October was a good month for Alternative Investment .Cryptomarket has been on a crazy rollercoaster ride.Since its listing on Coinbase on January 30, 2021, a crypto memecoin Shiba Inu has soared 7,99,900 per cent in merely nine months. Shiba Inu has turned an investment of Rs 1,000 into Rs 80 lakh during the period under review.
One Mysterious Shiba Inu (SHIB) Coin Investor Wallet Appreciated From $8,000 To $4.8 Billion
On the other hand “Squid token” based on the squid games turned out to be a rug pull scam.A ‘rug pull’ in crypto occurs when the creators of a project take off with investor’ funds
Squid Token is inspired by the famous Netflix Series “Squid Game”.” Sicne its inception, the cryptocurrency jumped in value and on October 29, surged by 2,400 per cent in last 24 hours to reach the value of $4.32 – and for the next few days, it kept surging. Until, 1st November. Early on Monday morning, a Twitter user pointed out that the developers of the Squid Game project had “rug pulled” SQUID holders. The prices for SQUID, went down nearly 99.99% to $0.002541
My Alternative Investment Portfolio Performance
This month all platforms with exposure to crypto viz. Iconomi and Hedonova did well.
Structured Lending Investment
12-13% (post tax)
Wealth Wint next issuance is planned in Novemeber end with INR 10k minimum investment
Grip has been consistently coming up with deals every week without fail.Recently started 5k minimum deals too.
Klubworks had few new deals including Bewakoof etc
Pyse had launched the Tata deal this month.More deals expected this month
All my cashflow in Klubworks, WintWealth,Pyse and GripInvest are as per plan.
In Klub of more than 70 deals they have offered ,one deal has delay in payment till date
Invoice Discounting and Settlement Finance
Lendbox(settlement Finance + gold Loans +)
TradeCred recntly listed many new deals as Diwali season has lot of financing requirements
Lendbox settlement finance returns have been in line with expectations till now. Lendbox has recently launched an interesting product Per Annum which has very cibil score borrowers
Global Alternative Hedge Fund- Hedonova
Hedonova has been doing well since inception (YTD returns 100%+) and has beaten S&P by a considerable margin
Current month major asset shuffle include adding unicorn startup stripe ,exiting Bitcoin and exploring race horse investment
Reinvest24 is doing great. Will be doing a post on the platform performance very soon
Tesla hit a $1 trillion market cap on Monday following news that Hertz is ordering 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022.The company joins trillion-dollar market cap companies like Apple, Amazon and Microsoft.
Volatility in US bonds is surging in stark contrast to the relatively placid run for equities, leading some analysts to warn over the danger that central banks trigger a spasm of volatility in Wall Street’s stock market
Crypto Lending Investing
20%(market dependent 10-60%)
Kucoin is giving 15-20% yield currently due to bull run
Celsius is offering 40$ for depositing USDT (code 133908fe3e)