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Mining stocks are an extremely volatile asset class where the odds of any investor getting into a story, experiencing impressive gains, only to then take a round trip back to break-even… and finally into NEGATIVE territory are actually quite high (sadly)… In fact, that dreaded rollercoaster ride where you see all your once “hefty” profits in any single position later eviscerated into NOTHING is something that I’ve experienced more often than I’d like to admit…

Yes, it’s impossible to ever perfectly “time the market”, but I think it goes without saying with mining stocks — Whenever you’re in healthy profits and feeling good about yourself, it’s a prudent idea to consider booking some profits!

Now, the key word here is “some”… For each investor, it’ll vary… Perhaps, you might consider “selling 1/2 on a double”, or start trimming down some stock in tranches… In the most extreme cases (these are actually my favorite scenarios), you’ll be very open and honest with yourself and declare most adamantly that you’ve had a spectacular run and it’s now worthwhile to close out the entire position and call it a day…

From my own experience, I will vehemently concede this universal truth with selling high:

Everytime I sold into immense strength, I felt like a total idiot… because everytime I succeeded in the strategy of “buying low and selling high”, the stock would almost ALWAYS keep surging higher, higher, and higher still immediately AFTER I cashed out…

It is so incredibly painful to watch a stock that you once believed in so strongly do well, and then continue exceeding your wildest expectations and dreams…

But hey, shit happens…

I mean, if you just accept straight up, right off the bat that you’re never ever gonna be good enough to catch the exact top, then I think over time, the task of selling just becomes that much easier…

Let’s face it — Markets go up and they go down… In the wacky world of mining stocks (ok not as wacky as cryptos, but still), you’re almost guaranteed to go through interim bull markets and bear markets… It just comes with the territory, so again, whenever you start feeling overconfident and your SMUG reaches an apex, it’s time to SELL SOMETHING.

In 2017, I think I did a decent job of selling some stocks high, such as the following:

I’ll be completely honest with everyone here, when I sold Ivanhoe at C$4.00/share, it felt exhilarating as hell to book such a large win (for me personally), but I felt almost sick to my stomach when I watched it surge right passed C$4.00/share and into the C$5.00/share range…

Well, like I mentioned, you’re never going to nail the exact top, so you just have to accept that! I mean, the worst thing I could have done (with the benefit of hindsight) was to dwell on “missed gains”, give in to irrational FOMO, and chase the stock that I had just sold for massive profits into record high valuations…

Again, this is mining we’re talking about here! Roundtrips are a dime-a-dozen

In the case of Ivanhoe Mines, here’s where we stand just a little over 1 full year later…

No, not exactly a roundtrip, but still, it’s quite the fall from grace (C$5.00/share) for a stock that is usually an industry favorite…

As for Klondex Mines? Damn, that downfall has been brutal…

As discussed at length in the link above, I sold out of my last tranche of KLDX at $5.60/share, and here we are now at $1.55/share

In the case of Klondex, it was more luck than skill… but a win’s a win, so I ain’t gonna complain!

No, I don’t always get it right, and sometimes I let go of a high quality stock way too early… such as Kirkland Lake Gold…

Also in the link above, it shows that I walked away from my Kirkland Lake shares at C$11.94/share (selling the whole enchilada), and here we are today with shares of KL.TO trading at C$16.75/share, a whopping 40% higher than my exit point…

It’s mining…

You win some, you lose some…

But regardless, no one goes broke taking profits!

Quite frankly, I think there’s just constantly way too many new trains arriving at the station for us to ever dwell too much over missed opportunities…

Just live to fight another day!

And like I ALWAYS emphasize on this blog, we don’t live in a binary world, so we shouldn’t approach investing/speculating in that light, anyway…

Going back to the KLDX example, an investor/speculator didn’t have to sell EVERYTHING at/near the 52 week highs, but I mean even trimming some stock, or periodically selling off tranches into such immense strength wouldn’t have been a bad idea! I mean, even if you were still RED today on your KLDX position, selling anywhere near $5-6/share would have de-risked your position by reducing the cost basis substantially!!!

To succeed in mining, over the long run, I think that’s the key — Book your profits and don’t let them vanish away… because if you give it enough time, those gains will disappear!

Well, of course, it’s easier said than done!

Recently, here are some of my favorite mining stocks that I’m struggling with…

  • Birimian Limited (BGS.AX/EEYMF)
  • Nzuri Copper (NZC.AX)
  • Critical Elements (CRE.V/CRECF)

Birimian Limited has fallen from A$0.84/share to now just A$0.475/share

Nzuri Copper peaked most recently at A$0.48/share, and now it’s trading at only A$0.30/share!

