It is september 20th and we are getting closer to find out if there will be a rate hike or not. My belief is there will be no rate hike but I have a plan for my own portfolio if they do. This year I have been purchasing Gold and Silver mining shares, with the majority of them purchased in the first 4 months of the year. I have seen great returns of around 200% to this day. The problem is if there is a rate hike, that could damage my portfolio greatly or even wipe it out if it creates the current bull market in gold to turn out to be a bear market rally, which is still possible at this time. My plan if this happens is to sell all my mining shares, which I am in 100% for my positions in the market, so I can have all cash and buy back at a later date or short the market. If gold breaks the support level it currently is close to, I will be thinking about selling and buying back at a discount. If the rate hike happens, I will be most likely taking that cash to short this market assuming gold goes down with the market, which it would appear is likely to happen judging by the other week when the fed mentioned hiking rates and it dropped the stock market 400 points, and gold and oil went down for that ride as well. The stock market does show signs for a top at the moment, and when it falls, it will fall fast I assume just as it did the first time they hiked rates. Volatility will be a good play if this happens.
This is how I see the market, and how I plan on playing it. It will be an interesting two days to see what happens with all of the markets. I'm excited to watch, the markets are going to explode one way or another. Thanks for reading.
Tuesday, 19 January 2016
2016 and its opportunities
I am starting to believe we may be entering a recession sooner than I had thought. I was believing we would see a recession by the end of this year, or early 2017 but We may be entering a recession right now as some indicators are showing. If we see another interest rate hike from the federal reserve, I believe the dow jones index could drop to 14,000 this year, with oil going down to 20-25, but we are not that far as we currently are at 28.5. This will be an excellent opportunity to make a 50% -100% move when it hits its bottom. The opportunity to make tremendous gains in gold and silver looks like its appearing now as well, as companys producing those metals are dropping like a rock, down 10% on average today alone. I expect oil, metals and stocks will continue to fall until you see the federal reserve print more money (QE4) or them reverse the interest rate hikes. If they don't do one of those two things, we will be entering a great deflationary period that could be worse then then great depression. We are on year 7 since the last recession, and recessions occur every 2-9 years. What bullets do we have when we enter the next recession? They will have to print more money, and that will create our opportunity for tremendous gains in both oil, and precious metals. I have been investing in precious metals myself, but with these deflationary forces we have coming, I am starting to put new investments into the U.S dollar most likely, since my canadian currency is going to continue to fall with oil prices, and holding a cash position will put me in a great spot for any coming opportunities.
Click here to see some charts from Mike Maloney, that point to exactly what I'm saying here.
Click here to see some charts from Mike Maloney, that point to exactly what I'm saying here.
Thursday, 7 January 2016
2016 predictions and how to prosper from them
The future of the global markets is volatile. This past week, china's stock market has dropped 7% twice, causing a trading halt for the rest of the trading day. It took 29 minutes of trading to hit this mark today. This caused the dow futures to hit a low of 16,400 roughly, going down about 2.5%, which is about 500 points from 16,900 its previous close. At opening, the bids took the price up a bit higher, and it closed at 16,500. With some countries such as China, and Canada in a recession, you can expect this to cause a chain effect that will drag the U.S into a recession to. Knowing all this, what can we do to stay safe? Americas stock market is most likely to be dragged down along with the rest of the global stock markets, so you don't to be caught in them until valuations of the company's become an excellent opportunity. How do I know that stock prices are going down? Well one reason is the fed is raising interest rates, which slows growth, inflation, and is a measurement used to prevent creating bubbles if certain markets get to hot. We already have low growth. Inflation can be seen in certain places on the economy, such as the stock market, real estate, and food. The federal reserve says inflation is low though, so we can expect them to try to fight that. Since they stopped QE, which is another name for printing money, and interest rates are going up, slowing any growth that we currently have, and a lot of country's are starting to go into recession, this is all deflationary. Baby boomer's