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B R O W N S T O N E R E S E A R C H S P E C I A L R E P O R T

Jeff’s First “Day One” Deal

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Realm Metaverse Real Estate Offering Type: Regulation A+

Offering Platform: Republic Minimum Investment: $1,000 Amount Available: $75 million

Industry: Metaverse, Blockchain, Non-Fungible Tokens, Cryptocurrency

Julia Tuttle paid $6,000 for her plot of land.

This was in 1891. Adjusted for inflation, Julia forked over about $180,000 for 320 acres.

At the time, it probably seemed like a foolish investment. The climate was hot, the land was swampy, swarming with mosquitos and alligators. Almost every year, hurricanes would batter the coast.

But Julia had a vision…

She secured her stake in what she believed would become a bustling area for commerce: Miami, Florida.

The “Mother of Miami,” as she is known today, saw the land as the gateway to South America.

And considering the narrowness of South Florida, she knew the acreage would become incredibly valuable.

Tuttle had plans to speed up her vision of Miami as a global commerce center. In 1895, she convinced the Florida East Coast Railway Company – owned by industrialist Henry Flagler – to lay track in what was an unincorporated area. At the time, Flagler had a vision to connect all of Florida’s east coast by rail. To help realize that dream, he turned to Tuttle and her land.

The railroad brought with it workers and settlers.

And in just a year’s time, the Royal Palm Hotel opened its doors overlooking Biscayne Bay just as Miami became an official city.

Miami would grow from a town with 861 residents in 1890 to 142,955 residents in 1930. Today, the Miami metropolitan area is home to nearly 6.2 million people – the largest city in the state.

Needless to say, Tuttle’s real estate investment produced incredible returns. In fact, land in the area that Tuttle purchased her original parcels now goes for $331 per square foot. To buy an equivalent number of acres as Tuttle owned 130 years ago would set an investor back $4.6 billion.

And the reality is that no contiguous property of that size exists anymore. It has all been developed.

It represents a change from $570 per acre in 1891 to $14.42 million per acre today… A more than 2.5 million percent gain. Quite the return.

BY JEFF BROWN

EDITOR, DAY ONE INVESTOR

Jeff’s First “Day One” Deal

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Sadly, Julia Tuttle never got to see the rewards of her investments. She unexpectedly passed in 1898. However, she left behind a generational fortune for her heirs. And she left her mark on history with one single investment.

Doing what Julia did today probably sounds impossible. Buying land for pennies and turning it into generational wealth feels like investing in folklore. I’m excited to say that it’s not. In fact, it is precisely the opportunity we have today.

I’m going to introduce Day One subscribers to the “next frontier” of real estate. It is the same type of investment opportunity that Julia Tuttle saw more than 130 years ago. For our first “day one” recommendation, we will invest in what could soon become the most valuable real estate in the world.

It represents a chance to turn a $1,000

investment into generational wealth in the years to come.

WELCOME TO DAY ONE INVESTOR

Welcome to Day One Investor. I can’t tell readers how excited I am to launch this new endeavor.

For over half a decade, I have had one mission:

find a way to show normal investors how to invest the way I do, on “day one.” As my longtime readers know, investing in early stage private companies is the best way I know to build generational wealth.

In this research product, we will be building a portfolio of high-quality, private investments.

These are investments in companies that are in their earliest stages of development when the return potential is the highest.

For readers who haven’t done so, I encourage all of you to first read my Day One Manifesto.

Private investing will be new for many of us. And private investing requires a different strategy and mindset compared to investing in public stocks.

The Manifesto will provide some important details about how we should approach today’s investment.

With all that said, let’s learn about our first Day One company.

THE INDUSTRY

As I mentioned above, we face the same type of opportunity Julia Tuttle had back in the 1890s.

But unlike Tuttle, we won’t be able to find this real estate on any traditional map. That’s because it exists in what is known as the “Metaverse.”