And lastly, Critical Elements has collapsed from a 52 week high of C$1.86/share to C$1.19/share

In the case of Birimian Limited and Nzuri Copper, I haven’t sold down any shares (well, not really… just a minuscule amount of BGS.AX), so yes, I most definitely rode the wave up and all the way back down again…

It sucks…

Not gonna lie…

Do I wish I was less GREEDY?

Absolutely!

It really doesn’t matter how much I still believe in those individual stories and how much higher I think these stocks will run (in the proper bull market environment), because at the end of the day, it’s all about making $$$ and securing our financial freedom…

Mining stocks are just a vehicle to help propel us (faster) to the top of the early FI mountain, but they are no doubt meant to be discarded after they’ve served their intended purpose…

So, yes, this is another case of live and learn for myself…

As for Critical Elements?

Well, here’s a stock I’ve actually managed to do quite well with (I have a negative cost basis on my remaining shares), because I actually stayed disciplined and sold off many tranches as the stock was ascending to the moon!

From August 26, 2017:

I sold some shares of Critical Elements at C$0.89/share, C$1.22/share, C$1.45/share, and now C$1.70/share

Anyway…

Clean energy/EV stocks (cobalt, lithium) are really struggling right now, which is a shame… but a good reminder to investors/speculators to never get too greedy when they are in good profits.

Next time around, I hope I can stay more grounded and realize that selling into strength and watching a stock rip much higher is not such a bad thing…

The alternative (a nasty death spiral), is far, far, far more painful a situation to find yourself experiencing (e.g. cryptos for anyone who was buying BTC at $19,000/coin)…

So, next time around, if lithium and cobalt stocks are soaring into record highs, I’m gonna have to take a good look in the mirror and realize that:

  • I’m not that good.
  • When I feel smug and smart (a huge RED FLAG), it’s time to sell SOMETHING!

After all, these are mining stocks we are talking about here…

What goes up, will come crashing back down again… eventually…

Don’t lose sight of why we are doing this — Fall in love with early FI, not your mining stocks.

Fight On!

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In the wacky world of cryptocurrencies, as soon as I hit the ‘publish’ button on any article, I can pretty much rest assured knowing that whatever thoughts that I have at that moment will be relegated to obsolete immediately after.

That’s just the way the game goes in Cryptoverse… We are operating in a sector that moves at the speed of light and is driven by sentiment much more than anything else…

So, we can easily have a cataclysmic sell-off event of epic proportions on one day, immediately followed up with the following…

Yeah, talk about a batshit crazy rollercoaster ride…

With that said, it should come as no surprise to readers that I already feel the need to amend my thoughts that I shared with everyone in the latest newsletter

So, here we go…

I think the ICO game is still very much worth learning and following closely… Because you just never know! If a “once in a lifetime” opportunity arises (e.g. Icon; ICX or Populous; PPT), it will certainly make all the hard work/research worthwhile as anyone who gets into such ICOs will be fast-tracking their progress to early FI in a heartbeat…

I mean, the numbers speak for themselves!

As 2017 concluded, ICX was up 51.37x from its ICO price…

PPT was up an astounding 134.33x!

Life changing gains!!!

And I do know of people in my own personal circle who were savvy enough to get into those ICOs… and right now they are laughing their way to the bank… Yes, even despite the most recent blood bath in cryptos…

Now, let us address the most recent blood bath in cryptos…

Yes, it’s very obvious now (with the benefit of hindsight) that Bitcoin (BTC) and various other cryptos were in a massive bubble and residing in extremely overbought territory… Now that BTC has fallen from $19,000/coin to just over $7,000/coin, it’s safe to say that “euphoria” phase has come and gone…

Could things get a lot worse from here?

Absolutely!

But despite the short-term volatility and nasty downtrend, in the BIG PICTURE, I still believe cryptos and blockchain are here to stay for good…

Right now, I realize that cryptos (on the whole) are struggling mightily, but show me another asset class that can offer such ridiculous and outsized upside potential?!?!

Obviously, I’m not suggesting it’s easy (or likely) to happen again, but on the path to early FI, I just don’t understand how it does anyone any harm to be open-minded to new ideas?

As I spoke about in the newsletter, it’s not like anyone is forcing you to speculate in these super risky ventures…

I most certainly am NOT!

And you don’t have to go “all in”, or throw the kitchen sink at cryptos/ICOs…

Life isn’t binary and neither is investing/speculating!

All I’m saying is that you will do yourself a lot of good on the path to early FI (and life in general) if you keep your mind open to new ideas…

It’s all about learning!

And then, someday, hopefully you get lucky…

Luck is when opportunity meets preparation…

So many people whine and complain everyday about NOT being able to participate in private placements (e.g. for mining stocks) because they don’t meet the accredited investor requirement, have an opportunity with cryptos, yet can’t be bothered to spend even 5 minutes researching the space!

