Investing

How To Invest In These Financial Times?

When you think about it, these are indeed challenging times to live in – many have though the current economic downturn in line with the Great Depressions that happened all the way back in 1929. However, even despite a lot of the depressing job industry numbers we hear about every day, as well as the recent riots, the stock market had continued its march upward with the hopes that the economy will recover its confidence that it had before the COVID-19 outbreak came along and began to effect things earlier this year.

Naturally, there are some lingering questions revolving around how long everything will continue to climb if the virus returns stronger again later this fall and winter. Many also point to the disconnect between Wall Street and Main Street. The stock market still continues to be a massive moneymaker over the last several weeks. People who bought in during the exchange lows made many times the amount of money they actually placed during the all-time lows in the industry.

Should I Spend in The Stock Industry? Is it Safe?

Source:technative.io

At the time this article is being written, we are feeling confident that the stock market is still a safe and a very good place to spend in. If you are new to the entire concept of the stock exchanges, we would advise you to speak with a financial adviser before actually making any significant purchases. However, with the right strategy, we feel that there is still plenty of money to be made n this business.

What Should I Choose? Long-Term or Short-Term Options?

If you are planning on being in the industry for the next 20 years, you should know that there is no better time to jump into the industry than right now. That said, there will be both ups and downs that will occur in the market. Of course, it would help if you were ready to make a lot of money and lose a lot of it when spending on long-term deals.

But, if you do choose to one that is 20 years long, your long-term objective is probably to make a lot of money in that time and be able to pair it with other, short-term losses that come with the long-term option. But, what about short-term investments? Should I choose them?

You might be thinking about making short-term purchases, you should know that is much riskier. For some people, it can work out quite well, and they do make a lot of profits. We would not recommend that you choose short-term ones unless you are prepared to lose it at some point.

If you are looking for a financial adviser in the Tulsa, Oklahoma, you should click here. Although this type is much riskier, it can help you with gaining the wealth of knowledge that you’ll need to prepare yourself for making decisions for those long-term plans that you have.

What About Other Types? Ones Besides The Stock Market?

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The most common investment types outside the world of the stock market are spending on real estate, as well as purchasing assets such as silver and gold. With real estate, you can have several options. For instance, you can choose to purchase a property, remodel everything, and then sell it. Or you can purchase a property and rent it out.

The same goes for precious materials such as gold and silver. The prices will vary and change from week to week, hence, people who are looking at purchasing these two things often find themselves acquiring these materials when the prices are lowest, which allows them to save some resources.

How, When, And What Should I Choose?

Now, this is something that will depend on you, but, it is still worth mentioning. When and how you should invest will depend on a wide range of things, including your age, how much wealth have you built up over the years, as well as your general life situation. However, there are some tips that you can remember, ones that will surely make everything easier for you:

  1. Choosing a Reliable Company is Important

One of the first things you should know is that you’ll want to choose a reliable and trustworthy company. You’ll be spending real money on something, which means that you do not want anyone unprofessional to take care of it. Hence, before you choose a company, ensure that you do some digging to check if it is good.

  1. Always Have Objectives

You should always set both short- and long-term objectives if you are thinking about working in the stock market. Why is this important? Well, it will help you understand the purpose of your purchases, and then you might also understand what the future you will need those funds. You’ll want to know what you’ll use the funds for, as well as for what you are investing in. This will not only ensure success but, it can also ensure that you stay motivated.

Source:time.com
  1. Never Chase Your Losses

One of the biggest hindrances that you can come across is chasing your own losses. This is why you’ll need to learn how to control your emotions, as well as make decisions that are logical and based on facts. By doing so, you can ensure that you do not make quick decisions that might cause you to lose everything you have.

  1. Always Learn The Basics

Before you actually choose to place your money for buying something, you should learn and comprehend the basic things first. This means that you’ll want to learn the terminology, how a particular platform works, as well as everything there is about the different departments that make the market. This will allow you to make better choices when it comes to the entire process.

Source:moneycrashers.com

Conclusion

As you can see, there is a wide range of things to know about investing in the stock market. Of course, the decision of when, how, and into what you’ll place your funds will depend entirely up to you, however, you should not spend money on anything until you understand the risks it carries.

So, now that you know everything there is about your investing options, you should not lose any more of your time. Instead, think about all of the options you have, determine which one might be best for you, and then start your journey in the stock market!