also spend less during retirement, which is deflationary and them all pulling money out of their pensions and 401k's in waves, which just started a couple of years ago, will not help the stock market go up either. The stock market has not done anything really in the past 15 years. The risk to reward for anyone in a mutual fund has risk outweighing the reward big time. Dow 10,000 is alot more likely then dow 20,000 unless more money is created which may cause people to lose faith in the dollar if they continue to do that, which will lead to high inflation. The real estate market is going to go down with higher interest rates. Speaking of oil, in my city, a house that sold for 760k just sold for 1.09m after 3.5 years, which is 330k rise, which is pretty much a 45 percent increase. Risk outweighs the reward on that one for sure. Canada's real estate market is a bit too hot for my liking. Positive cash flowing real estate is good still though. Oil still has a bit to go down since we are in a deflationary period. It could go as low as 10 a barrel but I think 20 dollars a barrel is a great opportunity still. So what I think is the place to be is in two things. The american dollar, or silver and gold. The dollar will get stronger as people run to it in economic uncertainty. Silver could go down to 7-8 dollars U.S which is about a 50 percent drop from the price it currently is but at that price, the premiums you pay will be higher than the current price you see today. That is what happened in during the crisis, as silver went down in price, you were still paying 20-30 dollars for silver since the supply was no where to be found. Since the price of silver has already crashed about 70 percent, it has started to slow down production but demand has been continuing to grow. If prices crash to 7-8 dollars, companies are going under, production will crash, and anyone who owns shares of company's that can survive this period, and physical silver will be getting ready to watch their value go up dramatically. I do not know if the ETF SLV will survive though, so I would rather pay a premium to insure myself to have it in my possession. My prediction is silver and gold bottoms in 2016, global recession hits before second quarter of 2017, maybe sooner, and the dollar hits new highs. I believe the stock market will end lower then it started, but I do not know how low it will go. It could make a new high but I'd bet against that by owning silver. I believe we are due for another crash and my guess is something happens after U.S elections. They always push the problem to the next person so they can deal with it. Janet yellen will be cleaning up Bernakes mess and I would assume its after elections if they can hold everything together till then. Why do I feel so bearish to the global economy? The problems that caused the 2008 crisis were never fixed. They just printed money, bailed out corporations, and pushed the problem into the future. It will be interesting to see how the future plays out, Im not even sure if interest rates can continue to rise. The government can't afford its debt if rates start to rise. I could see negative interest rates appear in america, though I would be surprised though to see that. I have learned to expect the unexpected though when it comes to this corrupted system.
Thank you for reading, and I hope you all take action to buy silver and gold, as well as silver and gold mining shares. Add a bit of the US dollar in your portfolio to make it a bit less volatile. The bottoms are coming in this year, if we have not already reached them.
US dollar value:UP
US stocks: down
Silver: down then up.
china: down. Bear ETF
Cash position is good to hold for up coming opportunity
Any money printing or lower interest rates could change these predictions for 2016
Thank you for reading, and I hope you all take action to buy silver and gold, as well as silver and gold mining shares. Add a bit of the US dollar in your portfolio to make it a bit less volatile. The bottoms are coming in this year, if we have not already reached them.
US dollar value:UP
US stocks: down
Silver: down then up.
china: down. Bear ETF
Cash position is good to hold for up coming opportunity
Any money printing or lower interest rates could change these predictions for 2016
Tuesday, 10 November 2015
Blog list
Hey everyone, We decided to make a list of all our blogs put into one place so you can look at all the tittles and pick out which ones you would like to read. Hopefully a few will interest you. We hope you enjoy what you read, and can learn something for whatever it is you choose to read. Thanks for the support!
This is our first blog, which is just a introduction. If you'd like to know a bit about us, check it out.
This blog is written a bout a few people that were average people or had nothing to their name, and turned it into a fortune.
These two blogs give a few idea's of how you can increase your income, in a way that could be a lower tax bracket then what your currently in. These work in any city, especially expensive city's such as vancouver.
