A Little More About Myself
My name is Ilo and I’m a financial advisor. I studied finance in Canada, worked in a bank and have been following the markets for 12 years now. I created my first portfolio when I was 19. It’s been 8 years and I’ve invested more than $15,000 into stocks and crypto!
Today I have clients, friends and family that follow my lead. I’m glad that I can give them advice that mitigates their risks. My clients’ incomes range from $750 to $8,000 per month! It’s easy for me to navigate how much they should set aside and invest. Some of them have seen their investments increase by 5, 30 and even 100 percent!
If you need a personalised financial advice, regardless of your income, please let me know! I can help adjust the amount of bonds and stocks, set goals and eliminate debts.
Join my Binance QR code and we’ll both get some free BTC! I will gladly help you grow your crypto or stocks accounts!
As always, stay tuned for more tips and updates! Thank you guys for your support!
My name is Ilo and I’m a financial advisor. I studied finance in Canada, worked in a bank and have been following the markets for 12 years now. I created my first portfolio when I was 19. It’s been 8 years and I’ve invested more than $15,000 into stocks and crypto!
Today I have clients, friends and family that follow my lead. I’m glad that I can give them advice that mitigates their risks. My clients’ incomes range from $750 to $8,000 per month! It’s easy for me to navigate how much they should set aside and invest. Some of them have seen their investments increase by 5, 30 and even 100 percent!
If you need a personalised financial advice, regardless of your income, please let me know! I can help adjust the amount of bonds and stocks, set goals and eliminate debts.
Join my Binance QR code and we’ll both get some free BTC! I will gladly help you grow your crypto or stocks accounts!
As always, stay tuned for more tips and updates! Thank you guys for your support!
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📚 How to Buy and Store Bitcoin 📚
Buy
1. Exchanges = Online Wallets: Centralised and Decentralised. Easiest way to buy Bitcoin is using Exchanges. They can be Centralised and Decentralised. Centralised Exchanges are Binance, Bitget, Bybit and so on. They operate as companies and offer vast variety of crypto, including Bitcoin, Etherium, Solana etc. Decentralised exchanges are the ones, that operate using an online code and usually offer main cryptos and have an ability to add your own crypto in the system by adding liquidity as a collateral. Both Centralised and Decentralised Exchanges are usually the easiest way to buy crypto by using credit or debit cards or by sending stable coins (like USDT, BUSD, etc.) and exchanging them. Additionally Centralised Exchanges offer person-to-person (P2P) way of swapping coins with real people. Once you buy crypto there, you should store them away, as it’s not recommended to keep your crypto online on some website. More on storing in the next chapter.
2. ETFs. Recently many funds have released ETFs and people can now buy these assets officially through real markets. They are listed on stock exchanges. They offer same percentage gains as the crypto they represent, but can never be swapped for the real BTC, for example. Another popular ETFs is for Gold. You can never exchange it for real Gold but it follows it’s price and can be sold later. ETFs offer safety, as they can be in your personal investment account. There are drawbacks as well, higher fees and no way of swapping for real crypto.
3. P2P in real life. You can buy crypto from actual people, but you have to know the details of sending and receiving crypto. You have to make sure you are receiving what you are paying for.
Store
1. Bitcoin Network. Maybe the best way of storing crypto. By downloading an original program and creating the wallet. BTC wallet will give you 12 words that you have to write down and store it safely. There are no “restore password” buttons, so if you loose the 12 word password - your crypto will be locked forever.
2. Offline wallets. also called Cold Storages. Basically it’s a hard drive that is not connected to the internet. They are quite safe, if you loose it, you will still need a recovery phrase, almost like the Bitcoin Network 12 word password. You still have to make sure both the phrase and the physical wallet are safely stored away.
3. Software wallets. Same as online wallets on exchanges. You can technically store crypto there but they can still be vulnerable to online attacks.
4. Non-custodial wallets. The name comes from the fact that the wallet provider itself doesn’t have custody of your crypto but rather serves as an interface that enables you to easily and conveniently access it while also allowing third-party integrations. Popular wallets: MetaMask, Trust Wallet, Exodus - they offer many blockchains like Etherium, Binance Smart Chain, Solana etc. These wallets also provide 12-14 word password that you have to take care of. Loosing it is also the equivalent of loosing your crypto. These wallets are quite safe as well.
