India Movie (Golden Triangle & GOA)

2 August, 2024 | Travel guides | 34 seen

Back at the end of December 2023, during Renée's school break, our family embarked on an unforgettable journey to India. Our adventure began with a flight from Tbilisi to New Delhi, the bustling capital of India. New Delhi welcomed us with its rich history and vibrant culture, offering a perfect introduction to our travels.

New Delhi: A Cultural Melting Pot

In New Delhi, we explored a myriad of attractions, each narrating a tale from a different era. The Red Fort, a stunning relic of Mughal architecture, and the India Gate, a war memorial, were among the highlights.

The Majestic Taj Mahal

From New Delhi, our journey took us to Agra, home to the iconic Taj Mahal. The sheer beauty of this monument, bathed in the soft glow of the morning sun, left us in awe. Built by Emperor Shah Jahan in memory of his beloved wife Mumtaz Mahal, the Taj Mahal is a testament to eternal love and architectural brilliance. Walking through its pristine gardens and admiring the intricate marble work was a surreal experience.

Jaipur: The Pink City

Next, we headed to Jaipur, famously known as the Pink City. The city’s rosy hue and regal charm captivated us. We visited the City Palace, which still serves as the residence of the royal family, and the Hawa Mahal, or the Palace of Winds, with its distinctive honeycomb facade. The Amber Fort, perched on a hilltop, offered panoramic views of the surrounding landscape. The intricate mirror work and the grandeur of the fort were truly mesmerizing.

Soaking Up the Sun in Goa

After our whirlwind tour of the Golden Triangle, we boarded a domestic flight to Goa, ready to unwind and soak up the sun. Goa's laid-back vibe and stunning beaches provided the perfect setting for relaxation.

Palolem Beach: A Slice of Paradise

We chose Palolem Beach as our base in Goa, and it turned out to be an excellent decision. Known for its picturesque crescent shape and calm waters, Palolem Beach is one of Goa’s hidden gems. We spent our days lounging on the soft sand, swimming in the Indian Ocean, and indulging in delicious local cuisine. The garlic naan, in particular, became a family favorite.

Creating Lasting Memories

Our time in Goa was filled with memorable moments. From morning yoga sessions on the beach to evening strolls along the shoreline, every day was an adventure. We also explored the local markets, picking up souvenirs and enjoying the vibrant atmosphere.

Watch Our Adventure Unfold

Our journey through India was an incredible experience, filled with breathtaking sights, rich cultural encounters, and unforgettable memories. We’ve captured all these moments in a video, inviting you to join us on our adventure. Watch our movie, give it a thumbs up, and immerse yourself in the magic of India.

This adventure through India’s Golden Triangle and Goa was a blend of exploration and relaxation, offering us a perfect balance of cultural immersion and beachside bliss. Whether you're planning a trip to India or just love to travel vicariously through others' experiences, we hope our story and video inspire you to embark on your own adventure.

Real Estate vs. Bitcoin: A Comparative Analysis of Leveraged Investments

30 July, 2024 | Real Estate | 38 seen

Recently, I had an interesting conversation with a business associate about leveraging investments in real estate and Bitcoin. 

He offered me an opportunity to purchase an apartment in Tbilisi using a bank loan with a 10-year term, requiring a 30% down payment. This essentially creates a leverage ratio of 3x. The idea is to rent out the apartment, which would cover the mortgage payments, a common and popular belief among real estate investors. While I'm not advocating against this approach, it got me thinking about how it compares to leveraging investments in Bitcoin, where the leverage can be significantly higher.

As the founder of a successful crypto hedge fund, Terramatris, I often explore various investment strategies. This particular offer in Tbilisi, a market I am quite familiar with, prompted me to compare real estate with Bitcoin investments. Although in the crypto market, leverage can go up to 10x, for a fair comparison, I will apply the same 3x leverage to both real estate and Bitcoin investments. Let's break down the numbers and see which investment strategy might be more profitable under similar conditions.

Real Estate Investment

Assumptions:

• Property Value: $200,000
• Down Payment: 30% ($60,000)
• Loan Amount: $140,000
• Annual Interest Rate: 6%
• Rental Income: $1,200 per month
• Annual Property Appreciation: 5%

Calculations:

Bitcoin Investment

Assumptions:

• Investment Amount: $200,000
• Down Payment: 30% ($60,000)
• Total Exposure: $200,000 (3x leverage)
• Annual Interest Rate on Loan: 6%
• Annual Bitcoin Appreciation: 5%
• Monthly Income from Covered Calls: $X (To be calculated)

Calculations:

Comparative Analysis

• Real Estate:
  • Negative cash flow of $4,248 annually.
  • Property value appreciation of $10,000 annually.
  • Total gain (or loss) after one year: -$4,248 + $10,000 = $5,752
• Bitcoin:
  • Positive cash flow of $39,600 annually.
  • Bitcoin value appreciation of $10,000 annually.
  • Total gain after one year: $39,600 + $10,000 = $49,600

Potential Downsides

• Repairs and Maintenance:
  • Unexpected repairs can be costly and frequent, impacting net income.
  • Regular maintenance to keep the property in good condition.
• Property Management:
  • Hiring a property manager can cost around 10% of the rental income, further reducing cash flow.
  • Time and effort required if managing the property yourself.
• Vacancy Rates:
  • Periods when the property is not rented out can result in a loss of rental income.
  • Marketing and tenant acquisition efforts can be time-consuming and costly.
• Market Risks:
  • Real estate markets can fluctuate, impacting property values.
  • Economic downturns can reduce rental demand and property appreciation rates.

