The Weekly Market Update's goal is to give you some insights on the stock market, some visibility on my portfolio, and my decision-making process.
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The last batch of Hook is over. I can reveal the magnificent entrepreneurs we spent the previous 5 months with:
For them, it's just the start of the journey.
Markets & portfolio update
We are still in the same dynamic: tech companies are struggling, bond yields are rising. The NASDAQ100 is negative year-to-date.
Indicators are still red. Interestingly gold is green. Bitcoin recovers most of its loss from the All-time high.
Some readers asked me: What should I do? Should I add more money to my account to buy the dip? Should I wait? Should I withdraw?
My opinion: Don't withdraw! Just continue what you were doing until today. It is very difficult (impossible) to predict what will happen. The easiest is to continue Dollar Cost Averaging.
The Ownership Economy
Most of the digital economy is centralized (the device you are currently using, the server hosting this content). Platforms such as YouTube, Facebook, and Wikipedia operate around content sourced from individuals. Marketplaces such as Patreon or Substack enable users to directly fund their work. However, they still "own" the content; if they disappear, your content disappears too.
The next step is platforms owned by users.
The first steps happened in finance with DeFi. You can now benefit from a platform without losing control (ownership) of your funds.
It will expand to everything: digital art, music, social media. Tweets are already being tokenized.
You guessed it, I am wiring again about NFTs. I can't get my mind off of it. I think it will offer so many possibilities soon. It's not just the hype of selling a tweet for $2M.
The internet is now ownable.
As investors, it is important to see these trends coming, and developing.
What I am reading
(Yes, it's only about NFTs :) )
One-to-one (Zoom) meeting
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Disclaimer: The goal is not to sell you anything but to get to know my audience.