This concept is likely new for many. But I can tell you from my own personal experience as an angel investor, this is one of the hottest areas of technology. And it is attracting some of the largest amounts of private capital.

At a high level, a metaverse is a virtual world where people can go and do many of the things they would otherwise do in the real world. Metaverses today have property rights, businesses, live events, and robust economies.

The earliest use case for a metaverse was games. This has evolved into other forms of entertainment like concerts and events. And these virtual events are attracting millions of attendees.

In 2019, the popular musician DJ Marshmello

hosted a concert. But the concert wasn’t at

any traditional music venue. It was held in

the popular video game Fortnite. The virtual

experience brought in ten million users. Since

then, pop star Ariana Grande and rapper Travis

Scott have both hosted concerts on the platform

with similar success.

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The Fortnite Marshmello Concert

Source: Fortnite Insider These virtual worlds allowed users to be

entertained without leaving their homes. And it also lets people have experiences that are simply not possible in the real world. And while virtual concerts are a fun idea, they represent just one use case.

One of the largest misconceptions about the metaverse is that it’s “just a video game.” But that’s simply not true.

As I mentioned above, these worlds have a variety of business ventures, shops, properties, and several entertainment venues. Many even have their own currencies in the form of a native digital asset.

Just as one example, Domino’s Pizza has already opened up shop in a metaverse known as

Decentraland. Hungry users in the metaverse can stop by the Domino’s storefront, place their order, and have a pizza delivered to their front door in real life.

This is not some project that might happen in the future. This is something you can do right now.

Here, we have a real business that literally “set up shop” in the digital Metaverse.

Domino’s Decentraland Storefront

Source: United Metaverse Nation We can refer to these kinds of applications as

“Digi-phizzy.” It’s when an interaction in a metaverse or with a non-fungible token (NFT) crosses the boundary between digital and physical. In the case of Domino’s, the pizza was ordered in a digital world and delivered as a physical object – the pizza of course. In the case of an NFT, the ownership of an NFT can also include the ownership of a physical object.

We should keep in mind that this is just one example. Decentraland has a variety of businesses including NFT museums, casinos, and pay-to-play games.

What makes this possible is that the land these businesses sit on is privately owned. The property rights are represented as a token on the blockchain. In this way, it’s like a land deed.

It is a fascinating use case for blockchain technology. The token itself represents

ownership of digital property. And being able to privately own property makes it more likely for landowners to invest and develop the land.

And just like there are hundreds of cities in

the world to visit, there are already several

metaverses users can visit. Some of the most

popular metaverses today are:

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• Decentraland: Decentraland is a

metaverse divided evenly into a grid. Each coordinate on this grid is called LAND.

Each piece of LAND is the same size and has the same limitations. LAND can be pooled together to create “estates.” The number of LAND is strictly limited and will not increase unless it is voted on by the project’s decentralized, autonomous organization (DAO). The native currency for Decentraland is the digital asset MANA, which can be used to buy and sell goods and services in the metaverse.

• The Sandbox: The Sandbox is a metaverse focused on gaming and creating. Users can create characters, buildings, vehicles, clothing, even weapons that can be sold on a

marketplace and used in the metaverse.

Like Decentraland, Sandbox has its own native currency, the digital asset SAND.

• Somnium Space: Somnium Space is a metaverse focused on virtual reality (VR) experiences. Users can buy and sell properties for gaming, conferences, or other events. One day in the future, perhaps we’ll be able to attend a Brownstone Research subscriber conference in a metaverse like Somnium Space. The cryptocurrency used in

Somnium Space is called Somnium Space Cubes (CUBE).

These are just a few examples of active

metaverses. There are far too many interesting projects for me to detail all of them on these pages. But what I would point out is that this is not a situation where one winner takes all. I expect to see many different metaverses flourish and attract different subsets of users.