• Volatility:
  • Bitcoin is highly volatile, and prices can swing dramatically in a short period.
  • The value can drop significantly, potentially even to zero, resulting in substantial losses.
• Security Risks:
  • Risk of hacking and theft if not stored securely.
  • Exchanges can be vulnerable to cyberattacks.
• Regulatory Risks:
  • Changes in regulation can impact the value and legality of Bitcoin.
  • Governments may impose restrictions or bans on cryptocurrency trading.
• Market Liquidity:
  • While generally liquid, large sales can impact the market price.
  • In extreme market conditions, liquidity can dry up.

Conclusion

Based on these simplified calculations, leveraging Bitcoin appears to offer a significantly higher return compared to investing in real estate under the given assumptions, even when both investments use the same 3x leverage. The income generated from covered calls and the appreciation of Bitcoin value far exceed the returns from rental income and property appreciation in the real estate example.

However, it’s essential to consider the volatility and risks associated with each investment type. Real estate tends to be a more stable and predictable asset, while Bitcoin is highly volatile and can result in significant losses as well as gains. Additionally, real estate investments come with their own set of challenges, such as repairs, property management, and vacancy risks, whereas Bitcoin investments are susceptible to market volatility, security risks, and regulatory uncertainties.

As always, it’s crucial to conduct thorough research and consider your risk tolerance before making investment decisions.

Frame House in Latvia: Outdoor Patio, Inner Walls, and More

29 July, 2024 | Frame House | 110 seen

As June came to an end, our family embarked on a journey from Tbilisi to Latvia, skipping Renee's school year for the last week and focus on our frame house project. Here's a glimpse into our busy but rewarding time working on the house.

We left Tbilisi with excitement and anticipation, knowing that a lot of work awaited us in Latvia. Skipping a week of Renee's school was a calculated decision, as we wanted to make the most of this opportunity to push our frame house project closer to completion.

Our first major task was finishing the outdoor patio. This space is crucial for us as it extends our living area and provides a beautiful spot to relax and enjoy the surrounding nature. We installed decking, ensuring a sturdy and aesthetically pleasing foundation. 

Inside the house, we focused on building a few inner walls. These walls are essential for creating defined living spaces and ensuring privacy. It was a meticulous process, involving precise measurements and careful construction. 

The sense of accomplishment we felt after seeing the walls take shape was immense.

Installing the WC was another significant milestone. This task involved not only setting up the toilet but also ensuring proper plumbing. We worked diligently to connect the pipes and ensure a seamless flow of water. 

The installation of the WC brought us one step closer to making the house fully functional.

The wiring and plumbing tasks were perhaps the most challenging. We had to lay out the electrical wiring throughout the house, ensuring safety and compliance with regulations. Plumbing involved connecting pipes for water supply and drainage, which required careful planning and execution. Despite the complexity, we managed to complete these tasks successfully, bringing essential utilities to the house.

Installing drywall is a crucial step in finishing the interiors, and it requires precision and patience. We measured, cut, and secured the drywall panels, transforming the skeletal frame of the house into defined rooms.

 Although we made significant progress, there is still some work left to be done.

Reflecting on Our Progress

Looking back, the three weeks we spent in Latvia were incredibly productive. We managed to complete several critical tasks, each bringing us closer to our dream home. While it was exhausting, the sense of achievement and the visible progress made it all worthwhile.

What's Next?

With the outdoor patio finished, inner walls built, WC installed, and wiring, plumbing, and drywall works nearing completion, we are now gearing up for the next phase of our project. The upcoming tasks include finishing the remaining drywall work and installing a few windows.

Stay tuned for more updates as we continue our journey towards completing our frame house in Latvia. Each step brings us closer to creating a perfect family retreat, blending comfort with the beauty of the Latvian countryside.

Wine with Friends Night in Tbilisi: A Perfect Blend of Networking and Tasting

25 July, 2024 | Living in Georgia | 158 seen

Yesterday, I had the pleasure of attending a delightful wine-tasting event organized by my American friend, Colin. The evening was set in the charming ambiance of a wine gallery located at Irakli Abashidze 64. The event brought together a vibrant mix of expatriates from various industries, predominantly startups and founders, creating an excellent opportunity for networking and socializing.