Can You Earn Bitcoin without Mining and Investing

Doing a job that you do not like is truly a tough thing. You probably have a good salary. However, in most cases, the salary you have can’t cover all the costs that you have. Lack of money is not the only problem that people have. Let’s say that you like to travel a lot. Even if your salary is above average, will you have time to do what you like?

All these problems convinced people that they have to look for alternatives to make money. Fortunately, advanced technology brought many opportunities to our lives. This especially counts when we talk about finding ways to make more money.

Despite that, the Internet also brought some new industries to the world. For instance, traditional gambling is not as popular as before. Many people now support online gambling because of the benefits it brings. However, the online gambling industry is not the place where you should look for more money. We do not want to say you can’t earn it. Yet, only a small group of people manage to get rich from this entertaining activity.

Source:smartassets.one

On the other hand, the cryptocurrency industry is experiencing popularity growth. Indeed, this industry has a turbulent past that distracts people from investing. Fortunately, more and more people understand that certainty in the business world does not exist. The Coronavirus pandemic showed that neither of the industries is perfectly safe.

As you know, Bitcoin is the most popular digital currency in the world. People that have never participated in this industry heard about it. The two most popular ways to earn Bitcoin are mining and investing.

Should I Start Mining and Investing Now?

If you have enough money for investing, why not? You can now get BTCs for a relatively fair price. The pandemic also harmed the market cup of this industry. The consequences of the crisis are visible in the value of Bitcoin as well.

The price reduction is not something that should scare you. As we said, all industries were turbulent and this especially counts when we talk about cryptocurrency.

If you do not have enough money and knowledge, this could be a problem. Fortunately for all of us, the two most popular ways of earning Bitcoin are not the only ones.

How to Earn Bitcoin without Investing and Mining?

We do not want to say that alternatives are equally profitable as investing and mining. However, when lack of money is the problem, you can’t expect to earn a lot. The good thing is to start participating in this industry. How are you going to start investing if you have never met with any cryptocurrency? Our solutions are multi-practical. You will get some experience and Bitcoins to start. Let’s find them out together.

Entrepreneurs Should Accept BTC-based Payments

We know very well that this piece of advice is not suitable for everyone. It can be useful for entrepreneurs and people that plan to start a private business. Let’s imagine that you are preparing yourself to become a business owner for the first time. Logically, you created a business plan that covers all the aspects of your business.

Well, our recommendation is to add different payment methods to your business plan. More precisely, accepting Bitcoin-based payments will allow you to earn Btc without investing or mining. This is a message to all the people that run a private business.

Source:hackernoon.com

Work for Bitcoin

Some people are not just big fans of Bitcoin and other cryptocurrencies. They invest a lot of effort to make them more popular among people. Achieving that in today’s world is tough. Because of that, these people use different methods to change the way of thinking of people. Some of them invest in education and they strive to teach the world more about them. However, some companies accept to pay their workers in Bitcoins.

First of all, you can visit websites where you can do some simple tasks. These websites a perfect place for people that look for easy money. Fortunately for you, some of them will pay you in Bitcoin in exchange. We do not want to be too optimistic here. As you know, simple tasks are not profitable at all. The amount of BTC you will get is not going to be impressive. Still, this is a good way to make mini-steps in this industry.

If you want to make more, there is a good alternative you should know about. Some companies like to collaborate with freelancers on certain projects. Hiring a new employee for a couple of months would be unnecessary. If the owner of that company is a BTC supporter, be sure he will accept to pay you in BTCs. This is a good opportunity for people that possess certain skills. For instance, you can start working as a freelance content writer, graphic designer, etc.

Online Gambling

Source:casinosfactory.com

The online gambling industry is experiencing popularity growth in the entire world. Because of that, online casinos need to follow the latest trends including those associated with payment methods. Some casinos will pay you off in Bitcoins.

Still, there is one thing that we have to say about this method of earning Bitcoin. It is the riskest way of earning Bitcoins of all. Indeed, you need to take certain risks when investing and mining. However, gambling is not going to be profitable for you if you do not possess the necessary gambling skills. Some people managed to earn Bitcoins in that way, but be careful if you choose this method.

Bonus Tip: Trading

In the end, we would like to talk about one of the most effective ways to earn Bitcoins. Indeed, small investments of money will be necessary here if you plan to start. Despite that, you will have to create an account by using a reliable provider.

