Welcome back to another day with Renaissance - the newsletter equivalent of the mullet, business in the front, party in the back. Now let’s get down to business!

This is your source of tactics, examples, action, and news to perform 1% better every day so that one day someone will say you just got lucky!

It’s Friday, the end of the week, the end of the month, the end of Q1 and the end of the tax year! 🥳

Our accountant when he sees the 60 invoices for midday Margaritas 🍸 and 42,785 trades all for a £12 profit.

Here’s what you need to know today:

Banks runs back in fashion 👖

ChatGPT All The Talk ⚡

Crypto ➡ Real World Assets to Takeover 💸

Tax Year-End Must Knows 📝

.......and of course. Your daily source of Alpha 👇

The Board

The S&P recovers after a rocky start to the year. Bitcoin surges to close out the quarter up big! Outperforming 97% of all the S&P 500 companies in 2023! 

Whilst, get this - being used as a “safe-haven asset”⛅ from the struggling banks.

Business, Money Markets & Financial News

There hasn’t been a bank run like this since my piggy bank in the Summer of ‘07

Silicon Valley Bank resumed trading on the public markets this week and the price plummeted to under a penny. Literally a 100% decline!

This is the largest bank failure since 2008 and the second largest bank collapse in US history!

What’s worse is that reports have shown that the majority of the staff were paid up to 50% of their salary as stock options. These are now completely worthless and they’ve lost millions of dollars and their retirement plans. 💰

Many short selling firms and major money managers, and we at Renaissance, say cry me a river - a junior analyst could have mitigated risk better than SVB!

This is on the back of Silicon Valley Bank purchasing Government 10 year bonds which they planned to hold to maturity for 1.5% profit. Although things didn’t go to plan - interest rates exploded because the Fed tried to fix (break) the world after shutting the economy down, people came to SVB looking to withdraw their deposits, and the bank had to cash in for a whopping $90B loss! And just like 2008 all over again, it was a worldwide disaster or a bailout. 🤷‍♂️

The key takeaways:

- this is a complete paradigm shift where holding your cash in some banks is just about the riskiest thing you could do!

- spread your treasury across multiple bank accounts

- hedge the chance of hyperinflation by owning deflationary crypto

- always short ol' Jim's stock picks

And also - do your job so badly that there is no option but to pay you to fix it! 🛠

I think we can all agree since Chat-GPT4 was released this week, we've all only had one statement on our mind.….

If you're not learning what AI can do for your productivity and business then you've lost the edge!

Here are 20 AI tools you can use right now today! ⚡

Disney are laying off 7,000 -- but leave their staff hanging in Iger's first big move back as CEO

Bob Iger is back baby! Back in the driver seat at the House of Mouse and rather than send the mouse for all 7,000 at once, he’s drawing it out over a month! Week by week who is safe no one knows.🤷‍♂️ Maybe not exactly the world class leadership you expect from one of the top paid CEOs in the world. 💸

This comes after even more layoffs are planned at Meta/Facebook, as well as massive rollbacks on perks, and even more performance reviews. There is literally…..no more free lunches! 🥪

Nasty way to go! It’s a rough market out here, so let me show you a great remote working and recession hack…it’s called make more money and lie…and we love it. 💕

Don’t say we don’t bring you alpha here! Just check out how this guy balanced nine fully remote jobs for a year. 👇

QUOTE OF THE DAY

Crypto Market & NFT News

First up some tragic news 😥, someone accidentally destroyed their CryptoPunk NFT worth $129,000 when they were trying to take a crypto loan against it! It can be easily done so please - if you’re at all interested in crypto loans and the attractive interest rates - just do your homework and watch tutorials!

Our evil rival Morning Brew posted about this saying their first mistake was investing in NFTs. This is a pixelated face. Worth $129k!! 💸And you could have had it much cheaper if you’d been in the space (and reading this newsletter😎) a few years back! This space can change your life if you keep your eyes open.

One Crypto sector is estimated to reach $16 Trillion by 2030: Real World Assets

This will be the the flaming spark 🔥 that brings the masses to crypto. You all thought it was DeFi or NFTs, turns out it’s probably much more normal than we thought huh.

Forget you’re 30 and that it’s almost the weekend…cause school’s in session! 📚

Here's your 2023 guide to RWAs - Real World Assets (and the top protocols):

• Amazon's new NFTs are rumoured to be tied to RWAs

• Goldman Sachs launched GS Dap to tokenize traditional assets.

• Monetary Authority of Singapore is testing asset tokenization via Project Guardian

• Siemens issues a €60m bond on Polygon

The Problems with DeFi:

• Crypto's market cap has reached $1.2 trillion, but still some question its usefulness.

• Critics view it as financial wizardry, speculative games, and a high-risk PVP casino. While, Circle's CEO sees tokenization as inevitable.

• Inconsistent Yields - DeFi yields are great during bull markets 📈 but tank in bear markets  📉 due to lower activity.

• Treasury bills are 4.75% risk-free! Imagine getting stable yields in DeFi without being affected by crypto's volatility…sexy.

Real World Assets (RWAs) are physical assets that can be tokenized and represented on-chain.

An example is a fiat-backed stable coin: $1 is held in a bank and then tokenized on a blockchain.

Any Asset Can be Tokenized. Some examples:

• Precious metals 💿

• Carbon Credits 🌍

• Commodities 📀

• Real estate 🏠

• Equities 📈

• Cars 🚗

The traditional financial system has over $600 trillion worth of assets. Imagine if we tokenize these assets and bring their yield on chain.

