Crossing the $100K milestone as an Undergraduate

I did it. I broke the $100K psychological barrier net worth figure which was seen as a typical benchmark for individuals under the age of 30. To be honest, nothing much have changed to my lifestyle even as my net worth continues to compound from my investments and yield-generating assets.

I have been wanting to cross the 6-figure portfolio for the longest time, because your compound interest from investing truly becomes extremely significant when your capital is at least 6-figures. 10% of $10,000 is $1000, while 10% of $100,000 is $10,000. You get the point.

So how did I get to this point? No, I did not win a lottery ticket, it was simply prudent investing, and taking profits and letting compound interest do its work. I did not have any magic formula or secret trading techniques. I sticked to what I know and understand, and just executed my game plan.

Started off with the stock market (2018-2020)

I first started investing back in 2018. Back then, I was absorbing everything I could from every investment book I could get my hands on. Over time, I gravitated towards the investing philosophy of Peter Lynch and Philip Fisher (still applies today), and went to seek out outperforming growth stocks with impregnable economic moats.

I focused on building my circle of competence and sticking to stocks which I understood and had huge conviction on. From 2018-2020, I was pretty much compounding my portfolio of stocks on an annualised basis of ~24% APY, not too shabby. I was able to outperform average stock market returns over a period of 3 years using my own knowledge and stock picking, so it was pretty cool thinking back.

Turning Point: August 2020 -> Crypto Rabbit Hole

Fast forward to August 2020, I was officially introduced to crypto by a friend from University and dived down the crypto DeFi rabbit hole.

It was at this juncture I was exposed to all the jargons within the crypto space, learnt about the different types of crypto including store-of-value crypto tokens like Bitcoin, utility/smart-contract tokens such as Ethereum, farm tokens such as Autofarm token, stablecoins such as DAI, USDC, UST and many more.

I started my yield farming journey in Binance Smart Chain when it first launched around the end of 2020, tried out AMMs and did LPs, experienced impermanent loss and farmed tons of inflationary tokens and understood yield farming, moved on to other chains and took advantage of the liquidity mining incentive programs like Polygon/Avalanche/Fantom and made significant gains from the farms.

As I became more and more well versed with the world of DeFi, I jumped into high-risk yield farms like MALT, and experimenting with unsustainable yield farms and eventually doing proper due diligence and porting over my knowledge from the stock market over to crypto, which I feel gave me a huge advantage because the crypto world is filled with too many short-term individuals who are basically speculators instead of investors.

Know what you own, and why you own it

This quote by Peter Lynch has always been my investing mantra no matter which asset I was investing in. If I can understand a project deeply (just like how I can understand a company deeply), then I will start to build conviction and allocate capital and let the thesis play itself out.

Innovation S Curve is literally playing out for Crypto/Blockchain

The reason why crypto has so much more upside compared to the stock market is because of the market cap. The entire crypto space is currently valued at $2+ Trillion right now. If you compare it to the market cap of Gold ($10 Trillion) or the stock market (~$100 Trillion), crypto is still extremely small and young, which explains why it is so volatile. By the time mass adoption take place (when volatility is more relatable to the stock market), crypto might already be a $10 Trillion industry (perhaps larger).

If you are in crypto now and you have personally tried out Metamask or interacted with smart contracts before, give yourself a pat on the back. You are early.

The next 10 years will be exponential as smart money enters this space and the whole asset class starts to mature and gain traction as a mainstream asset.

How I got to >100K

As mentioned above, as my conviction in the crypto space deepens, I rotated my capital from stocks into crypto completely in March 2021, and it was the best decision I ever made.

If my capital remained in stocks, I would have made roughly +68% Year-To-Date from my stock picks, which is pretty great, but the same capital that got rotated to my crypto portfolio is currently a +700% (7x) Year-To-Date, largely due to the allocation to Fantom (FTM) and AXS. I would have missed out on an opportunity cost of over 600% gains if I left my capital in the stock market.

I also regularly took profits from my crypto every time my capital 2x itself. I’ll pull out the initial capital and let the rest of the profits run. Doing so has allowed me to compound my portfolio over time and prevent myself from losing money.

You get my point here.

Multiple Passive Income Streams

After rotating from stocks to crypto, I started to build up multiple passive income streams within crypto, either through staking, yield farming and most recently, Axie Infinity Scholarships from July 2021 onwards. I also allocated capital into utility-NFTs that generate passive rewards such as MutantCats and Kaiju Kingz.

Mini-Update on Axie Scholarship

Currently, my girlfriend and I have 25 scholars under management and have introduced incentives for scholars to raise revenue and improving the overall average SLP earned per day. Our 25 scholars are averaging ~170 SLP per day with some scholars able to earn more than 200 SLP/day and maintaining 2200+ MMR which is super impressive.

Based on this revenue stream, we are able to generate an average passive income stream of 4100 SGD/month each since the inception of the scholarship business (3 months ago). Being a student, having such a great passive stream is a great boost to overall cashflow and ability to continue re-investing either more scholars to scale up the scholarship or dollar-cost into our high conviction crypto bets.

And 4000 SGD passive income monthly is extremely hard to attain if you do it the traditional way. Assuming you put it in CPF (4%) or get a dividend stocks portfolio with a annualised yield of 5%, that would require 1.2 Million capital at a yield of 4% or $960,000 capital at a yield of 5% respectively to generate that level of passive income. That is the financial freedom figures that most Singapore bloggers I’ve seen hope to attain. If only they knew about Axie Infinity… 👀

Our Axie scholarship capital outlay is no where near that amount mentioned above (its <30K). So the ROI from scholarship is super profitable relative to traditional ways of attaining passive income.

Utility NFTs

Mutant Cat NFT

The recent trend in NFT seems to follow a model pioneered by CyberKongz. In essence, I allocated capital (ETH) into a project called MutantCats which generates 10 FISH tokens every day for staking 1 Mutant Cat.

Meet the Mustachio

Each FISH token is worth 6 USD at the point of writing, which translates to a neat passive stream of 1800 USD per month. (assuming price stays constant)

Kaiju Kingz NFT

Another NFT project with a similar yield concept is Kaiju Kingz. I am currently co-owning the NFT and to sum it up: Each Kaiju Kingz generate 5 $RWASTE tokens per day with 1 $RWASTE worth 20 USD at the point of writing.

Rarity 629/3333 Genesis Kaiju

Holding the genesis Kaiju would translate to 3000 USD per month at the point of writing.

Crypto outperformed Stocks from my own experience investing in both asset classes

Portfolio Return Year-To-Date (15 October 2021)

The above is my returns from the start of the year to the point of writing. The lines you see below are the stock market benchmark indexes which is self-explanatory.

Crypto outperformed stocks, and it will continue to do so. I also did an experiment on 3 hypothetical portfolios on the effects crypto can have on potential returns in a stocks portfolio. The returns were not backtested and are reflecting the real-time gains between the different asset class.

It is also another push factor that convinced me to rotate my stocks into crypto instead.

Q4 2021 Game Plan

Honestly, hitting 100K does not change my lifestyle in any way. I am still re-investing my capital back into crypto with all my profits and passive income streams to compound it even further.

I can choose to buy a car now or rent and live in a cozy apartment now that I have a steady stream of profitable passive income. I pretty much have a degree of financial independence with my passive income stream funding my cashflow and allowing me to funnel back into my portfolio, while also providing for my basic daily expenses and seldom splurges, and not having to worry about running out of cash flow.

Q4 will be tough, because I now have a Full-Time role in Delphi Digital as an Analyst while still juggling with my University workload. I will have less time to blog and probably less time to focus on my grades lol.

For Q4, my investing strategy is simple:

  1. Stick to my convictions (ETH/FTM/LUNA)
  2. Concentrate my portfolio
  3. Keep 5%-10% in Stablecoins
  4. Take profits from the potential crypto bull cycle back into ETH/Stablecoins
  5. Know what I own and why I own it (Sticking to circle of competence)
  6. Build up deeper NFT Gaming/DAOs exposure

Now that my portfolio can finally compound exponentially, portfolio concentration will be my strategy going forward and hopefully I can go for the next milestone of a 200K+ portfolio.

Crypto is a crazy place, if Bitcoin were to go towards a similar run-up like Gold did when the ETF first came out, then the upcoming Bitcoin bull-run might be something no one would have predicted.

No one knows though. But long term wise, I am super bullish on this sector and will be contributing to the education of this sector and driving mainstream adoption even further.

Crypto is the next industrial revolution and not many can see it. I am sure people will be flocking to blockchain-based companies in the future instead of traditional sectors. Time will tell eventually. In fact, talents are already moving from the traditional world into the crypto world.

If you think crypto is interesting but you find it hard to learn about them, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

AMEX Credit Card Promo: Earn up to $365 SGD of Bitcoin when you sign-up for an eligible AMEX Credit Card here!

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Investment and Life Updates

Insane how time flies. In the blink of an eye, it is already October and 2021 is ending in 2 months time.

General Updates

The past few weeks had been busy with Mid Terms and exams, and projects are starting to pile up. On the work side, I am happy to announce that I will be working Full Time as an Analyst for Delphi Digital, one of the most renowned research and consulting firm which focuses on crypto and digital assets. It feels exciting and daunting at the same time as now I have to juggle my time management even more wisely now that I have a full-time job while trying to complete my degree.

On Axie Scholarship Business

The scholarship has now expanded to a total of 25 scholars under management. This is a combination of re-investing the passive income from the scholarship in the form of SLP and also injecting profits made from investments and converted to ETH to build more teams and onboard more scholars.

As the scholarship continues to scale, our income in SLP terms has been growing exponentially, but due to the value decline in USD, our passive income has pretty much been the same in USD, which nets around $8000-$9000 USD per month on average.

The goal for the scholarship right now is to ramp up the SLP generated by weaker scholars by up-skilling and coaching the weaker scholars, and promoting potential scholars into a Manager role to oversee a portion of the scholarship as it scales bigger over time.

October marks the 3rd month of running an Axie Scholarship and so far the initial capital invested has already broke even. With the launch of AXS staking, my idle AXS profits are now staking happily in the staking contract, yielding a comfortable ~200% APR that can be re-compounded daily through re-staking the earned AXS.

The next step for Axie Infinity will be the Ronin Decentralised Exchange (DEX), which will bring in the concept of AMM (Automated Market Maker), and even Liquidity pools for SLP, AXS and WETH. This also makes the Axie ecosystem even more frictionless and I believe this will be another major catalyst that will bring AXS closer to its fair value.

AXS currently still look undervalued in my personal opinion (This is not financial advice).

With approximately 13% of the circulating supply staked in the staking contract and treasury accumulating more AXS from breeding, a positive supply shock is imminent for the AXS token when demand eventually outstrips supply (issuance) by a big margin.

At the point of writing, AXS only has a P/E ratio of 7.69x, so most are still going to miss out on this token yet again, despite me calling out AXS being undervalued since it was $10.

In the end, you need to do your due diligence and build the conviction yourself.

With Battles V2 on the way, that means Axie Infinity is going to launch on the Apple App Store and Google Play Store, making it even easier for the mainstream world to onboard the game. V2 also will feature Free-To-Play Axie teams for players that don’t wish to invest financially into the game, but enjoy the game itself. Free-to-play will not feature the Play-to-earn features that current Axie players enjoy, as you need to have skin in the game to reap the monetary rewards.

I expect Axie Infinity to blow up once V2 is live. The graphics, gameplay, engagement will all get elevated to a whole new level. It will shock everyone especially the bears who has been calling it a Ponzi scheme. They will continue to be proven wrong, again and again.

Investment Updates

TWR Year to Date – Portfolio (Red), S&P 500, Straits Times Index, World Equity Index (Yellow, Green, Blue)

Performance wise, it has been a wild ride. As you can see above, crypto-based returns profile are extremely volatile. But with the increased volatility, you are able to capture insane gains from the markets due to market inefficiency, as well as the tons of undervalued crypto projects that can 10x or 20x upon price discovery.

My returns profile also made the traditional stock market returns look like bond returns when compared side by side, as you can see the volatility difference above.

Originally, I estimated my portfolio to attain a 100k portfolio on my graduation year in 2024. But I guess that is going to speed up thanks to the alpha and profits I made from switching fully into a 100% crypto portfolio. Hopefully attaining that psychological achievement of a 6 figure portfolio by year end but pretty much nothing will change to my way of life. I will continue to re-invest my profits and grow my portfolio.