Go figure…

Further, with ICOs, a lot of times the minimum contributions only require 0.1 ETH (not much capital at all!)…

ICOs are a wonderful opportunity for the “retail folks” to get in on the action early!

With that said, here are my revised thoughts:

In a prolonged bear market for cryptos, succeeding with ICOs is going to be extremely tough and tricky… If investors/speculators are too scared, I think it’s going to be most difficult for many of these companies to raise capital… and many ICOs won’t close fully subscribed… Further, if “dumb money” (newbie retail investors) don’t continue to come flooding in, it will be challenging flipping many of these tokens post-ICO for 2-10x gains, or whatever ridiculous numbers ICO investors were making during the “good times”…

But even in January (when the crypto bull market was still very much intact), ICOs were already becoming less lucrative b/c with so much retail interest, many tokens were heavily oversubscribed, so it was common for some of the more popular tokens to severely limit the allocation for each participating individual… I mean, look at Bee Token (BEE) which capped each investor to contributions of up to 0.1 ETH on Day 1 (the cap was only raised on Day 2 for any unsold tokens)…

And as mentioned in the newsletter, there are just so many SCAMS these days! We’ve got to be so careful out there!!

With that said, although I’m still watching ICOs very closely, I think that presales are a preferred way to go (if you can get in)… With presales, you’re typically able to get in with better terms (lower price to ICO and sometimes bonus tokens, to boot), and most importantly of all — You don’t have to deal with crowds (e.g. gas wars) and you can get a much larger lion’s share allocation…

Above and beyond presales and ICOs, in a prolonged bear market in cryptos, I also strongly feel that if some of the top platform coins (ETH, NEO, ICX, etc.) continue to sell-off and exhibit extreme weakness, they will priced at such attractive levels that my own preference would be to gravitate towards just buying and HODLing the “best stuff” out there, and do away entirely with presales and ICOs…

I mean, let’s be real here — If Ethereum (ETH) is trading at $1,400/coin, of course, there is a ton of appeal with presales and ICOs… But what if ETH falls to $300/coin? Why would investors/speculators continue taking on such extreme risks with presales/ICOs, when they can just simply buy and HODL ETH!?!

The path of least resistance, as far as I’m concerned, is going with the “best of the best” coins at attractive prices…

ICOs are most attractive (and potent) in a raging bull market… In a neutral/bear market? Not so much…

But cryptos are an ever-evolving space, so that’s why my thoughts are so dynamic and ever-changing…

But who knows what tomorrow will bring?

For all we know, sentiment might return in full force to cryptos later this year…

And that’s why I decided it was worth my time and effort to devote an entire newsletter to covering cryptos and ICOs now… I even went through how to setup a MyEtherWallet and Neo Tracker/NEON wallet step-by-step, as boring as those sections were to put together (just being honest guys)…

Anyway, so far I’ve gotten some very encouraging feedback and it feels awesome to know that there are so many readers of this blog who are so excited and passionate about early FI and open to new investing/speculating opportunities!

Seriously, it really makes my day to connect with other like-minded individuals who are so determined to reach their goals and wildest dreams!

And for me, that’s what it’s all about!

As I covered in a recent post, I’ve climbed up the early FI mountain twice now, so my own journey is getting a little tired and long in the tooth…

It’s not so much about me anymore…

It’s about YOU!

No, I’m not saying I have all the answers and that my ideas will pan out… but I feel like the point of this blog is to try and keep you all informed with the latest: ideas, trends, opportunities, etc…

There’s ALWAYS another train arriving at the station!

Early FI is a most wonderful and worthwhile goal to strive for in life.

It’s not easy, but I’m adamant in my belief that the ones who get there are the folks who are most open-minded to learning and improving.

Fight On!

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Thank You Edition #3 has just been released to subscribers this morning. If you have made donations to this blog and did not receive a copy (it’s usually caught in SPAM, if you can’t find it), please send me an email at: fifightervideo @ gmail

and let me know…

Learn more about the Thank You Edition newsletter, here.

As is often the case with what I do, my timing couldn’t have been much worse! Here I am learning the ropes on the ICO game, and cryptocurrencies are currently crashing and burning (there is excess FUD out there about upcoming government regulations/bans)…

Interesting times, indeed…

In any case, this is another mammoth post, over 8,600 words… So, yes, it took me a loooooooong time to write and put together (please excuse any typos and spelling/grammar mistakes)… not to mention the amount of research and learning that I had to go through since cryptos are still very much brand new to me…

It was fun, though, and just like with every other asset class before it, I feel like I’ll have to put in a couple thousand hours of concentrated effort before I even have a basic, rudimentary grasp of the subject…

Always learning… and improving (hopefully)!

