Investment Tips For The Upcoming Generation

Millenials are next to inherit the financial world, and they are sharper than Gen-Xers ever were in their prime.  Millennials are the first generation that grew up in a tech savvy world, and you better believe they know how to navigate their way around an app.  

The key is to turn your young mind towards the future.  Invest the money you’ve worked hard to obtain, and compound your total nest egg with time and knowledge.  Here are some smart financial investment tips for the upcoming generation.

Find an accomplished financial advisor

If you’re not really in the know when it comes to the world of the stock market, then you will need some help navigating the treacherous waters.  Find an honest financial advisor, as you don’t want to get into any trouble with FINRA (Financial Industry Regulation Authority).  A solid financial investor will have a history of giving great advice, and he/she will be able to prove it.

Start investing as soon as possible

The earlier in your life you begin to build your portfolio, the better.  You will have more years to learn, diversify, and solidify your investments if you begin working the markets early.  The market is also soarly unpredictable, and it’s helpful to have a stash of financial security.

If your employer offers you the option of a 401k, take the offer every time.  The more you can toss into your retirement fund, the happier you will be when you’re old.  

Do not forsake a decent risk

Risk is necessary in life, and there’s a way to take calculated risks.  Financial investment is the place for these leaps of faith, but you have to find a reason good enough to take the risk.  Keep your safer investments like a traditional savings account or a savings bond, but step out of your comfort zone a little to diversify your portfolio.  

Don’t let your investments manage themselves

Be an active investor.  When you make an investment, don’t just let it sit.  Watch the market, and keep an eye out for a buying or selling opportunity that could bring in a higher ROI (return on investment).  

Keep your debts as low as possible

You’re still young, so hopefully, you haven’t already built up an excessive debt.  Even if you have, start working to pay down your debts.  Your future takes time to build, and relieving your identity of stray debts will help you go further.  

Start by taking a thorough inventory of your financial history.  Get a credit report from all of the most vital credit reporting agencies, and sift through every entry for errors.  Many people allow financial errors to weigh down their credit score, when a simple dispute of the charges could make them disappear.

What To Do With Bitcoin Investment In 2019

Forbes noted that in July of 2018, the price of Bitcoin (BTC) spiked past the $US 8000 mark fueling speculation that it may return to the heights it had previously tested in the past. After a few months however, it was noted that the price continued to plunge, settling at somewhere between $US 3000 and $US 4000 in January 2019. For many crypto speculators, the days of quick movement and fast cash are over. However, there are still a large amount of people who are “hodl”ing onto their BTC stash, waiting for the predicted rise in value. What do the business experts have to say about the possibility of another BTC bull run this year?

Price Fluctuation is Evident

BTC has shown its penchant for trading in a volatile manner and because of that, it’s very likely we’ll see a lot of spikes when it comes to BTC over this period. Coin Telegraph states that, in December of 2018, BTC volatility tripled, despite the fact that prices over this period were plummeting. This may be good news for traders who intend to short the coin as a commodity, since it creates a lot of good setups if the value of the coin continues to fall. However, for those who already have BTC in their portfolio, it’s just a matter of waiting out the fluctuation and seeing where the final price leaves you.

Playing the Long Game

Many of the adopters of BTC that got in when the coin had already breached massive highs are currently suffering the losses, but once they hold onto the coin itself, the losses may write themselves off. Most predictions for BTC see it being stable and even gaining ridiculous amounts of value in a five to ten-year span. Some predictions even place the maximum realized value at twenty years, citing things like inherent scarcity of the coin as well as adoption by international banking institutions. BTC already serves as a standard for other cryptocurrencies, and this means that if any of those get adopted as a viable alternative to fiat currency, there should be a knock-on effect that impacts the value of BTC as well.

External Factors should be Considered

Coin Codex notes that in the long run, external factors like BTC futures trading can lead to a decreasing of volatility in the market through increased liquidity. Additionally, as more and more investors get drawn to BTC, more and more value will pour into the network and increase its presence. These things suggest that, instead of a short term outlook on BTC, investors ought to think about the long term gains. Despite its inherent differences from traditional financial instruments, the supply-demand curve is still in operation and the scarcity of the coin will eventually lead to increase in value, provided it becomes adopted in a more widespread manner.

