Blog Archive: July 2024

Recently, I had an interesting conversation with a business associate about leveraging investments in real estate and Bitcoin. He offered me an opportunity to purchase an apartment in Tbilisi using a bank loan with a 10-year term, requiring a 30% down payment. This essentially creates a leverage ratio of 3x. The idea…

As June came to an end, our family embarked on a journey from Tbilisi to Latvia, skipping Renee's school year for the last week and focus on our frame house project. Here's a glimpse into our busy but rewarding time working on the house.We left Tbilisi with excitement and anticipation, knowing that a lot of work…

Yesterday, I had the pleasure of attending a delightful wine-tasting event organized by my American friend, Colin. The evening was set in the charming ambiance of a wine gallery located at Irakli Abashidze 64. The event brought together a vibrant mix of expatriates from various industries, predominantly startups and…

In the first quarter of 2024, the average nominal monthly salary in Georgia was 1,943.4 GEL. This figure includes income tax, meaning the net salary (take-home pay) is 20% less.Compared to the same period last year, there was an increase of 226.8 GEL, or 13.2%. However, this is a decrease of 101 GEL compared to the…

Investing often carries a deeply personal significance, intertwining our financial aspirations with our cherished memories and family legacies. For me, the decision to invest in Philip Morris (PM) stock is not merely a strategic financial move but also a heartfelt tribute to my grandfather. According to family lore,…

At the end of June 2024, the total value of our stock portfolio was USD 9,173 (EUR 8,431). What is a small, but increase of EUR 226, if compared to the previous monthMost of the June we spent in Georgia, enjoying Summer, taking part in trail runs, while at the end of June we traveled to Latvia to work with our frame…

As the warmth of summer envelops the Baltic region, there’s no better way to experience its charm than by embarking on a journey through the scenic landscapes of Latvia. This year, we invite you to join us on an unforgettable adventure in our latest film, "The Great Latvia Summer 2024." From the bustling streets of…

As the CEO and Founder of TerraMatris Crypto Hedge Fund, I've often contemplated the potential of cryptocurrencies, especially Bitcoin, in various investment avenues. Recently, I received a proposal involving the use of leverage to purchase an apartment in Tbilisi using our hedge fund as collateral. This intriguing…