Buy
1. Exchanges = Online Wallets: Centralised and Decentralised. Easiest way to buy Bitcoin is using Exchanges. They can be Centralised and Decentralised. Centralised Exchanges are Binance, Bitget, Bybit and so on. They operate as companies and offer vast variety of crypto, including Bitcoin, Etherium, Solana etc. Decentralised exchanges are the ones, that operate using an online code and usually offer main cryptos and have an ability to add your own crypto in the system by adding liquidity as a collateral. Both Centralised and Decentralised Exchanges are usually the easiest way to buy crypto by using credit or debit cards or by sending stable coins (like USDT, BUSD, etc.) and exchanging them. Additionally Centralised Exchanges offer person-to-person (P2P) way of swapping coins with real people. Once you buy crypto there, you should store them away, as it’s not recommended to keep your crypto online on some website. More on storing in the next chapter.
2. ETFs. Recently many funds have released ETFs and people can now buy these assets officially through real markets. They are listed on stock exchanges. They offer same percentage gains as the crypto they represent, but can never be swapped for the real BTC, for example. Another popular ETFs is for Gold. You can never exchange it for real Gold but it follows it’s price and can be sold later. ETFs offer safety, as they can be in your personal investment account. There are drawbacks as well, higher fees and no way of swapping for real crypto.
3. P2P in real life. You can buy crypto from actual people, but you have to know the details of sending and receiving crypto. You have to make sure you are receiving what you are paying for.
Store
1. Bitcoin Network. Maybe the best way of storing crypto. By downloading an original program and creating the wallet. BTC wallet will give you 12 words that you have to write down and store it safely. There are no “restore password” buttons, so if you loose the 12 word password - your crypto will be locked forever.
2. Offline wallets. also called Cold Storages. Basically it’s a hard drive that is not connected to the internet. They are quite safe, if you loose it, you will still need a recovery phrase, almost like the Bitcoin Network 12 word password. You still have to make sure both the phrase and the physical wallet are safely stored away.
3. Software wallets. Same as online wallets on exchanges. You can technically store crypto there but they can still be vulnerable to online attacks.
4. Non-custodial wallets. The name comes from the fact that the wallet provider itself doesn’t have custody of your crypto but rather serves as an interface that enables you to easily and conveniently access it while also allowing third-party integrations. Popular wallets: MetaMask, Trust Wallet, Exodus - they offer many blockchains like Etherium, Binance Smart Chain, Solana etc. These wallets also provide 12-14 word password that you have to take care of. Loosing it is also the equivalent of loosing your crypto. These wallets are quite safe as well.
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🧐 Why Do Top Soccer And Football Players Loose Their Wealth After They Retire? 🧐
Same can be said about people who win lotteries. The main reason, of course, is the lack of financial literacy. It’s great to receive a lot of money in a short period of time, and then to go and buy a beautiful car or a house. However, people don’t consider taxes and the amount of money it takes to sustain all of those liabilities. Especially if they don’t receive money after the retirement from a career.
It’s important to have a great financial advisor that will calculate your expenses and analyse what you can and cannot afford. Many people end up selling their properties to cover debts and downgrade their lifestyle. Instead of buying businesses or shares of a stock that can put money in their pocket, they buy liabilities that cost money and take money out of their pockets. It’s very important to know how much you spend and how much you need, to sustain the lifestyle you want.
It’s important to note that banks, very often, offer mortgages and credits that the client is not able to afford. Just because a bank gives you a lot of money for mortgage or a car, it doesn’t mean that you can afford it in the long run. Make sure that monthly payments are realistic for your family, that you can afford to pay the payment and have enough money left for food, gas, utilities, etc. The key to success is knowing how much you spend each month, including the expenses for going out or the money you need for a future vacation. Track your expenses guys!
As always, stay tuned for more updates and tips! If you have any questions please let me know! Thanks a lot for your support!