Riding the BTC Train is Dangerous

In the past, fortunes could be made in a matter of hours on BTC using Harga Bitcoin. Today, that scenario has completely changed. Just like all other financial instruments, it is a risk that the investor is taking and such risk should never be taken lightly, nor with money that is necessary to fulfil other needs. BTC’s future is still murky, but signs are strong that we will see it increase. This year will be crucial to BTC’s continued success over time, especially based on the wider acceptance and usage of cryptocurrencies. We are also likely to see a cleanup of “junk altcoins” on the market as they lose value and slowly drop off the radar, leaving the handful of resilient coins to retain their value and improve. While the immediate future of BTC is a bit of a black box, it’s long-term outlook is still relatively secure. 2019 will serve to cement this opinion if bitcoin rises. For those who aren’t already in BTC, it is important to note that just like every other security instrument, investment should only be made with funds that the investor can afford to lose.

Digital Currency At Year’s End: Crashing On The Cusp

As is often the case in massive cultural and societal shifts, the story of cryptocurrency’s 2018 ups and downs is incredibly complex, requiring several smaller stories to explain its current place in the world, and why people are so stirred up over it. This post is particularly aimed at folks with a reasonable understanding of the world of crypto, so if you’re a little out of your element, we recommend reading up on the basics first.

In this post we’re going to look at two seemingly contradictory trends in the world of digital currencies and why they are likely to become a tipping point for this revolutionary technology. We’ll cover these trends in two sections and then explore what it means when you bring them together.


Fringe Adoption Vs. Mass Adoption


While crypto’s detractors (and there are many) will argue that spending Bitcoin, Litecoin, etc., is complicated and unsecured, reputable companies such as Microsoft, Subway, Overstock and Expedia have all begun accepting popular cryptocurrencies. Additionally, many small, independent businesses, retailers, cafés and so forth, have begun accepting cryptocurrency as an alternative to government-controlled centralized, fiat currency. In this sense, crypto is inarguably growing closer to mass adoption.


On the other hand, while we may be approaching this tipping point, we are not quite there yet. Adoption by a tech giant like Apple, Amazon or Google would certainly constitute the required push – a sort of Deus Ex Machina effect – to bring crypto fully in the mainstream, for it is currently perched just on the cusp.


In the past year, a plethora of easy ways to sell Bitcoin have popped up, with an increasing number of reliable, secure digital platforms serving as fiat gateways for those who are interested in using crypto as currency, or purchasing it as an investment. Know your customer (KYC) and anti-money laundering policies provide a solid level of security to guard against untoward uses of crypto, but as it is still largely an unregulated frontier, more conservative, pro-fiat individuals argue that it facilitates shady dealings and undermines government.


Bears & Bulls


Even the most fanatic crypto proponent would admit that Bitcoin’s 2017 high of $20,000 constituted a bubble, and that $7,000 (the level that it fell to) was a correction, alarming though it was. The November dip below $5,000 is being heralded by glib detractors as a death knell, but this completely discounts the fact that the global market (at time of writing) is a bear, dropping rapidly and indicating a recession.




Thus, to declare the death of crypto is to ignore the greater context: yes, digital coins are losing value, but only at a rate proportionate to the overall drop in the markets at large. Of course, this drop comes at an extremely inconvenient time for crypto, which seemed poised to establish a consistent store of value around that $7,000 mark. As we get into the first quarter of 2019, it will be fascinating to observe the relationship between the fluctuations of global economies in relation to the fluctuations of Bitcoin prices.


For the time being, crypto geeks and rain-makers are holding their breath, waiting to see what happens next. The rise of crypto is utterly unique, and thus the current situation is unprecedented – we can only wait and see.

Examining the retail cannabis space at a macro level

There are certain developments in every generation that create opportunities for those who have an eye to seize upon them. The twentieth century was full of these technological, political or cultural shifts.

The widespread production of electric power, the splitting of the atom, the rise of computer technology — these are just a few of the discoveries that changed Western society, and paved the way for new industries and news way of life.

It’s not unrealistic to believe that the legalization of cannabis will be seen in later years as one of these shifts.