Here is a list of some blogs that you can get a bit educated on a topic of your choice, to learn how you can increase your income, and learn how to start investing.
Here are two examples of how to make cashflow in two different asset class's.
This blog will open your mind to prepare you for a glimpse of the future
If you own mutual funds, give this a read for sure. It could be very rewarding if you learn a bit about mutual funds and decide to take action
These three blogs will open your mind on becoming successful. It isn't what you do but how you do it, and why you do it. We give a few examples of vehicles you can use to get to the level of success you want, but ultimately, its your why that pushes you be successful at whatever it is that your doing. This is where you should start if you do not know the secrets to succeeding at anything you want to succeed at in life.
The first two blogs are reviews on a book and a teacher, that educate you on the stock market. The book is a great read. The last blog is a teach on financial education. He is my favourite person to learn from.
This is a little story about the progress and past history on our journey. Give it a read.
Here are the last of our blogs.
I hope you have found some that sparked your interest, and you enjoyed. Feel free to follow us on twitter, facebook, and you can even add my facebook account personally. Thank you for reading.
The face to the name
Sunday, 1 November 2015
Grow your Income by opening your mind
Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, we will talk about growing your income. You have to open your mind to get to the next level financially and you must push past that fear of losing!
If you want to grow your income, you must open your mind on ways to make income. You have to be willing to take risks with your money. You can't looking at your only source of income coming from selling your time. You can only get so far by asking for raises. You can't go spend more than you earn, and you cant be scared to lose all that you've saved. Knowledge is more important than money, so don't be scared to spend time and money on your education. If you know how the process of making a lot of money, you can easily repeat it if you lose all your money. If you have a lot of money though and you lose that, without the knowledge of how to regain it, your lost. That cancels out winning the lottery as a way to grow your income. The person who is to scared to take a chance on an investment, other than a 2 percent guaranteed investment, or a mutual fund will not get ahead but neither will the person who throws their money in an investment without any knowledge on it. One thing I believe is that to get more in life, you must give more in life. I daily donate a portion of my income. I told someone that recently and they thought I was crazy, they said think about how much that is in the long run. Those who fear losing money will not get ahead which is why I give daily. So if you truly do want to grow your income, your going to have to get your financial statement in order. Your going to need to use a portion of your income to power build your asset column with positive cash flowing assets. You can invest in a portion of income towards capital appreciation assets but those don't increase your monthly income. Look for a service you can provide to others part time to grow an extra income on the side. Perhaps a small part time business, whether it be starting in your garage, or on your computer over the internet. Your goal is to slowly increase that income until it reach's or surpass's your income from your job. Once this happens, I would suggest you you quit your day time job and work and growing your cash flowing asset column to the next level. Why do I say that? I've heard people say that if they had $20,000 dollars residual income coming in from investments, they would still work for money to make 200 a day. Why would you go to work and spend your valuable time making $200 a day when you know how to make $20,000 a month without working? What's more likely, you doubling your income from your job to $400 daily, or you repeating the process you have already done to create another $20,000 residual income to total $40,000 monthly income. If you know how to accomplish that first step, and you have more time to focus on doing it over again, how long do you think it will take you to double your passive income? Stop thinking small and picturing 30 dollars as an hour of a time. Think big.
Thanks for reading! Feel free to take a look at more of our blogs by clicking below!