Still, this type of earning Bitcoins is not good for everyone. The entire cryptocurrency industry is complex. You will need to spend months or years to understand how the industry’s system functions. Because of that, education to become a successful BTC trader is education.

Research this subject in theory before you even start. After that, you can find a reliable broker/mentor that will share his knowledge and experience with you. If this seems like a good option for you, we recommend you visit cfds-trader.com. Here you can find a mentor that will teach you everything you should know about online trading. When you possess those skills, you will easily manage to trade with BTC successfully.

What is Bitcoin and How Does it Work? – 2020 Guide

As a newbie, you might get confused regarding what is bitcoin, and how does it work? Like most of the other people, you might find the concept of bitcoin quite confusing. In this article, we will help you find out all the details you need to know about it and its working process.

What is Bitcoin?

img source: investopedia.com

It is a digital currency token having no solid backing. It can be quickly sent electronically from one person to the other all over the world. The smallest fraction of this coin is named as a penny of BTC. It can be divided into eight decimal places, i.e., 0.00000001 bitcoins. It is named Satoshi, who is considered as the anonymous creator of this cryptocurrency.

The network is working on a decentralized network of computers all across the globe. A complete record of these transactions that these computers handle and update regularly is known as the blockchain.

Are these coins the Ones that We See in Photographs?

You might have seen this cryptocurrency as coins in photographs or newspapers. But in actuality, these are not coins. Those pictures are just an identity of the bitcoin. Those coins are the symbols that the journals use to portray. The reason is that they don’t have anything else to illustrate the news about BTC.

Bitcoin Works through Blockchain

img source: alphagamma.eu

Blockchain was first described back in 2008 by a person or people calling themselves Satoshi Nakamoto. We have seen that there are different types of cryptocurrency techniques, and many blockchains have been created on the concept of these techniques.

The basic understanding of blockchain is quite straightforward. You can earn money and do trading through different platforms and you can take insidebitcoins.com as an example. One chain contains only one blockchain, and all the information is stored in different blocks that is a secure way. All the stored data in blocks are in the form of 0s and 1s and minimize the hacking risk—the information secured in the blocks may be emails, land titles, marriage certificates, or bond trades.

When we talk about the contract, it is developed between two parties without the involvement of a third party. There are many possibilities for the products for each person, and everyone can secure the payments. It does not involve banking security, and all your emails and data save from end to end transaction.

Bitcoin Transactions

These transactions are more robust, and there are different wallet ids, and transactions are done between the wallets. BTC wallets store these transactions in a secret piece of data named as a private key or seed. This confidential data is helpful in signing transactions that help provide a mathematical proof that the transaction has come from the owner of the wallet.

The signature prevents the transaction so that it does not get altered by anybody once it has been issued. The deals are broadcasted to the network and get confirmed within a few minutes through the process of mining.

Bitcoin Mining

img source: supercryptonews.com

The process of making new coins and passing them on to the computers to maintain a robust network is called mining. These computers are in a consistent race to process new transactions coming to their system.

The person with the fastest computers stands out to be the winner, and he gets a chunk of new coins. A new winner is announced every 10 minutes.

The process of mining brings in a competitive lottery that prevents a person from adding new blocks to the blockchain. So, no individual can control in any way what is happening in the blockchain.

How can You Buy Bitcoin?

There are some BTC local agencies where you can get your desired cryptocurrency. Many companies sell these coins. A company named Coinbase will sell you digital currency in exchange for dollars.

Signing in for a bank account with Coinbase is similar to opening a traditional bank account. You will have to provide all your details.

How is the Worth of Bitcoin Decided?

img source: independent.co.uk

The value keeps on rising and falling. Its value is determined by the open market. It also depends on the bidding in crypto exchanges.

Does BTC Have Any Competitors?

Yes, it has plenty of competitors. BTC is the most used cryptocurrency and there are many competitors, but people rely on this currency. In the real world, the currency is worth only things that people are willing to accept as goods and services.

Criminal Nature of Bitcoins

img source: economy.com

Criminals like to deal with crypto. The reason is that trading does not require complex trading and identity verification. To open an account, you don’t have to pass through a lot of identification processes. Moreover, there is no central authority that collects or controls this information.

These days the cryptocurrency has become a method to make ransom payments. For example, your computer might be controlled by ransomware, and you may be asked to pay ransom payment in the form of bitcoins.