Currently, the known cannabis market is at least a $100-200 billion industry, while the illicit market is worth at least $100-150 billion. The idea that it is now possible to convert that illicit market into one that is legalized is exciting. It means that what is now an unknown frontier—Cannabis retail—will eventually become mainstream.

The societal concerns surrounding legalization are not new. There were similar concerns surrounding the legalization of alcohol in Canada following the First World War, and regulations also varied province to province for a number of years. Many people had health concerns and were worried about liquor’s widespread use. They were suspicious that uncontrolled public drunkenness would ensue once people had the ability to consume freely and openly.

While similar concerns have been raised about cannabis, this sector has the advantage of showing promising scientific research and development, through which effective solutions for the treatment of chronic pain and disease are being discovered. The industry can build a mainstream reputation on this solid foundation.

So here, at the beginning of a new era, cannabis retailers have the opportunity to be first in what is sure to be a valuable space. Clear regulations will develop from province to province and governments will gradually improve those laws and make them more suitable to social expectations. Eventually, any existing stereotypes will fade.

In the meantime, the possibility that an entrepreneur could start off with a very small company and build into something exponentially larger, represents one of the most recent frontiers here in Canada, and the possibility of a larger frontier abroad.

Understanding Risk: Investing in Junior Mining Companies

There are many lessons to be learned from investing in the mining sector. First, it’s inherently risky and many companies will disappear before mining a single ounce of base or precious metals. But it’s also an attractive sector for those willing to take chances and put in the work. Here are a few things I have learned over the years.


Do Your Research


Don’t go on a blind faith tip or even a rising stock price. Research the exploration project or mine you are interested in thoroughly and find out what others aren’t seeing before you put in a penny. There’s always something new to discover in a deep dive.


Find The Right Price


One of my last acts before leaving the position of president and CEO of Cornerstone Capital Resources in 2011 was to acquire the Cascabel project in Ecuador at a very early stage. At the time, it was believed to be a future source of gold and copper, but there was no proof. So the price was right. I got a bit lucky with Cascabel, as exploration has since revealed it as one of the largest gold-copper undeveloped mineral deposits in the world. But that was because I had done my research before making an offer.


Know When to Exit


Cornerstone was a small company and we needed help to get the Cascabel project up and running. I knew it would take years and hundreds of millions of dollars. So, making sure I left the company in solid financial shape, I turned it over to Brooke Macdonald, who remains CEO to this day.


The Truth About Cascabel


The Cascabel mine has gained the attention of BHP Billiton and Newcrest Mining, two of the largest mining companies in the world. They both have bought shares of SolGold, Cornerstone’s partner in the project. SolGold has the right to earn 85% of Cascabel by funding all exploration costs through to the completion of a bankable feasibility study. Cornerstone has the other 15% interest plus it owns about 10% of SolGold, effectively owning 23% of Cascabel. That’s one of the reasons I was happy to increase my already significant stake as a Cornerstone shareholder when the opportunity presented itself in 2016.


Although it was a risk to invest in a gold and copper early stage projects in Ecuador, the potential rewards were, and still are, tremendous. Even today, with all signs pointing to a positive outcome, Cascabel is still at the exploration stage. There’s a long way to go before the mine will see a profit. If you’re looking for quick and easy returns, the junior mining sector isn’t for you. But if you like doing research and have lots of patience, the risks can pay off in the long term.


Along the way, as a general rule, I sell enough shares to recover my original investment plus pay taxes on capital gains and then leave the balance of the investment until it hits my target price at which time I sell. Cornerstone has not yet hit my target price. However, I’m optimistic that it will within the next 12-24 months.

The Growing Popularity of Trading

There’s no doubt that trading has become more popular over the past decade or more. For some investors, working from home, where ever home might be, and earning consistent profits through trading stocks, options, futures, or currencies, is both appealing and lucrative.

On top of that, markets are more accessible than ever, information is readily available and internet access has become widespread. Perhaps even more importantly, experts are willing to share their knowledge, so mentoring and coaching help are accessible.

However, no one is saying that trading to earn money is easy. You need market knowledge, a willingness to dig deep on technical patterns and an understanding that all trading requires some level of risk.

Successful trading also requires a specialized mindset, an idea explored in my 2014 co-authored book, The Winning Way.