The wine gallery on Irakli Abashidze 64 is an exquisite venue that exudes both elegance and warmth. Its cozy, inviting atmosphere set the perfect backdrop for a night dedicated to the appreciation of fine wines and engaging conversations. The gallery's carefully curated selection of wines offered a delightful journey through Georgia's rich viticultural heritage.

As we arrived, I was greeted by a familiar and friendly crowd of expats, some of whom I had the pleasure of knowing from previous encounters. The diversity of industries represented was impressive, with attendees hailing from tech startups, software developers, crypto traders, hedge funds, professionals from translation industry and various other entrepreneurial ventures. This mix of professionals created an enriching environment for exchanging ideas and forging new connections.

The Organizer: Colin and Friends

Colin, along with his friends, did an exceptional job of organizing the event. Their passion for wine and dedication to creating a memorable experience was evident in every detail. The wine tasting itself was a well-structured affair, with a selection of both red and white wines that showcased the depth and variety of Georgian winemaking. Colin's knowledge and enthusiasm added an educational layer to the tasting, making it both enjoyable and informative. 

The wine tasting featured a diverse array of wines, each with its own unique character and story. From robust reds to crisp whites, the selection highlighted the rich terroir of Georgia. It was a pleasure to discover new favorites and deepen my appreciation for the complexities of Georgian wines. The discussions about the different notes and flavors in each wine were as stimulating as the beverages themselves.

Networking and Connections

The highlight of the evening was the opportunity to network with like-minded individuals. I reconnected with old acquaintances and made several new contacts, all while enjoying the delightful wines on offer. The relaxed setting of the wine gallery facilitated open and engaging conversations, making it easy to share experiences and insights about life in Tbilisi and beyond.

In summary, the wine with friends night at Irakli Abashidze 64 was a resounding success. It was an evening filled with good wine, great company, and meaningful connections. Events like these are invaluable for expats living in Tbilisi, providing not only a taste of the local culture but also an opportunity to build a supportive community. Kudos to Colin and his friends for organizing such a fantastic event. Here's to many more nights of wine and camaraderie in Tbilisi!

This wine-tasting event exemplifies the vibrant expat life in Tbilisi, where culture, business, and socializing blend seamlessly. Whether you're a wine enthusiast or an entrepreneur looking to expand your network, such gatherings offer the perfect setting to enjoy the best of both worlds.

Average Monthly Salary in Georgia in 2024

24 July, 2024 | Living in Georgia | 989 seen

In the first quarter of 2024, the average nominal monthly salary in Georgia was 1,943.4 GEL. This figure includes income tax, meaning the net salary (take-home pay) is 20% less.

Compared to the same period last year, there was an increase of 226.8 GEL, or 13.2%. However, this is a decrease of 101 GEL compared to the fourth quarter of the previous year.

There remains a significant gender pay gap across all sectors. The average nominal salary for men is 2,343.2 GEL, while for women it is 1,540.0 GEL.

The highest average salaries, over 4,000 GEL, are found in the financial and insurance activities, as well as information and communication sectors.

The highest average salary is in Tbilisi, at 2,305 GEL, while the lowest is in the Racha Lechkhumi/Kvemo Svaneti region, at only 996.8 GEL.

Experts note that instead of the average salary, the median salary is a more telling indicator, but the statistics department does not regularly calculate this figure.

As an expat living in Georgia, I like following developments on how the average wage in Georgia has evolved over the years. Last time I checked was back in 2016, when the average wage was 1,035 GEL or about 389 USD. Fast forward to 2024, the average salary has seen significant growth.

From 2016 to 2024, the average monthly salary in Georgia has increased from 1,035 GEL (389 USD) to 1,943.4 GEL (684.29 USD), reflecting significant economic growth and improvement in wages over the past eight years.

Investment Suggestions for TerraMatris Crypto Hedge Fund

To achieve the average Georgian salary of 1,943.4 GEL per month, using a 3.6% monthly return rate from investments at TerraMatris crypto hedge fund, we need to calculate the required investment amount.

To achieve an average monthly salary of 1,943.4 GEL with a 3.6% monthly return rate, an investment of approximately 53,983.33 GEL (or 19,005.12 USD) is required in the TerraMatris crypto hedge fund.

This strategy ensures a stable income stream, allowing investors to reach the average monthly salary in Georgia, while benefiting from the growing opportunities in the crypto market.

June 2024 Stock Portfolio Update ($9,173)

19 July, 2024 | Investments | 57 seen

At the end of June 2024, the total value of our stock portfolio was USD 9,173 (EUR 8,431). What is a small, but increase of EUR 226, if compared to the previous month

Most of the June we spent in Georgia, enjoying Summer, taking part in trail runs, while at the end of June we traveled to Latvia to work with our frame house, did some good job, installing outdoor patio, wiring, and even installing drywall.

The increase in the stock portfolio comes from the market appreciation itself and additionally from options trades, while small part of the growth can be attributed to  the dividends. 

One of my short-term goals is to grow our portfolio to USD 10,000. With USD 827 to go, I believe this target is achievable in the next few months through a combination of selling options and stock appreciation.