Some of my best performers (ROI) thus far are:

  1. Fantom (FTM) – 7x
  2. Axie Infinity Shard (AXS) – 5x
  3. ETH-based NFTs – 2x
  4. Yield Guild Games Token (YGG) – 45%
Portfolio Allocation as of October 3 2021: ETH (Blue), FTM (Orange), AXS (Green), USDC (Red), Luna (Purple), YGG (Brown)

I went with a concentrated portfolio approach to make concentrated bets on my highest conviction plays. My ETH and FTM allocation is pretty much set, and I might rotate my capital from ETH into other assets based on the market sentiments and whether I can find a project which I am extremely bullish on and make a concentrated bet.

Crypto markets move super fast. A week in crypto is like 1 year in the stock market. Heck, sometimes a few days in crypto is like a few years in the stock market. The crypto market cap is only 2+ Trillion USD right now, so there are still tons of room for growth and we are only in the early innings of what’s to come.

Exponential growth cannot be gauged, because we as humans already have trouble trying to do mental sum for 13*27 without using a calculator, so it will be impossible for us to comprehend an exponential asset class like crypto.

If you are involved in this space, I congratulate you because you are still super early. Crypto is here to stay, simply ignore the fear and doubts, stick to your convictions and eventually the fruits of your labour will present it themselves.

Risk Management is Key

I will have to re-adjust my portfolio goals again as my estimated return is already outdated thanks to the outsized crypto returns. Of course crypto won’t always be rainbows and butterflies too, but if you know how to manage your risk and downside, the asymmetric risk-reward potential is something the investing industry has not seen before and I feel bad for anyone still refusing to learn about crypto in general.

Alpha Leaks:

EmberSword

In terms of what I am looking out for the in the following few months, I am planning to bet big on an upcoming Play-To-Earn MMORPG game called EmberSword.

Just look at it. Warcraft/Maple/Monster Hunter OGs will totally understand how EmberSword will work

I have talked about EmberSword in my Telegram Group about my successful Land allocation. Essentially, the game model will be different from Axie Infinity but will be Free-To-Play at its core, meaning anyone can play the game.

The Play-To-Earn features will be for Land Owners. Land owners will be able to get a share of the revenue generated from the game with $EMBER token at its core. Players will be able to purchase exclusive Skins and items upgrades using EMBER tokens which are essentially ERC-20 tokens and can be traded for other crypto tokens or converted to fiat currencies like SGD or USD. The amazing thing is that each individual skin or forged items are individual NFTs which are unique and immutable, so no one person will have the exact same skin or equipment.

The land sale has already ended this time round, and I was lucky enough to have my application reviewed and approved by the EmberSword team with an allocation to 1x Regular Plot, which is essentially a piece of NFT and I can build different things on my piece of land, and I get to receive passive revenue streams from the game economy as well as loot drops that can be traded on the market.

EmberSword Badges

Land owners are also entitled to buy a EmberSword badge, which essentially is a unique NFT with finite supply. Badge holders will have early access to the game, flex the badge in-game, and be granted equivalent EMBER tokens when the token officially launches.

The different badges (Tiers) and amount of Ember Tokens that can be claimed

For me personally, I have already done deep research into the game, the developers behind and investors backing this project, and thus will be eyeing for a Platinium Badge which will cost me $25,000 USDC to purchase. There will only be a total of 100 Platinium Badges, so I am crossing my fingers that I acquire 1 before it sells out on Sale Day.

With the platinum badge, I will also be allocated with a total of 250,000 EMBER tokens which means I will be able to acquire EMBER for $0.1 USD per piece, essentially making me a Seed Investor for the game.

If Ember were to see a similar trajectory as Axie Infinity, and potentially even bigger given how many players are already involved in MMORPG games, the Ember token might take off in an “AXS-like” fashion and allow me to secure a good bag of profits.

There will be future land sales for the other 3 continents that is set to release in 2022 onwards, so stay tuned for the announcement if you want to get a piece of land yourself. Please also do your own research and due diligence, as none of the above is financial advice!

Terra Ecosystem

Another aspect of the crypto space that is gaining traction and seeing billions of asset inflow is Terra’s ecosystem.

With Colombus-5 upgrade, the ecosystem will be burning Luna perpetually as UST gains widespread adoption, and the influx of top-tier protocols and money market projects like Mars Protocol, Orion Money, Nexus Protocol, Nebula Protocol and many more would mean the Terra Ecosystem will be a money market (stablecoins) main stay in the crypto space. Combine that with Cosmos Inter-Blockchain capabilities and the integration with a multitude of bridges, there is no doubt Terra is going to be one of the most used Layer-1 after Ethereum.

As such, I am trying to understand the multitude of new projects that will be launching on Terra in the following weeks and months, so it is going to be an exciting future ahead for Terra.

Macro Outlook

The Evergrande and China’s domestic economic instability are causing the global economy to shrink further into fear territory. However, whether the contagion takes place or not, I will always remain invested because I focus on the long term and not the short term.

If market really collapse in 1 to 2 months from now, no problem, I will just deploy fresh capital to buy the dip and if market don’t recover for the next few months, I will do just fine.

Always remember not to put in money you can’t afford to lose and understand your own risk tolerance.

The key here is to stay invested at all times so you refrain from actively trading which often leads to sub-par results and losses. It is simply impossible to time the market tops and bottoms, so you might as well ride the wave up.

In the long run, markets will always trend upwards because of productivity and growth, but this might not be the case with the money printing by central banks, which is artificially inflating the market and high inflation will be on the rise in the next few years.

Inflation will eat away at your wealth while you sleep

Those who don’t own any assets will have a tough decade ahead, because inflation will tax everyone regardless of their status or net worth. But again, invest at your own risk. Knowing how to manage risk and balancing risk-rewards ratio is ultimately the key and thinking long term is the most important.

If you think crypto is interesting but you find it hard to learn about them, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

AMEX Credit Card Promo: Earn up to $365 SGD of Bitcoin when you sign-up for an eligible AMEX Credit Card here!

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Hodlnaut Long-Term Review; And Upcoming Android Launch!

I have been using Hodlnaut for 4 months now, and I first introduced it in my post here where I talk about how you can earn up to 12.7% APY on your crypto assets such as Bitcoin, Ethereum and Stablecoins like USDC, USDT and DAI.

Today, I would like to share my review after using it for some time and some feedbacks as a user myself.

Crypto Market moves extremely quickly

Crypto market is a crazy place, and over the past few months, we saw the rise of NFT season in August, Layer 1 Season where different blockchains like Solana, Fantom, Avalanche, Terra and many more saw 2x-7x gains in the span of a few months.

Right now with the fears of Evergrande’s default contagion spooking the entire financial market while governments are continuing to pump liquidity to reassure the market and also Fed announcing the imminent tapering of bond purchases and rate hikes, we saw a slight relief rally among the markets, including crypto.

Even through all these craziness, if you continued to hold on to your investments with conviction and even buying dips during the dumps, you should be in profit right now.

Hodlnaut is robust and easy to use

Throughout this 4 months of experimenting with Hodlnaut, I didn’t experience any sort of stability issues even during turbulent times and was able to deposit and withdraw my crypto with ease. The app is so simple to use that even kids will be able to navigate the app with ease, so kudos to the team on that!

For a more detailed review of Hodlnaut, you would want to check out my review here first before moving on.

I have been receiving weekly payouts every week and earned 4-digits passive income from my interest accrual over the past 4 months. How much does savings account give again?

Hodlnaut Team listens to the Community

One thing I am heartened about Hodlnaut is that they are extremely receptive of community feedbacks and are constantly trying to think from the customer’s perspective to provide a top-tier security crypto platform with market beating products that benefit the users.

From June when I first introduced it till now, some of the awesome things they did were:

  1. Lowering withdrawal fees
  2. Introduced Preferred Interest Payout (Pay you the crypto of your choice)
  3. In-App Access to Insurance Purchase from Nexus Mutual
  4. Introduction of Tier-ed interest and Increasing Base Interest Rates
  5. Launched their iOS App
  6. In-App Token Swap Feature

The team is very dedicated to improving their platform so I think I am very humbled to have introduced this awesome app to many crypto users and for those who used my referral link, thank you from the bottom of my heart as well!

Revamped Referral Program

Currently, they are offering a new referral program for new Hodlnaut users that will run from September 20, 2021 to October 22 and you get to earn up to 1040 USDC for doing so as well!

This is how the referral will work:

Tier 1: Earn a one-time bonus of 40 USDC for the first active user you refer. 

Tier 2: For every additional active user that is referred after the first user, the referrer will get 20 USDC per new user.

Theres also a requirement for what constitutes as active user which are highlighted here:

  1. New users must sign up with Hodlnaut’s website or mobile application.
  2. Users must use the unique referral link when signing up for a new account.
  3. Users need to submit KYC verification and ensure it is approved.
  4. Deposit a minimum of US$1000 worth of supported crypto assets in a single transaction as their first deposit or within 1 week of the first deposit.

Not only do you get to earn the bonus USDC rewards, you will also earn a 10% perpetual commission on your referees’ interest on top of the above bonuses, at no cost of the new user and simply an incentive from Hodlnaut for introducing new users into the platform.

It’s a pretty decent way to accrue passive income if you ask me.

Good News For Android Users

For those using Android smartphones, there is going to be an upcoming Android App launch that will ease your Hodlnaut experience even further. Currently, only the iOS app is released but it won’t be long before the Android version will be available on Google Playstore soon! So stay tuned for that Android users!

How to transfer crypto into Hodlnaut

Below, I will highlight the steps to take to safely deposit your precious crypto assets into Hodlnaut

  1. Create a crypto exchange account (To buy/Sell) + Hodlnaut (Savings account)
  2. Buy your crypto on an exchange (I use Gemini Active Trader as each buy/sell is 0.35% per transaction and Gemini has 10 free crypto-crypto transfers/month)
  3. Transfer the crypto through the blockchain (Copy&Paste the address for transfers between the exchange and Hodlnaut)
  4. Wait for your crypto to be deposited and congrats on achieving daily compound interest!

Gemini Exchange 

Exchange wise, I highly recommend Gemini and its my personal exchange of choice since they have 10 free crypto-crypto transfers every month and also extremely low trading fees (0.35%) for Gemini Active Trader for purchasing BTC or ETH using SGD. 

You can read up on Gemini in greater details in a post I wrote here.

Otherwise, you can use Binance.com and use USD to buy BTC, WBTC or ETH and their fees are just 0.1%! But you have to take note of the withdrawal fee for Binance and transfers in USD only.

Once you have purchased the required crypto assets from the exchange of your choice, head over to the exchange’s withdrawal function and withdraw the crypto asset into your Hodlnaut address for the corresponding crypto asset.

And poof! Your crypto should appear in Hodlnaut in no time. Congrats! Now you are earning interest which are paid out every week!

Withdrawing from Hodlnaut

The withdrawal process is simple. To withdraw from Hodlnaut, you basically reverse engineer the way you deposited your crypto in the first place. 

  1. Head over to withdraw, and select the crypto you wish to withdraw. 

2. Once done you just copy and paste your address from the exchange you are withdrawing into. Double check the address and confirm the withdrawal.

3. Your crypto should be in your new address in no time.

Do note that withdrawal are processed daily at 5PM Singapore Time.

Conclusion

Hodlnaut is absolutely hitting the home run with industry leading interest rates on 6 of the most popular crypto assets right now.

In terms of interest rates, Hodlnaut absolutely crushes it with their market beating APYs and with MAS licensing on the way, it won’t be surprising before more realises the potential of this platform and a gateway for mainstream investors to hop onto the crypto train.

The team is actively engaging with the community and getting feedbacks from users and implementing them almost every month. So expect the user experience to get even easier and even better over time as well!

The app is hassle free and super easy to use. You have to try it out to believe it.

Still in doubt? You can head over to their FAQ and learn more about them here.

Some Ways to Deposit Crypto 

Here’s how I would go about looking at depositing crypto tokens right now:

For BTC, ETH, DAI: Bank — Buy via Gemini –> Withdraw and Deposit into Hodlnaut (interest 7.5%-12.7% APY)

For USDT, USDC: Bank — Buy DAI via Gemini –> Withdraw and Deposit into Binance.com –> Convert DAI into USDC/USDT  –> Deposit into Hodlnaut (interest 12.7% APY)

For Altcoins such as DOT, BNB, LINK, MATIC: Bank — Buy via Binance.com –> Withdraw and Deposit into Nexo/Celsius (APYs varies according to the asset)

Hodlnaut Referral Bonus!