For some of us, I know this idea might feel a bit “out there.” And if we are a little skeptical of

metaverse technology, then we should consider what one of the world’s largest technology companies announced just last month.

FACEBOOK’S BIG PIVOT

In the world of high tech, a name change is rarely ever a good sign.

It’s almost always the symptom of a need to reposition a company in an effort to wash away the failures and underperformance of the past. It rarely works.

This is what made Facebook’s announcement in October so interesting. The company announced that it would change its name. Just over a week later, it was official. The company formerly known as “Facebook” became “Meta.”

Facebook certainly didn’t need to reposition its brand due to financial troubles or product problems. Facebook is worth nearly $1 trillion, with almost $120 billion in revenue this year.

Its gross margins are almost 81%, and it will generate $36.5 billion in free cash flow this year.

The company sits on $64 billion in cash and pays no dividend. This is one of the most successful companies in history. So why the pivot?

It’s simple: Facebook understands the potential for the metaverse.

Meta is short for Metaverse. Facebook is trying to claim all of the real estate and be the singular destination – as if there will only be one metaverse. The company will use its new metaverse to collect even more data on its users, which it can then use to generate more targeted advertising revenue.

And here’s the thing: it won’t work.

Where Facebook/Meta is getting it wrong is that

it is applying the same kind of “Web 2.0” logic.

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This “old school” thinking goes along the lines of…

Build the best social media platform (Facebook), best search engine (Google), or best bulletin board (Twitter), and they will all come to use it. Users will provide their data for free, and the platforms will monetize and control 100% of the revenues and profits.

Blockchain-powered “Web 3.0” doesn’t work like that. This new way of doing things is far more focused on building an ecosystem that has built- in monetary incentives for everyone.

And the most successful metaverses will not only incorporate monetary incentives but also be economies in their own right. They are worlds in which we’ll be able to engage in productive activity. Activity that can actually result in

income for those who add value to the metaverse.

And while I don’t have a high opinion of Facebook’s new initiative, we should consider the significance of this. Here we have one of the largest, most powerful, most successful technology companies in the world… And this company has literally gone “all in” on metaverse technology.

And the reason is simple.

Metaverses like the ones I mentioned above are a threat to Facebook.

When we are able to communicate, play, work, and even earn money in a metaverse, what use will we have for Facebook’s products? The company is falling behind on a technology that poses an existential threat to its business. That’s how significant these metaverses are. It’s actually a bit overwhelming to think of how much will change in the years ahead.

And that brings us back to today’s investment opportunity…

The way we will stake our claim in the future of the metaverse is by owning some of the most valuable property – property that is ripe for development.

But as any real estate investor will tell you, it can be time-consuming and difficult to research, purchase, develop, and manage different plots of land. So here’s the best part: We will be able to own metaverse real estate without any of the headaches related to taking possession.

Instead, we can make one simple investment and own a portfolio of metaverse properties. And we can have the help of an experienced team acting as metaverse landlords and developers.

This team also has the experience to add to our portfolio when they spot a great investment opportunity.

Today’s opportunity is Republic’s Realm Metaverse Real Estate.

THE COMPANY

Realm is a company that acquires, manages, develops, and sells digital assets. The digital assets purchased represent digital land in blockchain-based virtual worlds – metaverse.

This company is similar to a real estate

investment trust (REIT), which is an investment vehicle that pools money from investors looking to get exposure to real estate.

These funds own real estate, manage it, and look to generate a return as well as income. They are a popular form of investing. The Internal Revenue Service (IRS) shows more than 1,100 in existence.

But what makes one REIT better than another is

the team behind it. And for us, the team at Realm

is a well-seasoned group of metaverse real estate

investors and blockchain talent.

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Jesse Stein and Janine Yorio serve as the company’s Co-Presidents. Both come from Compound Asset Management, where they acquired diversified residential real estate in various cities across the globe. Their team managed the assets and rental properties for their investors.