The main longer-term goal for our portfolio is to grow it to 100 fully covered Morgan Stanley (MS) shares, supported by an additional 100 British Petroleum (BP) shares. This strategy will enable us to sell covered calls on these shares while also benefiting from dividend payments. 

Stock Portfolio

Year to Date (YTD) our stock portfolio was up + 11.37% at the end of June, which ir more or less the same as SP 500.

I have made a few investing mistakes in the past months, which have been costly, and if not those mistakes, our portfolio definitely would be already over $10,000, but what can I do. Just make better, edicated trading decissions in the future.

Options trades

We actively sell weekly put options on MS and BP, reinvesting the premiums back into stocks. Besides these two, in the month of June was selling options on few other tickers, like PM, TEVA and more. 

I keep a separate newsletter for my stocks buys and options trades, make sure to check it out if you are intersested to learn more, subscribe at OptionsBrew.com

Dividend income

Our current yearly dividend from the portfolio stands at USD 165.5, yielding 3.99%. 

While this is not yet enough to retire comfortably, it is a solid foundation upon which we can build. In the month of June we managed to add about $13 of dividend to our portfolio.

I believe by the end of the year we should be able to push our dividend portfolio to $200/yearly

Plans for July 2024

For the month of July, we are looking to invest with options, while reinvesting premiums in MS, JNJ, MPW, TEVA, PM and maybe some other ticker.

How was your investments performing in the month of June? Leave a comment!

The Great Latvia Summer 2024: From Riga to Nīca

18 July, 2024 | Travel guides | 62 seen

As the warmth of summer envelops the Baltic region, there’s no better way to experience its charm than by embarking on a journey through the scenic landscapes of Latvia. This year, we invite you to join us on an unforgettable adventure in our latest film, "The Great Latvia Summer 2024." From the bustling streets of Riga to the tranquil shores of Nīca, and the historic town of Valka, this summer promises to be filled with exploration, local flavors, and hands-on projects.

We kicked off our adventure by skipping a week from the British International School in Tbilisi to travel to Latvia on June 21. We stayed until July 14, making memories that will last a lifetime. During our stay, we celebrated our kiddo’s 6th birthday at our charming frame house, adding a special touch to our summer journey.

Exploring Riga: The Heart of Latvia

Our journey begins in Riga, the capital city known for its stunning Art Nouveau architecture and vibrant cultural scene. Whether you're wandering through the historic Old Town, enjoying the lively atmosphere of the Central Market, or taking a leisurely stroll along the Daugava River, Riga offers a perfect blend of the old and new. Don’t miss the iconic Freedom Monument and the beautiful views from St. Peter’s Church tower.

The Serenity of Nīca

Leaving the city behind, we head towards Nīca, a hidden gem located near the border with Lithuania. Known for its pristine beaches and serene dunes, Nīca is a perfect escape for those seeking peace and natural beauty. Relax on the sandy shores, explore the local lighthouse, and immerse yourself in the quiet charm of this coastal paradise.

Discovering Valka

Our journey continues to Valka, a town rich in history and culture, straddling the border between Latvia and Estonia. Valka’s unique position allows you to stand in two countries at once. Visit the local museums, enjoy a walk in the town’s beautiful parks, and don’t forget to take a photo at the border marker.

Tasting Local Flavors

One of the highlights of any trip is the opportunity to indulge in local cuisine. In Kazdanga, we savor the refreshing taste of locally brewed cider. This small town is known for its lush greenery and the historic Kazdanga Manor, making it a perfect spot to enjoy a drink and unwind. Moving on to Valmiera, we relish a hearty beer at one of the town’s traditional breweries. Valmiera is famous for its rich brewing heritage, and a visit here offers a delightful taste of Latvia’s best ales.

Hands-On Adventures in Capši Land

Our journey takes a creative turn as we arrive in Capši land, where the summer is all about building and creating. Watch as we install a beautiful terrace, set up drywall, and bring inflatable attractions to life, complete with ball pits that promise endless fun. These hands-on projects showcase the spirit of innovation and the joy of constructing something new.

Building, Rebuilding, and Innovating

In Capši land, the motto is simple: build, rebuild, and innovate. From small DIY projects to more ambitious constructions, this summer is dedicated to creativity and craftsmanship. Whether you’re a seasoned builder or a novice, there’s something incredibly satisfying about creating something with your own hands. Stay tuned as we continue to share more exciting projects and adventures.

To Be Continued...

"The Great Latvia Summer 2024" is more than just a movie; it’s an invitation to explore, taste, and create. As we journey through Latvia, we celebrate the beauty of its landscapes, the richness of its culture, and the joy of hands-on projects. But the adventure doesn’t end here. There’s so much more to discover and build. Stay with us for more episodes and let’s continue this incredible journey together.

Keywords: Latvia Summer 2024, Riga travel guide, Nīca beaches, Valka border town, Kazdanga cider, Valmiera beer, Capši land projects, terrace installation, drywall setup, inflatable attractions, Latvian travel blog, construction projects, summer adventures, DIY projects, Baltic travel, explore Latvia, Latvian culture, family fun.

