If you're reading this, appreciate your thought process for the fact that
you're making a sincere effort to understand the "Why" of Investing.
Most people blindly follow. Question all solutions, verify all data.
The following YouTube videos will help you quickly catch up.
1. How the Economic Machine Works by Ray Dalio.
https://youtu.be/PHe0bXAIuk0
2. Milton Friedman - Understanding Inflation
https://youtu.be/GJ4TTNeSUdQ
3. Who Benefits from Inflation? | Thomas J. DiLorenzo
https://youtu.be/0M58kxzqx-k
4. Broken Money: Book by Lyn Alden
https://youtu.be/jk_HWmmwiAs
5. Why the Federal Reserve Controls So Much of the Economy | WSJ
https://youtu.be/JV5VtyBDLDg
6. Playing with Fire: Money, Banking, and the Federal Reserve
https://youtu.be/qeXxU8SDyAo
7. Principles for Dealing with the Changing World Order by Ray Dalio
https://youtu.be/xguam0TKMw8
8. Austrian Economics vs. Keynesian and Monetarist Macroeconomics | Jonathan Newman
https://youtu.be/mYpjqOnsT-I
If you find this article useful, please support my work by using the referral links on this blog.
Open An IBKR Brokerage Account with my referral link
Open an OKX Account to Buy Bitcoin with my referral link
Sign up to SMARTDNSPROXY VPN with my referral link
Monday, February 10, 2025
Why Do We Need to Invest to Grow our Earned Income?
Wednesday, January 22, 2025
Bitcoin Hardware Wallet Recommedations
Hardware Wallet Quick Selection Criteria
1. Product duration in the market.
2. Firmware tested by code auditors.
3. Secure element tested by hardware crackers.
4. Size of user base.
5. Reputation of manufacturer.
6. Transparency of manufacturer.
To make a long story short, I can recommend the following reputable Bitcoin Hardware Wallets based on long term security and product quality. For the UAE audience if a brand in not listed in this post, its not recommended, unless you order directly the ColdCard or Foundation Passport online stores.
Ledger Nano X Crypto Hardware Wallet (Onyx Black) - Bluetooth
If you want a budget friendly and basic Bitcoin hardware choose the Ledger Nano X, the Bluetooth and wired feature offers flexible connectivity options.
Ledger Flex - Experience a secure E Ink touchscreen crypto wallet (Graphite)
If you're based in UAE there is limited availability for the entire spectrum of quality Bitcoin hardware wallets.
To make a long story short, I can recommend the following reputable Bitcoin Hardware Wallets based on long term security and product quality. For the UAE audience if a brand in not listed in this post, its not recommended, unless you order directly the ColdCard or Foundation Passport online stores.
Ledger Nano X Crypto Hardware Wallet (Onyx Black) - Bluetooth
If you want a budget friendly and basic Bitcoin hardware choose the Ledger Nano X, the Bluetooth and wired feature offers flexible connectivity options.
Ledger Flex - Experience a secure E Ink touchscreen crypto wallet (Graphite)
If you prefer to have a screen so you may "see what you sign" on your hardware wallet.
If you found this information useful please use my Amazon Affiliate Links
Ledger Nano X Crypto Hardware Wallet (Onyx Black) - Bluetooth
https://amzn.to/4h7reQO
Ledger Nano X Case - Elevate Your Nano X Protection with Style
https://amzn.to/4gaL6Rs
Ledger Flex - Experience a secure E Ink touchscreen crypto wallet (Graphite)
https://amzn.to/3WuJ4oi
https://amzn.to/4h7reQO
Ledger Nano X Case - Elevate Your Nano X Protection with Style
https://amzn.to/4gaL6Rs
Ledger Flex - Experience a secure E Ink touchscreen crypto wallet (Graphite)
https://amzn.to/3WuJ4oi
Thursday, September 12, 2024
Guidelines to Safely Conduct P2P Transactions via Binance or OKX.
1. Never conduct any financial transaction in a rush or stressed.
2. Have personal emergency funds in at least 2-3 different bank accounts.
3. Never use bank accounts with largest funds for p2p transactions.
4. Open a few bank accounts in Different bank - 4 - 7.
5. Rotate your p2p activity between other banks (with low/no savings).
6. Use p2p seller/buyers with best ratings.
7. Always mention the Binance or OKX provided transaction reference number in wire. Nothing Else.
8. Always give detailed reviews to good and bad p2p sellers or buyers.
9. Never leave more than 0.1 or 0.2 Bitcoin on exchanges, move it to self custody.
Please support this blog by signing up to OKX or Binance via links below:
Click Here to Sign up to OKX - World's Third Largest Spot Bitcoin Exchange
Click Here to Sign up to Binance - World's Largest Spot Bitcoin Exchange
Click Here to Sign up to Mt. Pelerin - Swiss based Self Custodial OTC Exchange
Friday, September 6, 2024
Baseline Steps To Better Health
Easiest base line steps that can be taken are below, this applies to most people. Go to a Doctor after trying below for 10 days will give you a clear idea. We need to take care of our bodies first, only then medication does a better job.
