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[2020] A little stock market sense

MULTIZ321

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ROYAL HOLIDAY CLUB RHC (POINTS)

MULTIZ321

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5 Tax Tips Every Cryptocurrency Investor Needs to Know Now.


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Richard
 

MULTIZ321

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Brett

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This crypto claims to solve bitcoin's biggest problem.




Richard
This crypto claims to solve bitcoin's biggest problem.




Richard
This crypto claims to solve bitcoin's biggest problem.




Richard
This crypto claims to solve bitcoin's biggest problem.




Richard
This crypto claims to solve bitcoin's biggest problem.




Richard
Ethereum price prediction: Ethereum reached $3,500, starts to consolidate in preparation for a
retracement?




Richard
This crypto claims to solve bitcoin's biggest problem.




Richard


note: cryptocurrency is not the stock market
 

PigsDad

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note: cryptocurrency is not the stock market
Correct. Perhaps someone needs to start a new thread dedicated to cryptocurrency. Or just rename this thread since for the last several pages, every post has been regarding cryptocurrency.

Kurt
 

GetawaysRus

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This fellow publishes a weekly stock market commentary that I've been following for several months. He can get technical at times, but this week's issue is easy to read.

 

Ralph Sir Edward

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You’re conflating the problems experienced ten years ago with one of the first cryptocurrencies that did not yet have the auditing capabilities built into the blockchain like modern gen2/gen3 cryptocurrencies that have these functions inbuilt to their blockchains.



You can say the exact same thing about fiat currencies.



This is not an accurate statement either. Do you understand what smart contract capable cryptocurrencies are being used for today? Forget about Bitcoin - it’s a dinosaur compared to Ethereum and Cardano for example. Bitcoin isn’t capable of smart contracts and likely never will be unless and until they fork Bitcoin into BTC2.


When we begin to understand the defi movement and how important smart contracts are to eliminate middle men and enable automated transfer of goods and services directly from buyer to seller - we can begin to see why defi is all but inevitable - even if it’s in its relative infancy today. There was a time when fiat currencies were crazy talk - when all currencies were tied to precious metals - but that time has come and gone and here we are with mass adoption of fiat currencies having become the norm. Cryptocurrencies are simply the next evolution of currency in the modern world.

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Crypto's are down 20-40 percent in the last 24 hours. That is <not> a store of value. More like a crapshoot. . .
 

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Today's activity is a heads up! The party is over....perhaps until late fall!
I bought a small amount of Ethereum this morning via the Grayscale Ethereum Trust when Ethereum hit $2,440. Not really a major investment but rather a small quantity just to maintain my interest...

George
 

ccwu

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Crypto's are down 20-40 percent in the last 24 hours. That is a store of value. More like a crapshoot. . .

Agree. The currencies usually are backed by government. US currencies issued by US treasury and backed by US government. Wonder what value or asset backed crypto. Just the faith? No wonder Chinese government ban crypto for any institutional investment. I personally think any one can invent a coin out from thin air and set it to speculate. It is a BIG scam.


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I just bought a small amount of PAXG at paxos.com. It runs on the Ethereum blockchain. The G in the symbol stands for gold and one's investment is backed by gold in a London vault. It seems perfect for someone who wants to own gold but is not currently interested in physical gold. A nice feature is that you have the right to ask for physical delivery of your gold if you later change your mind. I bought a small amount as a learning experience believing that you never really understand something until you put a few dollars at risk and monitor it...

George

PS For those who are aware of my effort to own no physical assets at my demise let me point out that this foray is in my Son's name...
 
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tombanjo

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Redeem for Physical: You may redeem for a Physical gold bar by initiating a sell request through the Paxos wallet dashboard on the PAX Gold page. For redemption of PAXG into Gold Bars, you will need to have a minimum of 430 PAXG plus fees given that London Good Delivery gold bars range from 370-430oz

At current price, that is a minimum investment of $819,580

They charge for the stamps they stick on the bar to mail it to you too.
 

bogey21

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At current price, that is a minimum investment of $819,580

I guess I have a way to go as I opened the account with only a couple thousand dollars. I don't know about the stamps but they did charge me $5 to transfer money from my Bank into my Account. But cut me some slack. Remember I said that I opened the account to learn how the whole thing works...

George
 

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I am joking a bit, but the fine print makes the sizzle of "convert to actual gold" a bit tarnished. They do try and tout their low fees, though for low volumes it is 2% coming and going. If they really really REALLY have instant conversions, people can take advantage of swings, but you need to be in the big boy groups to really lower the fees to take advantage of that.
 

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ccwu

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yes, REIT's can pay good monthly dividends

But they can also suddenly drop in value and stay down !


View attachment 36421

The REIT dropped during pandemic was because the federal moratorium let renters stay and not paying rent. The landlord can skip and lengthen the mortgage payment. I had a big lost at the time, but instead of panic, I bought double or triple the REIT. I treat it as annuity. They still paying good dividend. So just ignore the principle price drop and continue collecting the dividend. Now the REIT triple last years price. I am collecting a few thousand dollar dividends plus enjoy the price triple. When the moratorium lift, the REIT should be good. They usually don’t fluctuate before the pandemic. My investment is rated most aggressive. I use REIT as a cushion to the fluctuation of market in the past. They are one of my favorite.


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Brett

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The REIT dropped during pandemic was because the federal moratorium let renters stay and not paying rent. The landlord can skip and lengthen the mortgage payment. I had a big lost at the time, but instead of panic, I bought double or triple the REIT. I treat it as annuity. They still paying good dividend. So just ignore the principle price drop and continue collecting the dividend. Now the REIT triple last years price. I am collecting a few thousand dollar dividends plus enjoy the price triple. When the moratorium lift, the REIT should be good. They usually don’t fluctuate before the pandemic. My investment is rated most aggressive. I use REIT as a cushion to the fluctuation of market in the past. They are one of my favorite.


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Residential REITs did better last year than those holding commercial property. I also use REIT's for the dividends and diversification

https://www.investopedia.com/articles/mortgages-real-estate/10/real-estate-investment-trust-reit.asp
 

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11 Stocks More Than Double Your Money The
Fastest.


.


Richard


"11 S&P 500 companies including health care leader Moderna (MRNA) plus consumer discretionary plays Caesars Entertainment (CZR) and Tesla (TSLA), jumped more than 400% from the 2020 low. If you held $10,000 of Moderna at the bottom, it would be worth $140,708, or 1,307%, more now."

not sure these hot stocks are going to keep doubling in value
 

MULTIZ321

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5 High-Yield Dividend Stocks That Are Must-Buys
Right Now.


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Richard
 

Brett

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5 High-Yield Dividend Stocks That Are Must-Buys
Right Now.


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Richard

sorry, those actively managed investment funds are not a "must buy" for me .... they are still down over 10 years :(!
 
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