Their edge was in using a data-driven strategy to identify optimal properties to acquire. This approach is perfect for the metaverse since it is rich in data.

The team will analyze available data like the number of users over time, foot traffic around various parcels, market price, and in-game spending to help discover the most valuable opportunities. This gives them a leg up over the majority of landowners and buyers who simply don’t have the time or expertise for this analysis.

Prior to joining Compound Asset Management, both were successful entrepreneurs and

executives with professional investing

experience. The unique background of these two makes them an ideal fit for leading a company into the new realm of digital real estate assets.

The team is also led by Andrew Durgee. He is Head of Crypto and Tokenization at Republic Crypto and is best known for being a pioneer in the blockchain industry. His early work involved the development of the first multi-signature wallet repository. He was also previously a partner at a blockchain advisory group called TLDR Global.

Having a talent like Mr. Durgee is a great benefit for the company and another reason the Realm team has an edge. Through the experience of these three, we can already see how they look to grow the value of the company.

And after acquiring assets, the team does not employ a “sit and hold” strategy. Just like Julia

Tuttle helped bring the railroad to Miami, the team focuses on adding value to the land to attract usage.

A great example of this is their Metajuku development.

In Decentraland, the Republic Realm team developed a shopping district. It represents a development spanning 16,000 square feet. Retail stores line the property with an atrium in the center. Users can visit the shops and purchase clothing for their avatar.

Here is a look at the property.

Metajuku Shopping District

Source: Republic Realm

I’d briefly mention that I love the design of this metaverse property. Metajuku was inspired by Harajuku, a real-world and very fashionable shopping district in Tokyo. I’ve been through Harajuku and the surrounding neighborhoods more than a thousand times over the last two decades. That area was within walking distance from where I lived in Tokyo.

The shopping mall represents an interesting use case where the company can lease out storefronts. They can also secure advertising dollars or even host events in the space.

Developing the properties in this way is a great

value add.

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For everyday investors, something like this would likely be impossible to accomplish on our own. That’s what makes this opportunity so exciting. We don’t have to do any of the difficult work. We simply make one investment in this private company, and we incentivize the team to do the work on our behalf.

We literally gain professional land development of the next frontier of assets.

THE OPPORTUNITY

The Republic Realm team is offering shares via a Regulation A+ offering. The amount offered is expected to be $75 million. And the minimum amount to invest is $1,000. The funds themselves go to Republic Realm and will be deployed predominately in two ways.

The first is acquiring digital real estate. We should think of this like getting in at the ground floor of an entirely new universe of real estate just like Tuttle did back in 1891. That was day one for Miami, and this is day one for metaverse assets.

As I mentioned before, the Realm team uses data and their expertise to purchase land. This helps them secure the best price for land while also finding properties likely to attract people and businesses.

Right now, the Realm team owns digital real estate in about nine different metaverses. Below, we can see the portfolio breakdown including the metaverse project, number of parcels, cost basis for these parcels, and current value of the parcels.

As we can see, most of their parcels are in Decentraland and The Sandbox. Realm also owns land in Somnium Space, mentioned above.

And the other metaverses in the portfolio are interesting projects in their own rights.

Axie Infinity is a game built on non-fungible tokens (NFTs) and Axie’s native token AXS.

Players earn AXS tokens as they win battles and accomplish tasks in the game. Axie Infinity is now generating $1.5 billion in annual revenue.

And the AXS token has absolutely exploded.

