Get rich on Bitcoin with your money? Heck no!

Get rich quickly with Bitcoin?

Get rich with Bitcoin
Bitcoin hits all time high/r.classen/Shutterstock

That’s what the Winklevoss Twins of Social Network fame did.

Rich quick or slow
Win big or lose big when playing high stakes/Craig Barritt

I’m amused by Bitcoin’s meteoric rise and plunge. Aren’t you?

Bitcoin started 2017 below $1,000 and hit $19,345 on December 19, 2018.

Then the price . . .

  • plunged to $6645 a year later mid December 2019
  • rocketed almost to $29,000 in December 2020
  • hit a peak of $68,789 on November 10, 2021
  • closed at $19,896 on August 30, 2022

As Stevie Nicks sang, “The sea changes color, but the sea does not change.”

Manias change but a maniac’s behavior does not.

It seems that the less investors understand about a mania’s object, the more obsessed they are to own it at any price.

Not a wise plan.

Continue Reading “Get rich on Bitcoin with your money? Heck no!” >
Get rich on Bitcoin with your money? Heck no!

Download the best option for most money decisions

In most cases, the best money decision is in plain sight.

Money making stock decision
Money making stock decision/Nikada/iStock

Do I sell stocks? Do I sell the house?

What these decisions share is perception.

Perception that more satisfaction comes with a change to . . .

  • avoid loss
  • find greener pasture

Instead, skip the money mistakes with one simple decision.

Continue Reading “Download the best option for most money decisions” >
Download the best option for most money decisions

The Best Money Advice in a Savage Market Decline

Savage market declines are normal.

The difference between great and poor investors is how they deal with fear.

Market declines are normal
Schizophrenic investors respond emotionally making bad decisions

Every major news outlet is flashing Coronavirus.

Panic is everywhere.

But, as Warren Buffet said . . .

Continue Reading “The Best Money Advice in a Savage Market Decline” >

The Best Money Advice in a Savage Market Decline

Will the Coronavirus Crash the Market?

Pundits all over the media think the coronavirus could crash the market.

Coronavirus market crash
Medical staff work in Jinyintan Hospital in Wuhan on February 13, 2020/Getty Images

On Friday, January 17th, after a spectacular 40% run-up that started the day after Christmas 2018, the Standard & Poor’s 500-Stock Index closed at 3,329.62.

Five weeks and one day later, Monday, February 24, the Index closed a little over three percent lower at 3,225.52.

I am always amused by the media’s use of the word “lost.”

Continue Reading “Will the Coronavirus Crash the Market?” >

Will the Coronavirus Crash the Market?

Discover Surprising Wealth in These Shortcuts to Fortune

The greatest lesson I ever learned about wealth was shared by Kurt Vonnegut at a hedge fund manager’s house party.

Wealth secret one word
The secret to wealth is not what you see in this Hampton’s house party

He was gazing at the lavish digs with his pal Joseph Heller, the author of one of the top 20 novels of all time, Catch-22.

Vonnegut mused over the fact that their host had made more money in a single day than Heller made in a lifetime of royalties from Catch-22.

Heller responded and said . . .

“Yes, but I have something he will never have: Enough.”  JH

Here are three shortcuts for a sure path to wealth.

Continue Reading “Discover Surprising Wealth in These Shortcuts to Fortune” >

Discover Surprising Wealth in These Shortcuts to Fortune