Interested to sign up with Hodlnaut and earn high interest on your idle crypto assets? Use this exclusive link to receive a US$20 signup bonus after making an initial deposit equivalent of US$1000 on any of the 6 supported assets! (Can Sign-Up using the iOS app or on web version)

If you think crypto is interesting but you find it hard to learn about them, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

AMEX Credit Card Promo: Earn up to $365 SGD of Bitcoin when you sign-up for an eligible AMEX Credit Card here!

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Get Free Bitcoin for Signing Up a Credit Card! (#ownthefuture Campaign)

For those who are not in the loop, Seedly and SingSaver recently launched their new #ownthefuture campaign that is offering Bitcoin as a sign-up bonus!

Yeah it’s crazy, Bitcoin is gaining more and more traction and this campaign will boost mainstream adoption of crypto even further. I am happy to see that crypto is getting more and more recognised, and it won’t be long before more people realise the benefits and efficiency crypto brings to humanity.

It is available to both new and existing customers as well.

Bitcoin as Reward? The FIRST of its kind

Typically, credit card sign-up gifts range from gift vouchers, Apple AirPods, cash, or other merchandise, but in this case, it is none of these. This is the first time we are seeing Credit Card rewards giving out Bitcoins, which is the largest crypto by Market Cap and saw a meteoric rise from less than $20,000 USD last year to nearly $50,000 USD right now. (at the point of writing)

This is a sign of mainstream adoption and I am heartened to see that the campaign bonus is Bitcoin which can bring in tons of new crypto holders and allow them to understand and get educated about the new asset class.

In this campaign, SingSaver partnered with American Express to offer Singaporeans with a sign-up bonus of $365 SGD in Bitcoin, which is eligible if you are an existing holder too, so not just the new cardholders benefit.

Campaign Period

The campaign will run from 13 September to 10 October 2021, and to be specific, new AMEX customers will receive $265 SGD worth of Bitcoin while existing AMEX customers will receive $50 SGD worth of Bitcoin when they sign up for any eligible AMEX cards listed below.

The 5 Eligible Credit Cards which are part of the campaign

Personally, I think this is attractive because as a crypto user myself, I am more interested to get Bitcoin compared to receiving cash or gift vouchers or other conditional rewards, reason being, Bitcoin is a perfectly scarce asset that will appreciate over time, compared to cash which devalues over time due to money printing and other inflationary mechanics.

You will need to build your own convictions though, but rewards wise, I am definitely keen on it.

First 2000 applicants gets rewarded with more Bitcoin

The first 2000 successful applicants will also receive an additional reward of up to $100 SGD worth of Bitcoin on top of the existing reward, so in essence, new AMEX card holders get $365 SGD worth of Bitcoin for free.

As for existing AMEX card holders, being in the first 2000 applicants will grant you an extra $50 SGD in Bitcoin, bringing the total reward to be $100 SGD in Bitcoin.

Not too shabby at all. 

Do note that each successful applicant is only entitled to a maximum of one reward, so even if you signed up for 2, 3 or 4 cards, you are only entitled to just one reward. (eg. $365 in BTC for new customers or $100 in BTC for existing customers in the first 2000.)

How do you know if you are a new or existing customer?

New Customers do not hold any AMEX cards now or in the past 12 months

Existing customers are those who hold an AMEX card right now or cancelled one in the past 12 months, and you also must not have applied for the same credit card within the last 12 months.

Reward Eligibility

In order for you to be able to retrieve your Bitcoin reward, you need to sign up and receive approval latest by 15 November 2021, and you will not be able to claim other offers listed for AMEX for the relevant AMEX Credit card you applied for.

Eligible Card Sign-Ups and Key Features

CardKey FeaturesNew User RewardExisting User Reward
AMEX True Cashback Card-No Min. Spend/Earn cap.
-3% Cashback for first $5000 spend within first 6 months (1.5% subsequently)
265 SGD in Bitcoin (+100 SGD for first 2000)50 SGD in Bitcoin (+50 SGD for first 2000)
AMEX KrisFlyer Credit Card-5000 KrisFlyer miles upon first spend on Card (first time applicants)
-Receive 5000 bonus KrisFlyer miles when you spend $3000 in the first 3 months
-Earn up to 3.1 KrisFlyer miles for every $1 spent on eligible spend
265 SGD in Bitcoin (+100 SGD for first 2000)50 SGD in Bitcoin (+50 SGD for first 2000)
AMEX KrisFlyer Ascend-5000 KrisFlyer miles upon first spend on Card (first time applicants)
-Earn up to 3.2 KrisFlyer miles for every $1 spent on eligible spend
-Complimentary night stay at partner hotels and more
265 SGD in Bitcoin (+100 SGD for first 2000)50 SGD in Bitcoin (+50 SGD for first 2000)
AMEX CapitaCard-Dining privileges up to 50% savings on food orders at specific restaurants/hotels265 SGD in Bitcoin (+100 SGD for first 2000)50 SGD in Bitcoin (+50 SGD for first 2000)
AMEX Platinum Credit Card-Earn up to 3% rebate spent at participating merchants in CapitaLand Malls in towns and 2% rebates in heartlands
-Earn additional 5% rebate at participating STAR X’tra partners in CapitaLand Malls
265 SGD in Bitcoin (+100 SGD for first 2000)50 SGD in Bitcoin (+50 SGD for first 2000)

As you can see above, depending on your personal preference and needs, you can sign up for a Credit Card which best suit your spending style, and what kind of perks you are looking for.

Personally, the AMEX True Cashback looks most viable for myself, as I could care less with the KrisFlyer points, but to each his/her own right?

If you need to see the details of each card, you can head over here to view them.

Do note that in order to qualify for the Bitcoin rewards, you need to meet the minimum spending requirements:

For AMEX True Cashback/KrisFlyer/CapitaCard, you need to spend a minimum of $500 within 30 days of card approval.

As for AMEX KrisFlyer Ascend and Platinium Credit Cards, there will be no minimum spending requirements, but you must pay the first year fee of $337.50 for KrisFlyer Ascend Card and $321 for the Platinum Credit Card.

*There is also a list of excluded spending categories here , so do take note that there are some which does not qualify as spending. Hospital/donations or other spendings not listed under the catergories will qualify as eligible spending.

How to Apply

Applying for the credit card is simple, you can click on the links in this article to apply or click here.

  1. Once you are directed to the Seedly x SingSaver landing page, enter your email address and click on [Confirm]
  2. Complete your application and take a screenshot of the Application Reference Number
  3. Fill up the SingSaver rewards form that will be sent to your email. You need to fill up this form in order to claim for the Bitcoin reward.

Gift Fulfilment

The Bitcoin rewards will be fulfilled within 16 weeks of meeting the qualifying criteria noted above. You will also receive additional information from SingSaver via Email on how to receive your Bitcoins.

Also be aware of scammers too! Seedly and SingSaver will never ask you for your crypto wallet address nor conduct any form of airdrops. You can reach out to SingSaver if you have any questions as well! Their contact email is: info@singsaver.com

Terms and Conditions

The campaign T&C can be found here

Affiliate Discretion:

This is a collaboration post with the campaign partners and links in this article may generate affiliate commission that supports this website to keep it running. I’ll earn a small commission, at no additional cost to you. I just think this is a worthwhile collaboration since this is helping to spread crypto to the masses and opening their minds, which is something I strive to do as well.

If you think crypto is interesting but you find it hard to learn about them, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Stocks and Crypto Portfolio Update (August 2021)

August have been an amazing month for the stock market and crypto space. It was also the first month for me to process my Axie scholarship payout for the first time at the end of this month and cashed out roughly 38,000 SLP in the process too!

Managing the scholars was not easy, and we had to make the tough decision to kick out a few scholars due to poor performance, lack of motivation and dishonesty issues. So far, we have 21 scholars under management, and we have currently stopped breeding more Axies as it is unprofitable to do so and more cost-effective to buy directly from the marketplace instead.

Aside from the Axie scholarship, I also realised some profits from my stocks portfolio with a net gain of +31% in realised profit. I have been trimming my stocks portfolio over the month as I become more and more bullish about the crypto space and all the alpha I am missing out on.

It might look like I am over-allocating to crypto but I have built up a solid thesis and am convinced that crypto is my flight ticket towards financial freedom, not stocks. More on this later.

August: NFT Mania

With the bullish recovery of Bitcoin and the broader market in general, we saw NFT catching on the mania after the success of Bored Ape Yacht Club, Pudgy Penguins and 0N1 Force, which are collections which blew off and now have floor prices that are out of reach for most people.

Generational wealth were created for those with tons of NFTs, but also props to them for holding while others were screaming at a bear market.

If you look over the ETH burn leaderboard, OpenSea, the leading NFT platform, had the highest activity in the entire Ethereum ecosystem and burnt nearly 20K ETH into oblivion now.

I have also started allocating capital into NFTs myself if you have been following my Telegram group, so there’s that. If you are interested in my NFT collection, here is a mini snapshot of my current collection.

I’m still a beginner in this space,and, and I am still out there hunting for some cool looking NFTs and ones that I think will blow up and provide tons of utility. Props to you if you can identify some of them!

Portfolio Update

Portfolio performance wise, I have been doing great but I have yet to factor in my NFT allocation as they cannot be recorded under StocksCafe. If you can see above, my portfolio of crypto + stocks is making stock market indexes look like fixed deposits returns. Yes, I know. Unfair comparison, but returns are absolute, and the most accurate judge for risk-adjusted returns over the same time period.

Portfolio allocation wise, I have been trimming my stocks and taking profits while adding on more into crypto.

Sorry to my Stocks readers, but the risk-reward ratio of crypto outperforms stocks by miles and I am going to put my money where my mouth is. Stocks just don’t offer the same level of alpha as crypto do.

FYI, Ethereum now takes up nearly 50% of my entire net worth, and I am planning to add more in the future, either to yield farm it further and generate more ETH over time, or store them in NFTs which can be flipped for more ETH. I have not thought of a proper strategy on that yet.

As you can see, the portfolio outperformance above is the result of an overexposure into crypto, with nearly 84% of my entire portfolio allocation now tilted towards crypto.

Depending on how greedy the stock market is, I am also considering taking all my profits from stocks and exit the stock market before the impending blackswan. The stock market charts don’t look healthy at all as it breaks all time highs every week with no signs of stopping, which spells trouble for me the way I see it. Not financial advice so please make your own judgement please!

Crypto wise, I might be re-allocating my gains back into stablecoins in the meantime to get a decent yield from it and grow my capital slowly until the crypto market cools down and I can buy in further into my bullish allocations when a great entry price presents itself.

My Strategy: Concentration > Diversification

My goal right now is to concentrate on my high conviction bets (namely Ethereum/AXS/Fantom) and just watch over them closely.

Net worth wise, ever since the increase in exposure to crypto, my overall net worth has grew by nearly +60% this year. I am closer to my goal of a 100K portfolio than ever before, and to get there, I am going to take profit along the way and reinvest my capital into better horses.

Rule No 1: Don’t lose money, Rule No. 2, don’t forget Rule No. 1.

Am I too crazy for over-allocating to crypto? Maybe. But I have done my research, and I think the potential of crypto is just so huge that many people are missing the gold pot here. There is definitely asymmetric risk-reward in the crypto space, and my goal is to find them and take advantage of it.

Time will tell whether I am right or not.

Sneak Peek on the Portfolio Challenge

If you have been reading on of my older post on comparing 3 portfolios of stocks, crypto or a mixture of both, then you should be curious to know how they are doing right now.

For those who have no idea what I am talking about, you can read more about the post here.

The current portfolio that is winning is….

Portfolio 3! (100% Crypto Portfolio picked by Yours Truly)

+52.97% in 2 months. Not too shabby at all. (The 3 portfolios incepted on 20 June 2021)

For comparison sake, Portfolio 1 (Full Growth ETF) is currently +4.83% and Portfolio 2 (Community Pick of Stocks + Crypto) is currently +30.14% in the same time period.

Crypto is Alpha

What is the moral of the story here? Crypto is on the upper rankings of the efficient frontier and offers way better risk-reward for a long term investor.

Portfolio 2 and 3 consist of crypto and they are not only outperforming Portfolio 1, but also outperforming the stock market indexes.

Still not convinced about crypto or too lazy to research? Well, sure. Fortune favours the bold, and those who are hungry enough to learn more will do their own research, dive in to understand the underlying fundamentals, and invest with conviction.