REPUBLIC REALM’S HOLDINGS

Metaverse # of Parcels Cost Basis Current Value Return on Investment

% of Metaverse Portfolio

Decentraland 294 $1,231,922 $1,894,302 53.77% 16.54%

The Sandbox 1,367 $1,236,809 $5,189,423 319.58% 45.30%

Axie Infinity 91 $816,540 $2,416,785 195.98% 21.10%

CryptoVoxels 55 $445,474 $555,296 24.65% 4.85%

Mirandus 3 $180,132 $180,132 0.00% 1.57%

Somnium Space 20 $138,323 $334,332 141.70% 2.92%

TreeVerse 99 $190,777 $267,112 40.02% 2.33%

EmberSword 6 $509 $3,593 605.89% 0.03%

Other Metaverse

Assets $429,958 $613,816 42.76% 5.36%

Total Portfolio 1,935 $4,670,444 $11,454,790 145.26% 100.00%

Source: republic.co

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The token was priced at $0.60 at the start of the year. As I write, one AXS trades for about $142.

Simply incredible.

TreeVerse is another play-to-earn game, similar to Axie Infinity. It’s what’s known as a massively multiplayer online role-playing game (MMORPG). It features an open world where players can explore and “level up” their character by completing tasks and fighting monsters. Like other metaverses, TreeVerse has plots of land that can be owned and sold on secondary markets.

I’m familiar with each one of these projects. This investment strategy is a perfect way of gaining access to such a rapidly evolving asset class. While Decentraland, The Sandbox, and Axie Infinity have taken early leads in the industry, many more exciting projects are popping up quickly.

Realm has the ability to diversify and gain exposure to anything interesting that is

happening in this space. And the reality is that while there are some early leaders today, I expect we’ll be looking at a very different field in two or three years. So much can happen, which is why gaining exposure to a calculated portfolio is such a great strategy.

Realm is offering shares at what is called Net Asset Value (NAV). That means investors

purchase shares of the company at a value equal to its holdings.

As an example, if the assets held by the company are worth $100 million, and one million shares in the company exist, then the price of one share is equal to $100. This is a great opportunity since we can experience the appreciation of land values without paying above their current value.

In addition to the $11.4 million in metaverse assets held by Republic Realm, the company has

$6 million in other investments. This includes tokens used for the respective metaverse. For

Decentraland, this is MANA. For Sandbox the native token is SAND. The team also holds nearly $3.3 million in cash and cash equivalents along with $6.1 million in other cryptocurrency holdings.

This is just the beginning. This is Day One.

In total, Republic Realm’s NAV is $26.9 million.

This means when the team completes this Regulation A+ offering, they will be able to acquire more assets and execute the second part of the plan… development.

Similar to the shopping mall district the Realm team developed, we can expect similar developments to happen in the future. Having funds from a raise like this gives them the capital needed to make their visions a reality. This would be like investing alongside Julia Tuttle before she lured Henry Flagler and his railroad to Miami.

Put even more simply, we won’t have to do the hard work of hiring developers and contractors to develop the land. Realm does the work for us.

All an investor has to do is provide the capital so Realm can design the features that attract future income. And with their success, we are setting ourselves up for what can become a generational wealth-building opportunity as the metaverse grows in popularity.

OUR DAY ONE INVESTING CHECKLIST

Investing in private companies is unlike any other type of investing. And as such, our method for picking great private investments will be different from finding great public stocks.

I have spent close to three decades as an active

angel investor. I have fine-tuned my own analysis

over the years and deployed my own capital

based on that analysis. And now I’m thrilled

to finally be able to share my private investing

strategy with my subscribers.

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And before I ever make a private investment, I always ask myself a few questions. We will use these exact same questions to evaluate the opportunity with Realm. Here they are.

1. Is This Company Doing Something Truly Unique?

The first question I always ask myself is this: Is this company doing something truly unique? Or is it doing something just slightly better than what already exists? In the case of Realm, the company is absolutely doing something unique and cutting edge.

Realm is a real estate fund unlike any that exists in the world today. And we have the opportunity to invest on “day one.”

2. Is There a Solid Team Behind the Company?

I always have a look at the executive team behind any private company I invest in. I want to know if this company is being led by qualified and talented executives. And as I shared above, we have some heavy hitters in the digital assets and real estate space leading the company.

3. Can The Company Scale?

“Scaling” simply means that the company can grow its business while keeping its overhead costs at a manageable level.