Whether we actually ever apply any of the information/knoweldge, is a whole nother story…

I’m just gonna try my best to stay open-minded, and if I see opportunity (I don’t care in which asset class, I’m an agnostic investor), I’ll look to make a move and strike while the iron is hot…

Anyway, I really hope you enjoy this latest newsletter, and thank you again to everyone who is making generous contributions and supporting my work and this blog…

I grinded all weekend to put the finishing touches on this issue, and I feel really sleep deprived right now, so I’m gonna head off to bed…

Early FI is what it’s all about!

Fight On!

Best Wishes and Dream Massive,

Jay

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Hey everyone,

I just wanted to leave a quick note here on what I’m up to these days… Currently, I’m working on writing up a “Getting Started in Cryptos” tutorial guide, basically how to setup an account on exchanges, and going over the basics…

For the most part, I’ve been spending the last month getting up to speed on Cryptoverse and learning the ropes on how Initial Coin Offerings (ICOs) work… It’s been a bit of a learning curve… I’m slowly but surely figuring things out…

I realize that I’m a little late on releasing the latest newsletter, Thank You Edition #3, so please bear with me as I look to get that out to you before the end of the month… In the next issue, I will be going over some of the ICOs that I’m getting into and the ones that I’m watching (the next wave to hit) most closely…

As I mentioned in the last post, some buddies of mine got into SelfKey ICO, and made 3-5x gains over a weekend (insane but true)… I missed out b/c I made some newb mistakes, but live and learn…

Anyway, Alpha cryptos (ICOs) are an extremely exciting and HOT space to be in right now, and one that is definitely worth monitoring closely if you’re a speculator (gambler) who wants to try and generate some outsized returns in your portfolio with a minimal amount of capital… But seriously, cryptos aren’t for everyone, so please do your own research, due diligence, and assess your own tolerance for risk and volatility before jumping in (it’s the Wild Wild West, indeed).

I’ll also share my thoughts on the macro markets and the mining sector as a whole, since a bulk of my portfolio is still comprised of beta mining stocks.

Bottom line — I’m just a fan of opportunity and a totally agnostic investor. I am NOT “all in” on cryptos and abandoning the mining sector entirely… Further, I enjoy learning and I will admit it’s pretty cool to learn something new that I previously knew absolutely nothing about.

As always, I just want to pass on any insights, learnings, interesting stuff that I pick up along the way with you all.

Thanks for all your patience and ongoing support!

Cheers,

Jay

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Wow, things are getting really, really bad (ugly) in the crypto space…

What a blood bath across the board!

“Buy low and sell high.”

Personally, I think things are gonna get even worse, too…

Sorry guys, this intro post and newsletter are taking me longer than expected… Truth of the matter is that there is just way too much happening in cryptos right now, so I keep getting distracted… Really, it’s becoming information overload on a regular basis…

It’s amazing how fast content can become obsolete in the crypto space too… A lot of the things that I was writing about, I’m deleting/re-formatting… Sigh…

But I’m really looking forward to sharing my learnings on ICOs, and the stuff I’m dabbling in right now…

Cryptos are a most crazy (and beyond volatile) market…

Stay tuned, will be working all weekend to get the updates out.

Thanks for your patience!

Cheers,

Jay

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Hey everyone,

I just wanted to leave a quick note here on what I’m up to these days… Currently, I’m working on writing up a “Getting Started in Cryptos” tutorial guide, basically how to setup an account on exchanges, and going over the basics…

For the most part, I’ve been spending the last month getting up to speed on Cryptoverse and learning the ropes on how Initial Coin Offerings (ICOs) work… It’s been a bit of a learning curve… I’m slowly but surely figuring things out…

I realize that I’m a little late on releasing the latest newsletter, Thank You Edition #3, so please bear with me as I look to get that out to you before the end of the month… In the next issue, I will be going over some of the ICOs that I’m getting into and the ones that I’m watching (the next wave to hit) most closely…

As I mentioned in the last post, some buddies of mine got into SelfKey ICO, and made 3-5x gains over a weekend (insane but true)… I missed out b/c I made some newb mistakes, but live and learn…

Anyway, Alpha cryptos (ICOs) are an extremely exciting and HOT space to be in right now, and one that is definitely worth monitoring closely if you’re a speculator (gambler) who wants to try and generate some outsized returns in your portfolio with a minimal amount of capital… But seriously, cryptos aren’t for everyone, so please do your own research, due diligence, and assess your own tolerance for risk and volatility before jumping in (it’s the Wild Wild West, indeed).

