The NFT Boom: Scam Or Real Deal?

art nft

If you follow the crypto news, you may have heard of these crazy NFT projects. Digital assets are rising in value to the point where people will pay almost anything. In March this year, an artist called Beeple sold a digital collage for $69 million. As for May 2021, the cheapest crypto-punks sell above $30,000. Not too long ago, these were worth a few hundred dollars. But in the next 5-10 years, people expect to sell them for over a million. Another …

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12 Expensive Crypto Scams That WILL Happen To You + Prevention Tips

Cryptocurrencies bring a lot of opportunity for investors, and it couldn’t be more true for scammers. In fact, it’s become their favorite space, so expect to hear about them. They’re everywhere at all times, so it’s a matter of time you encounter one. But are you ready to protect your money? Someone right now could be promoting a Bitcoin pyramid scheme. People are sending them money that they won’t see ever again. Maybe a hacker is planning an exchange attack. …

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Buy Before They 100X: How To Do Your Own Crypto Research

How To Be Ahead Of The Herd

Right now, there’s probably a cryptocurrency project that’s about to skyrocket in price. The question is, are you willing to put time to find it?

If so, you’re in the right place. The following method will improve your research skills, so you can find those coins before they 100x.

Are You Investing Based On FAKE Crypto News?

Why Are There So Many Fake News In Crypto

Have you ever wondered why it’s so hard to understand the crypto markets? Even if you research the latest news, things can play out the opposite way. Maybe the prediction was right, but the timing wasn’t. Maybe you sold before a coin skyrocketed or bought at a peak price. The question is: are you doing your research, or are you following someone else’s predictions? Because in these markets, there are many incentives in deceiving investors and spreading fake news. Why …

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How To Invest in Your Children’s Future?

Why Invest in Your Childrens Future

Imagine where you would be today if someone invested in you as a child. Maybe you’d have more money, a better career, and more skills. How easy would it then be? Whether it happened to you or not, you now have the chance to do so with your kids. So that they never have to face the same difficulties again. When parenting, we tend to overlook money matters. It’s common to underestimate what it costs to raise children and how …

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How to Invest in Hedge Funds?

Are Hedge Funds Worth It

New investors have it better than ever. For a tiny fee, the best funds will manage your money for the maximum profit. And we’re talking about professionals with trading equipment who invest for a living. Too good to be true? Maybe. When you trust your money to a mutual fund manager, you expect to get a return. Even if they’ve overperformed the market for years, it may not always be that way. You might sometimes earn nothing. But don’t worry. …

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What Is a Silent Partner?

What Is a Silent Partner

What is a silent partner, and should you get one? Traditionally, a partner is someone who will share the risk and responsibilities of a company. You sign an agreement that specifies your role and profit percentage. As for why people seek business partners in the first place, the reasons are many. By far the most popular is: “I have a great idea but I don’t have enough money. Banks don’t lend and I can’t find investors. So I need a …

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How to Protect Your Investments: Buying a Put Option

Buying A Put Option

Should you care about buying a put option? Imagine you put $1000 on a stock. And after a few months, it doubles its price, so you get $2000 back. But things don’t usually go as planned. It can also drop by 50%, which means you lose $500. And for every dollar you lose investing, it takes twice the performance only to get back to zero. Given that all of us lose money sometimes, this problem can seriously affect your profits. …

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Recession Proof Stocks: The Outliers

Recession Proof Stocks

What do you do in a recession? Some people think it’s safer to get out of the market. Meanwhile, others are looking to buy discounted stocks. But timing isn’t as easy as it sounds. You may buy “low” and see the stock go even lower. Or you could not buy and then watch it scale to the Moon. Whether you take the opportunity or not, it’s safe to assume nobody likes losing money. When the whole economy is at risk, …

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Where to Invest 100K to Make 1M+? ✅ Fast ✅ Low Risk

Where To Invest 100k

How would you spend your first $100K? If you’ve ever thought about that, you’re already making the wrong question. There’s no right way to spend money because you lose it forever. Spend $1 or spend $70,000. It doesn’t matter. You can only get limited value from your purchases. That’s why the headline is “Where to invest $100K?” Where can you put these funds to make even more money? You see, the saving mentality is about making the money last as …

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Why Is Compound Interest Preferable To Simple Interest?

