Like A Lottery – But With Better Odds!

Good morning!

For the past couple of weeks, I have debated whether or not I should talk about my personal investment decision regarding cryptocurrencies.

I am a stock guy first and foremost. I believe the stock market is the best path to building wealth, period. (I was going to say “for the average person” – but it’s the best path for everyone.)

That being said, I have been an observer and researcher of cryptocurrencies since I first learned about them in 2017.

I saw bitcoin move from $1299, to eventually $19,900, then back to $3090.

After watching bitcoin these past two years, I have come to the conclusion that it may very well be here to stay.

Think about the history of technological breakthroughs. At the end of every decade, there has been a new technology that has emerged, giving us a glimpse of the future. Those of us paying attention were able to capitalize and make a fortune:

Year Technological Breakthrough
1978 Apple
1986 Microsoft
1995 Amazon
2007 Mobile
2015 Cryptocurrencies

I know that cryptocurrencies were around long before 2015, but the point in which the general public becomes aware is the point I’m most interested in.

I think bitcoin may be the very beginning of a trend that could potentially dwarf the return you get from owning stocks.

I know that may sound crazy!

But every new trend accelerates growth by creating more value than the previous trend in less time.

My personal investment approach regarding crypto is to allocate 1% of my investments to it. That way only a small percentage of my net worth is tied to bitcoin.

Cryptocurrencies are risky – but may be a glimpse into the future of money.

I am not sure how things will play out.

But the potential is enormous.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page. 

(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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Self-Driving Cars, 2019

One of my favorite activities is getting behind the wheel of the car for a long road trip.  I love the scenery, and on a beautiful sunny day only a walk on a beach in Maui is more beautiful.

However…we are at the dawn of cars that can drive themselves.

Most people still believe this is science fiction, and that we are at least 20 to 25 years away from fully autonomous vehicles.

The fact is, though, that we are less than a year away from fully autonomous vehicles being rolled out for people to ride in in 2019.

Here’s some great research from ARK Investment.  They do a fantastic job in their coverage of disruptive technology.  I hope you enjoy the article.  Please share your comments!

https://ark-invest.com/research/autonomous-vehicle-adoption-forecast

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)