Can Bitcoin Users share it Themselves?

If a person is helping to maintain the database of all the bitcoin transactions, then the blockchain could change his copy of the records to add more money. However, if someone does that, the other computers maintain the records would consider that as a discrepancy and would reject that.

What are the Legal Uses of Cryptocurrency?

img source: wikimedia.org

The transactions made through bitcoins revolve around selling and buying Bitcoins on exchanges and predicting future prices. No one wants to lose their currency, and in most of the countries, people get the currency from the local exchanges and trust them.

Another meaningful business strategy is using this cryptocurrency to transfer money over international borders. It may take weeks if the money is transferred through banks. Although, many companies use bitcoin for transferring payment and you can send a lot of dollars in seconds. That’s why it has gained a significant reputation all over the world.

Conclusion

We hope this article helped you in finding out what is it and how it works. The process of buying and investing in this coin might become more comfortable for you now.

Bitcoin Trading vs. Investing

Bitcoins are very popular in the past ten years, and they have increased in their value as the years passed by. Now they show steady growth and are very interesting for the population, most people would like to get involved, but they would like to avoid investing a lot of money into the machine and mining. This is why they turn to alternative ways of obtaining bitcoins. Trading and investing is a good alternative, and we will dive into the differences between the two in order to get these terms familiar to the reader.

Source:equiti.com

Main differences

When it comes to these two, there are a few main differences that make them apart from one another.

Trading can be seen as a process that is short, and it is more dynamic when compared to investing. How it works is very simple, and the profit is obtained through the small transactions that are sometimes happening in a span of a few minutes or hours.

When it comes to trading, there are four types of different ways you can do the trading:

1. First are so-called scalpers, and this may be one of the most popular and dynamic ways of making bitcoin trades. Since the purchases and transactions occur many times a day, sometimes the one doing the transactions may be in a position of the coin no longer than a few seconds. The whole idea is to gain a lot of small amounts through every transaction.

2. Day traders got their name from the way that they make the trades since all transactions are established and wrapped up during one working day. Like the previous ones, they do this very fast, making sure that the funds have no delay and not spend too much time in their possession.

3. Momentum ones are as the name states doing all transactions at the moment, meaning that they are using the heat of the moment in order to create a wave and use the upraise to create profit. This means that the bitcoins are purchased as they are going down in price, and sold as soon as this shifts and increases the value. This way of trading is interesting, and it requires good knowledge of the prices and the cryptocurrency market itself.

Source:hackernoon.com

4. Last but not least are the swingers that are using the changes in the values to create the profit. They are using daily and weekly fluctuations in values in order to make transactions and profit.

Investing can be defined as a way of handling bitcoins in such a manner that the profit is established through long term expenditure of funds. This means that the money is gathered and stored in bitcoins, and it will stay there until there is a substantial growth that is worth intervention and selling.

Investing is for the patient since it requires more years, and it is based on the prediction. Here it is crucial to follow the market and to know when to make a transaction. It is best to use the so-called wave and take the bitcoins when they are on their low, so when the prices and values increase, there can be a very high profit. This can last for years.

Time limit

Trading can be very time consuming since it requires a constant oversight of the market and the close tracking of even the smallest changes in the values since the transactions do occur in a matter of minutes and hours. Even though sometimes the transactions may occur in the span of a few days or hours, compared to the investment, it is very time-consuming as way faster. Especially due to the fact that trading uses micro-changes in the values in short intervals to make a profit.

When it comes to investments, they may stay out for years and lay low till the market changes are favorable for the one that is owning the coin and wants to sell them.

We can say that trading is short term and investing the long term when speaking of the time needed for the profit to be established. When compared to the values of income, it may come to the same amount since the trading is making small profits often and investing bigger profits once in a while.

When it comes to the frequency of the transaction, as stated before, there is a very big difference in those, since the trading is based on an exceptional number of transactions during the day, let alone one month. On the other hand, investing may have a few months or years without transactions due to the patience and the market state of bitcoin.

Risks and safety

Source:cryptopolitan.com

When it comes to potential risks, every transaction and investment may carry its own. Trading may seem like something that carries less risk since the transactions are fast and happen so often that even a slight decrease can and will be compensated. Investing can carry more risks since it can be hard to determine how the bitcoin will grow and how fast this will occur. There are indications that there will be a steady growth of the coin, but the one who invested may have to follow and see what to do if the values start to drop. This may lead to selling, or they can decide to wait and see if the values will increase as it happened.

