Publicado en finanzas

The Age of Entrepreneurship

In today’s new world, there are only two options: increase your financial education and learn to create your own wealth, or become poorer and poorer and rely on the government and the rich to take care of you.

We have now experienced a major turning point in the history of mankind. The days of going to school, getting a safe secure job, and investing for the long-term are long gone.

We are in a new age—the age of entrepreneurship. Today, the barrier to entry to entrepreneurship is almost non-existent. But to heed the opportunities available to everyone it requires a brand new mindset—the mindset of an entrepreneur.

In fact, mindset most often is the dividing line between those who are successful in life and those who are not. Listen as hosts Robert and Kim Kiyosaki and guest Guy Kawasaki discuss why now—a time of great change—is a time of great opportunities for entrepreneurs in the post-coronavirus economy.

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Publicado en finanzas

2 books Warren Buffett recommends reading now

Legendary investor Warren Buffett gave a mini history lesson during the Berkshire Hathaway annual shareholders meeting on Saturday, which was held virtually from Omaha, Nebraska.

«Nothing can basically stop America,» not even the coronavirus pandemic, he said. «The American miracle, the American magic has always prevailed and it will do so again.»

As Buffett reflected on previous life-changing events from World War II to the Cuban Missile Crisis to 9/11 and the 2008 financial crisis, the Berkshire Hathaway chairman also recommended two historical books.

Buffett has always been an avid reader and has recommended that young people read every day, because knowledge «builds up, like compound interest,» he said while speaking to a group of MBA students at Columbia Business School in 2000.

Here’s Buffett’s suggested reading.

The Great Crash, 1929 by John Kenneth Galbraith (1988-04-08)

During the shareholders meeting, Buffett spoke of times of great uncertainty in American history, including the stock market crash of 1929 that led to the Great Depression.

For those interested in learning more about this time period, he recommended the 1955 book, «The Great Crash of 1929» by John Kenneth Galbraith.

«There’s a great book about it called ‘The Great Crash’ by John Kenneth Galbraith,» he said during the meeting on Saturday. It’s «a wonderful book.»

In the book, Galbraith examines the 1929 financial collapse, including what led to it, how it led to the Great Depression and what could be learned from it.

(Buffett also told a lighter personal story about the crash and his dad, who was 26 in 1929 and sold stocks. «I think [what]** **my dad probably liked to do was, they say now, ‘shelter in place,’ which means stay at home,» he said. «And there really wasn’t that much in our house. So under those conditions, I was born about nine months later,» Buffett, whose birthdate is August 30, 1930, said.)

Keeping At It: The Quest for Sound Money and Good Government

At the shareholders meeting, Buffett also spoke about the Federal Reserve System and the role it has played in the economy.

He praised in particular, the late Paul Volcker, who served as the chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan.

«I’ve always had Paul Volcker up on a special place, special pedestal in terms of Federal Reserve chairmen over the years. We’ve had a lot of very good Fed chairmen, but Paul Volcker, I had him at the top of the list,» Buffett said.

And Buffett recommended Volcker’s 2018 book, «Keeping At It: The Quest for Sound Money and Good Government,» during the meeting on Saturday.

«Not much before [Volcker] died, he wrote a book called ‘Keeping At It,'» Buffett said. «I think you’ll enjoy reading that book.»

The book is a memoir, sharing Volcker’s time as chairman of the Fed from 1979 to 1987. It shares a timeline of Volcker’s long career, including his legacy of breaking inflation with high interest rates as Fed chief in the 1980s.

«Paul Volcker was a giant in many ways,» Buffett said, referring to not only Volcker’s huge impact, but his tall stature. (Volcker was 6-foot-7.)

In addition to recommending the books, Buffett gave a shout out to his local bookstore: «If you buy any books that come out of anything I recommend, think about [purchasing through the] Bookworm [book store] in Omaha,» he said

Origen: 2 books Warren Buffett recommends reading now

Publicado en finanzas

The Bitcoin Secret Your Financial Advisor Won’t Tell You

If you have a financial advisor, you’ll probably want to fire them after you read this.

You see, many Wall Street firms won’t tell you the truth about Bitcoin — at least, not yet.

Merrill Lynch, Morgan Stanley, and JPMorgan ban their financial advisors from talking about Bitcoin. Wells Fargo advisors can only hand out research «primers» on Bitcoin — and only if their clients ask about it.

