Update - April 27, 2021
Locking In a HUGE Win
Every investor wants to beat the S&P 500.
Few do it.
To beat it with less risk and less volatility… well, that’s the stuff legends are made out of.
Good news.
We’re flat-out crushing the market since we implemented our MAP strategy last fall.
I sure hope you took my advice and made the leap into Monero (XMR) – the privacy fan’s leading cryptocurrency.
As I write this morning, we’re up more than 325% on the position since I first touted the coin in the October issue.
Of course, with great gains comes increased risk. The size of our stake in Monero has quadrupled. Where we got in at just $95 per token, the price has jumped by nearly $300.
It means you now have almost $400 wrapped up in every token you purchased. If you followed the allocation rules outlined in our Modern Asset Portfolio, that means your stake is certainly much larger than 10% of your total portfolio now.
That can be dangerous.
I don’t want you to sell your entire position… or even half. I want you to sell only your initial stake in Monero. At these prices, that means selling just a quarter of your current position.
It makes this a risk-free play and allows you to move that money into another position. In this case, I recommend moving the money into our latest addition to the portfolio, Qiagen (QGEN).
To read more about that recommendation, check out the April issue.
Action to Take: Sell one quarter of your stake in Monero (XMR).
Congratulations on a big win.
Let me know how you did on the play with an email to mailbag@manwardpress.com.
Looking Ahead
Savvy investors got a sneak peek of an off-centered idea that I will introduce you to in the upcoming May issue – which is due out next week.
If you paid attention to the earnings report from Tesla (TSLA) last night, you heard the company solidly beat its earnings estimates.
But here’s what you may have missed…
While the company reported operating income of $594 million, a little-discussed government giveaway known as regulatory credits accounted for $518 million of the profit.
These credits are given to electric carmakers by various forms of government as an incentive to produce “green” vehicles. If a manufacturer doesn’t earn or buy enough credits each year, it could face hefty fines and penalties.
Major manufacturers like Fiat Chrysler (FCAU) don’t make enough electric vehicles to earn the required number of credits. It means it needs to buy them from companies like Tesla.
And since Tesla gets them for free, the $1.2 billion worth that Fiat has pledged to purchase from Musk and his gang is pure profit.
And here’s where things get interesting…
Most investors have no idea that they too can get in on this action.
After you read the May issue, however, you will not be one of them. In it, I detail the key aspects of this unique credit market, why it’s set to boom and how you can get in early to take full advantage of it.
It’s quite exciting.
Oh… and one more thing.
Tesla is making big money on crypto too.
It sold $272 million worth of its Bitcoin stash during the first quarter – raking in a profit of $101 million.
Do the math and you’ll see our stake in Monero has performed much better.
Even so… it shows Tesla’s profits aren’t coming from its carmaking business. They’re coming from an oddball credit market and cryptos.
They’re two subjects we’ve got covered quite well.
Be well,
Andy
P.S. If you want more information on how to play the booming crypto market, including the three coins I think you should own right away… click here.