Dear reader,
I want to get back to the fact that we facing a crisis that we have never seen before. Several weeks ago I wrote a blog about the investing opportunity of a lifetime. Now several weeks further I want to update you a bit on the investment opportunity of a lifetime. The markets change on a daily basis and even some of the greatest analysts and forecasters can't keep up with everything that is changing in the current market conditions. So it is only fare to keep you posted.
Since my last update the markets have been fluctuating. Oil has been failing to keep the may future contracts alive and they lost over 200% in one day. This means that companies would pay you to take there oil. What I find strange is that not a lot has been changed because of the crisis. I mean on a financial way. Yes the markets are down, business is difficult. But it seams that the real effect hasn't been out yet.
More to come?
Short answer: Yes. There is way more to come. The United States has put on the printing press and every day bit by bit the dollar is starting to evaporate. The real value of the dollar is almost at zero and when this happens people will be in serious trouble. Like I mentioned earlier, the oil market has been brought down to its knees. Because of no air travel, reduced cars on the road and major industries not needing any of it.
Every industry is affected on one way or the other. The fear is growing every day for business owners, investors and shareholders if the companies that they run will be able to open up back to normal in the near future. Unfortunately I am not able to predict what is going to happen but I think we have more financial collapses coming are way. They will hit some people harder than others. If you are not prepared you need to rush to educate yourself.
My predictions:
For every day that we loose business we will loose businesses. During each crisis it is a game of survival. Who will be able to survive and who will loose out to the game. The once who loose will loose jobs, families, homes and everything they have worked there life for. The once who survive need to restructure, implement changes and start over again. The road will be long and it would be stressful, emotional and a bitter pill to swallow.
The world will never be the same as it was. I don't know what is all going to change, nor do I know if I will be right. But I think that we will have a financial crisis worse than the great depression. Tens of millions of people will loose their jobs, homes and even their lives. Great companies will go out of business and the government will try to print enough money to bail out the companies that may not fall down. Because the government will keep on printing money the dollar will worsen and if not acted in time the dollar will be worth nothing. After this happened a new monetary system will emerge, maybe a digital one or one back by gold again.
What am I doing?
Just to be clear, I am not a financial advisor or expert, please do your own research before making investment decisions. I will never tell you what to do. I will only tell you what I do. This may be right or may be wrong. I don't know.
Right now I am watching the market. I am invested in three asset classes, stocks, precious metals and cryptocurrency.
For stocks I am fully focused on mining stocks, there is a shortage in precious metals and some dealers won't even take new orders. I think mining stocks will out perform the market in the rest of the year and the years to come.
For precious metals I hope that I can add more to my portfolio, not only for growth but also as a security for anything that can come during the financial crisis. Also the precious metals have outperformed any market index.
For cryptocurrencies I am continuing to invest in my portfolio to the major top ten crypto's. My main focus is Bitcoin, Ethereum and Ripple. These are the largest crypto's with regarding to market cap. Also over a longer period of time they have been proven to be a store of value.
I keep some cash for incidentals, emergencies and investment opportunities. I don't know what will happen or which one will survive. But my eggs in are all baskets and hopefully each basket with flourish to my investments.
Do your own research before investing. I recommend you watch the main stream media just as that you watch independent sources on Youtube. You need to listen to both sides of the story before you can judge about the facts and your investments. A few independent sources I would recommend are Mike Maloney from goldsilver.com, Robert Kyiosaki, The Rich Dad channel, Brian Rose, London Real, Patrick Bet-David, Valuentainment, Kitco News, for gold and silver investment, CNBC, main stream business news.
Thank you for reading, stay save and keep strong.
Franklin, Moments2Success.
I want to get back to the fact that we facing a crisis that we have never seen before. Several weeks ago I wrote a blog about the investing opportunity of a lifetime. Now several weeks further I want to update you a bit on the investment opportunity of a lifetime. The markets change on a daily basis and even some of the greatest analysts and forecasters can't keep up with everything that is changing in the current market conditions. So it is only fare to keep you posted.
More to come?
Short answer: Yes. There is way more to come. The United States has put on the printing press and every day bit by bit the dollar is starting to evaporate. The real value of the dollar is almost at zero and when this happens people will be in serious trouble. Like I mentioned earlier, the oil market has been brought down to its knees. Because of no air travel, reduced cars on the road and major industries not needing any of it.
Every industry is affected on one way or the other. The fear is growing every day for business owners, investors and shareholders if the companies that they run will be able to open up back to normal in the near future. Unfortunately I am not able to predict what is going to happen but I think we have more financial collapses coming are way. They will hit some people harder than others. If you are not prepared you need to rush to educate yourself.
My predictions:
For every day that we loose business we will loose businesses. During each crisis it is a game of survival. Who will be able to survive and who will loose out to the game. The once who loose will loose jobs, families, homes and everything they have worked there life for. The once who survive need to restructure, implement changes and start over again. The road will be long and it would be stressful, emotional and a bitter pill to swallow.
The world will never be the same as it was. I don't know what is all going to change, nor do I know if I will be right. But I think that we will have a financial crisis worse than the great depression. Tens of millions of people will loose their jobs, homes and even their lives. Great companies will go out of business and the government will try to print enough money to bail out the companies that may not fall down. Because the government will keep on printing money the dollar will worsen and if not acted in time the dollar will be worth nothing. After this happened a new monetary system will emerge, maybe a digital one or one back by gold again.
What am I doing?
Just to be clear, I am not a financial advisor or expert, please do your own research before making investment decisions. I will never tell you what to do. I will only tell you what I do. This may be right or may be wrong. I don't know.
Right now I am watching the market. I am invested in three asset classes, stocks, precious metals and cryptocurrency.
For stocks I am fully focused on mining stocks, there is a shortage in precious metals and some dealers won't even take new orders. I think mining stocks will out perform the market in the rest of the year and the years to come.
For precious metals I hope that I can add more to my portfolio, not only for growth but also as a security for anything that can come during the financial crisis. Also the precious metals have outperformed any market index.
For cryptocurrencies I am continuing to invest in my portfolio to the major top ten crypto's. My main focus is Bitcoin, Ethereum and Ripple. These are the largest crypto's with regarding to market cap. Also over a longer period of time they have been proven to be a store of value.
I keep some cash for incidentals, emergencies and investment opportunities. I don't know what will happen or which one will survive. But my eggs in are all baskets and hopefully each basket with flourish to my investments.
Do your own research before investing. I recommend you watch the main stream media just as that you watch independent sources on Youtube. You need to listen to both sides of the story before you can judge about the facts and your investments. A few independent sources I would recommend are Mike Maloney from goldsilver.com, Robert Kyiosaki, The Rich Dad channel, Brian Rose, London Real, Patrick Bet-David, Valuentainment, Kitco News, for gold and silver investment, CNBC, main stream business news.
Thank you for reading, stay save and keep strong.
Franklin, Moments2Success.
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