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ByteTree Track Records in 2024

ByteTree Track Records in 2024

We are pleased to inform our clients of the updated track records for the services offered at ByteTree in 2024 and discuss the portfolios and the outlook for this year. Key Points * The biggest stocks were the best performers, something we rarely see. They were US-based companies, and they drove

BOLD: 2024 in Review

BOLD: 2024 in Review

ByteTree BOLD Index Monthly Rebalancing Report; Following rebalancing on 30th December 2024, the new target weights for the BOLD Index are 24.5% Bitcoin and 75.5% Gold, a 0.5% increase for Gold over the previous month. The 21Shares ByteTree BOLD ETP (BOLD) invests in Bitcoin and Gold. BOLD

Value Investing: Introducing Cash Flow

Value Investing: Introducing Cash Flow

My Journey in Finance; Following on from book value, I move on to cash flow (CF), free cash flow (FCF), and free cash flow yield (FCF yield). According to the accounting software company Xero, “Cash flow refers to the money that flows in and out of your business within a

Value Investing: Introducing Book Value

Value Investing: Introducing Book Value

My Journey in Finance; Following on from the enterprise value-to-sales ratio (EVS), we move to book value (BV), the price-to-book ratio (PBK) and book value per share (BVPS). BV looks at a company’s net assets, i.e. the assets less the liabilities. It is most useful for asset-heavy companies,

Buy Only the Very Best

Buy Only the Very Best

2024 surprised with political upheavals, market twists, and global resilience despite Fed tightening. The U.S. economy defied slowdown expectations, driven by strong job markets and easing inflation. Equities performed well, while bonds lagged, and gold surged alongside U.S. equities. The AAA Model delivered a 12% return, outperforming its

Happy Christmas from the Fed

Happy Christmas from the Fed

I made some comments in yesterday’s ByteFolio, where we cover Bitcoin and crypto. For those unaware, the first part each week has a few comments on Bitcoin and is free to read. The rest of it is premium and covers crypto tokens. I would encourage readers interested in Bitcoin

A Very Macro Christmas

A Very Macro Christmas

ByteFolio Issue 139; 💡This issue covers Bitcoin (BTC), THORChain (RUNE), Solana (SOL), Avalanche (AVAX), Near (NEAR), Arweave (AR), Stacks (STX) and TRON (TRX). The US dollar is surging, driven by a hawkish Fed. US Dollar Index Behind that move is a message from the Fed that while they cut interest