I have received several questions from readers about exchanging currency & moving money for investments in my portfolios. So instead of continuing to answer the same questions over and over via email, I decided to write a quick post on the subject as it appears to be useful information. Wherever you live in the world, […]
Misc. Investing Stuff
In the June update; Crypto-crashes, Peer to Peer lending delivers, and the closed out Recovery Portfolio nets a nice 27.09% total profit! May 2021 was an interesting month overall. The Cryptocurrency market had it’s biggest crash ever, just as I decided to get in (always seems to happen when entering new investments for some reason).
After a sabbatical of about 6 months, I finally got around to updating the website & investment income numbers. Lots of excuses for my tardiness, but basically I just had other stuff going on that seemed more important. The birth of our first child being one of them, and of course COVID being another, and
When asset markets crash, or economies go into recession, there is always opportunity to profit for the nimble investor who knows what the best stocks to buy now, at that time, are. In January 2021, I decided to start and look for some of these opportunities. My thought was; there are a lot of companies & assets that haven’t been able to recover from the hardships of the COVID pandemic.
QUESTION 1 – “Why do you prefer to work with USD and not GBP or even EUR? Is it because of the Bonds, Stocks and Reits you choose?”
ANSWER – There are a few reasons:
1. The first is that I lived in the USA for many years so most of my assets are in US Dollars as that’s how I was paid. I haven’t seen any reason to change that as of yet.
Towards the end of the last post on Wolfe Waves back in December, we identified a weekly bullish Wolfe Wave in the TLT (Long Term US Treasury Bond ETF). The wave completed just last week, then interestingly enough, turned back down. If you would have gone by the WW rules and got out at the target line, that would have been around a 10 point profit.
Wolfe Waves Many years ago when I was still finding my feet with investments and looking to “get rich quick”, I took an interesting trading course by a gentleman called Bill Wolfe on an investment strategy called “Wolfe Waves” (named after himself obviously). It is similar to the Elliott Wave Theory, however much easier