Don’t leave your success up to luck…
Hey there…it’s me, Felix, your personal Ace of Investing.
Happy Good Friday! There’s a lot to dig into this morning. First, we’re going to take a look at all of the crypto that Mark Cuban is holding. But then we’re going to pivot over to why Alibaba’s stock is suddenly trending.
If you’re ready to up your ante, keep reading…
Like I said yesterday, cryptocurrency isn’t going anywhere anytime soon. As more and more companies embrace the digital currency, so do more investors, including celebrity investors like billionaire Mark Cuban. In a recent interview, Cuban opened up about owning a lot of cryptocurrency, but what type of cryptocurrency he holds came as quite the surprise.
As it turns out, Cuban owns quite a bit of Ethereum, which is the second most popular cryptocurrency, only behind Bitcoin. So why is Cuban so excited about Ethereum? For starters, he believes that Ethereum is adaptable over time, more so than Bitcoin or any other cryptocurrency. He also believes that it is the closest crypto to actual currency that is currently available. These are just a few of the reasons that convinced the savvy investor to double down on Ethereum. And while he owns a ton of shares now, Cuban does regret not getting in on the action earlier.
“I wish I had bought it sooner, but I started buying it four years ago, simply because I think it’s the closest we have to a true currency,” Cuban stated.
If Cuban doubled down four years ago and wished he had done so sooner, now might be the time for you to consider getting in on the action before you have regrets later in life as well. So if you’re looking to add a promising cryptocurrency to your portfolio before the price soars like Bitcoin, it’s time to up your ante and add Ethereum to your hand.
And while we now know that Cuban is a fan of Ethereum, what other cryptocurrencies does he hold? And what does he think about Bitcoin right now?
Alibaba’s stock is suddenly trending on Wall Street, and there’s a lot you need to know about that as an investor. Some analysts are calling for a bullish bounce to the $220 level, while others are saying not so fast. Either way, it looks like now is the make or break point for Alibaba – so make sure you get the latest details here to decide what it all means for you.
GROW YOUR INVESTMENTS
There are three main ways you can invest and grow $100,000 into $1 million for your retirement. Each of your options comes with a certain level of risk. As they say, more risk, more reward, so while one of the options is risky, it stands to earn you more money a little faster than the other two options. So what are the three investing options to flip $100,000 into a cool $1 million? Index funds, individual stocks, and cryptocurrency are three lucrative ways to become a millionaire by retirement. But which option is the riskiest and which one helps you play it a little more safe?
LET’S ADDRESS THAT MINDSET
This is the key to building lasting wealth
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
― Robert G. Allen
Now I am not using this quote to say you shouldn’t save. You definitely need some kind of financial nest egg in an easily accessible savings account. It is difficult, however, to build wealth simply by saving. With rock bottom interest prices, savings accounts don’t help grow your money. That’s why investing is so important. It makes your money work for you as your portfolio and wealth grows over time. Typical returns on the stock market are hard to beat and no savings account can hold a candle to the returns you can get from investing.
So much to Allen’s point, most millionaires and billionaires are huge advocates for investing – and many of them owe their financial success to investing, not saving. So make sure you have a nest egg put away in your savings account for immediate financial emergencies, but also ensure you are investing more for your long term financial security since that is the key to building wealth.
CRYPTO VERSUS TECH STOCKS
Dogecoin has been thrust into the spotlight yet again as it has seen an uptick in price the last few days. And while the popular cryptocurrency seems to be on an upward trend, some analysts are advising you to forget Dogecoin altogether and look at picking up a few tech stocks instead. While Dogecoin is showing some small, temporary gains, the cryptocurrency is so volatile that it may not be your best long-term investment. But there are three tech stocks that are your best bet right now. So, which stocks are analysts advising you to up your ante for?
The S&P 500 soared to new heights on Thursday, as it even rose above 4000 at one point in the day. As index funds were surging, a few other investments took a tumble. Which investments struggled while the S&P 500 went on one heck of a run?
INVESTING TODAY IN TOMORROW’S INNOVATIONS
Getting ahead of a trend is extremely valuable.
Trying to get ahead of the next investing trend can really help you earn a lot of money in the stock market. And while we really can’t predict with absolute certainty what will go on a bull run next, there are a few strategies you can use to try to get ahead of the game before a stock explodes in popularity and price.
One of those ways is to buy stocks that are known for innovation, or have plans to launch an innovative product or service soon.
Chances are pretty high that a new and innovative product or service can generate enough attention and lead to an uptick in sales that could send a company’s stock soaring. So if you’re buying low and already holding a stock that will soar exponentially in the future, that’s like sitting at the World Poker Tour table with a royal flush in your hand. You’re just waiting for the right moment to cash in because you already have a winning hand, while others are scrambling to make something happen.
So don’t be left out in the cold and forced to scramble when innovative companies suddenly surge in the next few years. The time to buy is now before it becomes trendy to do so. But which stocks should you think about adding to your hand now? There are 15 that you really need to consider, including Adobe, Generac, and PayPal. But what are the other stocks that could also be winners? And what makes these stocks such a good bet for a big future payout?
Thanks for taking the time out to see what the Ace of Investing had up his sleeve today.
Action is one of the best investments,
Editor-in-Chief at Ace of Investing
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