Software companies, as an example, can scale their digital products quickly. In contrast, a law firm charges by billable hours, and most constantly hire new lawyers to handle cases. This can be a drag on the business’s ability to scale.

When it comes to Realm, the question we should ask is this: Can the company continue to expand and develop its holdings while managing its overhead?

For a traditional real estate investment vehicle, this might be difficult. Buying and developing physical real estate is a costly process.

But Realm’s real estate holdings are

entirely digital. They exist in these different metaverses. These properties never need a new coat of paint. They don’t have plumbing to repair. And they never need a new roof put on. Put simply, there is no maintenance needed on metaverse real estate.

And unlike traditional real estate, the costs associated with developing the properties are limited. All it takes is a few talented blockchain engineers and the time spent to complete the projects.

And the fund is also composed of the native cryptocurrencies in these metaverses, as these currencies are often required to transact in these worlds. This is an important dynamic in the investment opportunity for reasons I’ll share below.

Realm’s ability to scale its business quickly and allocate capital into metaverses is what makes Realm such an attractive investment.

After all, when we’re committed to getting in on day one, the earlier we get in the better.

But the kicker is that the value of the digital assets will scale even faster. I’ve never seen the kind of price appreciation in well- chosen assets as I have with metaverses, cryptocurrencies, and associated NFTs.

This is the kind of industry where individual

assets or digital tokens can experience

1,000%+ gains in less than a year,

sometimes far more than that. A perfect

example is the native cryptocurrency used in

Axie Infinity (AXS) which is now up about

24,000% this year alone.

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4. Are We Investing at a Reasonable Valuation?

The next question is important for any investment, public or private. Am I investing at a reasonable valuation?

But unlike many public stocks, many private companies are pre-product and pre-revenue.

This makes sense. After all, these are “day one” companies. Very often, we will have to make a judgment based on incomplete data.

But when it comes to Realm, we can feel confident investing at these levels. As I shared above, we are investing at the value of net assets. By investing at these levels, we are gaining exposure to real estate at the same valuation we would if we purchased it ourselves. Plus, we have the experience and expertise of the Realm team on our side.

What a great setup.

When I review any private investment, the minimum potential appreciation has to be at least 10X – and I am always looking for opportunities that have 100X or more returns. This is one of those opportunities.

It is not at all a stretch to imagine that the net asset value of Realm’s portfolio grows to a multi-billion value over the course of the next few years as metaverses, their native tokens, and NFTs enjoy an explosive period of growth.

Realm is an outstanding investment opportunity operating in one of the hottest areas of

technology. It’s an absolutely perfect way to kick off Day One Investor.

HOW TO INVEST

Realm Metaverse Real Estate company is currently finishing up their paperwork with the Securities Exchange Commission (SEC) in

making their Regulation A+ offering available to the public.

We know this thanks to their preliminary offering circular that was filed with the SEC not too long ago. In the filing, the company plans to make the offering available a few days after they receive the go-ahead from the SEC. And since the company is part of Republic, the offering will be made available on the Republic.co website.

This is a straightforward capital raise under the new and improved Regulation A+ regulatory framework for crowdfunding. It is open and available to all. And there is nothing complex about the way the investment opportunity is structured. It is a fund that will use the capital that it has raised to invest in a specific asset class.

For that reason, I am 100% confident that the SEC approval is forthcoming and everyone will be able to get a seat at the table. It is absolutely critical that Day One Investors reserve their investment as soon as possible.

Right now, Realm is taking the information of everybody who would like to take part in the investment opportunity. This is what’s known as a “testing the waters” campaign. In essence, by participating in this campaign, we will be able to “reserve” our seat at the table at the current valuation.

This is an important part I’d like all investors to understand. Even if the value of Realm’s property increases by the time the Reg A deal goes live, the company allows investors to get in at NAV.

