Grow Together: How I am investing $10,000 publicly

Hi Boarders aka fellow finance enthusiasts,

It’s YB here!

Today, we're diving back into the exciting world of long-term compound returns and exploring an ingenious approach to track and share it’s power with you.

When it comes to personal finance and investing, one concept that has always fascinated me is the incredible potential of compounding returns. The idea that my money can grow exponentially over time is both empowering and awe-inspiring. However, I've often found it challenging to effectively convey the true impact of long-term compounding to others.

I believe in leading by example, which is why I'm creating a public wallet to demonstrate the power of compounding returns. This means that you (and anyone else who is interested) can transparently track the performance of my investments and hold me accountable to this investment strategy. So, buckle up, join me on this ride and witness the transparency of a public wallet.

The Concept of My Public Wallet

A public wallet? What does that mean - Let me explain. A public wallet is a digital asset wallet that puts everything out there for the world to see on a public blockchain. By sharing my public wallet, I can provide you all with a front-row seat to my investment holdings, portfolio allocations, and performance. This will foster trust and provide a real-time representation of how my investment holdings are faring over the long term.

My Public Wallet Address is 0xb47C25d7CF9BBCdc4183f74fE465b488015144B3.

It currently holds 9,999.99 USDT and 9.9 MATIC

Imagine having a special tool that acts like a microscope, allowing you to see and verify things happening on the blockchain. That's exactly what Polygonscan is – a Block Explorer that gives you an in-depth view of the blockchain world. With just a click on the link below, you can directly explore and validate the assets and their balances in my public wallet, all without needing my permission.

https://polygonscan.com/address/0xb47c25d7cf9bbcdc4183f74fe465b488015144b3#tokentxns

Choice of Network

I have created a public wallet on the Polygon Network primarily due to two things

1. Low fees: In recent years, we’ve seen the emergence of low gas fee blockchains like Polygon and Binance Smart Chain (BSC). This makes it a lot more affordable for people to use these chains. I think about this like WhatsApp vs Traditional Phone Lines. Before Whatsapp, making international calls was expensive, similarly these chains make interacting with a blockchain cheaper.

2. Index Tokens: An index token called “Alongside Crypto Market Index” ($AMKT) recently launched on Polygon. Index tokens like $AMKT represents a group of 25 different crypto assets. It's like a virtual basket of these digital coins. The index is designed to capture how well the whole crypto market is doing. Every month, they make sure the basket has the right amount of each crypto asset. And every three months, they check if any changes need to be made. This helps people invest in the entire crypto market in an easy and reliable as opposed to trying to time the market and picking stocks.

Benefits of a Public Wallet for My Readers

1. Open Education: Through my public wallet, you'll gain firsthand understanding of how compounding returns work and witness the impact of investment decisions and market fluctuations on a tangible portfolio.

2. Inspiration Boost: The growth potential of a well-managed investment portfolio can be incredibly inspiring. By following the transparent updates of my public wallet, you'll be motivated to set your own long-term financial goals and embark on your investment journey with confidence.

3. Lessons from the Trenches: Investing is an iterative process that involves both triumphs and setbacks. By openly sharing my portfolio performance, I offer you a valuable opportunity to learn from my investment choices—both successful and not-so-successful. Together, we'll gain insights and lessons that will guide us towards financial wisdom.

Accountability, My Friends!

Maintaining a public wallet fosters a sense of accountability within me as the author. It compels me to make informed decisions and exercise due diligence in managing my investments. By openly sharing my portfolio's performance, I hold myself accountable for the choices I make, reinforcing the importance of meticulous research and risk management.

Privacy and Security Considerations

While transparency is crucial, I am fully aware of the importance of privacy and security. Rest assured, I am committed to maintaining the confidentiality of sensitive information. I will focus on providing high-level insights without compromising personal or financial security. Our mutual growth and learning remain my top priority. Our focus should center on providing high-level insights, leveraging the public wallet as a catalyst for education, inspiration, and accountability.

In a Nutshell

Welcome to the exciting world of our Compass Wallet journey!

Together, we'll explore the profound impact of investment growth, allocation strategies, and decision-making. As we engage in this transparent and accountable journey, we'll empower each other to make informed financial choices and embrace the wonders of compounding returns.

So, fasten your seatbelts and get ready to embark on an enlightening adventure towards financial abundance! Let's unleash the full potential of our financial endeavours. Together, we're unstoppable!

While these concepts are easy to understand, putting them into practice is challenging. That's why we created Onboard, it’s more than just a financial app, we are building a membership community of modern Africans who are on their wealth-building journey and want to share, learn, and support one another. Becoming a member is easy: download the app and get onboard to take the first step in your journey.

DISCLAIMER: This newsletter is for educational purposes only and is not investment advice or a solicitation to buy or sell any assets. Please do your own research before making any investment decisions.