If you don’t understand Ethereum or blockchain technology in general, it is going to be a tough century for you in my honest opinion.

The experiment portfolio performance may only be 2 months long, but over the past 10 years, if you only bought Bitcoin, you would already be a millionaire and outperform every single hedge fund in existence.

Complain about missing the past 10 years? Then get to work now, understand the technology behind the space, and make the best out of the next 10 years. That is what I strive to do too.

Crypto, NFT, DeFi, they are not going away any time soon. It takes time for mainstream adoption, and my guess is by 2030, everyone will have their own crypto wallets and by 2040 mass adoption will take place and everyone will be transacting their monetary value through the blockchain. Time will tell if this is true.

If you are bullish on crypto but not crypto-savvy, you can utilise CeFi solutions to earn passive income

For centralised crypto solutions, I am currently earning passive income on the following:

  • Hodlnaut (Earning interest on Ethereum/Bitcoin/USDT/USDC/DAI)

I am getting consistent returns every week and it is also compounding, which is a good thing as compound interest is the most powerful way to build wealth while I am literally doing nothing.

This path is more for passive investors who do not want to take on huge DeFi risks and if you are curious, I am earning my interest in ETH with my deposited ETH/BTC and stablecoins.

Points to Take Note

Investing in crypto is not all rainbows and butterflies. There are massive amounts of risk but in return the rewards are way higher than you can expect on the stock market.

There is always a give or take in investing, as nothing that offers high returns is without the risk as well.

Before you decide to jump into crypto due to FOMO and greed, here are some things to take note of.

  1. Lack of Due Diligence (Not understanding the crypto asset and blindly entering based on price and other’s opinions)
  2. Exchange Hack Risk (There are many scammers and hackers out there in the crypto space)
  3. Volatility-induced irrationality (Many new investors panic when they see huge price fluctuations resulting in panic selling behaviours)
  4. Hot Wallet/Cold Wallet (Need to understand the difference between the two as that is how you will store your crypto assets)
  5. Smart Contract Risk (This applies to those who are already in the crypto space, there may be smart contract bugs or loopholes that can drain liquidity so do take note of the project before putting your money in)

Some of these points apply to Stock market as well, and to new investors, if you are unsure whether you can stomach the volatility, you should start from the stock market first. 

If you are uncomfortable seeing your net worth drop 50% or more, you should not be in crypto.

Crypto is not for everyone

At the end of the day, your investment portfolio should reflect your own personality, that is why everyone’s portfolio is different and it is futile to copy another person’s portfolio if you don’t understand what you are doing.

Crypto can be a great place for investors who knows the risk of the asset class but appreciates the innovation and technology driving the space and understands the risk-reward ratio over the long term

If you are an individual who simply cannot take more than a 5% paper loss or cannot trust anything that is not MAS regulated, then please stay out of crypto at all cost. 

Risk and Return goes hand in hand. If you are not willing to take 50% or more potential drawdowns, don’t expect to see 200%, 300% or 600% upside returns on your portfolio over the long run. 

Every portfolio follows the Efficient Frontier with some being on the lower end and some being on the higher end, the trick to get market-beating returns is to be on the higher end of the spectrum consistently and effectively and understanding that asset allocation drives returns.

If you think all these are still too complicated, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

How I Got Into Crypto And Why I Am So Bullish On It Long Term

To be very honest, I am becoming more and more bullish and convinced that crypto will be my flight ticket towards financial freedom in the next 10-20 years.

There are tons of things you can do with crypto. They are not like stocks, where you do your research (fundamental/technical), come up with a bull and bear case, calculate the valuations using DCF or DDM or whatever traditional outdated model out there, and then you buy and hold and dollar-cost average your path to financial freedom. That’s about it for most stocks investors.

With crypto, your choice for investing broadens tremendously. You can buy synthetic assets such as your favourite stocks like Tesla, Square, Alibaba and many more on Mirror Protocol and earn additional yield from it. You can literally place your hard-earned cash in a savings protocol like Anchor and get 20% APY (principal-guranteed) on your Stablecoin UST and then take a loan against it and long mirror-ed Tesla stocks and gain a yield while Tesla stock appreciates.

The possibility is endless. Non-dividend producing growth stocks can now be turned into yield-generating assets thanks to the power of blockchain technology, or in this case, the power of Terra blockchain and their suite of amazing protocols.

How I Got into Crypto

In 2017, while I was a JC newbie in investing trying to figure out a way to attain passive income while I was still busy starting for A Levels, I came across the Bitcoin craze, but did not bother too much about it since I was ill-informed about financial literacy, and still trying to understand H2 Economics in school (to truly understand Bitcoin or crypto, you need to have your basic fundamental economic concepts in check).

It was also the same year I read the book ‘The Intelligent Investor’ by Benjamin Graham where I understood how to think like an investor, what to look out for when investing and the difference between an investor and a speculator, and of course the most important lesson of it all: Mr Market and his irrational behaviours

Started off on Singapore Stocks

At that point, I would say my level of understanding about the world of investing is a 3/10, and I am barely grasping the concept of why investing is important. So we all have to start somewhere, and eventually, when I turn 18 that year, I also went ahead and bought my first ETF through OCBC Securities and finally understood what a brokerage account is. There wasn’t many Singaporean investors out there teaching about US stocks investing back then, so I went with the typical pathway of investing in Singapore stocks first.

And while all these are happening, I actually read about Bitcoin quite deeply in 2017 since it was the peak market cycle back then. I was intrigued at how the price of Bitcoin shot up to $20,000 from a low of less than $3000 (I can’t remember), but I took notice of it, but did not invest since there was no easy way to access to Bitcoin back then.

2020: A Turning Point

Fast forward to 2020, we saw another run up of the crypto market with the resurgence of the price of Bitcoin. It has been roughly 3 years since I first dipped my toes into the world of investing, and I saw the beatdown price of Bitcoin during the Covid-19 crash to be a huge opportunity to accumulate. At this point in time, I have already converted all my SG stocks holdings into US stocks due to better growth potential and opportunity cost.

It was also at the juncture where I met a friend in hall who was a crypto native/enthusiast and has been investing into crypto for a few years now. He told me about the different use cases of crypto, and introduced me to the concept of yield farming, and how there are insane yields in DeFi.

After he introduced me to all these amazing developments, I immediately fell down a rabbit hole of no return and became more and more convinced that crypto is not only here to stay, but to eventually be the apex asset class in terms of risk-reward, this was around August 2020.

So yes, you can say I officially joined crypto only in the second half of 2020, and it has only been about 1 year since I first started investing into crypto properly.

Gamestop Saga, and the importance of decentralisation

Between December 2020 and January 2021, we saw the rising popularity of meme stocks, the most prominent one being Gamestop thanks to reddit army r/wallstreetbets. So I am sure most readers know about this, but what happened essentially was, the hedge funds were trying to short the worst companies on the stock market, and wallstreebets decided to rebel against them and buy up tons of Gamestop options and shares in a bid to drive up the price and trigger a short squeeze.

The short squeeze happened, and we saw the stock surge more than 50% for a few days and even weeks. The whole saga blew up and eventually, regulators stepped in and Robinhood even halted the trading of the stock by preventing investors from buying Gamestop.

I found it extremely ironic that a broker like Robinhood had such audacity to prevent users from purchasing certain securities in a bid to ‘protect users from unusual volatility’ while calling themselves Robin, which is to make the poor rich by taking from the rich. And why did regulators step in again? Because retail investor is winning Wall Street for the first time?

Sounds like total cronyism to me. With that, I realise that in the stock market, there is an unfair advantage between the hedge funds and normal retail investors. The power balance is tilted to the rich and powerful.

The entire stock market is just skewed to benefit the already rich and powerful, and the stock market is never truly a free market if the central bank constantly injects tons of liquidity through money printing and the ability of brokerages to halt the buying of certain stocks. That is not freedom at all.

Crypto is a time-tested free market

If you look at 2008’s Global Financial Crisis, AKA the sub-prime mortgage crisis, what did we see?

Banks caused the 2008 crisis

Banks were offering complicated financial products that packaged multiple different leveraged, unsustainable mortgage bonds with high yields together, had them rated AAA, and sold them to clients while behind the clients back, they bought derivatives of those packages to short those bonds because they knew it was a trashy product. Full Wall Street hypocrisy at play.

The entire market got flooded with those products and because banks are earning unprecedented amount of money, they just kept on repeating this process and eventually, the bubble had to burst, and we saw multiple investment banks announcing bankruptcy, the most famous one being Lehman Brothers.

And the banks got away scot free

In the end, banks such as Goldman Sachs, JP Morgan, Morgan Stanley, Citi, Deutche Bank and many more who were responsible for causing the sub-prime bubble, were bailed out by the government while millions worldwide became bankrupt because of the bank’s mistakes.

Stock Market was Spoon-Fed by Central Banks since 2008

After 2008’s big time screw up by the banks, US central banks started to unleash a massive money printing program called Quantitative Easing (QE), which is just a fancy word for printing infinite money. Since 2008, the entire stock market is being propped up by the QE measures, almost like a morphine addict that needs it constantly in order to live.

Each time QE measures were rumoured to be tightening or the central banks announcing measures to curb the money printing, the market reacted with fear each and every time. In 2021, the Fed once again announced that inflation is transitory, and they might experience prolonged periods of high inflation and might be conducting rate hikes and tightening measures to reduce QE.

Everything has been a snowball effect since 2008 when the Fed decided to do unlimited money printing, and the high inflation we see today is merely a side effect of such absurd monetary policies.

In short, the stock market has constantly been carried (liquidity wise) by the money printing, as we can see correlations between the amount of new money entering into circulation coinciding with the S&P 500 hitting new all time highs.

Each QE shows how much more money supply expanded. End result is more inflation = Cash devaluation

The stock market has been manipulated by money printing since 2008, and Covid basically pushed the Fed to print even more because the effects will be catastrophic for the stock market if they did not unleash unlimited QE last year in 2020.

No Help Was Given to Crypto

On the other hand, when we look at the crypto markets, there was not once where the governments worldwide stepped in to bail crypto projects out of bear markets. There were boom and bust cycles, each led by Bitcoin because it is the reserve currency in the entire crypto ecosystem.

There were huge drawdowns of up to -80% or more in the crypto market since 2009 when Bitcoin was born, and each time crypto survived and hit new all time high and higher lows, without the need for government intervention.

Besides, crypto is not welcomed by governments at all because they are unable to regulate them and get tax revenues out of it. So it is often that crackdown happens especially in authoritarian states such as China.

The resilience of the crypto market is a proof that this asset class is here to stay, and just like the 9-headed hydra, every time a head gets cut off (eg. blocked by the government), another 2 head grows out in its place and the entire space becomes even stronger.

This is also the manifestations of the Lindy Effect which I talked about a couple of times, since the longer the new technology survives, the longer it will survive and be around.

Unlimited Possibilities in Crypto

In the stock market, you can do a few things, such as:

  1. Buying or selling a stock/ETF
  2. Trade derivatives such as Options/Futures contracts
  3. Leverage and borrow on margin to boost gains on your Options/Futures
  4. Short the market using derivatives

Yup. That’s pretty much about it. There is not too many things you can do to make money from the stock market. Buy and Hold might be your best bet, any other strategy might work against you, unless you know how to employ delta-neutral strategies to hedge against market risk.

In crypto, you can do a plethora of things, such as:

  1. Buying and selling different crypto tokens
  2. Trade crypto derivatives such as Futures or Perpetual Contracts
  3. Leverage and borrow on margin to boost gains on your derivatives contracts
  4. Short the market using derivatives
  5. Pledging crypto collaterals and getting a loan from a lending protocol like Aave without KYC or approval letters
  6. Harvest yields through yield farming protocols like Curve, Balancer, Autofarm, Yearn Finance
  7. Staking your crypto (like fixed deposits) and getting a yield as reward for securing the network
  8. Trade synthetic stocks like mirrored-Apple shares and earning a yield through capital appreciation and becoming a liquidity provider
  9. Becoming a liquidity provider and a market maker by staking your tokens into liquidity pools and earning yield and fees for facilitating the exchange (You become the exchange/broker)
  10. Trade and flip NFTs (Non-Fungible Tokens) and increase your crypto allocation due to market inefficiency of the NFT market
  11. Buying NFTs like Axies and earning yield from them by playing or outsourcing it to scholars to earn yield through their time and effort.
  12. Buying and holding NFTs as a speculative play in hopes that the scarcity will result in sky high valuations (CryptoPunks/BAYC)
  13. Earning passive income through a centralised platform such as Hodlnaut, Celsius or Nexo
  14. Many more undiscovered use cases

I might have missed out more use cases to the utility of crypto, but the point here is, there are tons of things you can do to explore or invest and there are more opportunities than ever to make tons of money from crypto when compared to the stock market.