Exploring the Real Estate Market in Tbilisi in 2024: Bitcoin as a Buying Power

17 July, 2024 | Real Estate | 32 seen

As the CEO and Founder of TerraMatris Crypto Hedge Fund, I've often contemplated the potential of cryptocurrencies, especially Bitcoin, in various investment avenues. Recently, I received a proposal involving the use of leverage to purchase an apartment in Tbilisi using our hedge fund as collateral. This intriguing idea prompted me to explore the current real estate market in Tbilisi, particularly in terms of how many Bitcoins one would need to buy an apartment in 2024.

Real Estate Prices in Tbilisi

Tbilisi, the capital of Georgia, has seen a robust real estate market over the past decade. The city offers a range of options, from high-end apartments in central districts like Vake and Saburtalo to more affordable options in outer neighborhoods like Digomi.

Vake-Saburtalo

Vake-Saburtalo is known for its upscale living conditions, modern infrastructure, and convenient amenities. As of summer 2024, turnkey apartments in these districts are priced between $130,000 to $200,000. The average price per square meter in these areas is approximately $2,000. These figures highlight the premium nature of real estate in central Tbilisi, catering to those seeking a comfortable and luxurious urban lifestyle.

Digomi and Outer Neighborhoods

On the other hand, neighborhoods like Digomi offer more spacious and affordable housing options. Here, one can purchase a sizeable apartment for $70,000 to $90,000. These areas are attractive to families and individuals looking for a balance between affordability and space, albeit with potentially fewer amenities compared to the central districts.

Bitcoin as a Buying Power

Bitcoin, known for its volatility and high potential returns, was valued at around $67,000 in the summer of 2024. Using Bitcoin to purchase real estate is an innovative approach, reflecting the growing acceptance of cryptocurrencies in mainstream transactions.

Calculating the Bitcoin Equivalent

To illustrate, let's consider the current Bitcoin price:

• 1 BTC = $67,000

Based on this valuation, the number of Bitcoins needed to purchase an apartment in Tbilisi would be as follows:

• Vake-Saburtalo:
  • $130,000 apartment ≈ 1.94 BTC
  • $200,000 apartment ≈ 2.99 BTC
• Digomi and Outer Neighborhoods:
  • $70,000 apartment ≈ 1.04 BTC
  • $90,000 apartment ≈ 1.34 BTC

Leverage and TerraMatris Crypto Hedge Fund

Considering the use of leverage, where TerraMatris Crypto Hedge Fund serves as collateral, could potentially reduce the number of Bitcoins required upfront. This method provides an exciting opportunity to acquire real estate while maximizing the potential appreciation of Bitcoin holdings.

Real Estate vs. Bitcoin: A Decade-Long Comparison

Drawing from my recent analysis comparing gold prices to real estate, it is intriguing to ponder the future performance of Bitcoin against Tbilisi's real estate market over the next decade. Historically, Bitcoin has shown significant appreciation, outpacing traditional assets like gold. However, real estate offers tangible value and stability, often acting as a hedge against economic uncertainties.

Exploring Real Estate Prices in Riga Compared to Gold: A 2007 vs. 2023 Analysis

My Perspective

While my inner feeling leans towards Bitcoin as the smarter investment over the next ten years, it's essential to consider both asset classes' unique benefits and risks. Bitcoin's high volatility and potential for substantial returns contrast with real estate's steady appreciation and tangible utility.

Conclusion

In conclusion, the real estate market in Tbilisi offers diverse options for potential buyers, with significant price variations between central and outer neighborhoods. With Bitcoin valued at $67,000, purchasing an apartment in Tbilisi using Bitcoin is a feasible and innovative approach. As the market evolves, it will be fascinating to observe whether Bitcoin or real estate emerges as the smarter investment in the long run. My bet? Bitcoin holds immense promise, but only time will tell.

Spot Gold (Tokenized) vs. Buying Gold Jewelry in Tbilisi

27 June, 2024 | Living in Georgia | 47 seen

Today, I spent a delightful afternoon with my 5-year-old daughter at a shopping mall in Tbilisi. Our mission was to find the perfect gold necklace, bracelet, or earrings as birthday gift to my partner. After browsing through various options, we ended up purchasing a beautiful gold ring. As a seasoned investor in tokenized gold (PAXG), I found it interesting to compare the prices of real gold versus gold in jewelry.

When it comes to gold jewelry, it's essential to understand the differences in gold purity and how it affects pricing. For example, 14K gold contains 58.5% pure gold, while 18K gold has 75% pure gold. Another term I encountered today was "Russian gold," which is related to 585 gold or pink gold, known for its unique hue.

The gold ring I bought today cost GEL 802 (USD 284) and contained 1.91 grams of gold. With the current gold price at $74.12 per gram, the gold content in the ring is valued at $141.56. This means I paid about twice the intrinsic value of the gold itself. Surprisingly, this isn't as high as some might expect when buying jewelry, which can sometimes carry markups as high as 10 times the gold's market value.