3 Traits Every Trader Needs

In The Winning Way book, we look at three psychological mindsets that are necessary for a trader, regardless of experience, to be successful. Those mindsets are: one, accept market uncertainty; two, focus on the “now”; and three, think probability.

I thought it would be useful to outline these qualities in a little more detail here.

Accept Market Uncertainty

You have to believe that each trade is a random event and the outcome is out of your control and beyond any kind of analysis. Unless you know what each of the millions and millions of investors and other market participants are betting on each day, it’s impossible to predict what the markets will do.

I began making a trading profit when I started to believe in my own tools and systems for trading. I accepted that markets are uncertain and that leads to randomly distributed winners and losers, at least in the short term. However, in the long run, I trust that my edge gives me a higher probability of winning than losing.

Focus on Now

We’ve all been conditioned to learn from past experience. That works, mostly, since a change in behaviour usually leads to a different outcome. But in trading, it is detrimental to associate current trading decisions with past results. As every mutual fund prospectus tell us: Past results are not indicative of future performance. Professional traders understand that each trade is random, operating independently of previous trades.

Great traders focus only on opportunities that are happening right now.

Think Probability

The focus on uncertain markets can be difficult for some traders as they wonder how to achieve consistent and profitable results in such an environment. Although markets are uncertain in the short run, long-term predictable results are achievable. Your own trading strategies and systems give you an edge. You will have both winning and losing trades in the short run, and in the long run your edge will give you a higher probability of winning than losing. Being able to understand probability also helps you become a more disciplined trader. You will be able to trade with less emotion, allowing you to think more clearly and ultimately make better trading decisions.

My Story

I started trading in 2001. By 2003, my initial success had disappeared. I was spending thousands of dollars on complex trading systems that just didn’t work. In short, I was struggling to find a new path that would suit my goals.

At that time, I was fortunate enough to meet the late George Fontanills, one of most respected options traders in the world. I needed George to help me understand my trading personality and what type of trading would be most suitable for me. More importantly, I needed a mentor to send me on the path of developing a winning mindset.

George mentored me on trading strategies and techniques, but most importantly, he guided me to my own trading personality. He knew I wasn’t suited to day trading, because I hated the idea of staring at a screen all day. He also knew I didn’t have the patience for long-term trading. So he came up with the idea of short-term or swing trading.

Swing Trading

The timeframe of my trades is anywhere from a few days to a few months, depending on the stock and market volatility. And because swing patterns are highly repetitive and happen over and over again, stock movements can be predicted with a high degree of accuracy.

George was able to pinpoint my strengths and weaknesses as a trader. He taught me valuable risk management skills and how to protect my trading capital. He also taught me how to trade small but win big, and how to scale up. Under George, I learned to focus on mastering one or two markets before expanding into other areas of trading.

In conclusion, I believe that you must apply the three psychological mindsets mentioned above at all times to keep trading simple. If you can do all that, you will see a breakthrough in your trading, and very soon you will become a consistent and profitable trader well on your way to achieving success.

Risks of Business Where Product Transportation Is Required

If you’re a business owner looking to make some money, you may or may not run into a situation where you have to transport your goods. Depending on the size of your product and where you created it and where you ship it to, there may be some transportation involved. This situation may mean you have to transport via truck, or post office, or train, or even airplane. In all those cases, issues can happen that affect your stock’s movement.

If your product is in a truck, there’s always the risk of an accident. If you don’t know where your product is produced, you could run into issues with non-transparent outsourcing. Any time there’s transportation, there can be delays in movement. And warehousing logistics can be a nightmare depending on the reliability of the locations that you use.

Trucking Accidents

On the road, accidents happen. That means if you’re using a truck to transport goods, there’s always a chance there could be a trucking accident on the highway. Not only do you have to deal with the fallout from a vehicle accident report, but your products may also be damaged or ruined that were in the vehicle itself. Making sure you have the right kind of insurance and also know legal implications of trucking accidents is a good idea before you put your items on the road.

Non-Transparent Outsourcing

For larger companies, product development, creation, and transport may happen outside of the view of the people in charge. When this occurs, sometimes transparency suffers. Managers and owners may not understand the exact details of production facilities, employee safety, or transportation method. It is risky to trust everyone in your production line to handle all of the essential details and quality control of your product, but it is a necessity after your company reaches a certain size.