In the stock market, if you buy and hold Apple shares for example, you are just hoping that Apple do well over time and you earn from the capital gains when you sell the shares at a higher price a few years down the road.

If you buy a mApple share on Mirror protocol instead, not only are you enjoying the same price appreciation potential and the same amount of volatility as your Apple shares in your broker account, you are also earning a yield from being a Long position or a Short position, and also if you choose to become a liquidity provider for mApple and UST (Terra USD), you can also earn transaction fees every time some one else swaps their UST for mApple and vice versa.

The Rule of 72 decides the time taken based on your return potential

Besides, earning 30%, 50% or 80% time-weighted returns from the stock market over time is great. But it usually takes years for the returns to play out.

You will be able to attain financial freedom eventually, but it may be well in your 50s or 60s when it happens because of the rule of 72.

If your annualised return is 10%, your portfolio will take 7.2 years to double. If your annualised return is 30%. your portfolio will take 2.4 years to double. See the catch yet? The key here is to take the shortest amount of time taken to double your capital, and if you are starting out with a $10,000 capital, you essentially need to double your capital 7 times and you become a millionaire. You can just do the math yourself.

To me, stocks or crypto are just tools that help us to attain our financial goals. There is no point throwing shade at crypto if you only buy stocks or saying you hate Bitcoin or Ethereum because what good does it do? If you hate crypto, simply just don’t own it, and move on.

You Need Conviction

Conviction takes time and effort to build, and just like how Rome is not build in a day, a life-changing portfolio also takes the same amount of effort, time and conviction to attain.

Besides, I am also slowly discovering the powerful intersection between NFT and DeFi, and the market is still largely inefficient; meaning that the buyers are mis-pricing the buying price while selling are mis-pricing the selling price. All these translates to huge profit margins if you know where to find them.

In the world of NFTs, it is all about deal hunting and going where the community is. But it is pretty much very early and whatever we are seeing now are newly formulated economics at play and all these are beautiful real-world economic experiments. Something you will never experience in a lecture in University.

Conclusion

Am I bullish on the stock market? Well, yes, but the amount of things you can do and amount of alpha left is like finding a needle in a haystack. To truly beat the stock market, you need to know more about the company than others, do more homework than others, and build your own conviction.

In the crypto world, because there are a lack of talents, lack of real crypto research analysts that exists today because most don’t even know what DeFi is and what Ethereum actually does, so we are still extremely early and if you understand what smart contracts or what the above are, you are already part of the 0.01% of the world’s individuals that are future-proof and ready for the future.

A Decentralised Future

You can earn yields from growth stocks in crypto form, something that is not possible in the traditional world, or even becoming the exchange itself. You get to earn 20% yields on your savings account through Anchor Protocol, or participate in yield farming and compounding your tokens on Autofarm for example.

You can also buy NFT monsters like Axies with your ETH and use them to earn a yield by playing the game, or outsource that manpower over to scholars while you just manage them and shake leg while earning passive income.

The metaverse is only at the beginning stages. The exponential age will be a period of extreme growth and innovation, and my long term bet is going to be on the crypto and blockchain space, with increasing conviction over the Ethereum ecosystem every single day.

How do you think the future will play out? Leave your comments down below!

If you think all these are still too complicated, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

My Experience Launching an Axie Infinity Scholarship Programme

Hello readers! How has your week been? I hope everyone is doing well amid this Covid situation.

Today, we will be talking about one of my most sought after and requested review and that is: How to start an Axie Infinity Scholarship programme, how to breed and just more guides on getting into Axie Infinity.

Axie Infinity

The game’s idea and inspiration was taken from Pokemon and  you can battle, collect, raise, and breed Axies. That is important to what Axie is, but the ecosystem is way more complicated than how simplistic it all sounds.

Image for post

Behind the game itself, it is powered by the Ethereum blockchain, meaning it is open-source, and any player from any part of the world will be able to participate. 

As long as you have a wallet that can hold ETH and buy/sell Axies or crypto tokens, you can access the game wherever you are.

If you are new, or have yet to read my more recent posts, then you must be new to Axie Infinity as well. What the heck is this funny sounding thing?

In essence, Axie Infinity is a play-to-earn game which exploded in popularity after a video documentary about the game in the Philippines blew up on Youtube.

SLP!!

You can earn in game tokens called Smooth Love Potion (SLP) when you win in the game in either Adventure mode (PvE) or Arena Mode (PvP). This SLP is different from normal games in that, the SLPs earned are ERC-20 tokens that can be converted into real money like USD/SGD/PHP. They are crypto tokens based off the Ethereum blockchain and can be converted into other crypto tokens as well.

If you want to understand this in greater detail, you can check out my post here before moving on to read the rest of my post.

Scholarship Programme

If you are reading this, I will assume you already know the basics to how the game works, the tokenomics of AXS and SLP, and how scholarships work, all of which are covered in my previous article.

Are scholarships a Ponzi or pyramid scheme? Well, no.

In a pyramid scheme or Ponzi scheme, previous investors would gain money from more people joining in and siphon their capital, a constant need for new investors/users are required to keep the scheme working.

In Axie Infinity’s scholarship case, it does not work like that.

Axie Scholarships are like property investments

To put it into perspective, launching an Axie scholarship is akin to buying investment properties. How so?

One of my favourite Axies, destroy Terminator Reptiles/Birds/Backline Aquas in 1 turn, now used by my scholar!

Axies are NFTs or non-fungible tokens, which are unique and cannot be replaced. In a sense, it is as “real” an asset to own just like property, just that NFTs are digital properties that exist on the internet.

Yes I know, difficult to wrap your head around it but you will get used to it eventually.

With this digital real estate, we then rent it out to scholars, who are essentially like tenants. Because scholars simply gets to play the game for free with no start-up cost incurred, scholarship managers like me and my girlfriend can earn a cut of their SLP since we provided the Axies for them. It is the same concept as renting your property (which you paid for) out and getting rental payments every month as passive income.

Axies essentially are yield generating NFTs which are powered by human capital, as human time and effort is traded in exchange for monetary incentives in the form of SLP payouts.

When you launch a scholarship programme, you are dishing out initial capital to purchase a pool of 0/7 breed Axies to breed and start an infinite loop, or what we call the ABC or ABCD breeding method. I won’t be going into the details of the breeding process, but you can check out the video here for more walkthrough.

Once you have started a breeding pool, you would have to dish out initial capital for 9 Axies (in my case for a Plant, Aqua, Reptile team) since each type requires at least 3 Axies to start an infinite loop.

Each time you breed, you also need to pay breeding fees in the form of 4 AXS tokens and a variable amount of SLP. The higher the breed count, the more expensive the breeding cost.

Essentially, when I first started my breeding pool and scholarship, we bulk purchased approximately 14,000 SLP from Binance and tons of AXS when it was around $11-$25 range. So do keep in mind and calculate your initial capital carefully and I suggest having an excel sheet to keep track properly.

Initial Capital

The initial capital we dished out is roughly 10K USD at that point in time to start the breeding pool and start the first 2 generations of Axies for scholars.

Going back to the property example, this is a much more capital efficient method to break even faster and also a lower barrier to entry since the initial capital is comparatively lower.

To break even eventually, we need to make sure the scholars are trustworthy individuals with knowledge, hunger to earn SLP and passion for the game, and we calculated the initial breakeven period to be between 2-3 months depending on the price of SLP then.

This is currently the 3rd week since the scholarship programme’s inception, and we now have a total of 13 scholars and 3 additional scholars from me and my girlfriend’s parents capital. So in sum, there are currently 16 scholars under our management.

Scholar Scouting and Onboarding

Axie Infinity Discord Server

We created a Discord server to manage our scholars. To scout for them, we leveraged upon Axie Infinity’s main discord server and shortlisted scholars to be interviewed.

Not all scholars are who they claim to be, so my tip here is to ask specific questions like “Name a few meta cards right now” if they claim they understand how the game works.

It is also important to make sure you adhere to the Axie Infinity’s game guidelines, so you do need to have a proper system in place.

Once you have found a favourable scholar and ready to onboard, I personally ask for a selfie with their ID card and make sure they are not under-age. I had a few instances where we were onboarding the scholars and the candidate lied that they were 18 when they were just 17 or even lower. So you do need to have proper guidelines in place to protect your scholarship programme from being banned.

I pay my scholars through Ronin wallet and they will cash out to Binance PHP based on a YouTube guide I sent them.

Scholarship Programme is pretty much being a Business Owner

As a business owner or boss, you are responsible for the well-being of your scholars, make sure they are properly incentivised, and they understand how to play the game.

I gave them a minimum daily criteria of 150 SLP which is just finishing adventure and Daily Quest, and most of my scholars are exceeding expectations and earning beyond 150 SLP per day already.

I also came up with attractive prizes for top performers so they will be motivated to work hard and earn more SLP, which is a win-win for both the scholar and the manager.

In this case, managing a scholarship programme is also like managing your own start-up, and scholars are essentially like your employees, so you got to motivate them and also instil discipline if needed.

It is human capital management in a nutshell.

Passive Income Scalability

Here is the juicy part where everyone is excited about.

Most scholarship programmes do a 40/60 split of SLP where 40% goes to the scholar and 60% goes to the manager (so does my scholarship) at the start and slowly scale up scholars payout the more they earn.

There are different ways to do this but just don’t be blinded by greed and give absurd splits like 20/80 or 10/90 which is basically slavery. They are humans too, reward them accordingly for their time and effort. Underpaying can also result in dire consequences such as quitting halfway, slacking off or lack of motivation.

Based on the current price of SLP, 13 scholars (not counting the extra 3) will generate roughly net $13,600 SGD for me and my girlfriend combined, after subtracting the payout to the scholars. In other words, we both get roughly $6800 SGD each passively each month from the current SLP price and current count of 13 scholars.

In that scenario, we will breakeven in 1-2 months if SLP prices remain stable and even if it does drop lower, we will just hold on to SLP, since we plan to be farming SLP from the scholarship programme over the long term and reinvesting it back to breed more Axies anyway.

After the breakeven stage, any amount of additional SLP earned will just be profits for me and my girlfriend.

As time goes by, we will still scale up the scholarship and hire more scholars to play the game, so we expect the passive income to scale up as we reinvest our SLP and breed more Axies to hire more scholars.

This is also not a pyramid scheme because your returns is proportionate to how much you reinvest back into it, and not us benefitting solely from new players joining the game, so skeptics, your doubts are cleared here 🙂

Time Commitment

As with any other passive income stream, starting the scholarship programme from the ground up can be extremely time consuming and daunting to say the least.

There were many excel sheets to work on and optimise, the scouting and interviewing of scholars, setting up a proper discord server, coming up with a proper payout model and tons of backend admin work.

Also, to read up more on Axie gameplay, understanding the meta, breeding the right Axies, selling the bad ones and buying quality Axies to breed, as well as shortlisting potential scholars. The list goes on and on so if you want to start a programme yourself, be sure to know what you are getting into. Things can get overwhelming easily if you are not tracking the SLP properly or if a scholar misbehaves etc.

So while the passive income stream is ultra lucrative when compared to other methods like property investing or dividend investing, there are tons of initial time and effort you need to put in to set up this passive income stream.

Also, if you don’t have foundational knowledge into crypto, blockchain or DeFi, it might be an entry barrier as well since you will need to toggle with different wallets, setting up scholar accounts and managing their payouts through the blockchain. Many factors to consider as this is a business in and of itself.

You also need to understand the game economy thoroughly and build your own community and keep your scholars motivated and happy. You got to be a leader and guide the scholars through the initial stages, so I think it is super important that you know what’s going on first before jumping into scholarships for the money.

Summary TLDR

  • Understand how Axie Infinity works and why Play-To-Earn is viable
  • Set up proper excel spreadsheets to keep track of your profit/loss/cost/Axies etc
  • Set up a breeding pool by buying at least 3 Axies of the same type for breeding infinite loops
  • Set up wallets for scholars accounts for you to transfer the Axies into the scholar account for them to access
  • Understand the guidelines, Dos and Don’ts and ban-able activity
  • Set up a discord server to scout and onboard scholars
  • Hatch the eggs and continue to breed every 5 days and onboard scholars using the same breeding method used and keep track of the Axie generations
  • Motivate your scholars and pay them consistently to keep them incentivised
  • Rinse and repeat and scale your scholarship business over time

The list above is not exhaustive as there are a lot of minor details which I am unable to fully cover in this article.

