Five bullet Friday - issue #116

    Our portfolio performed well beyond my expectations in the month of October. I am expecting a growth upwards of 85% for October month.  Some of you remember the bear market blues from last year when we dropped by 50% in just one month. I am expecting the statements and distributions to be sent out next week.

1. In view of the fund's performance in the last 3 months, I recommend those investors who made 3-4 times their original investment to lock in their gains into Carbon Offset bonds (COB). Berkshire Hathaway has the best long-term track record for public companies. It produced a compounded annual return of 20.6% vs 9.6% for the S&P 500 in the period 1965-2018. This is the track record of the best investor that we know of. If someone has received 300 to 400% returns, in a period of less than a year the prudent thing to do is to lock your gains.

2. Carbon offset bonds essentially convert 100% of investors' capital into carbon offsets that are verified by Verra standard. When you purchase any bonds of an industrial conglomerate like General Electric, they are collateralized by assets like plants, land, and other assets of the corporation. Most of those assets are depreciating in nature. In contrast, in the case of COB, the collateral that backs these bonds is destined to go higher. Even today, many carbon offsets are being sold via off-chain brokers at  $40 to $50, while on-chain is going at $6.

3. All the governments, NGOs, and many for-profit companies want the carbon offset prices to go up. If we collectively fail to achieve that goal, it will have catastrophic consequences for planet earth. This makes Carbon offset bonds the most risk-free investment I can ever think of. Your collateral is backed by carbon offsets and it gives you 18% interest on a monthly basis. You save the planet's climate crisis and earn 18% interest.

4. Verra currently has 805 Million carbon offsets available for sale. RCIF is planning to purchase a big portion of these offsets from Verra and convert them to ERC20 token Base Carbon Tons. Every day humanity collectively sends 110 million tons of CO2 per day into our atmosphere. In the last two weeks, KLIMA purchased 10 million tons of carbon offsets and acquired a treasury of $100 million. It is impressive because this is achieved without the help of any government or for-profit companies. This was manifested by autonomous and unstoppable code, which is only going to accelerate from here.

5. So far the staking percentage rate I see in KLIMA still amazes me. It is currently close to 99.2%. It amazes me because it is impossible to get this kind of consensus from a disjoint group of individuals that are spread across the world. How perfectly are the incentives aligned that 99.2% of the 40,0000 wallet holders are busy staking? The staking percentage I see with other projects is mostly in the range of 10 to 40%.

Ravi Avadhanam was recently showcasing our RCIF booth at the New Jersey AAPI ( American Association of Physicians of Indian origin) convention. This week I am travelling to Washington D.C to attend Washington and Maryland AAPI convention. I will be presenting our fund to a group of physicians. We will also be hosting our booth. Please stop by at our booth. If you are in the Washington D.C area this weekend and like to meet me, please let me or Ravi know. 

Have a wonderful weekend!

Sam Ikkurty