of Eth into rotations

- The narrative changes to the 404s (Eth tokens - to - NFTs fractionalisation functionality),

- And then the top Ethereum NFT collection floors will jump, with buy-overs happening left and right all of a sudden…

Another victory lap - remember when we called the exact bottom of the NFT market at the time of the Rolling Stone article? Good. us too.

And now things are heating up again: 🔥

- Pudgy Penguins floor price exceeds Bored Ape Yacht Club,

- Top Cryptopunks are being sold from the richest person in the world,

- Bored Ape Yacht Club bought over Moonbirds NFT collection,

⚡ Something is happening with the top NFT collections and the NFT gaming space is getting ready to rocket! And when Eth increases over $3k, profits will rotate from Eth to other tokens and Eth NFTs. The money trickles down! We’ll have our eyes on NFTs and Eth for the foreseeable. 👀 

Buy ETH and buy blue chip NFTs. We’ve got our eyes on new collections.

Other plays: Okay so we were wrong on AI tokens….okay not wrong, but we traded em’ too quickly and exited the positions when we should have held and should still be holding really……if you buy on discount red days and hold for the whole year, your returns from this will be excellent!

We‘re gonna get back in. 💪 Here’s the play:

Our top trade in AI was $PAAL and we made a good bag on it. It’s still our top pick. These AI tokens are all overbought right now so we’re not buying currently, but we’re waiting for a big red day across the market to buy em up! Here’s the tracker list…….

⚡ Target purchase - Buy $PAAL on large red days. Target price is $5 and then we all get lambos!

The remaining watchlist to split your bag across and hold for 2024:

$TAO, $AGRS, $PAAL, $RNDR, $AKT, $FET, $PRIME, $AIOZ, $ORAI, $ABT, $ALEPH, $GHX, $AIT, $OPSEC, $NMT

LITTLE BITS 😎

He has done what we could not….how does one be happy for $1000? Is it possible to learn this power……?

Man buys cheap abandoned home in Japan, can be happy on $1,000 a month

Nvidia price predictions from the street 👇

The only morning routine / wellness content you’ll see in this newsletter - the OG

NOSTALGIA OF THE DAY

Business, Money Markets & Financial News

China's Investment Scene Breakdown 🌶

*we still can’t say the word China without hearing this….

The bottom line is China red, real estate red, stocks red, Burry wrong. 🔴

🌎 Global Drama Unfolds:

As the U.S. gears up for the 2024 election, everyone's wondering if politics and investments make a spicy combo.🌶 Stateside, it's a pretty chill relationship. But when you glance overseas, especially at the world's second-largest economy—China—it's like a soap opera mixed with a thriller.

📉 China's Market Rollercoaster:

For years, China's economic dance had everyone's attention. Fast forward to 2021-2023, and it's a different tune. The MSCI China Index took an 18% annual nosedive, while the S&P 500 was doing its victory lap with a 10% annual gain. What's the plot twist, you ask? It's all about Xi Jinping's government policies, and it's been quite a show.

🚫 Ant Group's Cancelled IPO Drama:

Enter Jack Ma, the entrepreneur rockstar. His fintech company, Ant Group, was all set for an IPO party until Beijing slammed the brakes. Why? Jack Ma had some not-so-nice words about China's banking system. Turns out, you can't critique the system in Xi's China without consequences.

💔 Falling Dominos:

The Ant Group saga was just the beginning. Beijing's been on a mission, dishing out fines and sanctions to powerful companies like it's Halloween candy. Tencent and JD.com took a hit, with shares dropping by half. It's like a market horror story, but unfortunately, it's real.

👻 Investors' Trust Issues:

China's charm offensive on international investors isn't going well. Foreign direct investment (FDI) took a nosedive from $180 billion to $15 billion in 2023. Investors are side-eyeing China like it's a suspicious dish at a potluck.

🪟 Window Guidance Drama:

To fix the market mess, regulators are playing puppeteer with "window guidance," trying to keep institutional investors from hitting the sell button. Spoiler alert: It's creating more problems than solutions. Share prices are now on shaky ground, like a Jenga tower during an earthquake.

📉 Trust Deficit & Dodgy Data:

Investors are having major trust issues with China. Economic data? Take it with a grain of salt. Beijing claims a 5.2% GDP growth in 2023, but skeptics call it a joke. Some estimate it's below 3%. It's like trying to solve a puzzle with missing pieces.

👵 Demographic Dilemma:

China's got a bigger headache—demographics. Thanks to decades of population control, there are fewer babies, and the fertility rate is in the basement. Unlike the U.S, China isn't getting a population boost from immigration. Warren Buffett's wisdom about "no called strikes in investing" sounds like a pep talk for this rocky relationship.

🚀 The Breakup Advice:

So, what's the advice in this financial soap opera? If you're into emerging markets but want to avoid the China drama, consider a fund like the Freedom 100 Emerging Markets ETF (FRDM). It's like avoiding the ex's social media—it's for the best. 💔

TLDR: Big Short that shit.

Wealth Building, Personal Finance Hacks & FAT FIRE

Wealth Wisdom for 2024: Renaissance Rules 💰

LINE UP LADIES! (what did you mean line-up). If you master the 5 D’s of Renaissance rules no amount of debt on Earth can hit you.

(great clip btw)

The 5 D’s:

⚡ Number 1. Define Your Mission: You got to know what you’re aiming for. Sniper school. If you aim for the buttons on their shirt, you miss by a few cm. But if you aim for the guy himself you miss by a few metres.

⚡ Number 2. Dodge the overhyped and overblown areas. The US and UK have just slipped into a recession. AI and big tech have been having a party, get your gains and get out. Fishing is best where the fewest go.

⚡ Number 3. Dip, take advantage of election-year rollercoasters. Invert that yield curve, lock in over 5% on money markets, and grab a mortgage rate dip. Re-finance everywhere.

⚡ Number 4. Dive on investment insights. Forget trends, focus on strong companies with killer earnings. No FOMO – it's all about that sweet spot where you outperform taxes and inflation.

⚡Number 5. Dodge tax, what every other newsletter is too fucking scared to tell ya. But optimise your tax burden, let’s call it a tax minimisation strategy. Transfer your business offshore and set an overseas freelancer as company director in name only, while you stay in control of the business and finances. Plenty of examples of people doing this.

Memes 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)