When it comes to safety, most shareholders did state that this way of trading and investing is seen as the safest and profitable when compared to conventional ways.

If you would like to find out more about safety and security of the bitcoin trading go check out coinpedia.org.

Conclusion

There are differences between trading and investing in bitcoin. Trading is a short term thing where the small changes in the values and fast and frequent transactions are making a profit. The profit is small per transaction, but it adds up. Investing is a long term thing, and this is important since it requires few transactions that are based on the big changes in values and bigger profit. Even though there are potential risks, both are labeled as pretty safe, even the safest of all the possible trading and investing that can be found on the market.

Why Miami is the best Market for Real Estate in 2020

Thinking of buying up some property of your own in the New Year? Contrary to popular belief, one of the best places to buy said property could well be in Miami. The prices are so low you are sure to snap up your dream property at a price you will love. Not sure if Miami is right for you? Let’s take a closer look.

Miami is the Best Place to make Real Estate Investments

Image source: 4zida.rs

In the last few years, the Miami housing market has managed to attract some negative press. With a slightly higher than average crime rate and a reputation as a holiday destination; this city rarely gets considered to be one of the better places to settle down… the reality of Realty in Miami could not be further from the truth.

Those follow the news will note that even the local papers are commenting on the lack of houses being sold. There is no new blood coming into the city; there is a distinct lack of high flying buyers or property investors. We hope to see this change in the coming years. As it is, there has been no new growth in the Miami housing market for the last year – and rumors are that the prices might actually be falling. Whatever the truth of the matter: it means one thing for certain. The Miami Real Estate industry is a buyer’s market, with prices very nearly on the floor.

Price, as much as it matters, isn’t the only reason that you should consider purchasing property in Miami. There are a whole host of other reasons, some of which are as follows:

  • The weather – Miami is in the sunshine state. This means that even December sees temperatures well above 20 degrees. This is great – especially for those of us more used to a little snow!
  • The Diversity – Miami has been nicknamed ‘the Magic City’ for a reason. There are all sorts of cultures here, all living alongside one another without clashing.
  • Home Prices have Peaked – this means that there is only one direction they can go in. If you want to buy and not resell then this is the city for you!
  • The beach – and the bay – and the water…. Everyone loves that soaking-up-the-sun lifestyle you can only find in Miami.
  • The Everglades are on your doorstep – those that love the freedom of the great outdoors should grab their tent and move to Miami – immediately!
  • Miami is known for the arts. Think of all the wonderful neighbors you could have!

So if we have convinced you that Miami might be the best place to buy real estate in 2020 then you should take the next steps towards taking the plunge…

Predicted Housing Market Trends in Miami for 2020?

Image source: miamirealestate.com

So as we move into the New Year, what sort of trends are we likely to see in Miami Real Estate? Our expert analysts predict that the Real Estate market in Miami is due to pick up. Indeed, this is a trend we have been poised, waiting for, for the last few quarters. Besides the forecast upwards turn, what else can we expect from Miami Real Estate in the coming year?

The Coming Months in Miami…

The coming months in Miami should see the continued stability of property prices. Statista puts the median home value in Miami at just under 200k at the tail end of 2019. Going into 2020 we expect that the governments scheduled 6,725 new homes to be built across a three year period will be steadily outgrown by the expected 17,3550 new properties that will be demanded. Since there is such a huge disparity in figures, the State estimates some of the 60k excess properties will soak up the extra.

What does this mean to you and me? Well, it means that the likelihood of owning a brand new house in Miami is slim to none. If you want to take advantage of this disparity by buying up some of the property and converting it to rental space, then this would allow some of those displaced residents a place to live. If you can take advantage of this then you could be in the money.

How much are Miami Renters Paying?

image source: property-aces.com

If you were to take advantage of the gap between new housing produced and new resident’s demand then you could rent a property to some of the 13k citizens that will still need a home. The easiest way to do this is to buy a property and rent it out. If you were to do this, the average rent you could earn on a Miami property would be roughly 1.7k for 888 square feet of apartment… this high figure is the reason nobody rents in Miami!