The moral of the story here is: There is no free lunch in this world.

If you want to get rewarded with the awesome passive income which is real and can be attained, you need to put down capital, time and effort with the right knowledge and understanding of this ecosystem before jumping in and launching your scholarship programme.

If you jump in without fully understanding first, a lot of things can go wrong, such as:

  • Breeding cost is more than buying from marketplace (Not profitable)
  • Your breeding Axies turn out to have bad recessive genes and have parts which are detrimental to the Axie type
  • Scholars lie to you about their age, you did not check and the game bans your entire scholarship
  • Buying the wrong Axies and scholars are unable to earn SLP because terrible Axies = terrible win rates = terrible SLP earning
  • Overpaying for Axies – Prolongs your breakeven period, or you don’t breakeven at all
  • Not having a proper spreadsheet to keep track of things
  • Not backing up you seed phrase and ends up losing your Axies and assets

As you can see here, there are many things that can go wrong. So if at this point you can’t even wrap your head around what NFT is or how to send crypto tokens from address A to address B, then this strategy is not for you.

You got to put in the effort and due diligence before diving deeply into this ecosystem.

On the other hand, if you have been doing your research about Axie Infinity and have been keen about launching a scholarship programme yourself, then I hope this article has been helpful for you.

These are first-hand experiences I encountered while launching the scholarship programme and even though I watched tons of videos on starting scholarships, breeding strategies etc, I still faced a lot of unforeseen circumstances which arises here and there. It won’t be smooth sailing at the start, but if you want to get that sweet, juicy passive income, you got to put in the effort and do your homework.

Parting Words

Axie Infinity is a blockchain-based game off Ethereum, so it is important that you understand what Ethereum is in the first place and basic things like setting up a Metamask wallet, transferring ETH from an exchange into Metamask, and purchasing Axies using ETH. I will leave a few helpful links to help you onboard faster, but do note that none of these are financial advice, and you should do your own homework if you really want to get started on this game.

If you truly want to be profitable and make extra income from it, then you will need to commit time to the game and earn your SLP to make your investments worth your while, but who knows, maybe 1 year from now, 10 million people or more will be playing this game and your Axies can easily worth 4-5 times more than when you bought it. NFT is a magical new asset class with immense potential.

Here are some links which you may find useful for your Axie Infinity journey:

Axie Infinity Whitepaper/Guide

Axie Infinity Road Map

Axie Infinity Breeding Simulator

Axie Infinity Pricing Calculator

Axie Infinity Starter Guide with Good Info

Axie Infinity Market Place

Axie Infinity Scholarship Guide (Walkthrough)

If you think all these are still too complicated, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well! 

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Stocks and Crypto Portfolio Update (July 2021)

What a month! From inflation fears to crypto market euphoria of NFT gaming led by Axie Infinity which drove the start of a new market segment called “Play-To-Earn” to the short squeeze of Bitcoin and the renewal of a crypto bull run. Couple that with overall bullish-ness of the traditional markets, we saw a rally in the month of July from the tech sell off and crypto crash just months and weeks ago.

Some Minor Updates

I haven’t been able to come up with a blog post recently because I have been busy handling my Axie Infinity Scholarships and I am happy to say that there are now 8 scholars under my wing. Not too bad for the first 2 weeks of this scholarship business.

Starting a scholarship from the ground up was definitely daunting and there were a lot of things to take note of. It is the same as starting a business or investing into a property and finding tenants; in this case, finding scholars so you can rent out your Axies and in return, you earn a cut of their earnings. The more scholars, the more scalable that passive income stream.

At current SLP price of approx $0.3/SLP, each scholar should at least generate $1000 SGD (net earnings) per month. 8 scholars would give a whopping $8000 SGD passive income per month, to me, that’s wild, and I am still going to onboard even more scholars once the Axie eggs hatch every 5 days.

If you have no idea what I am talking about here, you can read my post here to find out more yourself.

Market seemed to have bottomed in June

Stock market or crypto market, it doesn’t matter. We saw big tech names fall off the cliff after the Fed started raising ideas about closing the money printing taps at an earlier date and overall inflation fears, while on the crypto side, China’s crackdown on Bitcoin mining also saw Bitcoin and the broader crypto market sell off around the same time in June.

In particular, Bitcoin bottomed out at roughly 29K/BTC and we saw a short squeeze from the months long of accumulation by institutional investors. The supply shock from the accumulation (based on on-chain metrics) and the funding rates from Bitcoin futures were catalysed when rumours about Amazon offering crypto asset as payment method saw an immediate liquidation of short sellers (mostly retail investors) and the short squeeze followed. Bears were in disbelief while Bitcoin rapidly rose to hit the 40K USD resistance band.

US Tech stocks also rallied during this earning season which is expected, since there was a market correction in June. Now that central bank policies are more certain, investor demands for high risk asset seemed to be picking up traction.

Overall, July was a great month if you bought stocks or crypto during the market sell-off and held on to it. You would be sitting on decent profits right now.

My Current Positions

Currently, I have a total of 13 positions spread among my US stocks and crypto portfolio.

I trimmed off some crypto positions that were not meaningful to my portfolio allocation, and concentrated fire onto a few high conviction plays.

The current allocation looks like this (Bold ones are crypto and unbold ones are stocks):

RankingNamePortfolio Allocation %
1.Ethereum 24.04%
2.Square Inc13.17%
3.Axie Infinity Token12.85%
4.Etsy Inc11.93%
5.Shopify Inc11.62%
6.Coinbase Inc7.03%
7.Fantom Token6.48%
8.Fiverr5.49%
9.Roku Inc3.43%
10.Pancake Swap Token1.64%
11.Autofarm Token0.82%
12.Zilliqa0.82%
13.Band Protocol 0.68%
Portfolio Allocation (As of 29 Jul 2021)

I use StocksCafe to keep track of all my investments (include Robo) + research on stocks. You can also view my portfolio as well as many others so you can compare your own performance with other investors. If you are interested in signing up, you can use my referral link to sign up and access premium features for 1 extra month for new users. (3 months)

Increasing Conviction in Crypto Market, Particularly NFT Gaming (Axie Infinity)

If you look at my current allocation and compare to the previous update, you will realise there is a new allocation and that is my Number 3 spot: Axie Infinity Token (AXS)

I have shared various times on my Telegram channel about the growth numbers, fundamentals and just how early this market segment is. There are 2.5 billion individuals who are unbanked and we have 1 billion gamers.

You can see what the total addressable market for this niche yourself. And it is still so early because most people don’t even realise how huge of a potential this is going to be.

The future generation, as we know it, is going to be the first generation of young adults that might grow up without a bank account. Why? Because they don’t need to. Why bother parking your money when interest rates are dirt low at 0.05% APY? If you adjust it to inflation rates, your money is rotting and compounding negatively if you left all of your cash in a bank account.

Instead, young adults in the future will hold their money in Web3 wallets such as Metamask. They can easily get 20% APY on Anchor Protocol without any KYC requirements or income assessments, simply approve the smart contract on-chain, and poof, your money is deposited into the protocol and generating yield.

Shifting towards a digital economy

The future will be digital. Like it or not, Covid-19 sped up this trend and our economy will turn digital forever. Just ask yourself, how many hours do you spend on the internet, and how many hours do you spend hanging out, physically, and not using social media.

So with this growing trend, I believe Axie Infinity to be the solution to all of these. It is the marriage between gaming and economic productivity. Gone are the days where people spend tons of money in a game only to get one thing in return: Wasted Time.

With Play-To-Earn picking up pace, people living in emerging markets will stand to benefit the most as they can earn more than their minimum wage, while first-world country individuals can bolster their income further by playing a game.

Gaming hours are now turned into productive hours with actual monetary value.

Re-Allocating Capital

Aside from increasing my position in AXS tokens, I have also pulled out from the following:

  1. Sold Teledoc (Weak Mid-Term Prospects)
  2. Consolidated my crypto positions (Concentration > Diversification)

*My Ethereum position right now is made up of a mixture of Ethereum that is being yield-farmed and stored in the form of Axies.

Aside from that, the capital from Teledoc will be converted into a stable coin before I decide on where I can allocate to next. Perhaps, simply buying ETH and AXS on pullbacks.

With the new semester coming along and my scholarship business running in full engine, I don’t think I will be able to write blog post as often anymore.

Also, as I dived deeper into the crypto rabbit hole, I realised how huge of an opportunity cost I am incurring if I continued to just allocate to stocks.

Crypto offers so many new dynamics and dimensions as to what you can do to invest, and the risk-reward (Sharpe ratio) is also marginally higher compared to what you can achieve in the stock market.

30% annualised returns in the stock market is market-crushing, but it may just be a normal number in crypto. Of course this is not always the case, so you do have to do thorough research and build conviction yourself.

Here is the breakdown of my position in a pie chart:

Yes, the big chunk right there is Ethereum. 🙂

I am happier with my allocation right now and the returns also proved why.

Stocks+ Crypto Performance (29 July 2021)

I am comparing it beside benchmark indexes like STI, Total World Stock Index and S&P 500 to show the outperformance of a portfolio if you were to allocate to crypto.

Not only do you achieve greater risk-adjusted returns, you also get more diversification since stocks and crypto are pretty uncorrelated.

The +75.33% Year-To-Date return thus far is not even including the interest yields from staking/yield farming and my SLP earnings from my Axie scholarship program, if I combine all of these together, my returns thus far would be even higher.

The strategy I adopted is pretty simple as well. Once I have built a deep enough conviction around a company or crypto project, I simply dollar-cost average either weekly or monthly, whenever I have extra spare funds.

My plan right now is to reinvest my passive income from my Axie scholarships back into the game and breed more Axies so that I can expand my scholarship further and recruit more scholars. If one scholar rakes in a net $1000 SGD passive income per month (assuming SLP is $0.3 each), having 10 or more scholars would easily be a general manager or director’s pay in the corporate world. Just that this is even better, since it is passive in nature. 😉

Crypto 47.3%, Stocks 52.7%

Like I mentioned before in my previous posts, my stocks allocation is pretty much set and I don’t think I will be initiating any sells unless circumstances change or the growth story is just not the same anymore.

My goal now is to continue DCA into my crypto position since I have higher conviction in crypto than in stocks. And my initial crypto position has already ballooned and about to flip my stocks allocation soon.

If you are bullish on crypto but not crypto-savvy, you can utilise CeFi solutions to earn passive income

For centralised crypto solutions, I am currently earning passive income on the following:

  • Hodlnaut (Earning interest on Ethereum/Bitcoin/USDT/USDC/DAI)

I am getting consistent returns every week and it is also compounding, which is a good thing as compound interest is the most powerful way to build wealth while I am literally doing nothing.

This path is more for passive investors who do not want to take on huge DeFi risks and if you are curious, I am earning my interest in ETH with my deposited ETH/BTC and stablecoins.

Points to Take Note

Investing in crypto is not all rainbows and butterflies. There are massive amounts of risk but in return the rewards are way higher than you can expect on the stock market.

There is always a give or take in investing, as nothing that offers high returns is without the risk as well.

Before you decide to jump into crypto due to FOMO and greed, here are some things to take note of.

  1. Lack of Due Diligence (Not understanding the crypto asset and blindly entering based on price and other’s opinions)
  2. Exchange Hack Risk (There are many scammers and hackers out there in the crypto space)
  3. Volatility-induced irrationality (Many new investors panic when they see huge price fluctuations resulting in panic selling behaviours)
  4. Hot Wallet/Cold Wallet (Need to understand the difference between the two as that is how you will store your crypto assets)
  5. Smart Contract Risk (This applies to those who are already in the crypto space, there may be smart contract bugs or loopholes that can drain liquidity so do take note of the project before putting your money in)

Some of these points apply to Stock market as well, and to new investors, if you are unsure whether you can stomach the volatility, you should start from the stock market first. 

If you are uncomfortable seeing your net worth drop 50% or more, you should not be in crypto.

Crypto is not for everyone

At the end of the day, your investment portfolio should reflect your own personality, that is why everyone’s portfolio is different and it is futile to copy another person’s portfolio if you don’t understand what you are doing.

