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Welcome back to the end of another week with Renaissance - the newsletter equivalent of having such a successful portfolio we’re all having a Jack Nicholson summer this year. 👇

Today at a Glance:

Politics And Perpetual Longs

Tips For Building Wealth From An NFL Advisor

The Renaissance Over-Under

Crypto Market & NFT News

Politics & Perpetual Longs - How We’re Going To Make 10x This Year

For the first time politics is going to massively change the price of crypto, and in the meantime Martin Shkreli is trying to fuck it up!!

*the look he has when he gaslights you into thinking DJT is the official Trump token 👀 (this is actually from a fucking Vanity Fair shoot/story they did on him a while back, hilarious this even happened!)

https://www.vanityfair.com/news/2015/12/martin-shkreli-pharmaceuticals-ceo-interview )

What happened this week, how we played it, and what happens next to make sure we ALL get a 10x here at Renaissance! 🥳

So last week Trump had a lot of fundraisers in Silicon Valley, and took a lot of public positions:

- He finally said he is the man of the people. He’s going to fully support crypto and bring it back to the US, keep regulation low, and support tech and AI!

- He’s the guy… (and by that I mean, the better of the 2 old men options we have. I’ll take the old man that will make me my money).

- He is going to win the election because he’s simply done a much better marketing job.

- As suchhhhhhhh, we’ve been telling you to buy and hold TRUMP related tokens, and election tokens, for months now! That’s still the plan, then this happens, as some freak meta to roaring kitty coming back, so does Martin Shkreli. It’s like good and evil……

A token launched called $DJT: https://www.dextools.io/app/en/solana/pair-explorer/3B5vXBEYAmV8y13pgvzSi7eLDFS5tRd4pZZZPNuA4Ao2?t=1718791762599 

And it ran to $400M basically instantly (now obviously $100M and under no doubt by the time of reading).

Everyone jumped in after this shitty little publication was paid to pump fake news. And also, Barron couldn’t spearhead a fucking sandwich shop let alone a $400M token launch strategy! 🤦‍♂️

Then Bo, close friend of Barron was paid to post this and then deleted it after the initial pump! And people ask why there’s so much crime in crypto - BECAUSE YOU’RE ALL IDIOTS! 😂😂😂

Then Arkham put the $150k bounty out on who actually is in control of DJT, because it is a systematic launch for sure, but completely build on speculation and fake news…..

“He looks like a spoiled brat. I thought it was a disgrace.” - Trump said of Martin when he was put in jail.

It turns out Martin Shkreli is behind it and is still trying to claim it’s real! Even though Trump doesn’t fucking like Shkrlli or need him to launch a token - great post with DD explaining why: https://x.com/i/bookmarks?post_id=1803284271768969358

As you would expect, what happened next is that all the other large cap political memecoins dropped in price by 20-30%!

As people panic sell the fake news bottom because they couldn’t hold on to a fucking hand rail let alone their bags. 🙄

🚨THIS was the actual opportunity - to buy up $MAGA and $MAGAhat at steep discounts before November! 🚨 (and some $BODEN but we’re trimming the position because Trump is clearly going to win, so we’ve consolidated)

Whatever normal frightened idiots do, do the opposite, you’ll make more money! Like this idiot……

And it was especially easy when we keep investing principles in mind and operate with rules or razors: and these 2 apply here right away…

Occam's Razor - The easiest answer is often the right answer.

- Don't complicate your thinking when you don't need to.

- If you hear a quack sound under the sofa, it's probably a duck. Or when you see a shitcoin that’s claimed to be the official Donald Trump coin… it’s Martin Shkreli. 😂

Sagan's Razor - Extraordinary claims require extraordinary evidence.

- The weight of proof rests with the person making a claim, and the more unusual the assertion, the more substantial the evidence needed.

- You should ask for solid proof if someone says they saw a unicorn.

TRUMP position

I’d rather lose a concentrated position than win small by spraying my capital and never making real wealth.

$TRUMP is a 9 month old massive token that’s been building for months and is a community takeover. I know where my money has been and will be! I added more capital to the position in a big way. 👀

https://www.dextools.io/app/en/ether/pair-explorer/0xe4b8583ccb95b25737c016ac88e539d0605949e8?t=1718792911200 

https://www.dextools.io/app/en/ether/pair-explorer/0x0c3fdf9c70835f9be9db9585ecb6a1ee3f20a6c7?t=1718792911200 

$TRUMP $MAGA $MAGAhat are all solid buys for us running into the election news season! Prove it Shkreli or fuck off, I won’t believe random shitnews!

You only have to be right ONCE.

⚡ Just one big right move can erase a lifetime of wrong ones. And that’s what we’re going for here with this position, if it doesn’t pay off that’s fine, but all signs are probable.

Show me a winner, I’ll show you someone who was wrong more than right..… but kept going anyway.

We’re loading up, and to de-risk the concentrated position we’ll sell half on Nov 4th and half on Nov 5th to get the blended average returns on the hopeful win and profit no matter what the outcome. 🔥🔥🔥

Here’s a little haiku I wrote for everyone this week, it might explain the truth better 😂

I see a red candle

I buy

You see a red candle

You sell

I see a green candle

I sell

You see a green candle

You buy

We are NOT the same

And then when Trump wins and we’re in crypto-friendly nirvana, these are open projections…

Now I don’t think this, more like $80-100k, but it will be up in a big way and take Eth and all our altcoins up with it!

