Background
This is the third quarter update of year three of this experiment the 11th overall update since this experiment started. To review pervious updates please click here.
Performance to Date:
Bitcoin: $3,782.12 ( 108.44% Return)
🤴👑Bitcoin is king!👑🤴
The return on just buying bitcoin once a month for the last three years doubled your money and at the same time captured sats to be locked and ready for the bitcoin economy!
The overall return dipped about 12 % from the last update but overall I am maintaining my purchasing power.
Over the last quarter the bitcoin halving came and went. Miners are now earning less revenue to secure the network. After this event the price peaked at about $73k the until it retraced to about the $65 to $66k range today. The ETF flows are as strong as ever and more companies are getting into the accumulation game. Newcomers and fiat pumpers are wondering why the price hasn’t skyrocketed up to $100k yet. As with anything these things take time. The economic climate of today still has a lot of uncertainty. It is amazing to see the price of bitcoin this high amid many of the marco economic metrics being negative.
Stock Advisor : $2,112.38. ( 20.33% Return)
Twenty percent return not too shabby!
The stock advisor companies are doing well. We have a few laggers with Fiverr refusing to stop dragging the portfolio down but in general Motely Fool’s stock picks are holding up.
In the broader stock market the Nasdaq and the S&P are setting all time highs. The appetite for stocks continue as Nvida just keeps going up. With the AI starting to roll out to consumer produces (Apple Intelligence) and become more a part of our daily lives investors are betting Nvida will be the company that will provide “shovels” for tomorrows future and thus return shareholder value by selling AI chips that are in high demand. The rest of the market is in the category of “the tide rises all boats” as the board index gets elevated due to tech being an anchor in the indexes like Nasdaq and S&P. 20% gain would be fantastic in the 1980s or even the early 2000s but now one must ask are you even maintaining your purchasing power?
Conclusion
Staying humble and buying bitcoin and waiting is proving to be the winning strategy here no matter if you are trying to pump your dollar bags or here to end central banking to free humanity. With putting bitcoin into your financial life you are minimizing the stress of trying to find the right stock, reading 10Ks, listening to conference calls and trying to become a financial analyst while trying to do your day job.
But one must ask are we in the “Everything bubble”??
When we look at the macro landscape it is looking quite dire. Retail stores are slashing prices. Debt is at all time highs from personal debt all the way up to sovereign government debt. The fiscal spending is keeping the american economy afloat but how long can that last? Businesses are closing, the consumer is starting to become tapped out and the icing on the cake is The Fed still hasn’t cut rates thus making access to new capital expensive. Once the investment community sees the impending recession coming will stocks correct by 50%? Will bitcoin have an 80% or 100% drawdown? All of these are legitimate questions that we will have to wait and see on how it all plays out.
Until then, the facts still remain the same. Buy bitcoin and relax and you will do better than paying Motely Fool and investing in the stocks they suggest to maintain your purchasing power.
Now lets check in on the passive investor using broad indexes:
S&P 500
9/13/2021 — — -> 4,468.72
6/16/2024 — — -> 5,431.60
Return of: 21.5 %
Dow Jones
9/13/2021 — — -> 34,869.63
6/16/2024 — — > 38,589.16
Return of: 10.6%
NASDAQ
9/13/2021 — — > 13,105.58
6/16/2024 — — -> 17,688.88
Return of : 34.9%
The passive investors in tech stocks are doing very well. Nasdaq up over 30% in the last three years is spectacular. But still lags behind bitcoin and it isn’t even close. But as I mentioned before a lot of this growth is due to investors being excited about AI and the economic potential it can bring to humanity. But being a passive investor and having a minimum of a 10% return is not bad. But is this person maintaining purchasing power? My answer is no!
Thanks for reading!
Normally I give a little bitcoin tip after posting this. Last update I used NOSTR which was a success so I will be using NOSTR going forward to hand out the tip in Sats for reading this. To prove you read the article message me the emoji I used and what total number of Sats I have purchased.
To find me on NOSTR. Enter the following public key into any NOSTR client:
npub18zc85v0nkg7maw04nh4hhmzmnych876qygsxnq8nszwsk69tl9vscy44j4
or find me by searching by NIP-05 at BlokchainB@stacker.news
