The best business to start

Hey friends,

I have spent a lot of time contemplating starting a newsletter, pondering what to write, how to position myself, and even which language to use. Being from Hong Kong where bilingualism is common, the struggle arises on whether to use Chinese or English as the primary language. After much consideration, I have finally made a decision. My newsletter will be called "Road to 10M," documenting my journey from 0 to 10M (whether it be USD or subscribers, let your imagination run wild).

In my entrepreneurial journey, I have tried various endeavors (more details to come). I discovered that as a beginner, the best business model is a service-based business. This is because, in most cases, you may not have the capital to purchase goods, place ads, or have a margin for error. A service-based business allows you to trade your time and skills for money.

In my case, I started a digital marketing agency as my first step into the business world. I assist small businesses in designing websites, managing their social media accounts, and occasionally providing simple graphic design work. This quickly helped me build a network of business contacts since most of my clients were business owners or decision-makers. If you do a great job, they will refer you to their friends, and that's how my journey began.

Although starting a service-based business in B2B marketing is an excellent entry point into entrepreneurship, it can come with its challenges. In my second year, I began to feel burnt out as every client became my boss. I had to report to numerous people, and I felt more exhausted than when working a full-time job. It was during this time that I realized it was time to pivot. With sufficient experience and a network, I became capable of taking my business to the next level or building my own team.

But that's another story.

Ariel

🔎 My Offers

Zyro - the simplest no-code web design software, get 3 months of Zyro for free by using my link.

iHerb - where I purchase my daily supplement, 10% off for new customers, 5% off for existing customers.

❤️️ My Favourite Things

☕️ Cafe - Project C. This is by far my favourite coffee place in Causway Bay, Hong Kong. I wish you guys call have a try.

📈 My Monthly Dividend Portfilo

Stocks fluctuate, rising and falling, and the decision to buy or sell is often influenced by these changes. However, amidst this dynamic environment, there is one asset that I am determined never to sell. My goal is to accumulate as much as I can in this monthly dividend portfolio. When I receive the dividend payout reflected in my statement each month, the emotional experience is unparalleled. It instills in me the unwavering resolve to hold onto these investments indefinitely. Below are the holdings within this portfolio that contribute to this special feeling of long-term commitment and financial security.

• O - TTM Yield 5.06%

  • The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients.

• QYLD - TTM Yield 8.74%

  • The fund invests primarily in the securities of the underlying index, which is the CBOE NASDAQ-100® BuyWrite Index. This index represents a theoretical portfolio that holds stocks from the NASDAQ-100® Index and sells one-month at-the-money covered call options. The goal is to generate income from option premiums.

• USOI - TTM Yield 27.40%

  • The Index uses a "covered call" strategy with USO shares, selling out-of-the-money call options monthly. Premiums received are distributed at the end of each month.

• TSLY - TTM Yield 45.42%

  • The fund will continue to follow its investment strategy for TSLA regardless of challenging market or economic conditions. It will not adopt a defensive approach during such periods. To achieve its investment objective, the fund will use a strategy called "synthetic covered call." This strategy involves using standardized exchange-traded and FLEX options.

• SVOL - TTM Yield 16.88%

  • To achieve its investment objective, the fund primarily trades futures contracts, call options, and put options on VIX futures. Additionally, the fund holds cash, cash-like instruments, or high-quality fixed income securities.

• PTY - TTM Yield 10.19%

  • The fund invests in corporate debt obligations that fall within the lowest investment grade (Baa or BBB) and the highest non-investment grade (Ba or BB) categories. It primarily focuses on intermediate maturity bonds across various industries and sectors.

• TLT - TTM Yield 3.20%

  • The fund invests 80% of its assets in the underlying index's component securities and 90% of its assets in U.S. Treasury securities to track the index. The index represents long-term U.S. Treasury obligations.

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