(I am not a licensed Financial Advisor. Please conduct your own due diligence and consult a professional before investing in volatile assets.)
Table of Contents· Introduction
· 1. Autonomous Vehicles
· 2. Digital Payment Platforms
Advancements in technology over the past 20 years have propelled the economy into unprecedented territory. Following the United States’ recovery from the 2008 recession, the stock market has continually hit new all-time highs every year since 2013.
These rapid advancements have permanently changed economic markets while providing consumers with more convenience than ever before.
At the same time, classic mega-companies in industries…
(Not intended to be investment advice. Please conduct your own due diligence before investing in volatile assets such as cryptocurrency.)
In the past year alone, Bitcoin’s value has grown over a whopping 780%. It has received massive support from investors like Elon Musk, and institutional investors have begun dumping billions of dollars into the coin.
Its massive uptick in value has left people questioning whether Bitcoin’s value will ever truly reach a point where it can represent a proper, genuine currency around the world.
Most analysts agree that if it were to represent a main store of value globally, much…
Diversifying your investments to reduce risk is probably holding back your profits in the stock market.
Before I begin, let me make one thing very clear. I am a proponent of diversification; I believe it plays a critical role in minimizing your risk in the stock market, and I use it in my own portfolio. Diversification is one of the most fundamental, basic, and praised investment principles used by just about every investor ever.
The problem lies in that many individuals do not understand how to diversify efficiently and are destroying their total returns by over-diversifying.
In principle, diversification makes…
In a world where saving money is praised and celebrated, your savings account is doing remarkably little for your future.
Countless studies and articles emphasize that the mass majority of Americans are not saving enough for retirement. In fact, this study by the Transamerica Center for Retirement Studies suggests that the average American in their 40s has only saved about one fifth of the amount which they would need to retire on $36,000/yr.
Indeed, many Americans are not hitting their retirement goals, but these papers often point readers in the wrong direction to begin accumulating the wealth that is necessary…
American University - Economics and Government | Investor |