Same can be said about people who win lotteries. The main reason, of course, is the lack of financial literacy. It’s great to receive a lot of money in a short period of time, and then to go and buy a beautiful car or a house. However, people don’t consider taxes and the amount of money it takes to sustain all of those liabilities. Especially if they don’t receive money after the retirement from a career.
It’s important to have a great financial advisor that will calculate your expenses and analyse what you can and cannot afford. Many people end up selling their properties to cover debts and downgrade their lifestyle. Instead of buying businesses or shares of a stock that can put money in their pocket, they buy liabilities that cost money and take money out of their pockets. It’s very important to know how much you spend and how much you need, to sustain the lifestyle you want.
It’s important to note that banks, very often, offer mortgages and credits that the client is not able to afford. Just because a bank gives you a lot of money for mortgage or a car, it doesn’t mean that you can afford it in the long run. Make sure that monthly payments are realistic for your family, that you can afford to pay the payment and have enough money left for food, gas, utilities, etc. The key to success is knowing how much you spend each month, including the expenses for going out or the money you need for a future vacation. Track your expenses guys!
As always, stay tuned for more updates and tips! If you have any questions please let me know! Thanks a lot for your support!
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📊The Biggest Mistake When Investing 📊
One of the most common mistakes I see people do, is investing money once and hoping it’ll give you a good return. This only works if you are buying an index fund or a reliable stock for 3-10+ years.
Much better way:
Instead of buying $10,000 worth of a stock in one day, spread it for 10 months and buy once a month $1000 worth of the same stock. As a result you will average the entry price of your position. Prices inevitably go both up and down. You will get a better average price and still have $10,000 invested.
An exception to this rule is - if you want to invest $20,000+, then buy $10,000 today and also keep on adding to your position every month for months. The reason is, if you are certain that the price of a fund will go higher. It could be just because of the inflation, but you have to be willing to wait for several years for this to have an effect. Another reason could be that a company is performing well and is in profit for the last couple of years. When I was buying a Coca-Cola stock I was analysing, that the company is 100+ years old, and my assessment was that they will stay in business and be profitable for at least 10 years.
You are still gonna get the average entry price, which will guarantee you to get good deals when the prices inevitably fall, and if the prices are high, then you just gonna add to your investment as planned and your assets just grow in value.
One of the most common mistakes I see people do, is investing money once and hoping it’ll give you a good return. This only works if you are buying an index fund or a reliable stock for 3-10+ years.
Much better way:
Instead of buying $10,000 worth of a stock in one day, spread it for 10 months and buy once a month $1000 worth of the same stock. As a result you will average the entry price of your position. Prices inevitably go both up and down. You will get a better average price and still have $10,000 invested.
An exception to this rule is - if you want to invest $20,000+, then buy $10,000 today and also keep on adding to your position every month for months. The reason is, if you are certain that the price of a fund will go higher. It could be just because of the inflation, but you have to be willing to wait for several years for this to have an effect. Another reason could be that a company is performing well and is in profit for the last couple of years. When I was buying a Coca-Cola stock I was analysing, that the company is 100+ years old, and my assessment was that they will stay in business and be profitable for at least 10 years.
You are still gonna get the average entry price, which will guarantee you to get good deals when the prices inevitably fall, and if the prices are high, then you just gonna add to your investment as planned and your assets just grow in value.
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✅ Importance of Taking Action ✅
I’m gonna share how one simple action helped me grow my business.
Planning is great, but sometimes we just have to take action. Very often we know what we have to do, but still don’t do it. We rationalise this with various explanations. Sometimes it could be procrastination but it can be easily dealt with by making small steps (that’s still doing something, instead of doing nothing.) Or another popular problem - fear of success. That one is harder to deal with, and you have to do so internally, however once you transform and allow yourself to become successful (you already know what you have to do) - you will get to where you’ve always wanted to be.
When I was operating my business, I knew exactly what I had to do. I had to start my marketing campaign and I was delaying it for a while. At some point, I got tired of waiting and just told myself: “It’s enough” and just did it.
I used to receive one call once a month before my ads. After that I did what I knew I had to do, I started getting two to four calls from different clients each week. Obviously my sales and turnover grew, and the rest was just providing quality service, that me and my team had already provided. We were professionals with years of experience, but clients were hard to get, before my ads.