When registering, we can think of this just like a reservation. There is no need to send any funds.

The registration simply puts everything in place so that once the Regulation A+ deal is approved, the company will notify us that it’s time to invest.

When that happens, it will basically be a one-click

process and you’ll be done.

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One warning though – when Republic Realm does give investors the green light, you’ll have to act quickly. Investors that don’t convert their reservation into an investment will lose their seat at the table. Please don’t let that happen. This is not one that you’ll want to miss.

Day One Investors can reserve a spot by going to here.

The document will ask each investor some common background questions. The document will also ask us how much we would like to invest.

Upon filling out the form, we will be on a list of investors that will be notified the moment the offering is open.

I will also notify subscribers of the offering. It is expected to take place very soon and is why I recommend preparing today.

This opportunity represents an ideal setup to find what will become some of the most valuable real estates in the world. This is a perfect way to gain exposure to the very best digital assets in the world of metaverses… with one single investment.

And it is also the smartest investment strategy in such a rapidly emerging asset class.

One final point. This investment opportunity isn’t like most Day One investments that we’ll be making.

Usually, we’ll be investing in a single company, and that means smaller position sizing. For normal Day One investments, my typical

guidance will be around 10–20% of the amount an investor would put into one of my small-cap investment recommendations along the lines of

Exponential Tech Investor.

But in this case, Realm is, by design, diversified.

This reduces the risk of a Day One investment significantly. That’s another reason why this is such a fantastic investment opportunity.

Because of this, investors can take a full

investment position as if they were investing in the kinds of large-cap high-growth stocks that I recommend in The Near Future Report. I don’t say this lightly, and this will be rare for us to do in Day One Investor, but I have been working extremely hard for the last six months to find an incredible investment opportunity for us to launch Day One Investor with – and Realm is it.

Please don’t miss this chance. I know that this will be a very hot investment opportunity, and there is no way for me to know how quickly it will fill up, so let’s not chance it.

Make a reservation as quickly as possible, convert to an investment the moment Realm gets its approval, and then hold on to your seats for an incredible ride.

Action to Take: I recommend investors register their interest with Realm Metaverse Real Estate by going right here. The minimum investment is

$1,000.

Regards, Jeff Brown

Editor, Day One Investor

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Risk Management

Due to the nature of this investment, there will be no stop loss. I always encourage readers to use rational position sizing. That means we should only invest an amount that is appropriate given our portfolio size and tolerance for risk. Each investor is responsible for determining what a proper position size is given their individual circumstances. And remember, I never recommend anybody go “all in” on any one investment.

Investing in private offerings is different from investing in public equities. Upon making an investment, we will not be able to exit our position. Private investments can remain illiquid for extended periods of time. That means investors should only invest capital that they can afford to be without as our investment thesis plays out.

If you have questions regarding this investment, please contact the team at Republic. The customer service representatives of Brownstone Research will be unable to answer your questions regarding this investment as we do not have any business connection with Republic.

Finally, the role of Brownstone Research is that of a publisher of investment research. We are not associated with Republic or Realm Metaverse Real Estate in any way. And we never receive financial compensation for any recommendations we make. As an analyst, I provide general recommendations and guidance only for the benefit of my subscribers.

To contact us, call toll free Domestic/International: 1-888-512-0726, Mon-Fri: 9am-5pm ET or email memberservices@brownstoneresearch.com.

© 2021 Brownstone Research, 55 NE 5th Avenue, Delray Beach, FL 33483. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher.

Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation—we are not financial advisors nor do we give personalized advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information.

Recommendations in Brownstone Research publications should be made only after consulting with your advisor and only after reviewing the prospectus or financial statements of the company in question. You shouldn’t make any decision based solely on what you read here.

Brownstone Research writers and publications do not take compensation in any form for covering those securities or commodities.

Brownstone Research expressly forbids its writers from owning or having an interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Brownstone Research and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed.

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References

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