Which One Would You Choose

Let’s say you have a million dollars and want to live off interest rates. Does it matter whether you choose simple or compound interest? For money reasons, you always want it to be compound. It grows faster. One is linear while the other is exponential. Say we have a generous offer, 5% of simple interest per month. For $1,000,000, that’s $50K/month. Not bad. And if you choose the compound interest, it’s generally lower. Let’s use 4% of $1,000,000. But compound …

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What To Do With Extra Money?

What to Do With Extra Money

Have you ever thought about what to do with extra money? Neither did I. This question isn’t very different from winning millions in the lottery. What are you going to do with that money? We know one fact. If you don’t know how to spend it, you will waste it. There are too many distractions in the world, and everyone tries to convince you why their products are valuable. If you don’t know what you want, you don’t have extra …

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How Many IRAs Can You Have?

How Many IRAs Can You Have

IRA plans only allow up to $6,000 in yearly contributions ($7000 if you’re 50 or older). With such a low limit, one may wonder: Can I open a different IRA and invest $6000 in each? Also, IRAs allow for more investment types than 401Ks. That means that if you put a high-risk investment worth ~$6000, next year, it may be worth twice as much (or half as much). You can also play it safe and do Treasury Bonds instead. Maybe …

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Are Diamonds a Good Investment?

Are Diamonds a Good Investment

Everybody knows what a diamond is worth. Well, kind of. What ideas come to your mind when you look at a gem like this? Status? Luxury? Love? I haven’t met many people who own real diamonds. But everybody agrees they are worth a lot. Around $1,000-$2,000 for a fairly regular sized one. Now, would you ever buy one? Probably, if you have nothing better to do with your money. Which is not the case. It’s not like it’s essential for …

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How Old Do You Have to Be to Invest in Stocks?

Stock Investing Age

I’m sure you’ve thought about it at least once. You look at the stock market and watch the returns created in the last few decades. You say: “Wow! If only I invested $100 10, 20, 30 years ago, I’d now have over five figures!” Imagine it’s your tenth birthday, and someone gives you $100 as a gift. That’s a lot of money for a kid. Anyway, you’d probably spend it quickly and not even remember about it. What if instead, …

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Can You Lose Money in an Index Fund?

Can You Lose Money in an Index Fund

There’s one thing index funds do very well: minimizing risk. When you add a lot of stock variety, it’s easy to protect against bad trends. Unfortunately, that means you can neither earn much in the short term. It removes uncertainty and places the bets in the long run. You almost never hear of people who lost money after years of investing in index funds. You may even think it’s not possible to lose, no matter what you do. What we’ve …

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How to Make an Offer for a House and WIN

Why Should You Make an Offer for Your House

Whether you’re buying commercial properties or looking for your dream house, there will be trade-offs. Everybody loves great deals. You want to buy it for low. But the seller wants to sell it for as much as you can afford. Is it possible to reach a win-win situation? Not always. Depending on your expectations and who’s selling the house, you may or may not get to an agreement.  Depending on your case, getting a bridge loan might help getting closer …

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Recession Proof Stocks: The Outliers

Recession Proof Stocks

What do you do in a recession? Some people think it’s safer to get out of the market. Meanwhile, others are looking to buy discounted stocks. But timing isn’t as easy as it sounds. You may buy “low” and see the stock go even lower. Or you could not buy and then watch it scale to the Moon. Whether you take the opportunity or not, it’s safe to assume nobody likes losing money. When the whole economy is at risk, …

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8 Types Of Investments Explained, from Crypto to Commodities

What is a Stock

The rich get richer because of leverage. They don’t trade hours for dollars but instead have their money work for them. What does that really mean? The market is full of value inefficiencies. Understanding how companies evolve and managing risk can multiply your money (or lose it all). When you first hear of investing, it gives misleading connotations. You either think of it as a lottery or expect to make money always magically. But trading is far more than buying …

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How Do Beginners Buy Stocks: Do’s & Don’ts

Things We Wish Beginner Traders Knew

Beginners often face a contradiction. Everybody that first enters the stock market perceives it as the most complex finance in the world. Experts tell you most traders don’t earn money, and you can never guarantee results. But as soon as you take your first position, you find a different story. Maybe you win four times in a row with an improvised strategy. Everything looks straightforward and easy to predict. You could say your win rate is over 50%. Then, you …

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