Three Big Things and How to Lose Money

Personal updates and crypto FOMO.

Greetings from the Atlantic Ocean!

If you're Lithuanian, happy Restoration of the State Day! 🇱🇹

Three big things have happened since the last newsletter.

I moved my blog to Webflow and completely redesigned it. It's faster, slicker, and converts almost 10x more visitors to subscribers. Unsure why as the content is the same.

Together with my wife and brother, moved to Ponta Delgada, a small beach town on the Azores island, about 1,400 km (870 mi) west of Lisbon. The weather is much nicer than Northern Europe winter and there are 99% fewer covid cases. Plenty of stuff to do outdoors as well (BBQ, ATVs, hiking, hot springs, basketball).

I'm sponsoring the Empower Latin Youth Scholarship to support the underserved high school, undergraduate, and graduate students who want to make a positive impact in the world. If you're a Latinx student in the US, I invite you to apply.

Other than that, I'm excited to invest more time into building Content Writing Jobs. We'll start working with a highly skilled and motivated advisor very soon. If you're looking for writing jobs, check it out.

For the last 2 months, I was trying out Letterloop with a small group of my friends. It's beautifully designed and easy to use but the best part is that it lets you create group newsletters with friends and family so you can stay in touch, grow closer together, and discover things you never knew with the most important people in your life.

Finally, the things that are happening in the finance and crypto world (WallStreetBets, Bitcoin anyone?) cause me a serious FOMO.

While I try to focus on things that I can control and influence (building my business, talking to customers, learning new skills), I often get distracted and start reading stock reports and crypto predictions.

I still want to be in the game to minimize future regret, but I don't want to make (more) stupid bets and lose money.

I especially enjoyed this piece on how to lose money by Andrew Tye where he puts trading options as the number one and the fastest way to lose all your money. Writing a book comes second as the most consistent way.

My 80/20 approach to crypto investing is to do it often in small amounts ($100/mo) (dollar-cost averaging) and hold it for the long-term.

Right now, I'm using 3 apps to buy and hold crypto that pay me interest on my assets (4%–6.5%) to make sure I don't waste too much money and take advantage of the growing global interest in alternative assets.

If you want an invite, respond to this email.

While I'm late to the crypto game and probably won't get filthy rich, I still enjoy being a part of the global economical shift and make decent returns on my investment.

Obviously, this is not financial advice.

What's your take on crypto and other alternative assets?

Shoot me an email if you found something interesting.

Stay safe,

Tomas

P.S. Take the whole thing.

Sent on February 16, 2021.
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