Friday, 30 October 2015
My journey to the millions
As a young kid, I hated school. I felt lost from having to wake up to go to school which I did not feel a need to go since I didn't understand what joy there is from going to school for 12 years, just so I could graduate to get a job until I'm 65. That thought didn't excite me at all, and it made me hate school. Once I hit high school, I dropped out instantly on the first day and didn't make it back until 2 years from that day. I started at an alternative school, and shortly after, I started buying and selling random items such as bikes, games, gaming systems, etc to make a profit. To boost my money to play around with, I got a job at Mcdonalds. I didn't like the job, but I did like the people I worked with. I had started to finally find meaning in life as I watched my small part time business rack in more profits as I had more money to play with. After about 9 months, I had to quit my job to focus on my small business that was earning more income than the job by twice as much at some periods of time. I slowly started to get bored of this business and was introduced to multi level marketing. I joined instantly and started to learn, and grow as a person. My business did very terrible, I lasted 3 months before I quit but this opportunity was what made me realize is I am meant to be an entrepreneur. I used the time after this to start studying investments such as commodities, and the economy. I worked on learning how to position myself with the profits I made from my small business that I gave up to start to pursue something new, and what I started with was buying gold and silver. I bought the majority silver at $25 an oz, which hurt me since it is currently at $21 today which is 3 years later roughly. For my second investment, I wanted to get in the stock market but I was only 18 and had to be 19 to open an account. I found a trusted person to open an account that I could have control over, and I bought a solar panel company, stock symbol YGE for 3.50 a share and sold it at 5.75 a share three months later. At the time, I had no idea what I was doing, but I got pretty lucky with this trade. I would had held on to this but I transferred the funds into my name as I was finally 19, and my stock broker took over from there. My stock broker has made a few killing stock trades in the past couple years. He focus's on penny stocks, which most are garbage in my opinion, but I believe my first trade was AIX.V and I flipped it from 3.5 to 5.5 cents. Another great trade was DIDG at 5.5 cents, sold at 9.9 cents. That was a nice trade, and still is in my top two trades to date. My next venture was starting my own small junk clean up business. I bought myself a truck and starting using people I know in the construction business as leverage to find work. I was renting a Dump trailer for a monthly fee and made a few decent jobs that were nice profit. This came to an end when I lost my drivers license from having to many tickets as a new driver. I wasn't the brightest kid growing up. I gave up on that business and started to focus again on investments. I found an investment in a small construction business that was offering around 4x my investment to fund them. It was initially going to take about a year to receive my return, it ended up taking a period of two years and the returned amount 3x my investment, since it was not a locked in number. Still a great investment though of course. One thing I also tried was binary options. Short story, I lost all my funding I put in within the first day. After this I continued to look for ways to get rich and make it big. I decided to do day trading, since I loved the stock market already so much. I did make a few good trades, including one that I made a 50% return on in a matter of 4 minutes, but I parked all my money into a pump and dump failure, when I thought it was a great discount to buy. I lost it all. This was a big set back in my investing since my silver was at an all time low at this point and I lost all the money I put in the pump and dump, and was using my other investment income to live off.
I have made many mistakes, and have made a few really good investments. Today, I look back and go what the hell was I thinking. I have been focusing hugely on education and if I new what I knew back when I was 17, I probably would have made it by now. What I am focusing on now is using other peoples money and other peoples time to create income now. My investments now are being aimed for cash flowing assets. I am now focusing my money on cash flowing stocks while I get educated in the real estate market to learn how to make money there. I have made enough mistakes to instantly jump into any more get rich quick schemes, so now I take the time to get educated on the subject before throwing money at it. One investment right now I have is using other peoples money, and other peoples time to create a return of roughly 30% percent minimum (could be as high as 100%) to create money that I can use to purchase some cash flowing assets with. All I want to focus on is growing my monthly cash flow income from investments to $3000-5000 so I can spend my time however and continue growing my investments with that money. I have learned that true wealth is time and freedom. It does not matter what my net worth is from these assets, all that matters is I continue to grow my assets and have the freedom to spend my time however I would like. I am now 21 and the goal is to be rich by the age of 25, with 10,000 cash flow income coming in every month from assets.