Crypto can be a great place for investors who knows the risk of the asset class but appreciates the innovation and technology driving the space and understands the risk-reward ratio over the long term

If you are an individual who simply cannot take more than a 5% paper loss or cannot trust anything that is not MAS regulated, then please stay out of crypto at all cost. 

Risk and Return goes hand in hand. If you are not willing to take 50% or more potential drawdowns, don’t expect to see 200%, 300% or 600% upside returns on your portfolio over the long run. 

Every portfolio follows the Efficient Frontier with some being on the lower end and some being on the higher end, the trick to get market-beating returns is to be on the higher end of the spectrum consistently and effectively and understanding that asset allocation drives returns.

If you think all these are still too complicated, you can consider joining my telegram group where I share articles, investment opportunities and more research based content on an almost daily basis. You can also ask questions, and take part in polls to see how others think as well!

Join My Tele Channel Here For Blog Updates And More!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

What is Ethereum? Simple Guide Here

I did a bite-sized article on Ethereum for you to get a crash-course on what the buzz word is all about here.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Generating Profitable Passive Income While Schooling

When it comes to passive income, there are many methods which you can go about to attain it. If you do a simple search online, you can see blogs recommending you to do things such as selling stock photos, publishing an E-Book, buying dividend stocks and many more.

The key to passive income is to set them up, and once you do, you just stop managing it and it will provide for you passively, months after months after months even while you sleep.

My thoughts about passive income has also evolved throughout the years. When I first explored passive income as a 18 year-old JC student back in 2017 , I realised that in order to attain sustainable passive income, you either need to have a huge initial starting capital that can be deployed and earn a yield for you (such as dividend stocks investing) or you can hustle hard for a few months and reap the rewards later (such as stock photos or writing an E-Book).

While both methods are attainable depending on your current financial status, and it really does not matter if you are a student or working adult. The point here is: Creating multiple passive income streams is not only possible, but essential if one wants to attain financial freedom early.

For myself, I am currently getting passive income from 3 main sources which I will elaborate briefly below.

Passive Income Stream 1: Stock Photos Royalty

While I was still studying for A levels back in 2017/2018, I decided to get some passive income by uploading stock photos in a bid to boost my pocket money.

I started off with EyeEm, and started uploading photos which I have taken from my travels and photoshoots. I was really into photography during those times and even have a website and Instagram page documenting all my work and journey.

Some of the stock photos I uploaded on EyeEm

The photos took days to weeks to be uploaded completely as I have thousands of photos to be uploaded, and also to tag them correctly so that the right buyers can see them. So effort wise, it was pretty hefty and time consuming at the start.

I made a few huge sales initially, and even had massive single photo sales up to $450 USD per image.

Aside from EyeEm, I started uploading my stock photos to iStocks, Shutterstock and Getty Images. VSCO also managed to headhunt 4 of my images and bought them for roughly $500 USD each.

So the effort here is to upload the images to these sites diligently, and then reaping the rewards only months or years after the upload.

Also, not all uploaded images will have a sale. I have over 18,000+ photos uploaded in total and the initial few months saw literally $0 in sales, so you got to be patient before the passive income starts rolling in.

Overall, the stock images generated roughly $10,000 USD in total across 3 years, so it translates to roughly $556 USD in passive income per month. Not too bad for that initial effort and enjoying the fruits even years after the initial upload.

I also have paid wedding shoots and freelance work with GrabFood, FoodPanda and more, so photography really boosted my overall income when I was still schooling in JC. Even till today, I am still getting some stock photo sales every month even though it has dropped significantly since I have stopped uploading and moved on with other things instead.

Passive Income Stream 2: Crypto Yield Farming/Staking

This one is not as low barrier as my first passive income stream. This requires you to have some understanding of how crypto and blockchain works, and also a level of conviction and bullish-ness in the cryptocurrency space.

So if you don’t know what I am talking about, this income stream might not yet be suitable for you and you may want to check my other posts first.

If you are still reading this portion, I will assume you already know the basics of how crypto and blockchain work.

As most readers already know, I have recommended centralised crypto platforms such as Celsius, Nexo, Hodlnaut and Matrixport which allows crypto investors to earn interest on their idle crypto assets.

Generating Yield from your Crypto is like Dividend Yield in Traditional Finance

The idea here is, instead of letting your idle Bitcoin or Ethereum lie around while you buy and hold, you can park them in the lending platforms mentioned above and earn a yield from them. It is almost like getting a dividend yield so you get the idea.

Aside from centralised crypto platforms, I took on higher risk and went into DeFi yield farming. This is not for beginners, as it requires a deep understanding to how smart contract works, how to transfer crypto assets through different blockchains and more.

From yield farming, I can get higher APY (Annual Percentage Yield) on my crypto of up to 100% APY or more.

Staking Your Crypto Tokens to earn Yield

Aside from yield farming and parking them in lending platforms, I also have tokens which are being staked.

Staking just means you are locking up your crypto tokens onto the blockchain and as a reward for securing the blockchain, you get staking rewards in the form of interest. The APY is not as attractive as yield farming but it is a good way to earn a yield on tokens I am bullish about.

Overall, this income stream is able to generate 4-digit passive income (SGD) for me although the amount can be inconsistent every month due to price fluctuations of the underlying crypto tokens. This passive income stream is also riskier, so risk-reward ratio wise, only if you are able to withstand the price volatility, the passive income is real and waiting to be made.

Passive Income Stream 3: Axie Infinity Scholarships (In Progress)

For those who don’t know what Axie Infinity is, it is a Pokemon-inspired NFT strategy game which is built on top of Ethereum. The game is a pioneer of a new phenomenon known as “Play-To-Earn” or P2E. I wrote a post on the game before so you may want to check it out if you don’t know what is going on.

Essentially, you need 3 Axies (the in-game NFT creature) to start playing. At the point of writing, you need approximately $1200 USD to get started with a decent team of Axie.

This can seem like a hefty starting cost, but it really is not. Once you start playing, you will earn a reward token called Smooth Love Potion (SLP) which can be used either for breeding or sold off for fiat like USD. SLP is a ERC-20 token that can be traded on crypto exchanges and exchangeable for real money.

If you are able to earn at least 150 SLP per day (minimum requirement), that would be a total of 4500 SLP in a month. At current prices, that would translate to roughly $1350 USD, so you breakeven from just playing in your first month.

Of course, if you are not happy with the game, you can simply sell your Axies off and try and breakeven. But that is not the topic for today.

For me, I am currently breeding Axies together with my girlfriend. We pooled out resources together and launched a breeding farm and in about 2 days from the point of writing, we will be launching our Axie “Scholarship” programme and offering Filipinos on Discord a chance to earn an income during these difficult times.

Our goal right now is to onboard a total of 5 scholars and we are currently conducting interviews and sourcing for potential scholars for our programme. We have already onboarded 1 and are in the process of onboarding 4 more in the next few weeks.

How Scholarships Work

In simple terms, the scholar are like employees who trade their time and energy in return for monetary incentives (in this case, SLP). Scholars do not need to dish out any upfront capital to play the game and the SLP earned are profits for them to keep.

In return, scholarship managers are business owners that dish out initial capital (the 3 Axies) for scholars to start playing the game and earning SLP.

This symbiotic relationship means that both the scholar and manager are able to achieve mutual wealth creation since a portion of what the scholar earns will go to the manager, in return for the manager’s capital layout cost and soaking up the risk of Axie ownership.

Once we are able to get the right number of scholars onboard, it can hopefully create a viable and scalable income stream for my girlfriend and I. Also, scholarships are not just meant for profit generating purposes, but also providing meaning for low-income earners in the Philippines and giving back to the Axie Infinity community.

The community is filled with helpful individuals who won’t hesitate to help newbies out and there are tons of informative YouTube videos and gameplays made by fellow Axie gamers that helped me tremendously when I first started.

The spirit of giving and the amount of abundance from this community is incredible, and I am proud to be part of the community and also launching a Scholarship programme.

If we eventually can onboard 10 scholars or more as we scale, our passive income stream will shoot through the roof. You can do the math and see what I mean 😉.

Conclusion

Passive income is extremely powerful, but an underrated way to achieve financial freedom since most folks are too busy with their lives and can’t be bothered to explore new options.

Most media outlets, financial blogs and educational platforms are lacking behind in terms of innovating new methods of passive income generation, and I hope my post today broadened your perspectives as to what you can do in the world of crypto and use creative methods to achieve sustainable passive income.

You don’t need to own dividend stocks, REITs, endowments or bonds or spamming your spare cash into CPF for the 4% (only to enjoy it when you are old), because there are more ways to achieve passive income with lesser capital, more flexibility and higher scalability.

While I am not bashing traditional methods of passive income generation, but merely stating alternative passive income methods based on my own convictions and beliefs.

So at the end of the day, if you do not believe in the potential of blockchain technology or crypto in general, the passive income stream that I am utilising may not be suitable for you.

Please take my article with a pinch of salt, as I am after all just a guy on the Internet sharing my thoughts and strategies I personally use to generate passive income.

Everyone’s path is different. We all have different circle of competence and risk tolerance levels.

But I still hope that my post was able to shed some light into how you can create passive income streams from nothing and bolster you current active income stream further.

Finding meaning from your passive income

Like Warren Buffett said, “If you can’t find a way to make money while you sleep, you will work until you die.”

Nobody could have said it better. Active income is what keeps you in the rat race. Passive income is what keeps you free.

Passive Income is earned even while you are sleeping

Financial Freedom is achieved when your passive income is more than your monthly expenses. When that happens, it means you no longer need to depend on your active income (or salary) to survive.

What this means is, you are no longer shackled by living pay check after pay check, and you will have more freedom and time to explore the things you truly love, or even start your own business without fear. That to me, is magical and I want to experience that one day, hopefully in my 40s or even 30s.

For now, I will continue to build up my passive income streams and maximise them by reinvesting them for the future. Who knows? I might retire earlier or later than my target age, but that’s what makes the future so exciting right?

What other passive income streams do you have that is supplementing your active income? Let me know in the comments below!

Join My Tele Channel Here For Blog Updates And More!

I use StocksCafe to keep track of all my investments + research on stocks. You can also view my portfolio as well as many others so you can compare your own performance with other investors. If you are interested in signing up, you can use my referral link to sign up and access premium features for 1 extra month for new users. (3 months)

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Axie Infinity: A Review and How to Earn Free Crypto By Playing a Game

This is the latest craze in the crypto space after a video documentary showed how people living in the rural areas of the Philippines were able to make ends meet by playing a blockchain-based video game called Axie Infinity.

The game’s idea and inspiration was taken from Pokemon and  you can battle, collect, raise, and breed Axies. That is important to what Axie is, but the ecosystem is way more complicated than how simplistic it all sounds.

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Behind the game itself, it is powered by the Ethereum blockchain, meaning it is open-source, and any player from any part of the world will be able to participate.

As long as you have a wallet that can hold ETH and buy/sell Axies or crypto tokens, you can access the game wherever you are.

Normal gaming companies want you to pay 60 bucks for a game and spend countless hours and days on it for fun, with no financial reward. But what if a game paid you 60 dollars per day to play it. The thought of that alone is crazy.

A game paying you to play? Yeah, it is and it is Axie Infinity’s vision and mission to make that happen. We have already seen it happen with players in the Philippines making cents (SLPwhen playing Axie Infinity. Play to earn is here. The entire gaming economy will change and we are already experiencing this shifting paradigm.

The Basics

In this game, you basically have the following:

  1. Axies
  2. Small Love Potion (SLP)
  3. Axie Types
  4. Breeding
  5. Axie Infinity Shard (AXS)
  6. Land

I won’t dive into the details of each as that can be an entire topic of its own. But in essence, Axies are NFT monsters which are each unique and different from one another. They have different genes (Dominant/Recessive) which are huge consideration for breeding but to get started in the game, you will need a minimum of 3 Axies.

My Starter Axies (2 Plant + 2 Aqua)
  1. I personally started with 3 Axies and it cost me roughly 0.5 ETH (1.2K USD) at the point of writing. You will have to go Youtube and do your due diligence on how to select the right Axies and how to build a starter team.

2. Small Love Potion or SLP for short, is the reward you earn when you play the game. It can be sold off for fiat and right now the 2 places to buy/sell them are Binance.com or Uniswap, which is a decentralised exchange on Ethereum.

But if you are into the business of breeding Axies, you need SLP to breed new Axies.

