After $5 million of investment cryptography brisbane’s woman plans to retire.
She’s only 36, but a portfolio worth billions has been established, largely on the crypto-monetary side. She soon looks away from retirement.
Includes crypto-currency projects like bitcoin, litecoin, and etherium — Mimi Ho boasts a portfolio of $5 million and plans to withdraw within the next five to ten years.
Long before it was daily headlines and prizes dropped off the back of the milliardaire Elon musk, the Brisbane woman went into the crypto game.
Nine years ago, the 36-year-old began investing as a hobby, even when she was ready to put a coin behind it.
She started investing at $10,000 and continued to make use of her profits to make seven numbers of her portfolio.
She was part owner of an IT company when she first started, but she said that she was now turning more money over when she runs the company.
Ms. Ho said that she thinks crypto is the future, and to date has been her best investment.
She invested in obvious players, but bought other cryptocurrencies such as tezos, EOS, binance and MIOTA as well.
“I believe that our current conventional financial systems are defective and this has been demonstrated over and over as each recession strikes us. I am therefore confident and enthusiastic about the technology and purpose behind cryptography and strongly believe that many of the problems we face today will be solved. Crypto, I believe, is without doubt the way to the future.
“I was never worried about the risks involved, because I think there is an element of risk to investment in anything, whether it is to open your own company or to invest in another class of assets.”
The UK Finance Authority has warned that if they invest in cryptocurrency, people should be willing to lose all of their money.
Governor Andrew bailey of the Bank of England resonated with the same sentiment, taking a powerful swip on investors of crypto-currency warning that punters are willing to lose their website.
The Dream to Live
Ms Ho’s website has funded what many people dream of – a lifestyle of jetsetsetting, where she has spent the last six years living in over 15 countries.
“At the beginning of my journey, I ensured that my portfolio was built well below my means. Some of the profits I made have financed my lifestyles of travel and enabled me to give those in need back,” she said.
“I’ve been allowed to work with animal welfare organisations, assist in rehabilitating and rehabilitating street animals, to educate poor children in English throughout Asia. Investing in inventory and cryptoassets has made me flexible and fully free to focus my passions.”
But she’s returned home to Brisbane with time with my family since she hit COVID-19.
“In order to finally retire in the next 5 to 10 years I have been focused on saving my investment profit and working hard to construct my portfolo,” she said.
“I plan to begin my next global voyage when the pandemic is over and I want to focus as my next temporary home on Europe and South America.”
How she did the big dollars
How, then, did she make a fortune, given warnings about the great risks of cryptocurrency investment?
Psychological factors affect the cryptoasset market greatly, she said, but her approach is the use of a feeling of marketing by buying and selling in times of fear.
“There is still a volatile crypto market, but over time this is declining,” she said. “We have started witnessing mainstream acceptance as well as institutional investors flows over the last 12 months. That alone will further stabilize the market.”
She has also invested in tech equipment in China and the US.
‘In terms of inventory, I’m trying to invest in complimentary cryptoasset sector companies like PayPal, Square, the Advanced Micro Devices (AMD), the NVIDIA Corporation, and also crypto-investing agencies like Tesla.’
Gen Zs and Millennials
Ms Ho believes that investment is one of the cleverest choices to make, and recommends this especially to millennials and Gen Zs.
“You can make a return on investment by simply placing your money in the bank,” she said.
“I suggest that you start with a small capital stock and never invest more than you can afford to lose. Always carry out your own research, do a little money or use a demo account and get guidance from the most experienced on the field.”
Ms Ho uses eToro investment platform and is even established to allow retail investors to copy their business.
But for her millions, philanthropy is the main goal.
“The ultimate aim is to open my own animal shelter, orphanage or educational center for poor people and to finance these organizations comfortably by means of the income generated from the stock market,” she added.