Next time I will share some secrets of getting more clients through word of mouth, and why I believe this is the best advertisement!
I’m gonna share how one simple action helped me grow my business.
Planning is great, but sometimes we just have to take action. Very often we know what we have to do, but still don’t do it. We rationalise this with various explanations. Sometimes it could be procrastination but it can be easily dealt with by making small steps (that’s still doing something, instead of doing nothing.) Or another popular problem - fear of success. That one is harder to deal with, and you have to do so internally, however once you transform and allow yourself to become successful (you already know what you have to do) - you will get to where you’ve always wanted to be.
When I was operating my business, I knew exactly what I had to do. I had to start my marketing campaign and I was delaying it for a while. At some point, I got tired of waiting and just told myself: “It’s enough” and just did it.
I used to receive one call once a month before my ads. After that I did what I knew I had to do, I started getting two to four calls from different clients each week. Obviously my sales and turnover grew, and the rest was just providing quality service, that me and my team had already provided. We were professionals with years of experience, but clients were hard to get, before my ads.
Next time I will share some secrets of getting more clients through word of mouth, and why I believe this is the best advertisement!
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🤔 Is it a good idea to cover a loan with another loan? 🤔
Some people would straight up say no, without looking into details. However, it’s not a bad idea under certain circumstances.
Let’s say we have a loan of $50,000 with 10% yearly interest. And another loan of $25,000 with 15% interest rate.
Would you take a loan of $25,000 with 13% interest rate? What about $75,000 with 8% interest? If banks are offering you a better rate you should definitely take it. In finance this is called debt consolidation. It’s when you take a loan that could be the sum of your debts, but with a better rate and a chance to cover one loan instead of having several of them. As a result, not only this provides convenience, but also you can save some money in a long run. The less you pay in interest, the better. And this is a very common thing. You won’t be paying extra for the interest rate and will be able to cover your debts faster. This also works for mortgages and other debts including credit cards. Credit cards usually have the highest interest rate exceeding 20% annually, compared to other debts. If you have $5000 debt on your credit card with 20% interest rate and a mortgage of $1 million with 2% rate, and some bank offers your $1,005,000 with 1,5% you should definitely take it! This will save you a lot of money!
Don’t be afraid of debts and use them smartly!
Some people would straight up say no, without looking into details. However, it’s not a bad idea under certain circumstances.
Let’s say we have a loan of $50,000 with 10% yearly interest. And another loan of $25,000 with 15% interest rate.
Would you take a loan of $25,000 with 13% interest rate? What about $75,000 with 8% interest? If banks are offering you a better rate you should definitely take it. In finance this is called debt consolidation. It’s when you take a loan that could be the sum of your debts, but with a better rate and a chance to cover one loan instead of having several of them. As a result, not only this provides convenience, but also you can save some money in a long run. The less you pay in interest, the better. And this is a very common thing. You won’t be paying extra for the interest rate and will be able to cover your debts faster. This also works for mortgages and other debts including credit cards. Credit cards usually have the highest interest rate exceeding 20% annually, compared to other debts. If you have $5000 debt on your credit card with 20% interest rate and a mortgage of $1 million with 2% rate, and some bank offers your $1,005,000 with 1,5% you should definitely take it! This will save you a lot of money!
Don’t be afraid of debts and use them smartly!
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‼️Bitcoin proxy MicroStrategy debuts on Nasdaq-100 (QQQ ETF)
Everyone that buys the index will now be exposed to Bitcoin and will buy it indirectly. Huge.
The Nasdaq-100 (^NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
The Invesco QQQ, an exchange-traded fund sponsored and overseen by Invesco
Everyone that buys the index will now be exposed to Bitcoin and will buy it indirectly. Huge.
The Nasdaq-100 (^NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
The Invesco QQQ, an exchange-traded fund sponsored and overseen by Invesco
Wikipedia
Nasdaq
The Nasdaq Stock Market[a] (formerly National Association of Securities Dealers Automated Quotations) is an American stock exchange. It is the second-largest stock exchange by market capitalization and the first fully electronic stock market. Based in Manhattan…
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