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- 🛩️ The US seized Maduro's private jet
🛩️ The US seized Maduro's private jet
🤡 And Bolt's CEO continues embarassing himself.
Wyatt from Alts
03 Sep
Did you know you can invest in mineral rights? You can invest in mineral rights.
Build value from the ground up ⛏️
Phoenix Capital Group specializes in oil, gas & mineral rights acquisition, and investment.
Investors can purchase 9-13% annual interest bonds from Phoenix Capital Group. Interest is paid monthly, and compounding is available to maximize potential returns.
While Phoenix is a relatively young company compared to say, Chevron or BP, they are one of the fastest-growing privately held companies in oil and gas. 4,500+ investors have received $50 million+ in interest payments.
How it works:
Phoenix sells fixed-rate investment bonds for those who want to get into the space or are looking for passive income.
These bonds offer monthly payments with a fixed rate of return. You can opt for compounding interest, and invest using your IRA.
They use capital from the bonds to pursue accretive assets (i.e., mineral rights)
These assets fall into 3 categories: Royalty assets, Non-operated working interest assets, and Phoenix Operating Company (where Phoenix performs oil and gas development)
Anyone in the US can invest. There are options for both accredited and non-accredited investors.
(There's currently a waitlist for non-accredited investors, but accredited folks can start with $25,000 minimum investments)
📰 Market Headlines
Markets closed August on a high note, with investors shifting their focus to Friday’s August jobs report.
The S&P 500 gained 2.3% in August, marking its fourth straight winning month, while the Dow hit an all-time high.
Friday's jobs report is expected to show 163,000 jobs added, with unemployment at 4.2%.
Vice President Kamala Harris and Former President Donald Trump have raised nearly $1 billion for the final phase of the 2024 campaign.
The US seized a plane used by Venezuelan President Nicolas Maduro after determining its purchase violated US sanctions.
Brazil's Supreme Court upheld a ban on Elon Musk's social media platform X nationwide.
Starlink has refused to comply with the court order.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“Wishful thinking, maybe”
🧠 What do you think?
In 2024, the first day of autumn is |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Another week of earnings. Here’s who to look out for:
Market movers
California's AI bill SB 1047 passed final votes and now awaits Governor Newsom's decision by September 30.
Bolt CEO threatened legal action against Silverbear Capital over a disputed $200 million investment commitment.
WazirX customers are unlikely to recover full funds after the $234 million hack, with at least 43% likely lost.
CrowdStrike has faced mounting lawsuits over its faulty software update, including a $500 million claim from Delta Airlines.
ByteDance tapped banks for a $9.5 billion loan, the largest dollar-denominated corporate facility in Asia ex-Japan.
Bluesky topped app charts in Brazil, gaining 500,000 new users in two days after X's ban.
Amazon hired Covariant's founders and a quarter of its staff, licensing the startup's robotic AI models.
HP continued its $4 billion damages case against Mike Lynch's estate over the Autonomy acquisition.
Ideas, trends, and analysis
EV adoption has progressed slower than anticipated, with JD Power revising its 2024 EV sales projection down to 9% of total vehicles sold from 12%.
The US moving rate plummeted to a record low of 8.7% in 2022, down from nearly 20% in the 1960s.
The gender gap in semiconductor companies widened, with women holding less than 10% of technical director roles and under 5% of technical executive positions.
🌍 Global Perspectives
🇻🇪 Venezuela's newest news agency deployed AI anchors to protect journalists amid a government crackdown that has arrested at least ten reporters since mid-June.
🇺🇸 🇷🇺 US researchers identified the probable deployment site of Russia's new nuclear-powered "Burevestnik" cruise missile.
🇮🇱 Israeli protesters launched a second day of strikes and demonstrations to demand a hostage deal with Hamas after six more captives were found dead in Gaza.
🇺🇦 🇲🇳 Ukraine criticized Mongolia for failing to arrest visiting Russian President Putin, who is wanted on an international warrant.
🇸🇦 🇵🇦 Two oil tankers were attacked in the Red Sea off Yemen's coast, with the Houthi rebels claiming responsibility.
🇻🇦 Pope Francis departed Rome for a 12-day tour across Southeast Asia.
📊 Crypto
Bitcoin slid 10.25% in August, its worst month since April.
Crypto ETFs accounted for over half of all US ETF launches in 2024.
Monthly DeFi protocol fees dropped 24.4% to $288 million in August, hitting the lowest point since February.
Vitalik Buterin proposed a new "glue and coprocessor" computational model to enhance efficiency across blockchain, AI, and cryptography.
Japanese investment firm Metaplanet partnered with SBI VC Trade for Bitcoin custody, allowing potential use of BTC as collateral for financing.
Quidax became Nigeria's first SEC-licensed crypto exchange.
🧠 Errata
Michelin-starred restaurants have begun serving up orange mold grown on food waste because that’s luxurious, apparently.
Pedro Almodóvar's "The Room Next Door" earned an 18-minute standing ovation at the Venice Film Festival.
The ultra swimmer dubbed "The Shark" announced his plans to cross Lake Michigan again, aiming for an 80-mile, 72-hour journey.
📺 What to Watch Today
Check out his last attempt and track his progress here.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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