3. Axie Types

There are 6 (Main) different classes of Axies:

  • Beast (Orange)
  • Plant (Green)
  • Aquatic (Blue)
  • Reptile (Purple)
  • Bird (Pink)
  • Bug (Red)

Each of these classes has a specific ability tendency that they are best known for. Beasts and Bugs have higher morale, which means higher chance of critical hits in battle. Birds and Aquatics have higher speed, which means they attack first/faster. Plants and Reptiles have higher health (HP), which means more damage can be taken.

This does not mean they do not get the other traits, these are just the abilities that they are known for. The more of the class traits an Axie has, the more of that ability they have.

Body Parts

Each Axie has 6 different parts/traits. From top to bottom, they are: eyes, ears, mouth, horn, back, and tail. In battle, only the bottom 4 traits are used (mouth, horn, back, and tail). There will be future use cases for the mouth and ears, as of right now they are just for aesthetic purposes.

Purity

What does purity mean? Purity is the number of traits that matches the class of the Axie. For example, a plant with 6/6 plant traits is considered a ‘pure’ plant Axie.

4. Breeding

In Axie Infinity, Axie has 2 different lifecycles: Egg and Adult.

It takes 5 days for an egg to morph into an Adult.

Once the it grows into an Adult (also requires transaction), that is when you can battle and breed with your Axie, and continue that loop forever.

In an Axie’s lifetime, it is only ever able to breed 7 times, each time requiring more and more SLP to breed.

It is recommended to breed an Axie up to 4/7 times and maybe sell off the original Axie adult and use the 4 other virgin Axies and continue your breeding pool. Depending on how much SLP you earn, you can recoup your initial cost in approximately 2-4 months and from then on it will be profit, profit and more profits.

The analogy is the same as owning an investment property, once you pay off the initial mortgage, and you rent it out, those will be your passive income and your property turns into a money generator.

5. Axie Infinity Shard (AXS)

Axie Infinity Shards (AXS) are an ERC-20 governance token for the Axie Universe. AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes.

Players will also be able to earn AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives, but these are currently not available yet.

With AXS tokens, you will be able to claim rewards if you stake your tokens. For those that are not blockchain native and are not familiar with this concept, as an owner of AXS, you can lock your tokens (taking them out of circulation) by staking them through Axie Infinity. As a reward for this, you will earn both AXS and ETH and/or stablecoins. How? See the Delphi Digital Staking Report:

As a staker, you will receive AXS through staking yield and ETH/stablecoins from the treasury yield. Staking yield comes from the designed staking issuance.

Treasury yield comes from the treasury funds, which consists of fees derived from the Axie Infinity marketplace (breeding/buying/selling).

This is why it could be either ETH or Stablecoins, whichever currency is used in the marketplace transaction and accumulated in the treasury.

There are a total of 78,300,000 AXS tokens that are allocated for Staking issuance that are unlocked over 5.5 years.

In the first year, Delphi reports that the annual total yield, staking plus treasury, will be about 41.5% APY. That is not the crazy 100+% DeFi yield that we have been seeing recently, but it is still very decent returns. 

AXS went to the literal moon!

There are more insane reason as to why AXS is going to be so huge and why we saw the price of the token flying to the Moon and beyond, growing almost 200% in a matter of days.

Even with the meteoric rise of the token price, it is still extremely undervalued given that it is the fastest growing ecosystem with the most number of new users, real world adoption of blockchain technology, fastest growing gaming community (Twitch/Discord), highest revenue in the crypto space (more than Aave/Curve/Maker combined)

6. Land

Now land gets more complicated. As of now, land gameplay is still in development and all land are sold out. It is digital real estate and players basically buy NFTs called land where they can build literally anything and turn it into a new ecosystem of its own.

This is the concept of Co-Creation.

Essentially, this means that the possibility is endless as players are in charge of the games future. It is a player-led movement and beyond what game developers can control, and this entire new economy will form the Axie Metaverse and I believe that is one of the largest technological advancements in our time.

It is literally ‘Ready Player One’ if you watched that movie.

I won’t go into the details but as of now, players who own land will get airdrop rewards when it launches and have real estate rights on their land.

Game Play

The game play portion consist of two main components right now:

  1. PvE (Adventure Mode)
  2. PvP (Arena)

In PvE (Player vs Environment), players earn EXP (Experience Points) for battling monsters known as Chimeras. When you win, you will earn EXP points but you expense your energy.

This is the recommended route if it is your first 2-3 weeks of playing as levelling up your Axies as soon as possible is incredibly important so you can scale up your SLP (crypto that can be sold) gains.

In PvP (Player vs Player), players fight against other players in an Arena. The winning side will be rewarded with SLP and the higher your rank/Elo, the more SLP you gain.

However, do note that your opponent gets harder over time the higher you climb, so if your win rate is less than 50%, it is recommended that you farm SLP from Adventure first.

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Axie Battles V2

As you can see above, the basics are simple, you have 3 Axies (so does your opponent)

The goal is to defeat the opponent and you need the right strategies to do so. Each Axie class has strengths and weakness against the opponent and the meta will also be ever-changing.

If you played strategy based games like Hearthstone or Chess before, transitioning to Axie Infinity should be a breeze once you get the hang of how the cards work and the different abilities of each Axie.

Earning Potential

So this is the part everyone is excited about. How much can you exactly earn from playing this game? Well, it depends.

There are many different ways to earn. That depends on the kind of player you choose to be and your strategy to maximise it.

In Axie Infinity, you can choose from 3 roles:

  1. Farmer
  2. Breeder
  3. Collector

Farmer

The farmer role is obvious, it basically involves playing the game, and earning SLP. The more SLP you farm, the more fiat you can get when you trade them.

The end goal of a farmer is to maximise his returns by spending the least amount of time playing the game, so you are basically trading your time and effort for some monetary gains, which is the same concept as being an employee.

You are capped at 20 energy per day if you own less than 10 Axies, meaning you have 20 games worth each day that can generate you SLP from the game. If you lose, you don’t get any SLP. Energy replenishes every 6 hours for players with less than 10 Axies.

You also get to earn a maximum of 100 SLP from playing Adventure and 50 SLP from completing the daily quest, which is to log in to the game, play 10 adventure games and win 5 arena matches.

Assuming you manage to win at least 50% of your matches, complete the daily quest and max out your 100 SLP from adventure per day, your SLP earning potential from 1 day is approximately 200+ SLP.

Even if you didn’t manage to win games in arena, as long as you are able to max out your farm from adventure and completing the daily quests, you are guranteed 150 SLP at least per day.

Playing time wise, if you spend around 2-3 hours to complete the task and fulfil the 100 SLP from adventure, it is very doable.

With 200 SLP earned per day, that would translate to approximately 6000 SLP per month. Assuming the price of SLP as $0.2 USD at the point of writing, that would translate to a nice $1200 USD if you sell the SLP off.

It’s a decent way to earn some extra income if you ask me.

Breeder

Now this is where it gets more exciting/complicated depending on how you view it.

As a breeder, you main goal is not to farm SLP but instead, to find the pure breeds with 0/7 breeding on the market place and aim to breed out Axies that are powerful and pure that will attract buyers from the marketplace.

The earning potential will be many times more than what a farmer can earn, as by being a breeder, you are an investor and a business owner yourself.

As a breeder, you will need to dish out a hefty starting capital to fund for your initial breeding pool. To get started, you need a minimum of 4 (preferably) pure bred Axies from the same class, which can easily cost up to 1 ETH-2 ETH. For the sake of this example, we will use a Plant Axie.

A plant Axie is important because almost every starter team requires Plant as a tank. This is why Plants will always be in demand and it is a good way for breeders to make consistent income from selling new Axies on the marketplace.

As a rule, the game prevents incest so you are unable to breed a 0/7 Axie with their parents/grandparents.

With the initial 4 Plant Axies, what you need to do is to breed the 2 separate pairs and have 4 more newborns. Once your initial 4 Axies reach 4/7 breed, it is recommended to sell them off, or you can use it to battle/provide scholarships.

With the 4 newborns, you simply let them inter-breed and the cycle repeats. The best case scenario is to breed perfect genes with strong parts that are high in demand, and hopefully flip your cost basis and profit infinitely.

Scholarships

Breeding aside, some breeders also launch scholarship programmes for people who don’t have the starting capital to play the game but wishes to earn extra income anyway. Scholarship managers will be breeders who have excessive Axies that are no longer needed for breeding and can be used to battle and earn more SLP.

Scholarships usually have a set guideline of a 50/50 split where 50% goes to the scholar while 50% goes to the manager. If a scholar does well, he can even be promoted and earn 60% while the manager earns 40% and so on, but that is based on what was initially agreed on.

In essence, scholarship managers can launch a business from launching scholarship programmes and scale up the business if they are able to recruit more scholars to play the game, which increases their earning potential since the same amount of time is used but generating more SLP.

There are more details into these but to keep it short I will just end it off here.

Collectors

I don’t think anyone has the capacity to be a collector and if you are then you shouldn’t be reading my blog. This post is for beginners and starters into the game.

Anyway, collectors are high net worth individuals who collect unique Axies which cost hundred of thousands of dollars to millions of dollars on these digital NFTs.

They seek out the most unique and rare Axies, typically with mixed parts that are unsuitable for battle or breeding, but the novelty and scarce factor is what keeps their price tags high. They typically collect rare Axies known as Mystic Axies.

These Axies have body parts that are unique from the normal Axies and have a limited supply. Mystic Axies can easily cost 100 ETH or more depending on how they look and how rare their part is. You get the idea.

Collectors hold on to the NFT in hopes that one day the game will reach critical mass adoption and eventually they can sell off the NFT at a price much higher than they bought it for. Pretty much like CryptoPunks.

Conclusion

There are so much more details which I never covered in the post, and I leave you to explore the game further to do your own research and due diligence as to whether you want to commit to the game and buy 3 Axies where the cost can be pretty significant.

It is important that you understand what you are getting into and to understand the underlying technology before diving too deep.

Axie Infinity is a blockchain-based game off Ethereum, so it is important that you understand what Ethereum is in the first place and basic things like setting up a Metamask wallet, transferring ETH from an exchange into Metamask, and purchasing Axies using ETH. I will leave a few helpful links to help you onboard faster, but do note that none of these are financial advice, and you should do your own homework if you really want to get started on this game.

If you truly want to be profitable and make extra income from it, then you will need to commit time to the game and earn your SLP to make your investments worth your while, but who knows, maybe 1 year from now, 10 million people or more will be playing this game and your Axies can easily worth 4-5 times more than when you bought it. NFT is a magical new asset class with immense potential.

Here are some links which you may find useful for your Axie Infinity journey:

Axie Infinity Whitepaper/Guide

Axie Infinity Road Map

Axie Infinity Breeding Simulator

Axie Infinity Pricing Calculator

Axie Infinity Starter Guide with Good Info

Axie Infinity Market Place

Join My Tele Channel Here For Updates!

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner? 

Earn Yields on Those Crypto With These Platforms

You can read up more on my post  here to learn more about Celsius and Nexo which give you interest on your crypto assets 

Or read up more on Hodlnaut here which is a Singapore-based crypto lending platform with market beating interest rates

What is Bitcoin? Answers here

Or do your due diligence on Bitcoin in my post here where I debunk some of the myths regarding Bitcoin.

Gemini Exchange (My Favourite Crypto Exchange)

Also my crypto exchange of choice Gemini here if you are looking to buy your first crypto!

Too Many Crypto Platforms? Here’s a Crypto One-Stop Solution

If you think there are too many crypto platforms out there, here is a simple solution for you. An all-in-one app for you to earn yield, trade, invest or borrow crypto with high security and assurance. Check out my Matrixport review 

What is Decentralised Finance (DeFi)?

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more

How to Value Crypto Assets?

Learn more about how you can put a “fair value” on crypto such as Bitcoin, Ethereum and more here

Crypto Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount! 

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

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Matrixport: Get a $1288 free coupon trial to try their product and earn $20 in USDC when you sign up successfully and become a qualified client!

Nexo: Earn US$10 in BTC for free when you transfer US$100 or more in any crypto asset of your choice!

The Power of Low Fees (My US Broker!)

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions. 

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far. 

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers)

Alright that’s it! For now, think long term, tune out the noise and avoid the temptation of gambling meme stocks, think of the companies that will do well in the long run simply find bargains/dollar cost into your positions. If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

Disclaimer: 

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Do note that this is not financial advice. If you are in doubt as to the action you should take, please consult your stock broker or financial advisor.