Traffic and Transport Delays

Especially if you’re shipping your products from one geographic region to another, there can be all sorts of traffic and transport delays. Consider that trucks have trouble transporting goods over icy mountains, or that certain weather conditions make it so that your shipment of products don’t make it from one major urban center to another in the right amount of time. There’s always a time risk when you’re trying to move items from one place to another.

Warehousing Logistics

It can often be inefficient to own a warehouse. That means that you have to rely on another company to house your products. And then when people order things from you, you aren’t always going to own the trucks that move items from the warehouse to another location. Again, this is where risks come into play if you aren’t intimately familiar with the equipment and the people that are in charge of your stock.

How a foreign investor can set up a Dutch BV

The Netherlands is a top investment destination in Europe and one of the most performant economies of the European Union which is why it attracts many foreign enterprisers who feel at home there. They benefit from incentives in emerging industries like research and development, renewable energy, financial technology and blockchain and cryptocurrencies.

No matter the field one wants to activate in, there are a few steps to be completed, from both a legal and non-legal point of view. These steps are related to the registration of the business form.

Among the non-legal procedures which are not mandatory, but optional and recommended, is choosing the type of structure. Among the types of companies preferred by foreigners is the limited liability company, shortly known as the BV in the Netherlands.

What does a foreigner need to start a BV in the Netherlands?

Foreigners have the same rights as local investors when choosing to open a company in the Netherlands. Actually, it would be fair to say that there are some tax advantages for foreign citizens moving to this country, so the state makes no difference between a local and a foreigner who wants to open a Dutch BV.

We’ve mentioned earlier some optional steps for foreign investors who decide to start any type of business in the Netherlands. These would be a market research and a viable business plan which will help them once they start. Then, the legal procedure will follow.

The legal steps to register a Dutch limited liability company

There is nothing to fear when it comes to the actual registration of the company with the competent authorities, which in the Netherlands are the Trade Register and the tax authorities. One will first need to prepare some documents and find a location to serve as a registered address or company seat. Also, a manager for the company must be appointed before registering the company.

The business owner will also want to have some company names prepared in order to submit them with the Trade Register. Out of the two or three names, one will be approved as the company’s trade name.

The first stop will be at a public notary’s office where the incorporation documents of the company will be drafted and notarized. These must be drafted in Dutch.

The business name reservation, together with the incorporation documents and passport copies will be filed with the Companies Register for approval. Once they are approved, the company will be issued a certificate of incorporate and a unique number called a registration number.

Additional requirements after registering the company

The business registration process does not stop once the company has its registration number, as there are a few more steps to complete. We mentioned the tax authorities earlier, so the next stop should be there in order to obtain the tax and VAT registration numbers. Based on these, the company will be ready to engage into commercial activities.

An important aspect which should be considered when starting a business in the Netherlands is the license to operate. The procedure here will differ from one activity to another. There are various requirements and specific documents which must be filed for approval with the authority in charge of the respective field. Luckily, most of these procedures are completed online.

Setting up a Dutch BV is not complicated thanks to the government which has streamlined the procedures and documents as much as possible. The authorities here also do a very good job, as most of the process is completed online, so a foreigner can have this type of company registered in almost a week.


5 Essentials to Finding an Online Forex Broker to Explode Your Forex Profits

Forex trading is continuously growing and getting more and more popular with each passing day. The reason for such a vigorous increase in Forex trading and investment is the fact that it lets the users be a part of global market and access to global currencies at any time out of the 24 hours of the day. If you are willing to invest in Canadian currency market through Forex brokers Canada, the following tips will help you in finding matchless Forex brokers Canada that will maximize your profits.

Validate IIROC regulations

When we talk about Forex trading in Canadian currency it is essential to determine that the online broker which you are looking at must be regulated by IIROC. IIROC is the acronym of Investment Industry Regulatory Organization of Canada and it has the responsibility of looking after the investments made on the federal level. IIROC regulation is a must have for Forex brokers in Canada. By following this major step, you ensure that your potential Forex Brokers Canada comply with the rules and disciplines determined by this agency thus, eliminating any chances of illegal and fraudulent actions. You can find out whether a Forex brokers Canada are regulated by IIROC or not by performing due diligence of central registry of this Commission or by directly checking on commission’s website.

