The Lesson I Learned to Get Rich Again December 04, 2024 | [Listen Online]( | [Read Online]( [Teeka Tiwari](
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[share on linkedin] The Best Asymmetric Bet of the Year Is Upon Us Bankruptcy was staring me in the face. I lost my career, my family, my self-respect, and for a brief moment, I even lost my will to live. It was a dark time in my life. And it forever changed the way I viewed risk and reward. It all started with the first big payday of my life⦠I began buying beaten-down junk bonds in 1990 when I was 19. Before the year was out, my junk bond trade had netted me over $250,000. Thatâs about a half-million dollars in todayâs money. The year before, I had made just $8,000, or a bit more than $15,000 in todayâs money. During the mid-1990s, I was making money hand-over-fist in technology stocks â including $54,000 in a single day. By then, I was 22 and making a fortune. And I let the money make me an arrogant jackass. A few years later, Iâd lost it all. You see, I made a terrible mistake⦠Instead of taking small bets on high-risk, high-reward ideas, I was taking massive stakes in these types of trades. When the 1997 Asian financial crisis rolled around, Iâd built up a substantial portfolio. But I stuck around too long and got too greedy. And when the market went against me, I made bigger and riskier bets. I lost all perspective and was investing for my ego⦠Not my bank account. Within three weeks, I lost everything Iâd made â and more. I went from wealthy to poor in less than a month. And ultimately, I was compelled to file for personal bankruptcy. It mentally destroyed me⦠My wife and I separated. I ended up renting a room from a friend in Queens⦠And lived on a wafer-thin mattress for nearly a year-and-a-half. One day, I remember sitting in this tiny room on a tiny mattress and saying, âYou know what? My story canât end like this.â And at that moment, I started thinking about where I had gone wrong⦠What I should have done differently⦠And how I could make my life better. The Lesson I Learned to Get Rich Again I learned many financial lessons from my bankruptcy. The most important was that you canât build all your investments solely on high-risk, high-reward plays. I realized I had to create multiple streams of safe income. That way, I could build a pool of self-sustaining assets. This pool of assets would be the key to building generational wealth. So, after my bankruptcy, I started rebuilding my net worth. I took every available penny and invested it into safe, income-generating assets like blue-chip stocks and conservatively financed real estate. I then took the income generated from my safe investments and put it into well-researched high-risk, high-reward plays. This approach magnified my wealth very quickly. The best part was I was getting wealthier without putting my current lifestyle at risk. Itâs a strategy called asymmetric risk investing. The strategy is when you invest tiny grubstakes in ideas with explosive potential. Letâs say you have a traditional portfolio mix of bonds, stocks, real estate, gold, etc. You take a small percentage of your overall portfolio (1â5%) and put it in these explosive upside ideas. Iâm not talking about ideas that double, triple, or even quadruple your money. Iâm talking about ideas with potential returns of 10x, 50x, and even 100x. These are binary bets. In other words, theyâre going to pay off at 10 to 1⦠50 to 1⦠or even 100 to 1⦠or go to zero. As a younger man, Iâd see situations like these, and Iâd use leverage to take massive positions in them. So even if most of my ideas were right â and they were â if one of these ideas went wrong, it blew up my entire portfolio. So instead, I carved off 5% of my portfolio and earmarked that money for asymmetric bets. I then started using uniform position sizes across a portfolio of asymmetric candidates. For instance, instead of putting $10,000 into one asymmetric bet, Iâd put $1,000 into 10 of them. Of course, some will do nothing, and some will go to zero. But what I discovered was a few went up so much in value, they ended up eclipsing the entire value of all my other safe assets. In some instances, I was doubling my net worth while only risking 2â5% of my portfolio. Thatâs the essence of an asymmetric bet. I didnât stop there, either. I took the strategy a step further. I realized I could use my safe assets to generate income, and then take that income and buy more asymmetric-risk assets â without putting my current lifestyle at risk. This concept blew my mind⦠It allowed me to safely take larger positions in asymmetric bets without putting my core wealth at risk. I had, in effect, created a self-funding money-making machine that has exploded my net worth to levels Iâd never seen before. And Iâve done all of this while taking a fraction of the risk I used to routinely take. By creating a safe income stream from your core assets⦠You can divert more passive income into your asymmetric-risk investments without hurting yourself. This has been my wealth-building secret. Even though youâre only risking a small sum, the key lesson to remember is that you canât build your whole portfolio on ideas like this⦠Those types of investments can still go to zero from time to time. Thatâs why I only make asymmetric bets with the income from my safe investments. So, if those risky asymmetric bets fail, 100% of that money gets replenished next year with the dividends and interest from my safe money. This is the key to getting really rich, really quickly, without ever blowing yourself up⦠And it brings me to one of the biggest asymmetric events of 2024. The Best Asymmetric Bet of the Year Is Upon Us Right now, I believe thereâs an incredible asymmetric opportunity on the horizon that the mainstream financial press is completely unaware of. You see, thereâs an unprecedented meeting scheduled to happen on Tuesday, December 10, at 11:30 a.m. ET. During this meeting, three of the most powerful institutions on Wall Street could make a move that will send shockwaves through the crypto market. These institutions control almost 90% of ALL the companies in the S&P 500 index, including Microsoft, Apple, Nvidia, and Google. Combined, they manage nearly $24 trillion worth of wealth. Thatâs 8x the size of the entire crypto market. I believe this meeting will turn this already booming market into a melt-up of epic proportions. Yet, the mainstream media isnât talking about it because theyâre too distracted with their post-election coverage. So you wonât find out much about this event from them. Thatâs why tonight at 8 p.m. ET, Iâm hosting a special broadcast called the âLast Call.â [You can click here to reserve your spot for free.]( During this briefing, Iâll explain how this upcoming event will trigger an explosion in a tiny niche of the crypto market. (Theyâre not meme coins.) Iâll also share details about six altcoins that could see an immediate boost following this event â and give away the name and ticker symbol of one of these niche tokens completely free. [All you have to do is reserve your seat is go here.]( Friends, Iâm closely monitoring this December 10 meeting because it could be the biggest asymmetric event of the next 12 months. Maybe in the entire history of crypto. And itâs NOT priced in yet. That means if this unprecedented move doesnât happen, nothing will change. Bitcoin wonât crash. And it will have little to no impact on the overall crypto market. Bitcoin is already making new all-time highs because everyone understands that for the first time ever, we have a pro-crypto President headed to the White House. He will appoint a pro-crypto head of the Securities and Exchange Commission (SEC). And have the backing of a pro-crypto Congress. The bottom line is this: The move Iâm expecting is an asymmetric event. If Iâm wrong, nothing changes. But if Iâm right and it shocks the market on December 10? The upside could be ridiculous. Thatâs what I call a true low-risk, high-reward opportunity. [And you can learn all about it]([tonight at 8 p.m.]([ET by reserving your spot right here.]( Let the Game Come to You! Big T Share The Digital Asset Daily You currently have 0 referrals. [Click to Share]( Or copy and paste this link to others: [ [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Tiwari Research Group 1607 Ponce De Leon Ave
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