Issue 12.0 / June 28, 2020
Investing
Ryan Cohen shares his investment strategy along with his main stock picks. The young billionaire who founded Chewy elaborates on the principles of making money.
I recently discovered Finviz and TipRanks to get ideas for stocks, mutual funds, ETFs, and REITs. The Money Crashers recently shared some of their best stock screeners.
Annual fees can destroy long term gains. Shopping around for retirement alternatives is worth it.
Two things I wish I knew sooner about the markets; this and this.
Quick gains can give you decent money, but wealth is built on the long game.
When investing, earn to meet your needs.
Personal Finance
Saving rates are on the rise as many people are hoarding cash. Since the start of the coronavirus big banks have grown by $2 trillion. A high savings rate combined with living modestly can lead to financial independence. If you focus on your savings plan, great results can happen even within a year.
How to deal with financial phobia.
According to MagnifyMoney, most Americans fail this investing quiz, I took it and received a C with a 70%. Earlier in the week I took another test to self-assess personal money management and scored myself at a 65%. Is there a possible correlation between these two scores?
Money is about choices and empowerment. Set goals and use money as a tool.
The milestones of financial independence.
Try your best to not borrow money.
Continually build value in yourself.
Cryptocurrency
Coinbase customers can now earn COMP, Compound's new governance token. Yesterday, I received my Coinbase Earn email invite for Compound and scored $9 worth of COMP for free by watching three educational videos and answering one question quizzes. Since March 2020, I’ve received $47 for free through the Coinbase Earn program. If you are not a Coinbase user, you can still earn free EOS, Orchid, and Stellar.
DeFi Yield farming has been trending recently. Some in the cryptocurrency space have reached over 100% annualized returns, but Dappradar.com warns this is not for beginner investors. Yield farming seems to be profitable with over a $10,000 investment, so I’m passing on this strategy.
Honeywell's new quantum computer may crack the Bitcoin blockchain.
Rumor has it that PayPal and Venmo are trying to catch up with CashApp by rolling out direct crypto trading capabilities to customers. As a result, Bitcoin pioneer Max Keiser thinks a global hash war is coming.
Using digital currency, instead of paper-based checks, for stimulus checks would make too much sense with a possible cost savings of $2.25 billion in savings.
Learning
Audience is the new currency. David Perell interviews Anthony Pompliano on growing an online audience. Perell and Pomp discuss marketing tactics and strategy using Twitter as a traffic engine to build an online audience. Pomp explains how he uses it as a launching pad for his other products and platforms.
This powerful idea by Jon Brosio is making me think. “The need for communication and storytelling will create micro-niches of like-minded tribes...to create self-sustaining enterprises that don't require millions of customers.”
Tiago Forte has forged a manifesto for human-centered work. It’s great and all content creators should read it.
Read books! Even if you read a little bit.
As I build my newsletter, this piece of advice spoke to me. Writing should reflect your soul.
Generating ideas for startups.
Health is wealth. I repeat, health is wealth.
Keep learning, growing, and improving. And success will come.
Like the Romans, make the most of each day.
Video Games and Multimedia
Soccer superstar and entrepreneur David Beckham became co-owner of new Guild Esports.
The Pokemon Company made a big announcement last week of a new team-based Pokemon game. But fans of the pocket monster gaming community are not very happy about it.
Ubisoft launched an Ethereum-based Rabbids token game with all proceeds going to charity, and get this; game assets can be stolen by other players.
Epic Games is currently offering AER Memories of Old and Stranger Things 3 for free.
Watch the first two HBO’s episodes of Season 1 Watchmen for free.
Disclaimer
Ideas and information presented in my articles are for educational purposes only and not intended to be investment advice. Investments in the stock market and cryptocurrency could be speculative and volatile, and result in money loss. Always conduct your own research. You may want to obtain independent legal, financial, taxation and/or other professional advice in respect to any information from this content. I may mention products or services and some of those products are affiliate links that reward me.
