-by Scoop (January 19, 2018)
f just a few years ago any of us were insightful enough to buy “Bitcoin” (BC) when each one cost less than $100 (USD) and then we tucked them away in our new “BC Wallet” there’s a good possibility this week that those who acquired BC are pleased with their risky decision, even though the so called ‘coin’ has plummeted in value recently. And that reminds me of financial advice that I’ve read about over the years, which is that for a low-risk & fairly respectable return on investment (ROI) the old-school proposition to ‘buy-low’ & ‘sell-high’ can be invaluable.
So Here’s The Scoop: In my humble opinion that adage is also true when it comes to the cyclical aspects of local, regional, national and worldwide economies and/or other aspects of (e.g.) high finances, etc., such as the old ‘what goes up, must come down’ maxim.
By the way; should anyone not yet be familiar with the investment wave in what’s called “Cryptocurrency” then ya might want to take a look. But I caution everyone – be very careful as the risk is ‘nail-biting’ and/or ‘hair-pulling’, to put it mildly, and many have lost and continue to ‘lose the farm’, so to speak, by speculating with these so called ‘coins’.
A good place to get started is to simply google Bitcoin or Cryptocurrency; but I’ll warn all you folks new to the ‘coins’ – what started off a handful of years back as one or two ‘coins’ – has now grown to a list of ‘coins’ to invest in that is unbelievably long; in short – Caveat emptor.
Those ‘coins’ aside – like many of you I’ve been monitoring the “DOW” (Dow Jones Industrial Average), too, and I gotta admit that since the “DOW” first started recovering from the 2007 “Great Depression” its performance has been stellar.
That said, I’m starting to be concerned that we’ve reached the point that (e.g.) when we’re at the Dentist, while in the chair for a typical check-up & cleaning, we’re being advised how wise it would be for us to invest now, to ‘get in the market’ before we miss the proverbial boat.
As many of you already know the “DOW” recently hit an all time high when it breached the 26,000 mark. And when it did, likely behind closed doors (e.g.) the champagne on Wall Street and in broker houses, etc. across the world was flowing like tomorrow is merely an abstract thought reserved for suckers, naysayers, the “Debbie Downer” types and those running around screaming doom & gloom: Look out, the sky is about to fall.
And enjoying that champagne (or Tequila, whatever) is fine – but while everyone is preaching all is wonderful, that the ‘ride’ shall never end and, like our dentist, are suggesting we now must get in while the gettin’ is good – I’m here to merely suggest that based on historical cycles & records going back a very long time the ‘get in now’ ship may be getting ready for the Captain to order ‘Anchors Aweigh” mates – “set the sails to the sky” – let us “get underway…”
Now I surely hope I’m wrong and that for the first time in millennia everything will continue to rise in value. That the “DOW” will soar past (e.g.) 70,000 – that each ‘coin’ will become worth more than a Gazillion dollars – and we can all soon retire at a place of our choosing with so much money we’ll never have to concern ourselves again with trivial issues such as economies and/or other financial matters.
However, on the off chance that might not happen I’ll conclude this week with a question for all of us in the Land of Time – and especially those of us who don’t have a yuuge back-up plan that includes a “safety in numbers” scheme like having a few hundred thousand or millions + ‘owners/members’ who are contractually obligated to send us money each year regardless of financial and/or economical ‘situation’.
And that question is this:
Did you ever notice that whether it is (e.g.) fine art, deliverable or stored precious metals, rare coins, stocks, bonds, annuities, options, pork bellies and other commodities as well as savings accounts, retirement plans, college funds and real estate, etc., the peddler, most often, will accept nothing more and nothing less than cold-hard CASH!
Hey, I’m just suggesting that if anyone is ‘now’ thinking about getting into (any) ‘market’ then maybe holding back for just a really short period might not be a bad idea. And for all you ‘reps’ selling slices of paradise on those magical little round tables; this might be the ‘time to love the one you’re with’ – you know, each & every sales guest you have the opportunity to meet/greet and then with those extra ‘deals’ – stuff some more cash into the old mattress, so to speak.
Good Luck Out There
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