The dominos will start to fall, be ready, and now Eth is cleared by the SEC. It’s falling into place for a great end of year run potentially. Don’t be sleeping on this!

Even if it somehow all falls apart, just keep holding your larger tokens for another year, it’s fine.

ETH and the macro thesis

I genuinely do not see any remaining hurdles for Eth between now and the end of the year, I think this could end up being a straight run to $4-5k with a great trending chart for 5 months.

But what can happen is that when money rotates back into Eth as the standard, the gas wars will be insane again. That’s where ‘fuck eth’ $FKETH comes in when all the poor people start crying…..

And when ETH goes up, just like this week after the news, $LDO and $ENS goes up as well - these are great beta plays that move more than the big market mover (Eth) when there’s news!

Easy way to max gains on announcements, we run Eth to $5k with no troubles, and we rip $FKETH when everyone complains the memes are expensive to buy.😂🤝

Sidenote….. we also caught a nice little 16x in 5hrs in the private group the other day, it spoke to me for some reason..… 😭 

And of course, as a reminder we opened the private group to new members! It’s been a very solid week, and if you want to join and get access to all our calls, trade alerts and analysis in real-time hit the poll below and we’ll reach out!

LITTLE BITS 😎

Amazon leaders apparently got a private Foo Fighters concert. Workers are furious. - I would say short it, but it’s Amazon hahah just accept it, no concerts for worker bee’s

Housing is now 'impossibly unaffordable' in these 4 cities — and they're all in the same state

A good thing to monitor for housing prices in key areas, it’s going to get serious out there! 🏠

Rob McElhenney is betting on himself as "Welcome to Wrexham" ends its third season, the entrepreneur is already on to the next thing. - we love Rob, and Always Sunny, another maestro that’s a creative genius and business and finance legend…who does that remind you of…I’ll wait 👀

SEC drops the case against ETH trying to call it a security, price jumps 3%, blooooody beautiful - Solana price drops as the inverse, that little shit cowers in the shadow of Eth and now it can’t be stopped long term… there’s winners and there’s losers 🤷‍♂️

The Gold collection getting sold at Sotheby’s last Tuesday, big day for NFTs and BAYC - the number these sell for basically dictates the health and sentiment of the NFT market.

This is very interesting and is a good signal for the health of our long-term $POPCAT bags….this will come back in a big way when the time is right! https://www.dextools.io/app/en/solana/pair-explorer/FRhB8L7Y9Qq41qZXYLtC2nw8An1RJfLLxRF2x9RwLLMo?t=1718789453901

Nancy Pelosi’s NVDA is up 200%, congrats to everyone that gets their only stock ideas from copy trading her. It honestly works every god damn time. 🤣🤣

NOSTALGIA OF THE DAY

Wealth Building, Personal Finance Hacks & FAT FIRE

3 Tips For Building Wealth From A Financial Coach Who Works With NFL Players

Ever wondered how NFL players manage to keep their wealth? We’ve got some insider tips from a financial coach who advises these athletes. Hillary Seiler, founder of Financial Footwork, helps NFL players build solid financial habits and create long-term wealth. The strategies she shares are not just for athletes; anyone can use them to build financial stability. Here are three tips you can use right now to build wealth:

1. Understand Where Your Money Is Going

Knowing exactly how you spend your money is crucial. It’s so important to track your expenses. “If you feel like you are overextended, sit down and write out every bill you pay and every time you spend money,” Seiler says.

To get started, create a detailed budget that includes all your expenses. This will help you see where your money is going and identify areas where you can cut back. If saving money is your goal, consider automating your savings. By setting up automatic transfers to your savings account, you ensure you pay yourself first before spending on anything else.

2. Invest in Wealth Preservation

Building wealth is a long-term game that requires time, consistency, and effort. Seiler advises seeking professional financial advice to help you navigate this journey. “Engage a financial advisor and take the time to learn about money,” she suggests.

Understanding that your financial life extends beyond just your savings account and 401(k) is essential. Your financial health includes mortgages, auto loans, insurance, credit cards, and more. Each of these components will impact your wealth creation over time. Asking the right questions and understanding what you are financially responsible for even after hiring a financial advisor is crucial.

3. Prioritize a Good Credit Score

In today’s high-interest-rate environment, having good credit is more important than ever! “Credit is king in the financial world,” Seiler states. Good credit can significantly impact your ability to leverage and build wealth.

Financial moves such as buying a home, which is often a first step in building wealth, can be out of reach if your credit isn’t in good shape. To build or maintain good credit, focus on paying bills on time, reducing debt, and monitoring your credit report regularly. A good credit score affects almost every aspect of your financial life and can open doors to better interest rates and financial opportunities.

The Bottom Line

Building wealth isn’t just about how much you earn; it’s about managing your money wisely, investing in your future, and maintaining good credit. By understanding where your money goes, seeking professional advice, and prioritizing your credit score, you can create a solid foundation for financial stability and growth. Ready to take control of your financial future? Start implementing these tips today and watch your wealth grow!

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)