I’ll also share my thoughts on the macro markets and the mining sector as a whole, since a bulk of my portfolio is still comprised of beta mining stocks.

Bottom line — I’m just a fan of opportunity and a totally agnostic investor. I am NOT “all in” on cryptos and abandoning the mining sector entirely… Further, I enjoy learning and I will admit it’s pretty cool to learn something new that I previously knew absolutely nothing about.

As always, I just want to pass on any insights, learnings, interesting stuff that I pick up along the way with you all.

Thanks for all your patience and ongoing support!

Cheers,

Jay

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Lambos to da moon! Well, for anyone who was betting big on cryptocurrencies this time last year, what once might have seemed like a far-fetched pipe dream became a very tangible reality… in a very short period of time.

Readers who have followed this blog for any length of time know that I have carved quite the reputation and am notorious for jumping ship and switching topics/asset classes on a whim…

Just one short year ago, I was incredibly bullish on precious metals and clean energy mining stocks… and well, I actually still very much am today, but most recently, my own personal portfolio set some new milestones, and long story short, let’s just say that I exceeded my original goals/aspirations by leaps and bounds

Mining stocks treated me very well, and like I mentioned last time around in the year end newsletter to subscribers, I will be looking to exit stage left beginning this year…

Although the decision to taper back and eventually sell off my mining stocks portfolio was ALWAYS part of the plan (long-term I really only believe in buying and HODLing Class A/Tier 1 real estate), I will say that there is absolutely no correlation between my decision to exit miners and to start speculating more heavily into cryptocurrencies…

So, why the decision to get into cryptos now?

Although there are multiple reasons, here are the most obvious to me:

  • The gains that can be made through participating in Initial Coin Offerings (ICOs) can be life-changing and you don’t need to risk much seed capital to experience epic wins.

Here are two most recent home run examples:

Icon (ICX) up 78.29x since its ICO in September 2017.

Populous (PPT) up 143.74x since its ICO in June 2017.

  • Cryptos have universal, global appeal. It’s an easy market to get into as the barrier to entry is low.
  • The entire crypto sector is a potential hyper-growth story much akin to Internet 2.0. Yes, most coin offerings will blow up and revert back to their intrinsic value of ZERO, but the few that do survive will most likely thrive and produce staggering returns. Let’s be real here, if you could rewind the tape, would you not have wanted to own even a tiny morsel of the following stocks: Apple (AAPL), Google (GOOG), Facebook (FB), Netflix (NFLX), etc?

As shown above, let’s say a speculator took a shotgun approach and loaded up on a bunch of ICOs, 15 in total… Well, shit, if you were lucky enough to get a seat at the ICX/PPT table, you’re pretty much won and done!!

Early FI for perpetuity!

For all you care, your remaining 14 ICO positions could have all self-destructed, and you’d still be walking out of the casino with a big grin on your face… and possibly taking off into the cool night in a new lambo!

Anyway, you get what I’m trying to say here…

For the longest time, I was a speculator into alpha mining stocks, which I used to try and generate outsized returns; my hope was the alpha specs would help provide a little spice to turbocharge the overall mining stocks portfolio (which was primarily made up of more fundamentally sound beta stocks)…

Sometimes I swung and missed badly (e.g. Novo Resources; NVO.V/NSRPF) and on occasion I hit bigly (e.g Garibaldi Resources; GGI.V/GGIFF)…

Speculation has never been easy and it never will be easy! But as everyone in the mining space knows, early stage exploration is EXTREMELY RISKY and most drill plays end up going bust sooner or later down the road…

I mean, even some of the most prospective plays out there run into HUGE bumps in the road…

Just check out what happened to Aurion Resources (AU.V) recently after their initial drill results failed to live up to the market’s insane blue sky expectations…

Yeah, so I really don’t want to hear the argument that crypto ICOs are somehow a lot more risky and speculative than early stage exploration mining…

In my own eyes, whether we are talking about alpha mining stocks (early stage exploration) or alpha cryptos (ICOs), THEY ARE BOTH INSANELY OFF THE CHARTS RISKY! This is pretty much straight gambling, so only play with capital that you’re willing to lose completely…

And never forget to “sell half on a double”, de-risk, and pull back out your initial capital ASAP!

With all that said, here’s an ICO, SelfKey (KEY) that some friends of mine took part in just last week…

From SelfKey.

From the above chart, you can see that SelfKey raised $5.940 million at $0.015/token during the ICO… The maximum purchase was capped at $3,000 (since it basically sold out in the first 7 minutes)…

1.5 cents

What’s your downside risks?

Remember, I am a big fan of asymmetric bets and I like to always look at speculations from a Risk vs. Reward perspective…

In the case of SelfKey, with so many interested parties trying to storm into the ICO, I just knew that there was going to be some good upside with this one…

Did I try to get into the SelfKey ICO for myself?

