Month: December 2017
Updated 9/13/2019 and may contain affiliate links Today might be the day that Mr. Shirts gets banned from the financial independence community. There's occasionally rumblings about how Index Investing is a bubble, but I say "so what?" Index investing is a great path to wealth and the trend towards index investing allows you to potentially capitalize on it with an occasional individual stock purchase. How so? Index investing pushes capital towards companies based solely on a public stock's total value and…
As the mania of Bitcoin continues (although it is down 33% from its highs as of December 22nd), I deliver to you the most recent bubble, precious metals. Ironically I'm writing this on a day where Gold is currently 30%+ off of its highs five years later and Bitcoin was down the same amount in one day! Gold and Silver: The last forty years. [caption id="attachment_324" align="alignnone" width="300"] Did I find this at the end of a rainbow?[/caption] Read More
On Tuesday, December 11th, the SEC issued a public statement for Cryptocurrencies and Initial Coin Offerings. I recommend anyone interested read this statement in its entirety. Some particular highlights: Investors should understand that to date no initial coin offerings have been registered with the SEC. The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies.[2] If any person today tells you otherwise, be especially…
1990s Tech and Internet Stock Bubble I have always been a money nerd. In high school I was watching the market run up and people talk about technology and telecom stocks as the new tomorrow. My 62 year old grandfather had initially taught me about investing. He was nearing retirement after a long career in the late 1990s and was due two nice pensions in his future. Additionally, he had a small portfolio and just come into some money from…
Cryptocurrency is all the rage of 2017. Bitcoin, Erethium, and ICOs. What the heck? You can't venture on to any personal finance forum or twitter without seeing passionate arguments on either side. New age technology vs. beanie babies and tulip bulbs. At the time of writing, someone else is calling Bitcoin "the most obvious bubble of our lifetime". [caption id="attachment_260" align="aligncenter" width="300"] A recent forum reply to a criticism of Bitcoin as an investment. Apparently reading a history book doesn't…