Why I Would Put 1% Of My Net Worth In Bitcoin…

should i buy bitcoin

Let me start by saying that I am not a bitcoin enthusiast, advocate or even a follower.  At this time I am an observer, at best.

I don’t know if bitcoin – or any other cryptocurrency – will still exist in the next ten years.

I do, however, keep my eye on the price of bitcoin at least a few times a week.

What intrigues me about bitcoin is that it is absolutely hated right now, and no one is talking about it.  History has taught me that you have to pay attention when an asset class goes from boom to bust the way cryptocurrencies have.  Sometimes the asset class makes a resurgence, like internet stocks, and sometimes it doesn’t, like telecom stocks, during the tech and telecom boom and bust.

I have no idea which way bitcoin will go.  But the fact that it has been left for dead makes it a very intriguing investment.  I do not think there will be a middle ground regarding bitcoin’s success or demise – it will either be a huge success or fade into oblivion, perhaps being replaced by something else.

Although the downside to bitcoin is zero, its upside in my opinion is unlimited.  For that reason alone I would have no problem putting no more than 1% of net worth in bitcoin.

*  The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you. *

How To Make 140 Times Your Money!

investing

Last week I was listening to a story on one of my favorite podcasts.

The host of the show was telling a story of how his father bought $50 worth of stock for him when he was 14, roughly 30 to 35 years ago.

What’s fascinating about this story is that he hadn’t known his father had purchased this stock until recently.  His older brother was going through some old documents, and stumbled upon a brokerage statement that named him the beneficiary of these shares.

When he read the statement, he saw that the cost basis, which is the amount that was initially invested in the stock was $50.  He was blown away at the balance of the account after all these years, which was $7000!

The name of the company his father invested in is Exxon Mobil (NYSE: XOM).

The return on that $50 is 140 times his father’s initial investment.

This is absolutely phenomenal!

Investing is quite simple in this regard…

Find a great company to invest in, and never sell the stock over the course of decades.

*  The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you. *

 

 

Shop the Sales Today!

Big sale advertisement

Good morning Joes and Janes!  I hope 2019 is starting off well for all of you.

As you know, if you go to any department store right now, you can score great prices on holiday items for next year.  I know people whose entire Christmas getup (cards, decorations, wrap, and all the rest) is purchased in this way.

Smart move!

Guess what else is on sale right now at incredible discounts?  Stocks!

I wrote a post last February in which I talked about this.  I will quote a bit from it here.

Isn’t it strange?  When electronic items go on sale, we run to the store.  When designer label prices get slashed, we can’t wait to take advantage of the lower prices. That jacket or fancy handbag by a top-notch designer…Girl, you better buy it now, because that price will not be there tomorrow!  We love getting a great deal on most things in life…except for stocks.

It’s fascinating: stocks are one of the few items we like to buy high, and get very nervous about buying when they go on sale!  There is something about watching equity prices fall that psychologically causes us to run away, rather than look toward what companies we’d like to buy.

Investors are selling off stocks and leaving the market like crazy right now, when what they really should be doing is buying more!

You see, times like this are where the real money is made.  Many investors get very nervous and are more likely to become sellers, rather than buyers, in times like these.  As difficult as it may be, the buyer mindset is exactly what you need to adopt.  Instead of being nervous, you should get excited. You may now, after all these months, get the chance to buy shares in great companies at much lower prices!

Remember, the market’s direction has been up over time.  Look at all the reasons there could have been to sell since 1950.

Imagine how wealthy you’d be had you held on through all of that!

Keep buying, keep holding.  The sale is on!

*  The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you. *

My Top Stock Pick For 2019!

invitae stock

My top stock pick for 2019 is a company called Invitae (NYSE: NVTA).

Invitae is one of the leaders in molecular diagnostic testing.

What this means in plain English: through your primary care physician, you can have your entire genome sequenced to determine which diseases you are at high risk of developing.

Invitae is a small company with a market cap of $879 million.

Its mission is to bring comprehensive genetic information into mainstream medicine to improve health care for billions of people.

Invitae wants to aggregate the world’s genetic tests into a single service with higher quality, faster turnaround time, and lower cost.

Invitae’s growth has been off the charts.  In the 3rd quarter of 2018, the company reported an increase in revenue of 106%, driven by 95% increase in volume.

Invitae ended 2018 up 40%, which was great given the carnage the market experienced the last 3 months of the year.

Genomics will play a huge part in in the future of health care.  And Invitae will be one of its leaders.

Invitae is not for the faint of heart, because it can be very volatile.  However – it is a stock with tremendous growth potential that you should definitely watch.

Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock.  Rather, it is presented for readers’ education and consideration when making their own investment decisions.  The author is long NVTA.

*  The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you. *