Deduce currency pairs

All the forex trading currencies are segregated into three major categories which are briefed as

  •    Major pairs include the USD currency along with the seven most traded currencies
  •    Minor pairs have the most-traded currencies excluding the USD currency
  •    Exotic pairs comprise upon all the lesser traded currencies.

When picking online Forex brokers Canada, make sure that you are getting profiting currency pairs from each category.

Investigate the Spread offered

Spread, in terms of Forex trading, refers to the difference which is obtained by analyzing the buys and sales prices of the allotted currency pairs.  If the spread is high, the brokers make more profit and vice versa. In usual conditions, tight spreads are offered on popular and major category currency pairs. Whereas, the spreads offered on less popular currencies have a wider value. The spread offered by one broker is not the same as that of the next broker. Therefore, pick your Forex brokers Canada wisely.   

Determine leverage risks

The extra amount of investment spent on Forex trading, leverage, shall be carefully decided as it can lead to drastic consequences in case of misfortunate trading. It is advised to carefully weigh all the risks and dangers before making any leverage in Forex trading.

Decide the type of trading platforms

Forex brokers Canada either offers an online Forex trading platform or a PC downloadable trading platform.  Responsive trading platforms and Meta-trading platforms are also other options. Do research before deciding on any kind of platform.

Find out the payment options, fees and time taken

It is essential to ask and determine the deposit options, transfer and conversion fees as well time taken by the Forex brokers Canada to process it. Although perceived as minor considerations, these factors can actually boost up your profit by saving extra expenses.

Why you need to trade the market with a professional broker

Trading profession is one of the most sophisticated business in the world. You have to use your intellect to find the best trades. Those who are trading the market for a long period of time always consider this profession as their business. You have to develop a simple trading strategy to make consistent profit from this market. Those who consider this trading industry as a shortcut way to becoming rich always lose money. On the contrary, the expert traders always consider the risk factors of the market. Some of you might think that you can cut down your trading cost by using a low-grade broker but this is not true. It’s true that the low-end broker will give you different kinds of bonus but this will never help you to become successful traders. Let’s learn why you should trade the market with a reputed broker.

Offers you high-quality trading environment

The retail traders are not concerned about the quality of their trading environment. If you become a day trader it’s highly imperative you have access to the premium trading environment. A single second delay in your trade execution can cause catastrophic loss to your trades. Your broker needs to offer lightning-fast trade execution since it is the best way to save yourself from the slippage. But never think that you will have zero slippage in the retail trading industry. Regardless the quality of your brokerage firm you will always have face to face slippage. But choosing a reputed broker will save a huge amount of money in the long run since you will have minimum slippage most of the time.

Access to professional trading platform

You have to gain access to the advanced trading tools to do the perfect market analysis. If you trade with the low-end broker you will never gain access to the premium trading platform. Due to this fact, many expert traders often consider Asian introducing broker as their primary broker. They offer one of the best trading platforms in the retail trading industry equipped with advanced trading tools. Some of you might say that you don’t need any access to the premium trading tools but this is not all true. If you start doing the market analysis with advanced tools, you will find significant improvement in your trading career.

High-quality customer service

You have to understand the importance high-quality customer service in Forex market. If you trade with a low-grade broker you will never find a quick solution to an existing problem. As a full-time trader it’s very likely that you will face some problems with your live trading. In such case, the expert customer service will give you a very clear guideline to solve your problem. Some of you might even face a problem with deposit and withdrawal process. This is where the expert customer service will become helpful to you.

Safety of your funds

Those who really want to consider trading as their full-time profession should always consider professional brokerage firms. If you trade with an average broker you will never get proper safety for your investment. Due to this fact, many people are considering Juno market as their primary broker since they have all regulations to conduct their service in the retail trading industry. Trading is not about making consistent profit from this industry. It’s how well you manage your trade in the Forex market. So make sure you do some extensive research and find the perfect broker for your trading. Stop trading the market with an average broker since it will significantly increase your risk exposure.

If you can understand these three key advantage of reputed broker you will never trade with the low-end broker. Being a full-time trader, it’s your duty to ensure your fund’s safety.