These bigwigs are hiding behind something called «fiduciary responsibility.» It’s just a fancy way of saying they must act in their clients’ best interest.

Sure, advisors should protect the best interests of their clients. But here’s the ugly truth…

These corporate shills won’t tell you about Bitcoin because there’s nothing in it for them.

Wall Street won’t do anything unless it gets paid for it. But as soon as it figures out how to rip you off, you’ll be the first to know.

That’s why Teeka left Wall Street to write newsletters. He’s not beholden to corporate interest and can do his own independent research — and bring you his best ideas.

Now Teeka is revealing one of the biggest secrets Wall Street is keeping from you — and why he thinks you need to act before the big banks and brokerage houses come into this space.

The Big Secret It’s Hiding

According to a study by Bitwise Asset Management, Bitcoin can boost the performance of your portfolio while lowering its overall volatility.

For instance, adding a 5% allocation of Bitcoin to a standard 60/40 portfolio mix of stocks and bonds boosted overall returns by 50% — without increasing your risk.

Even if you dipped your toes in crypto with just a 1% allocation during the 2018 Crypto Winter… you would’ve still outperformed the 60/40 model, while also reducing volatility.

Now, you might be wondering how that’s possible, especially when crypto got annihilated from December 2017 through December 2018.

The answer lies in Bitcoin’s characteristics…
 

  • Low Correlation: Bitcoin moves independently of the stock market and other assets. So no matter what happens to equities, gold, bonds, etc., it won’t affect Bitcoin. This helps smooth out volatility.
  • New Asset Class: Much like tech stocks in the 1990s, crypto is still a small market with huge upside. In fact, Bitcoin’s market cap is just $180 billion… a drop in the bucket compared to the trillions of dollars in gold and equities markets.
  • Liquidity: Investments with high upside (like micro-cap stocks, private equity, and rare collectibles) can be difficult — if not impossible — to buy or sell. Bitcoin’s daily trading volume is in the billions. So it’s easy to trade.

 

Here’s the thing: Your financial advisor already knows all of this. To me, it borders on criminal negligence that they still won’t tell you about it.

But mark my words… As soon as they can charge you for it, they will.

Show Me the Money

Fees are the lifeblood of Wall Street. It’s estimated that financial firms rake in about $439 billion per year from fund management fees alone.

This is Wall Street’s gravy train. These firms make it simpler for millions of people to buy financial products. Then, they charge billions in fees for making them available.

But this gravy is drying up…

Over the last decade, Wall Street profits from managed funds and security products have decreased by about 24%.

So they’ll soon turn to crypto financial products as a new revenue source. They’re just waiting for the regulatory environment to open up.

And we’re seeing that unfold now.

Last November, Fidelity Investments — the fourth-largest U.S. asset manager — received approval in New York to begin offering crypto trading and custody to its clients in the state.

Plus, giant companies such as NYSE parent company Intercontinental Exchange (ICE), Nasdaq, and TD Ameritrade are all beginning to roll out their own crypto platforms, too.

Here’s why that’s important…

Morgan Stanley expects the traditional 60/40 portfolio model to return only 2.8% per year over the next 10 years.

With lackluster returns like that, you can bet the farm financial advisors will be begging to pitch Bitcoin to their clients. And they’ll charge you a pretty penny for that privilege.

That’s why it’s so important you add some Bitcoin exposure today. Remember, you just need a small amount — even a 1% allocation — to boost the performance of your portfolio.

Friends, when Wall Street finally finds a way to easily bring this asset class to 500 million stock investors… we’ll see prices run to the roof.

And I do not want to see you miss out. To make sure you don’t risk losing your seat, click here to register for the free event VIP list. You’ll be notified as soon as one of my new training resources is posted. And you’ll receive a courtesy text notification right before 5 coins to $5 million airs on March 18.
For the past six months, he’s been on a world tour, interviewing his network of crypto insiders and billionaires to uncover “The Final Five.”

These are the last five tiny cryptos that this rare phenomenon will send soaring so high… $500 stakes in each could mint new crypto millionaires.

And to prove it, he’s doing something never been done before in the history of the industry. he’s chartered a private jet and taken strict precautions to keep its destination secret.

He’ll take you along to the hidden epicenter of this millionaire-making phenomenon during a special event from inside his private jet!

Origen: The Bitcoin Secret Your Financial Advisor Won’t Tell You