The Growth of the Luxury Apartment Market

One thing we have noticed – and that has been cited by local news sources – is the distinct lack of newer, high-end properties coming on the market. It seems that the production of new apartments of this type has stabilized, allowing the Miami real estate market to recover from so many years of luxury holiday builders!

We predict that 2020 will see a momentary continued pause in new luxury apartment production in Miami. Instead, the newer apartments and condos will focus on being more economically friendly. We expect to see that the majority of the scheduled 6k or so new homes will be designed to accommodate the younger family. We also suspect there will be more of a drive towards long term Miami living, and less of a drive towards vacation accommodation.

That being said, the Miami real estate market is known to fluctuate now and again… and we do not have a crystal ball! What we can be sure of is that the Median rent and the cost of a new condo aren’t likely to fall any time soon. The savvy take advantage of this… while the rest of Miami looks on in envy!

Buying Property in Miami?

Buying a property in Miami might be the best decision you ever make – but no house sale is easy. If you have decided to take the leap then contact us today. Fortress Realty is a well known name in Miami Real Estate, so you can check them and see what they can offer to you.

3 Top Tips for Getting Started with Stock Trading Today

There is a range of different ways to make your money go further these days and, while choosing the right savings vehicle can always help, there is also the opportunity to invest in stocks too.

While the number of young adults choosing to invest in stocks has apparently been relatively low in recent years, it remains a very real way to get a return on your hard-earned cash. So, if you’ve been considering a step into this intriguing area of finance, here are a few of our key tips on issues to consider from the outset.

Find the right platform to use

As with most things, having the right tools can make a real difference when you’re looking to invest in stocks. There are a host of different platforms and solutions out there, so take time to consider which one would work best for you and consider other matters like commission fees or a minimum account balance.

Fortunately, if you’re really stuck on the issue, sites like the InvestorJunkie, blog for beginners investors are available. It features evaluations of a host of matters including software, robo-advisors, and stock brokers -with all of that may prove to be vital as you get started.

Consider how much you want to invest

One thing that might put many people off investing in stocks is the idea that they do not belong in the area. After all, the classic image of an investor is often someone from a wealthy background with plenty of money at their disposal.

However, anyone can get involved, and it is simply a question of how much you want to invest. As Investor’s Business Daily helpfully outlines, you can begin with relatively moderate sums and that could lead to major gains if you pick the right stocks. Ultimately though, the decision on how much to invest remains yours, and you should always take care.

Examine the areas that are right for you

Finally, another crucial element to getting started is considering the areas you want to invest in. Again, the choice is yours and there is no right or wrong way to do this, but a useful starting point could be to get involved in an area you already have an understanding of.

As the old saying goes, knowledge is power, and understanding a sector or industry may mean you can make informed decisions as you go along. That strategy may prove far more sensible than simply investing in something you do not know and hoping for the best.

Proper preparation

img source: carlsquare.com

Getting started with investing in stocks can feel like a pretty major step to take, but the potential benefits that can be reaped from doing it simply cannot be ignored. However, it is fair to say that a little bit of planning and preparation will undoubtedly go a long way.

If you’re new to this world and are ready to get involved, we hope the ideas above will give you some food for thought as you begin your journey into this fascinating and potentially lucrative area of business.

The Bitcoin Boom: Asset, Currency, Commodity or Collectible?

Everyone has heard of Bitcoin. And the ones that didn’t are probably too old, or they’ve lived under a rock the past decade. 

But what is Bitcoin? Is it an asset, currency, commodity or a collectible? The opinions are different. Some people think that everything about Bitcoin is a fraud, and others think that Bitcoin and other cryptocurrencies will change the world of investing and management. You can easily price Bitcoin and you can trade it. But what is a Bitcoin? 

Do you already have some Bitcoins? If you have, and you want to trade them, then you should definitely visit this website bitcointrader2.com.

On this site, you’ll learn even more about Bitcoins and everything that you need to know about trading.  

But first, we are going to talk about other things, and we are going to explain what are assets, what is a commodity, what is a currency, and what are collectibles. 

Img Source: coindesk.com

What are the assets? 

Assets should generate cash flows for you. For example, if you own a business, that’s an asset. Assets can be priced. For example, every business can be priced. 

What is a commodity?

Img Source: engadget.com

A commodity can be used as a raw material. And a raw material should meet some fundamental needs, whether it’s energy or food. And a commodity delivered its value from its use as raw material, and the value of a commodity can be estimated by looking at the demand for energy or food, for example. Commodities can be priced. Coal, wheat, oil, they all can be priced. 