Gold Jewelry: An Investment?

While gold jewelry can be a beautiful and sentimental gift, it’s not typically seen as a wise investment. The additional costs involved in the craftsmanship, design, and retail markup make it a less attractive option for those looking to invest in gold. The resale value of gold jewelry also tends to be significantly lower than its purchase price, especially for 585 gold, which is less pure and less valuable.

In contrast, investing in spot gold or tokenized gold like PAXG offers a more straightforward approach to owning gold. Spot gold is purchased at the current market price without the added costs associated with jewelry. Tokenized gold provides the added benefit of digital ownership, making it easy to trade and store securely. Each PAXG token represents one fine troy ounce of gold stored in professional vault facilities.

While gold jewelry serves well as a gift and a piece of adornment, it falls short as a solid investment. The additional costs and lower resale value make it less appealing compared to investing in spot gold or tokenized gold. For those looking to invest in gold purely for its financial benefits, spot gold or tokenized gold offers a more practical and cost-effective option. However, understanding the intrinsic value of gold jewelry can help buyers make more informed decisions and appreciate the true worth of their purchases.

Interested to learn more? At TerraMatris crypto hedge fund we invest in different kind of assets, including tokenized gold.

Jal Mahal / Water Palace near Jaipur

20 June, 2024 | Tourism objects | 123 seen

Jal Mahal (meaning "Water Palace") is a palace in the middle of the Man Sagar Lake in Jaipur city, the capital of the state of Rajasthan, India. The palace was originally constructed around 1699; the building and the lake around it were later renovated and enlarged in the early 18th century by Maharaja Jai Singh II of Amber.

I had a brief chance to visit and see this place from a distance during our about 3 week trip to India at the end of 2023. We arrived here in the afternoon from the Amber fort. 

The Jal Mahal Palace is an architectural showcase of the Rajput style of architecture (common in Rajasthan) on a grand scale. 

The building has a picturesque view of Man Sagar Lake, but owing to its seclusion from land is equally the focus of a viewpoint from the Man Sagar Dam on the eastern side of the lake in front of the backdrop of the surrounding Nahargarh ("tiger-abode") hills. The palace, built with local sandstone, is a three-storied building, with the third floor only existing on the eastern side of the palace. The eastern side is not visible from the road side public promenade, which is the Western side of the palace. 

The additional lower levels of the eastern side remain underwater when the lake is full. The Jal Mahal has a terrace floor with a garden, and the garden has four Tibaris facing north, south, east and west. The Tibaris are designed in the Bengal roof style architecture while the four octagonal Chhatri on the roof mark the corners of the monument. The palace had suffered subsidence in the past and also partial seepage (plaster work and wall damage equivalent to rising damp) because of water logging, which have been repaired under a restoration project of the Government of Rajasthan)

My Experience with Fundraising on LinkedIn: Part 1

13 June, 2024 | Doing Business | 31 seen

As the CEO and Founder of Terramatris, a crypto hedge fund, I've always been keen on leveraging social media to share updates and engage with potential investors. Over the past few months, I've been actively posting updates about Terramatris on LinkedIn. 

To my pleasant surprise, my followership has started to grow, reaching a little more than 200 followers. With this growing audience, I decided it was time to reach out to my connections and explore potential fundraising opportunities for our fund.

I crafted a simple yet compelling letter with the help of ChatGPT. In this letter, I highlighted our impressive performance, boasting a 540% Year-To-Date (YTD) growth. The message was clear and straightforward: Is there a way we could grow together?

The Outreach

Over the last two weeks, I embarked on a series of Google Meet calls with some of my LinkedIn acquaintances. My goal was twofold: to learn more about their businesses and to raise funds for our quantum fund. The experience was nothing short of fascinating. I interacted with a diverse group of individuals, including French inventors, Spanish anarchists, Russian capitalists, and even Indian quant traders. Each conversation was unique and offered valuable insights into different business cultures and investment perspectives.

Diverse Interactions

One particularly memorable interaction was with an American entrepreneur who tried to seal the deal during our call, seeking $100k from me. This unexpected turn of events highlighted the unpredictable nature of networking and fundraising.

Despite not raising any funds at this stage, the networking experience has been incredibly enriching. Engaging with such a diverse group of professionals has broadened my understanding of the global investment landscape and opened doors to future opportunities.

Although my initial outreach did not result in immediate funding, the experience has been a rewarding journey of learning and connection. I've gained invaluable insights into different business practices and established connections that could prove beneficial in the future.

Looking Ahead

Fundraising is rarely a linear path, and patience and persistence are key. I plan to repeat this outreach strategy in a few months, armed with the lessons learned and the new connections made during this initial phase. My aim is to continue building relationships and eventually secure the funding needed to propel Terramatris to new heights.

In conclusion, while the immediate goal of raising funds was not achieved, the process of networking and engaging with a diverse group of professionals has been an enriching and enjoyable experience. I look forward to the next phase of this journey and am optimistic about the future prospects for Terramatris.