Of course I did…

But since I was a total newb at this ICO game (I still am), I whiffed and made some newb mistakes…

Here’s what I did wrong…

The SelfKey ICO turned into a total gas war… Since we’re talking about the Ethereum (ETH) platform and ERC20 tokens, it’s all about the Gas Price (GWEI)…

I put down 90 GWEI thinking I had a good shot at getting a ticket to the dance…

Hah!

Although I sent in my transaction order at pretty much EXACTLY 4:00 PM PST (when the ICO went live), I still failed…

Here’s what somebody else did (and what a successful transaction looks like)… 

This particular individual went in with 112 GWEI…

Shoot, I didn’t even know going over 99 GWEI was possible!?!

But I do now…

No, not every ICO turns into a “gas war”, but sometimes they are, and well, you’ve just got to be ready to jump the queue if you really wanna win…

In the case of SelfKey, it was totally worth the extra “toll fee”, of let’s say no more than an extra $100 USD in transaction expenses (which is a very extreme worst case scenario)…

To win an ICO, having to fork over an additional $100 USD in fees is “chump change” as you’ll see below…

Shortly after the SelfKey ICO ended (like the next minute, it felt like), the company announced that tokens would be free-trading on KuCoin this past Monday…

From KuCoin.

And the next thing you know…

The above screen capture was an intraday order book for SelfKey on KuCoin…

Yup, that’s right, on the first day of free trading, SelfKey hit a high of $0.08/token

$0.015/token to $0.08/token

5.33x

In a span of over a weekend…

If you were able to catch a trade around these levels, we’re talking about multiplying an initial investment from:

$3,000 -> $16,000

Although I am not monitoring SelfKey at all (since I didn’t get into the ICO), I heard from my buddy that it actually reached a price level even above $0.08/token

Anyway, the exact “top” doesn’t matter…

I think we can all agree that 5x returns (shoot even 2x) is well worth the: time, effort, struggle, learning curve, etc. to try and figure out…

No, absolutely, I am not suggesting that Happy Days will persist indefinitely, but for the time being, the ICO game is definitely working, so if you’re able to participate, why the hell not?

Each ICO will vary, but by and large, each offering requires a Know Your Customer (KYC) background check… What this means is that for each ICO you apply for, before you can get approved to participate in the token sale, you must pass screening, which usually consists of:

  • Passport photo CLEARLY legible.
  • Selfie of you holding the passport photo (with text still CLEARLY legible).
  • Some offerings (although rare) are asking for proof of residency (e.g. utility bill).
  • Etc.

Although it varies for each ICO, by and large, right now, citizens from the following countries are typically banned from participating:

  • United States.
  • China.
  • Singapore.
  • Etc.

If you have a passport/ID from one of the above countries, tough cookies, you’re not going to pass KYC…

But not all is lost… When there is a will, there is a way…

Please note, owning cryptocurrencies is NOTHING like owning stocks in a brokerage account… Crypto wallets can be created on a whim and owned by anyone anonymously… In other words, once you’ve got tokens in your private wallet, nobody is going to check to make sure your name matches up with a certain account number, or anything like what is done using conventional platforms…

Cryptos are the Wild Wild West…

There are no rules, essentially!

No, I’m not going to advise anyone on what to do, or not do… We are all adults here, so play within your own comfort level, do your own research, and ALWAYS assess your own risk tolerance… All I’m saying is, just like with early FI, sometimes if you want to get things done, you’re going to have to think outside the box a little bit… I will never ever suggest anyone do anything shady or illegal, but what I’m alluding to is more along the lines of individuals getting together to form solid partnership deals. You know connecting with people who can and do qualify for participation into ICOs… Hopefully, there’s a win-win opportunity for all parties involved…

Anyway, cryptos are SCORCHING HOT right now, and it’s only a matter of time before the masses move into the sector aggressively (and in droves)…

As readers all know, I try and be as open-minded as possible… Initially, I made dumb assumptions about the crypto space, didn’t know what I was talking about, and wrote this asset class off entirely as being “overhyped and in a serious bubble.”

I was dead wrong… Ok, so what?

I missed out… on some MASSIVE gains…

I’m willing to admit that.

I’m wrong all the time!