What is the currency?

Simply put, a currency is a medium of exchange that you can use to denominate cash flows and it can be a store of purchasing power. When it stands alone, currencies don’t have cash flow and they cannot be valued. But they can still be priced in comparison with other currencies. There are different currencies in the world, some of them are strong, and some of them are weak. Some of them are accepted more widely as a medium of exchange, and others are not. Over time currencies can rise and they can drop, and everything depends on the economic situation in the world. 

Img Source: community-exchange.org

What are collectibles?

By definition, collectibles are not a medium of exchange and they don’t have cash flows. But they surely can have aesthetic value, the best example are art pieces, paintings or sculptures. Collectibles can’t be valued because they don’t generate cash flows, but they can be priced. They can be priced based on how other people perceive their desirability and value. 

And what is a Bitcoin?

Img Source: briantan.xyz

Bitcoin is not an asset, because it can’t generate cash flows just by itself, standing alone. It is also not a commodity, for a simple reason, it’s not a raw material. You can’t use Bitcoin to produce something useful. 

The most logical conclusion is that Bitcoin is a currency. Which leads us to another question? Is it a good currency? It is on the right track to becoming one

Learn How to Manage Money to Invest and Prosper

When you look at how much money you make in a year, it seems like you’ve got everything together. Your career is on an upward trajectory and you keep pulling in a bigger salary every year. But your bank account is a whole other story.

It’s a common experience: you make a lot of money but you can’t seem to save it. Life can get expensive for plenty of reasons and it’s easy to lose track of your spending. Weddings, vacations, a busy social life – it can all add up to a costly lifestyle, and that maybe what’s draining your paycheck before you have a chance to stash it away and build up some savings.

Those who never learned how to save growing up but have the means to do it now are especially prone to spending too much and not building up their investments and savings for their future. Remember that it’s great you’re earning money now, but the economy can change. What do you want your life to look like in 10, 20, and 50 years?

These personal finance tips can help you turn around your financial prospects. If you’re already earning money, half the battle is already over.

1. Plan for the Future

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One of the reasons you’re not saving is probably because you’re not planning for the future. It’s an easy trap to fall in; virtually every company out there wants you to think about today, and tomorrow never. Financing deals on things like furniture and cars are the biggest culprits. They often offer 0% loans for the first 6 months (or any given time period) – followed by high interest that you can still be paying. Think about whether or not you can afford to pay something off before interest kicks in, including your credit cards. It’s always better to pay the full balance whenever you can.

2. Break Down Your Spending

One of the hardest parts of saving is giving up life’s luxuries (big and small), but the good news is, in your situation, you don’t have to cut back to austerity. Here’s how you should break down your budget:

Fixed Expenses: About 50-60% of your income should be going toward fixed expenses like rent/mortgage, gas, bills, and generally predictable, necessary expenses.

Savings and Investments: 15-25% of your money each month should be going toward savings and investments, assuming you are debt-free. Send some to a savings account for short-term goals like a vacation, while 10 to 15% should go straight into investments.

Discretionary Spending: This is the fun stuff, and can account for up to 20-45% of your spending, depending on your retirement and saving goals. You don’t have to give up everything, but putting a hard cap on this budget will help you prioritize.

3. Invest for Growth & Wealth Preservation

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Now that you actually have money to invest, where do you put it? It depends on your goals. At first, growth is going to be more important, but as you continue to save, your goals will evolve, and wealth preservation will become more important.

Protection: Hard assets like gold are some of the best ways to protect your wealth from uncertainty. Now is a great time to start investing in gold coins and bars, because the global economy is starting to show signs of weakness again. Investors around the world flock to gold coins and gold bars when they lose confidence in the stock market. Gold dealers like SilverGoldBull offer gold around the world at competitive prices online. It’s easy to compare, click, and get your investments.

Shares have higher growth potential, but gold has lower risks – including no third-party risks when you buy gold coins in physical form.

Growth: Shares and bonds tend to be the most popular investments when you’re looking for your money to earn interest or dividends. Shares will grow your earnings more quickly, but there’s more risk, whereas bonds provide a guaranteed interest rate. The difficulty with bonds is that inflation may outpace them.

Start saving money and investing it in assets that will help you grow and preserve your wealth.