1. Quit refined sugars.
2. Reduce fast carbs (bread, pasta etc) by 90%.
3. Increase protein to 90%.
4. Ratio should be 90% proteins, 10% slow carbs (colorful vegetables)
5. Sleep during peak darkness, 9pm until Sunrise 🌅 . Reset daily body clock by getting natural Sunlight when you wake up.
6. Make sure you don't sleep with your mouth open, have Upper airway restrictions or worse sleep apnea.
7. Do 90% resistance (pushups, squats, weights) training and 10% cardio (rowing) 4 times per week.
8. Check your Vitamin D levels. Affects hundreds of functions. Default: Take 10k to 20k UI daily. Can't overdose, it gets flushed out.
10. Check your Zinc levels. Affects forty different functions.
11. Walk daily in Sunlight, minimum of 5-10 minutes. Anytime of the day.
12. Get your Gut Bacteria checked -- Critical -- Eat Fermented foods daily (Kim chi, Sauerkraut) to feed gut bacteria.
Resources to follow on Socials:
1. Dr. Mark Hyman on All Socials.
2. Dr. James DiNocolantonio on InstaGram.
3. Dr Steven Park for Sleep on YouTube.
4. Dr. Berg on YouTube
5. Mind pump show on YouTube
6. Wondwelness on InstaGram.
7. mauimeatandfitness1961 on InstaGram.
If you're male and have belly fat, all risk factors go up exponentially, worse for skinny fat males. For females if you have fat around thighs, all risk factors rise steeply.
To buy Quality Vitamins at affordable prices, please open an account at iHerb using my referral link to support my work.
1. Quit refined sugars.
2. Reduce fast carbs (bread, pasta etc) by 90%.
3. Increase protein to 90%.
4. Ratio should be 90% proteins, 10% slow carbs (colorful vegetables)
5. Sleep during peak darkness, 9pm until Sunrise 🌅 . Reset daily body clock by getting natural Sunlight when you wake up.
6. Make sure you don't sleep with your mouth open, have Upper airway restrictions or worse sleep apnea.
7. Do 90% resistance (pushups, squats, weights) training and 10% cardio (rowing) 4 times per week.
8. Check your Vitamin D levels. Affects hundreds of functions. Default: Take 10k to 20k UI daily. Can't overdose, it gets flushed out.
10. Check your Zinc levels. Affects forty different functions.
11. Walk daily in Sunlight, minimum of 5-10 minutes. Anytime of the day.
12. Get your Gut Bacteria checked -- Critical -- Eat Fermented foods daily (Kim chi, Sauerkraut) to feed gut bacteria.
Resources to follow on Socials:
1. Dr. Mark Hyman on All Socials.
2. Dr. James DiNocolantonio on InstaGram.
3. Dr Steven Park for Sleep on YouTube.
4. Dr. Berg on YouTube
5. Mind pump show on YouTube
6. Wondwelness on InstaGram.
7. mauimeatandfitness1961 on InstaGram.
If you're male and have belly fat, all risk factors go up exponentially, worse for skinny fat males. For females if you have fat around thighs, all risk factors rise steeply.
To buy Quality Vitamins at affordable prices, please open an account at iHerb using my referral link to support my work.
Saturday, August 3, 2024
Low Cost Investing Globally from Pakistan or Anywhere
Scope of this post is about retirement
horizon investing, not short term trading.
This post might be edited further as
required.
Why To invest Globally?
We invest globally because we don’t
trust one currency, country or any single economy, therefore we buy a single
globally diversified ETF (fund) or sector based ETFs, if you have Shariah or
ethical concerns. More on this later.
Minimizing costs - Fees matter!
We can’t grow wealth which we never
get, hence lowering costs is critical, we try to minimize fees end-to-end:
1.
FX Spread cost
2.
SWIFT Wire
3.
Brokerage Fees
4.
ETF Fees
When to Invest? - Time "IN"
the market Vs "Timing" the market!
When our exit horizon is retirement
(20, 30+ years) we don’t try to time the market, we invest monthly, quarterly
or yearly to stay the course and not try to trade or time the time by buying
and selling.
Exit at retirement?
