I Made A Mistake
I made a mistake.
I recently had a few drinks at a bar in Japantown with an old friend who came up from LA over Thanksgiving. He mentioned that all recent news suggest that the SEC will likely approve Bitcoin and Ethereum ETFs by early next year and the anticipation for these approvals will be the catalyst for a major run-up in Coinbase’s stock.
So, we decide to invest on this thesis and I invested $18,000 into COIN calls and stock. Over the next few days, COIN went up by 11% from $119 to over $130 and here’s how the positions fared. Not bad.
You may be wondering, “FinanceTLDR, this looks like a great investment, why would it be a mistake?”
Good question.
If this newsletter is run well, we should share these investment theses as they come along with subscribers as soon as possible. Our major regret here is that we didn’t find time to publish these thoughts on COIN before jumping in.
The FinanceTLDR Portfolio
As such, we figured that there is no better time than now to launch the FinanceTLDR portfolio. We will regularly update subscribers on portfolio changes, our rationale existing portfolio holdings, upcoming investments and divestments, and any new ideas we’re thinking about.
This feature is only for paid subscribers.
The regular newsletter issues will still be completely free, but we will append a new pay-walled Portfolio Update section to the bottom of each newsletter issue moving forward. This should provide the most value for paid subscribers without disrupting free subscribers.
Without further ado, let’s start with first Portfolio Update section.