The Benefits of RWAs:

• We save money - cutting out the middlemen & rent seekers.

• We have smaller investments - wait you can't buy a whole property? Buy a small piece with a token!

• We gain loan access - it's tough for emerging-market businesses to get funds, but RWAs can help!

Here is the finest vintage of RWAs around in crypto right now! You’re god damn welcome! 🤝

Crypto whales have recently wired $600,000,000 worth of Bitcoin, Ethereum, XRP and ‘The Sandbox’ – but where could it all be going? 🤔

The crypto markets have traded sideways for the last few days and yet massive transactions have been spotted making their way out of large-caps and into smaller alts!

Here at Renaissance we watch whales…that sounds weird but we do! And we copy their advice! 🐳

Wealth Building, Personal Finance Hacks & FAT FIRE

It’s that time of year again guys! The end of the tax year. 📝📝

Nobody panic! But we have have until Wednesday the 5th of April to use up any of that sweet sweet remaining tax-free ISA allowance before - poof its gone forever.

We all know it’s not sort your life out Wednesday, it’s sort your life out Sundays! So we here at Renaissance would advise you do this in advance.

Oh, and don’t forget about that LISA allowance. A free £1k from the Government and the closest thing there is to a free lunch so get yourself involved! Boring details on restrictions below:😴 

https://www.moneysavingexpert.com/savings/lifetime-isas/

Who doesn’t love breakfast in bed?🥐 ☕ It’s also that time of year were some of you out there may be suffering from success! Look out for the capital gains tax as it can get you.

The ‘Bed and Breakfast’ special ➡ Sell your assets prior to the end of the tax year ➡ Repurchase 30 days later ➡ Limit your capital gains tax liability.

https://www.investmentguide.co.uk/capital-gains-tax-30-day-rule/

…And if you don’t want to wait 30 days. Check out the ‘Bed and Spouse’ strategy! ….(not as interesting as it sounds).

Sell an asset to crystallise a capital gain ➡ Get your spouse or partner to buy it back immediately ➡ they transfer it back to you ➡ Voila! You crystallise a capital gain while still retaining ownership of the asset!

 https://www.fool.co.uk/2021/02/11/what-is-the-bed-and-spouse-tax-strategy/

Physical & Mental Health

A recent health and fitness study from the University of Copenhagen found that exercising in the morning may be more effective than exercising later in the day! 🏋️‍♂️

The study followed one group who exercised for 60 minutes in the morning before eating breakfast, while the other group exercised for the same amount of time in the evening after eating dinner. 🍝

After six weeks, they found that the morning exercisers had a greater increase in fat burning compared to the evening exercisers. They also shown improvements in their blood sugar control and insulin sensitivity.

This study suggests that the timing of exercise may play an important role in its effectiveness, and that exercising in the morning before eating may be a simple and effective way to improve overall health!

One nil for the early risers. 😎

Sports

Things have been hotting up 🔥 in the bidding war for football club Manchester Utd the past week, with financial titans from all over the world throwing their hat in the ring. No matter East or West, Biggie or Pac, Apple or Huawei - the one thing they all do have in common – very deep pockets. 💰

In the second round, Qatari banker Sheikh Jassim Bin Hamad submitted a new bid reported as a “new, improved, debt-free world-record bid!” I mean this bid is huuuuge. 🤚✋

Jassim is the son of a former Qatari prime minister and would be joining the leagues of Manchester City owner Sheikh Mansour (Deputy Prime Minister of the U.A.E) and Saudi-owned Newcastle United to own a piece of the beautiful game.⚽

This is just another prime example of the cash flushing into English football. A startling look at the January 2023 transfer window shows that the Premier League spent nearly three times more than the next five biggest leagues combined!

Meme of the Day

Music

Madlib - AKA one of the best producers in the world - was given free access to dive into the vaults of legendary, esteemed jazz label Blue Note records. 💽

The result, Shades of Blue. Enjoy the amazing interpretations of these Blue Note classics below. 👇

People You Should Know

Adam Neumann

The legend himself. The unique blend of hippy free-spirit and hard line capitalism. Let’s order our Kombucha in champagne flutes shall we! 🥂🥂

The founder of WeWork, which quickly became one of the fastest-growing start-ups in the world (that was until people got a look behind the curtain👀). Upon filing for IPO the paperwork revealed the company was bleeding money, with further scrutiny coming from Neumann’s business practises and notorious partying ways. 💃

I mean c’mon - a company that's all about communal workspaces, yet the founder is known for meeting staff and prospective employees while riding around in his Maybach? Then when he’s done – telling them to get out and ride in a separate “chase car” in his convoy? 🚗🚙

Despite his quirks, there's no denying that Adam is a force to be reckoned with in the start-up world. Love him or hate him (or just think he's hilarious!), there's no denying that he's made a big impact with WeWork and beyond.

And get this …. Adam is back! Launching a new rental-housing company called Flow. Legendary venture capital firm Andreessen Horowitz has just invested $350 million into it! Their largest single investment ever! This is definitely one to keep an eye on!

Riddle

What has two banks but no money? 💰

Answer to last week’s riddle : Seven

Referrals

You are: 1 referral away from The Next 10x Opportunity in Crypto for 2023 Report

Simply refer your friend using the link below ➡ Reply to this email with the word 'Report' cc'ing in your friend ➡ The report is all yours!

That’s a wrap for today! Meet us on Twitter to talk all about it. Where every day we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)

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