Rio de Janeiro: 30 degrees, hot, Sunny and slightly overcast.
It is the second bank holiday of three, and I have exactly a week until I travel; there are seven days to go and counting.
I am not sleeping very well; I don’t usually suffer from insomnia, but since I have been having problems with Yasmin, the quality of my sleep hasn’t been good, and it has worsened over the past couple of days. Perhaps it is the build-up to travelling.
I have been thinking a lot about my mother, what England will be like, the cold, my brother and his family, my uncle and his will, and his strange, indirect family. Additionally, I want to buy some things there, principally a camera and perhaps a few clothes.
What exactly is waiting for me in England is a question mark. Will it be better than my last trip there over twenty years ago? The last two weeks were hell because my mother was in meltdown mode, fuelled by her jealousy with my brother. The other side of my doubts concerns Brazil more than England. What will happen to Brazil next year and at least in the first six months of 2024?
Brazil is currently on its knees economically, morally, and politically. Unfortunately, it is repeating past mistakes—both from its history and those of neighbouring countries in South America—that are leading it down a rabbit hole of deception, disappointment, corruption, and, regrettably, persistent poverty.
I am also not willing to live another twenty years or so as I have for the past thirty. I want to enjoy more life with comfort, stability, and happiness, which has been difficult in Brazil.
I wish to be free to pursue the things I want to do, and not for anyone else. Additionally, I would like to build some wealth that I have not been able to accumulate before, not necessarily for myself, but for my daughters when I am gone.
I have been buying cryptocurrency in small amounts—tiny amounts—on a daily basis. In less than three months of investing, I have saved and accumulated quite a sum considering the time and amount I have been investing. I’m achieving more than 30% on my investment, which is significantly more than any savings plan or fund; it truly is excellent and a pleasant surprise.
If I had had the opportunity to do this in the past, I would be in a much better financial situation today. Now that I’ve started, I do not intend to stop any time soon. This habit of daily investing small amounts of money has become my own sort of bad habit, akin to drinking or smoking, though more positive than negative.
What I’m trying to say is that we all have bad habits, such as smoking, drinking, compulsive spending, and overworking, etc. I buy cryptocurrency every day, and it has become a positive habit; however, in some respects, it resembles compulsive behaviour rather than a genuinely positive one. I miss it when a day goes by without purchasing crypto and feel quite disappointed.
All I know is that I am impressed with what I have achieved this year, and it hasn’t finished yet. Whether the market suddenly changes and crashes, and I lose everything, I will deal with that when it happens. I do not believe that regularly buying crypto in small amounts is so bad or negative; I also don’t believe that the market will drop so much that I will lose all my money.
For me, buying crypto is a way to index my money with the possibility that its value may significantly increase in the future. But if it doesn’t, at least it is indexed, so my money isn’t devaluing. In this day and age, that’s probably a good strategy.
To justify buying crypto, we must quickly consider other options, such as savings accounts or funds. I have reservations about both for various reasons. Purchasing shares, particularly in Brazil, where the market is plummeting, is even more complicated. With my limited understanding of investments, crypto seems to be my only viable option at present.
I’m not saying you should follow the same path. My only suggestion is to consider investing only what you can afford to lose—money that won’t impact your finances if it disappears. If, over time, that capital accumulates, there’s a possibility that if the crypto market rises significantly in the future, those small investments you’re setting aside could grow into something substantial over five, ten, or even fifteen years.
That is my five pence worth; I hope it has been helpful and valid. If not, I apologise for wasting your time.
In bed by 9.15 p.m.
Thank you.
Thanks for reading this blog post. Please explore my other posts and share your thoughts in the comments section.
Richard