Stay tuned for Part 2, where I'll delve deeper into the specific strategies and insights gained from my interactions with these international professionals.

By sharing this journey, I hope to inspire others in similar positions to leverage LinkedIn and other social media platforms for networking and fundraising. The key takeaway is that even if immediate goals are not met, the process itself can be highly rewarding and pave the way for future success.

Exploring Real Estate Prices in Riga Compared to Gold: A 2007 vs. 2023 Analysis

11 June, 2024 | Real Estate | 30 seen

A few days ago, I stumbled upon an article or perhaps a meme on Facebook that suggested the same amount of gold from 100 years ago could buy you real estate today. Intrigued by this claim, I decided to explore further and compare real estate prices in my native Riga to spot gold prices. My findings, particularly when comparing 2007 with 2023, are quite interesting.

Let's start with some basic data:

In October 2023, the average price of standard apartments in Riga was 852 euros per square meter. This price is 47% lower than on July 1, 2007, when the average price of an unrenovated standard apartment reached an all-time high of 1620 euros per square meter.

To delve deeper, I conducted some simple calculations to compare the cost of purchasing a 50m² apartment in Riga back in 2007 with the price of spot gold at that time. On July 1, 2007, the spot gold price was 501 euros per ounce.

To buy a 50m² apartment in 2007, we would need approximately 81,000 euros (50m² * 1620 euros/m²). With 81,000 euros, one could purchase around 161.68 ounces of spot gold (81,000 euros / 501 euros per ounce).

Following the analogy mentioned earlier, if the theory holds true, we should be able to get the equivalent of 161.68 ounces of spot gold for whatever the apartment price is in 2023.

Let's see how this plays out. In 2023, the new price of a standard apartment in Riga is 852 euros per square meter. Thus, a 50m² apartment would cost 42,600 euros (50m² * 852 euros/m²).

Now, let's compare this with the spot gold price in October 2023, which is approximately 1743 euros per ounce. For 42,600 euros, we could buy around 24.44 ounces of spot gold (42,600 euros / 1743 euros per ounce).

This comparison reveals a stark difference:

• In 2007, 81,000 euros could buy 161.68 ounces of gold.
• In 2023, 42,600 euros could buy only 24.44 ounces of gold.

So, while the price of gold has significantly increased over the years, real estate prices in Riga have not kept pace. This highlights the divergent trends in the value of gold versus real estate in Riga over the past 16 years.

Sadly, we didn’t purchase 190 ounces of gold back in 2007. However, it's never too late to explore new investment opportunities. At Terramatris Crypto Hedge Fund, we actively buy tokenized spot gold, providing a modern and accessible way to invest in this precious metal.

In conclusion, if we had invested in gold rather than real estate in 2007, the value of our investment would have appreciated significantly more. This insight underscores the importance of considering diverse investment strategies and understanding how different assets can perform over time. For those looking to make savvy investments today, exploring options like tokenized spot gold with Terramatris Crypto Hedge Fund can be a prudent choice.

May 2024 Stock Portfolio Update ($8,907)

6 June, 2024 | Investments | 40 seen

At the end of May 2024, the total value of our stock portfolio was USD 8,907 (EUR 8,205). While this represents a slight decrease from the previous month, it is an essential part of our journey towards long-term growth and financial stability. 

Last month, our portfolios decreased by -155.48 EUR (-1.86%). This drop was primarily due to my mismanagement of trading options on micro gold futures.

Lessons Learned: The Pitfalls of Illiquid Markets

The decrease in our portfolio was a direct result of trading options on micro gold futures. Options on these futures are not very liquid, and when one of our options strikes was in the money, I was unable to adjust by rolling forward. 

This led to an avoidable loss of around USD 300. The key takeaway from this experience is to avoid trading options in illiquid markets. If you are interested in a more detailed account, you can read my longer article here: [Why I Stopped Selling Put Options on Micro Gold Futures (MGC)].

Short-Term and Long-Term Goals

One of my short-term goals is to grow our portfolio to USD 10,000. With USD 1,100 to go, I believe this target is achievable in the next few months through a combination of selling options and stock appreciation.

The main longer-term goal for our portfolio is to grow it to 100 fully covered Morgan Stanley (MS) shares, supported by an additional 100 British Petroleum (BP) shares. This strategy will enable us to sell covered calls on these shares while also benefiting from dividend payments.

Trading Strategy and Portfolio Composition

We actively sell weekly put options on MS and BP, reinvesting the premiums back into stocks. Additionally, we invest in shares of NVDA, ADBE, NFLX, PM, and others. Our current yearly dividend from the portfolio stands at USD 152.30, yielding 3.99%. While this is not yet enough to retire comfortably, it is a solid foundation upon which we can build.

June 2024 Plan

For the month of June, our plan includes the following purchases:

• 0.05 NFLX shares every Monday
• 1 MS share, 1 BP share, and 0.25 AMZN shares every Friday

To finance these purchases, we utilize funds available in our brokerage account and premiums generated from selling options.