Since the average retirement can last 10-20
years without income, when we are 5 years away from retirement, we will start
protecting our portfolio gains by allocating more towards a Gold or Bond ETF.
This is a personal decision and based on your portfolio size and risk appetite.
At the time of retirement, we can
start selling our portfolio at the rate of 2-3% per year to cover our cost of
living.
What about Tax?
All non-US Tax residents will pay 30%
tax on US derived income via dividends, if they hold US domiciled
securities/ETFs. The solution to this is holding Irish domiciled ETF. Since US
and Ireland have a double taxation treaty, hence taxes on dividends is reduced
to 15%. There is no capital gains tax on non-US investors.
I'm not a tax advisor, please check
with your personal tax accountant. With regards to Pakistan, I do know the USA and Pakistan have a tax treaty
between them.
How to Start?
I'm suggesting the same brokerage my
friends and I use, Toledo Trade. They don’t enforce any minimum amounts to
start, my friends even started with 500 USD, however 5k USD is suggested for
efficiency.
Make sure to open a joint account from
the start, if you're married. Or even if you're single with your brother,
father or mother for survivorship purposes. Account ownership reverts to either
owner, in case of death. The U.S. Government follows your will or account
ownership status, not Islamic Shariah law.
How to Legally Wire EUR or USD Outside
Pakistan?
To fund your US brokerage account, you
can’t use a credit card for now. Traditionally a money exchange gives the best
FX rates compared to any bank. Unless you have a premium banking relationship.
If there are KYC issues with money
exchanges in Pakistan. A workaround is to open a USD or EUR account and have
PKR converted and sent to your own EUR or USD account, then directly wire the
US broker's custodial account.
Shariah, Ethical concerns?
Since most people have Shariah or
ethical concerns, they have some options to avoid companies that cause harm.
Solutions here include:
1.
Investing in
officially certified World and Emerging Markets Shariah designated ETFs
or
2.
Going with
Technology and Healthcare ETFs.
3.
Going with ESG
(Environmental Social Governance) ETFs
Nothing is perfect, some compromises
are required. Details below.
These are the options I found with different levels of Shariah Investing.
Percentage fee is listed per year on Net Assets. Can be bought in EUR or USD.
Choose Either World Islamic or EM or Both. Can be bought in EUR or USD.
Percentage fee is listed per year on Net Assets. Can be bought in EUR or USD.
Choose Either World Islamic or EM or Both. Can be bought in EUR or USD.
iShares MSCI World Islamic UCITS ETF -
0.60%
The Fund seeks to track the
performance of an index composed of companies from developed countries and
iShares MSCI Emerging Markets Islamic
UCITS ETF - 0.85%
The Fund seeks to track the
performance of an index composed of companies from emerging markets countries
and which comply with Shariah investment principles.
https://www.ishares.com/uk/individual/en/products/251392/
OR Choose either World Health Care or
Technology or both below
WHEA - SPDR MSCI World Health Care
UCITS ETF | 0.30%
The investment objective of the Fund
is to track the performance of companies in the Health Care sector, across
developed markets globally.
WTEC - SPDR MSCI World Technology
UCITS ETF USD Acc | 0.30%
The investment objective of the Fund
is to track the performance of companies in the Technology sector, across
developed markets globally.
Or
iShares MSCI World ESG Screened UCITS
ETF
The fund seeks to track the
performance of an index composed of developed market companies screened for
exposure to thermal coal, controversial weapons, tobacco, and other
controversial industries.
iShares MSCI EM IMI ESG Screened UCITS
ETF
The fund seeks to track the
performance of an index composed of emerging markets companies screened for
exposure to thermal coal, controversial weapons, tobacco, and other
controversial industries.
Muzammil Shaikh
Personal Finance Literacy Advocate
https://www.linkedin.com/in/mmuzammils
x
Saturday, September 23, 2023
Follow Wealthy & Healthy on Socials
Wealthy & Healthy Telegram Channel
A channel dedicated to Health news, motivations and Business.
₿itcoin Pristine Telegram Channel
A channel dedicated to Bitcoin (only) news.
Discord channel aggregates Bitcoin and Health related news.
Wealthy & Healthy Group on Facebook
A broadcast only dedicated to Health news, motivations, Bitcoin and Business.
Sunday, April 26, 2020
Please Support My Work
If you found this blog useful, please consider supporting my work by using the affiliate links below to register. I personally use all the services linked below.
Both of us will get free statement credit.
Fountain.FM - Join the podcast app that pays you in Bitcoin to "Listen" and Pay Creators for their fair work
Subscribe to:
Posts (Atom)