I ate some humble pie with cryptos…

Now I’m moving on…

Sure, I still think the overall crypto sector is “overhyped and in a serious bubble”, but just like mining stocks, real estate, traditional stocks, etc., sometimes there are “diamonds in the rough”, and you’ve just got to know where to go look…

With cryptos, I’m not experiencing serious Fear of Missing Out (FOMO) and chasing after coins that have already skyrocketed in value and are rising due to nothing more than pure hype and insanity…

No, I’m going “bargain hunting” in the ICO space, no different than what accredited investors do with mining stocks via private placements… As someone who has participated in a traditional private placement before in the past, let me just say this:

ICOs are way, way, way, way simpler and easier to participate in than private placements… Private placements are a total pain in the ass, and I’m still working on converting some paper share certificates into digital form so that I can freely trade them online… Further, the fees that you’re paying for private placements can be asinine in comparison to cryptos… It’s a total joke how much the middlemen are making every step of the way in the traditional/conventional markets…

It’s no contest, and knowing what I know now, I would never waste my time/energy chasing after private placements (unless it’s just an absolutely killer deal that I can’t say no to)… No, for the Average Joe (like me) with no deep “insider connections” in the business, I’d rather just stick to ICOs than private placements…

Bottom line — ICOs are probably gonna get you way more upside than private placements and the barrier to entry is almost nil (ANYONE who can pass KYC is able to participate, you don’t have to be an accredited investor!).

So there you have it…

I hope this post helps clarify and explain why my own focus has shifted away from alpha mining stocks and into crypto ICOs, instead… Crypto ICOs are all the rage right now, so I’m going to do my best to get in early to some of the more promising projects out there, and hopefully eke out some decent gains along the way… But just like everything else, again, it all comes down to Risk vs. Reward… If you don’t feel like the upside justifies all the risk you are taking with you own capital, pass and move onto the next thing…

Nobody knows how long this crypto ICO game will stay lucrative… So, I think the key is to stay fluid, adaptable, and most importantly of all, open-minded…

I still don’t know jack shit about cryptos, but hey, I’m willing to embarrass myself trying to learn along the way so that one day, hopefully I’ll make some decent progress and gains in the space.

Lambos to da moon!

Fight On!

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One thing about being a world traveler is that over time you get to build a comprehensive database filled with so many different people and personalities. But no matter where I go, one thing is constant — Everyone desires financial independence.

In other words, “work (by necessity) sucks”, and everyone out there knows that…

However, when it comes right down to it, I would say only a small minority of the people that I’ve ever met have that burning desire and hunger to actually do something about it so that the amazing dream of being financially free can become a reality.

Although I wouldn’t go as far as to say I know much about anything, one thing about my nature is that I like to help people in any way that I can… So, if the topic of finances and financial independence ever comes up in conversations, I’m more than happy to discuss the topic at great lengths… For some people, what I have to say is nothing special at all… In other cases, the other party is way more successful than myself, and it’s me who must sit up and pay attention so that I can absorb additional knowledge and insights… And other times, I feel like I’m introducing new concepts and ideas to my audience…

So far, it’s kind of been a crapshoot… My favorite type of people to meet and associate with on a regular basis, though, are the ones who later tell me after our initial encounter:

“Wow, it was so great to meet you! I couldn’t sleep last night at all, my head was just racing with ideas after our conversation! I’m so excited and pumped up for my future… I can’t wait to get started!”

Something along those lines…

That tells me a lot about the other person…

I mean when I hear that, I really can’t help but be fired up for the other person, quite honestly. It’s quite awesome anytime I have the opportunity to share whatever insights and wisdom I’ve picked up over the years on my own quest to early FI… Naturally, it becomes a positive feedback mechanism, and as the other person and I engage in more conversations, our rapport grows, and the hunger spreads even more than before…

The go-getters… People who get shit done, want more in life, and are willing to exert all their effort to the MAX to make their dreams a reality.

Why wouldn’t I want to immerse myself in the company of these individuals?

So I have.

And I continue to do so… all across the globe.

Early FI has universal appeal.

I’ve got friends all over the world.

I don’t discriminate.

But you know what’s funny?

Like I said, the odds of meeting such motivated individuals are quite low, and more often than not, I find myself meeting the other side of the spectrum as well…

Good people who mean well and want life to be perhaps a little better for themselves… You know, more play and less work… These people can of course grasp the wonderful idea of owning their own time and being able to do whatever they want, whenever they want…

But with these individuals, even if they seem to elicit a strong degree of interest to learn more about early FI from the start, after a few encounters or conversations, I find that their interest starts to taper off precipitously… For some people (who I misjudge to be more interested in learning about early FI than they really are), I’ll pretty much try and show them the door, with them having to only walk through it as the only remaining step for them to get started down the path to early FI… And sometimes, I think the proposition I’m presenting to these folks is so enticing that there’s no way they could refuse my offer…

Yet they do…

It’s a tough reality for me to grasp (one that I will never fully understand), but hey, it is what it is… and that’s what makes life and people so exciting and interesting…

You never know what you’re going to get…

But these days, I get to be a whole lot more selective with who I choose to surround myself with. For myself, I’m not the kind of guy to judge someone based off of what their bank balance looks like… That shit means nothing to me… No, all I’m looking for are like-minded individuals who have a burning desire to succeed in life, are open-minded, willing to think outside the box… and most important of all, take action.