I have made many mistakes, and have made a few really good investments. Today, I look back and go what the hell was I thinking. I have been focusing hugely on education and if I new what I knew back when I was 17, I probably would have made it by now. What I am focusing on now is using other peoples money and other peoples time to create income now. My investments now are being aimed for cash flowing assets. I am now focusing my money on cash flowing stocks while I get educated in the real estate market to learn how to make money there. I have made enough mistakes to instantly jump into any more get rich quick schemes, so now I take the time to get educated on the subject before throwing money at it. One investment right now I have is using other peoples money, and other peoples time to create a return of roughly 30% percent minimum (could be as high as 100%) to create money that I can use to purchase some cash flowing assets with. All I want to focus on is growing my monthly cash flow income from investments to $3000-5000 so I can spend my time however and continue growing my investments with that money. I have learned that true wealth is time and freedom. It does not matter what my net worth is from these assets, all that matters is I continue to grow my assets and have the freedom to spend my time however I would like. I am now 21 and the goal is to be rich by the age of 25, with 10,000 cash flow income coming in every month from assets.
Thanks for reading! Feel free to take a look at more of our blogs by clicking below!
Tuesday, 27 October 2015
How to build true wealth
Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, We will be talking about creating wealth. We will be going through cash flowing assets and creating money to build time freedom. We hope to educate you more financially so you know the other options out there other than getting a job.
If you want to be truly wealthy, with time and money, your going to need to start building assets. The definition of an asset is something that puts money in your pocket. It does not matter what you choose to use to get to this goal, but I highly suggest you look to create cash flowing assets rather than assets you hope to go up in value. It makes so much more sense to get paid to take the risk while you wait for the appreciation of that asset. One example of an investment I am doing right now is using other peoples money and other peoples time to create a small amount of money that I plan on using to acquire a positive cash flowing stock from its dividend. I have high hopes for this stock, and I will be paid to take on the risk.
You too can do similar investments like this through wholesaling real estate and using the gains from it to buy cash flowing assets of your choice. The rich create money and have their money work for them. If you want to be truly rich, you must create money. You can do this by starting a business, and taking it to the stock market. When you sell a portion of your company, your creating money. Your like a bank, printing money out of thin air. You can do this by adding value to a property, or wholesaling real estate or doing rent to own real estate deals. You must open your mind so you can begin to see how you too can do this. It does not need to be just real estate.
So if you want to be truly rich, the two things you must do are learn to create your own money, and start acquiring cash flowing assets. These are the true secrets to building wealth. Wealth is Time and Freedom. Money gives you the freedom to do whatever you want, and Time is everything. Do not say time is money because it will be pretty sad if all the banks started writing checks for everyone and said your life is now mine, thank you. Time is everything.
If you want to be truly wealthy, with time and money, your going to need to start building assets. The definition of an asset is something that puts money in your pocket. It does not matter what you choose to use to get to this goal, but I highly suggest you look to create cash flowing assets rather than assets you hope to go up in value. It makes so much more sense to get paid to take the risk while you wait for the appreciation of that asset. One example of an investment I am doing right now is using other peoples money and other peoples time to create a small amount of money that I plan on using to acquire a positive cash flowing stock from its dividend. I have high hopes for this stock, and I will be paid to take on the risk.
You too can do similar investments like this through wholesaling real estate and using the gains from it to buy cash flowing assets of your choice. The rich create money and have their money work for them. If you want to be truly rich, you must create money. You can do this by starting a business, and taking it to the stock market. When you sell a portion of your company, your creating money. Your like a bank, printing money out of thin air. You can do this by adding value to a property, or wholesaling real estate or doing rent to own real estate deals. You must open your mind so you can begin to see how you too can do this. It does not need to be just real estate.
So if you want to be truly rich, the two things you must do are learn to create your own money, and start acquiring cash flowing assets. These are the true secrets to building wealth. Wealth is Time and Freedom. Money gives you the freedom to do whatever you want, and Time is everything. Do not say time is money because it will be pretty sad if all the banks started writing checks for everyone and said your life is now mine, thank you. Time is everything.
Thanks for reading! Feel free to take a look at more of our blogs by clicking below!
Subscribe to:
Posts (Atom)