Looking Ahead

The journey of growing our portfolio is both challenging and rewarding. By learning from past mistakes and continuously refining our strategy, I am confident that we will achieve our financial goals. Stay tuned for more updates and insights into our trading activities and portfolio growth.

Thank you for following along on this journey. If you have any questions or would like to share your own experiences, feel free to leave a comment below. Happy trading!

Batumi / Gomarduli / Adjara

30 May, 2024 | Living in Georgia | 54 seen

We are thrilled to announce the release of our latest Batumi movie! This time, we decided to take a different route and skip the sea, opting instead for an adventurous journey through the Adjarian mountains. Our expedition led us to the charming village of Gomarduli, where we encountered wild animals and were captivated by the beauty of blooming rhododendrons.

Gomarduli, a picturesque village nestled in the Adjarian mountains. This hidden gem offers a serene escape from the bustling city life and provides a perfect setting for nature enthusiasts and adventure seekers alike. With its lush landscapes and tranquil ambiance, Gomarduli immediately won our hearts.

As we ventured deeper into the mountains, we had the incredible opportunity to encounter some of the region's wild inhabitants. From deer gracefully roaming the forests to eagles soaring high above, the Adjarian mountains are teeming with wildlife. Capturing these moments on camera was a thrilling experience, adding an element of excitement to our journey.

One of the highlights of our trip was witnessing the stunning rhododendrons in full bloom. These vibrant flowers, with their myriad of colors, added a magical touch to the already breathtaking scenery. Walking through fields of rhododendrons felt like stepping into a fairy tale, and we made sure to capture this enchanting spectacle in our video.

We invite you to join us on this unforgettable adventure by watching our latest Batumi movie. Immerse yourself in the beauty of the Adjarian mountains, discover the charm of Gomarduli, encounter wild animals, and admire the gorgeous rhododendrons. Don't forget to give us a thumbs up if you enjoyed the video!

Our exploration of the Adjarian mountains was a remarkable experience that we are excited to share with you. Skipping the sea and delving into the heart of nature provided us with unforgettable memories and stunning footage. We hope our video inspires you to explore this beautiful region and discover its hidden treasures.

Why I Stopped Selling Put Options on Micro Gold Futures (MGC)

15 May, 2024 | Investments | 16 seen

As a seasoned trader and CEO of Terramatris crypto hedge fund, I have explored various trading strategies over the years. One strategy I have experimented with is selling put options on Micro gold futures. Recently, I decided to stop using this approach. 

In this article, I'll explain the main reason behind my decision, providing insights that might be valuable for fellow traders.

Understanding Put Options on Micro Gold Futures

Before delving into why I stopped selling put options on Micro gold futures, it’s essential to understand what they are. A put option gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset (in this case, Micro gold futures) at a predetermined price within a set period.

Selling put options involves taking on the obligation to buy the underlying asset if the option is exercised. This strategy can be profitable if the price of the underlying asset remains above the strike price, allowing the seller to keep the premium received for writing the option.

The Initial Appeal of Selling Put Options

Selling put options on Micro gold futures initially appealed to me for several reasons:

Main Differences Between Micro Gold Futures (MGC) and Gold Futures (GC)

Understanding the key differences between Micro gold futures (MGC) and regular gold futures (GC) is crucial:

The Primary Reason I Stopped Selling Put Options on Micro Gold Futures

Despite the initial appeal, I decided to discontinue this strategy due to one significant factor: Lack of Liquidity in Order Books

The lack of liquidity in the order books for Micro gold futures put options was the primary reason I stopped selling them. Liquidity is crucial for several reasons:

Considering Regular Gold Futures

While selling puts on regular gold futures might still be an option due to better liquidity, these contracts control 100 ounces of gold each. This significant exposure makes me uncomfortable, as it involves a higher level of risk and capital commitment.

Shifting Focus to GLD ETF

Instead of continuing with put options on Micro gold futures or moving to regular gold futures, I have shifted my focus to trading the GLD ETF. The SPDR Gold Shares (GLD) ETF provides exposure to gold with better liquidity and smaller capital requirements. This approach allows for easier adjustments and more flexible trading strategies without the liquidity concerns associated with Micro gold futures.

In the ever-evolving world of trading, it's crucial to continuously evaluate and adapt strategies based on market conditions and personal risk tolerance. While selling put options on Micro gold futures can be a profitable strategy under certain conditions, the lack of liquidity in the order books led me to move away from this approach.

Instead, I have shifted my focus to trading the GLD ETF, which offers better liquidity and more manageable exposure to gold. As I continue to explore and refine my trading strategies, I remain committed to sharing my experiences and insights to help fellow traders navigate the complexities of the financial markets.

If you're considering selling put options on Micro gold futures, I recommend conducting thorough research and understanding the potential liquidity issues involved. Always be prepared to adapt your strategies in response to changing market conditions.