The path to early FI is non-linear and life changing results (for the better) can happen in the blink of an eye (I’ve experienced this twice myself)…

However, nobody is ever going to hand anything to you on a silver platter. If you want to accomplish amazing things, you’re probably going to have to take some risks along the way and be bold when others aren’t willing to do so… You gotta be willing to be a contrarian and seize opportunity when it presents itself to you.

Luck is when opportunity meets preparation.

Early FI is so beautiful… A truly worthwhile and amazing accomplishment.

Everyone wants to be financially independent, especially at a young age.

But ask yourself… Are you willing to do what it takes to get there?

The more magnificent the prize, the more you’ll have to sacrifice to make it happen…

It won’t be easy, no doubt, but If you’re too fucking lazy to even get started and you’re always looking for reasons and excuses why something can’t work instead of trying hard to figure out how to make it work, you’ve got a serious problem.

You gotta be inquisitive and ask a million questions… ALWAYS! Looking like a total idiot is worth doing many times over if it eventually helps mold you into a highly intellectual and skilled person who becomes proficient at the task at hand.

It’s worth embarrassing yourself repeatedly to gain competency so that hopefully, one day you will gain mastery at something most worthwhile.

To me, early FI is worth all the: hard work, effort, struggle, persistence, blood, sweat, tears, etc.

And the best way to accelerate the early FI learning curve is to immerse yourself with people just as hungry as you are. Surround yourself with peers who are on the same wavelength as you and you’ll go so much further than you ever thought possible. Don’t waste your time (and life) clinging on to people who aren’t going to better your life and push you to strive for more.

My inner circle consists of people who are way harder working than myself… Some of these people work full time, demanding jobs, have family and kids, yet they still find make time to read up on all the latest macro trends, investment ideas, and research… Many hardcore early FI enthusiasts that I know hardly even sleep b/c they are consumed with this dream and are always trying to make more progress… It’s a relentless drive and that fire burns brighter with each passing day.

I never have to motivate these people… They come back at me with millions of questions and ideas… Conversations are effortless and the focus is laser sharp… Each and every single day…

I can’t keep up!

Which is only good for me.

Again, you want a positive feedback mechanism in your life to push you to constantly try and get better.

Everytime I have the wonderful opportunity to meet more of these hungry people, I’m more than happy to connect. However, if the person at the other end of the table later turns out not to be what I initially thought they were, it’s all good, we can still be friends and hang out… but man, I don’t waste my time trying to mold that friendship into something more than just having a good time… Life is too short and there’s too many amazing people out there to meet to try and force fit a square peg into a round hole…

One thing I’ve really learned over the years is that you can’t teach someone hunger… No matter how much you try, if they don’t want it that bad, they aren’t going to work to make it happen… They could literally be starving, and even if you try and force feed them, they still won’t ever take a bite… Whereas the “whales” out there, they’ll dine at the finest buffets all night long and still want to consume many more plates of food…

Further, it doesn’t matter how much someone’s net worth is… It could be near zero or in the many millions of dollars; it’s irrelevant… The fire inside has to be innate. That’s what I look for, not the number of zeros showing up on your Mint.com account…

If you aren’t finding what you’re looking for, move on… because it’s definitely out there!

I’m in Manila right now, and I’ve already been very fortunate to come across some very hungry individuals who put my own work ethic to shame.

This only pushes me to get better…

We all deserve more outta life… The best that life has to offer.

Don’t settle for the mediocre, unfulfilling life.

Get out there and make it happen!

And build that network of hungry whales who just like you want to leave their mark on this world.

Fight On!

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FI Fighter by Fi Fighter - 1M ago

Here are my top investing ideas for 2018.

My top picks for 2018:

Nzuri Copper (NZC.AX) – Copper/cobalt developer in the Democratic Republic of the Congo (DRC).

Wanchain (WAN) – “Distributed financial platform that enables private, cross-blockchain smart contract execution.”

Neo (NEO) – Blockchain platform. “Chinese Ethereum”. The ICOs and dapps are coming. Expecting demand for NEO to surge.

I see MASSIVE upside potential for all three speculations this year.

High risk, absolutely…

But I’m in both NZC.AX and NEO currently…

When WAN goes live and launches on exchanges (the whisper on the street is most likely a listing on Binance sometime this month), I will be a buyer.

*Fingers crossed* for an epic 2018!

Fight On!

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