- Forbes – Trump Kids to shake-up the Finance industry
- Bitcoin financial transactions in 2023, exceed Visa & MasterCard combined
- Institutions Are Coming’— U.S. Dollar Collapse Predicted To Trigger A Bitcoin Price Boom
- Performance of $1,000 to a Million$ – Otherwise called, The M&M Club.
The ‘Future Of Finance’—Radical Trump Plan For A Huge Bank ‘Shake Up’ Revealed
Trump’s son Don Jr. has launched a Telegram channel for the Trump so-called decentralized finance (DeFi) project that his brother Eric said will “shake up” the world of banking and finance.
LOTM COMMENT: This seems to be about tokenizing real estate, fractionalized ownership, its impact on bank lending, title searches and access to equity from real estate. It would change many things in finance. It removes middleman control and decentralizes finance. This will happen sooner or later whether the Trumps are successful or not. .
TradFi Underestimates Bitcoin’s Enormous Scale,
Franklin Templeton CEO Says – CoinDesk
“Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined,” says Franklin Templeton CEO Jenny Johnson. “Traditional finance is underestimating the size of bitcoin.” Story linked here.
Also see:
Franklin Templeton Weighs New Crypto Fund Investing in Tokens Beyond Bitcoin, Ether: Report CoinDesk
Institutions Are Coming
U.S. Dollar Collapse Predicted To Trigger A Bitcoin Price Boom To Rival Gold
“The market is looking for a soft [economic] landing and Fed rate cuts … which is negative for the dollar,” Athanasios Vamvakidis, head of G10 foreign exchange strategy at Bank of America, told the Financial Times, adding the dollar is “still overvalued.”
Alongside expected weakness for the U.S. dollar, traders are also betting on continued U.S. spending that will push up the $35 trillion debt pile whether former president and Republican candidate Donald Trump retakes the White House in November or if vice president Kamala Harris wins it for the Democratic Party.
“As the market comes to grips with whatever candidate wins, we’re in for four more years of reckless fiscal policy,” VanEck’s head of crypto research Matthew Sigel, told CNBC. “The history is that bitcoin really hits its stride at that point. So, we’re buyers here. We think it recovers.” Story linked here.
LOTM COMMENT: Also good for Precious Metals and commodities.
M&M Club – Real account working to turn $1,000 in to a Million$.
If you start with $1,000 and double it ten times, you will have more than one million dollars
Personally, I did this in the 1990’s. The game plan is to own a concentrated group of one to three stocks and double this account one-year at a time.
A few years back, I watched Patrick Ben-David present the same concept. On July 21, 2022, we decided to started and to run this program once again – just to be sure we did not get lucky. The trick, as Ben-David says, is in finding the ideas that double. That is now our focus. Find and mange a concentrated & focused group of companies than have the potential to double in a twelve-month period.
While we do not think of this as Gambling, it is Speculation – and an Extremely Volatile account. This is not investing or trading. Traders will be bored – we buy and sit in positions, start new ideas small, harvest from existing positions, often with no activity over three to seven months at a time. When we shift positions, it is fast and in a short period of time. This is not for the faint of heart or risk adverse – meaning you will get beaten up emotionally and financially along the way. It is best to start small and never think of this as more than the amount you started with. You will grow emotionally along the way, or it will not happen. That is in my opinion of course. This is not for the risk adverse so don’t kid yourself. Life is too short for that.
How have we done since we started in late July 2022?
Here is the three-year performance from our actual $1,000 account:
We are a month into year-three of this plan. The account value is $4,437. The next target goal is $8,000 by the three-year end on July 21, 2025. This is like any game or sport – the target is a goal not a failure if we fall short nor the final outcome if we are ahead of schedule. Until we quit that is.
Doubles:
$1,000 to $2,000 – $2,000 to $4,000 – $4,000 to $8,000 – $8,000 to $16,000 – $16,000 to $32,000 –
$32,000 to $64,000 – $64,000 to $128,000 – $128,000 to $256,000 – $256 to $512,000 –
$512,000 to $1,024,000 and one more to make up for taxes paid along the way. One double a year. Not a get rich quick game as we are looking for ten to eleven doubles. Starting with $5,000, one needs eight doubles to reach a million.
Linked Interview of Patrick BenDavid (9 minutes) talking about compounding to a million through the doubling concept.
LOTM part is our profiling process to hunt for stocks that might double. LOTM nor Tom Linzmeier are investment advisors. We will share what we are doing and share the good, the bad and the ugly of management, taxes and selection but this is process is totally yours to make the decisions.
Hint: it is not so much what you buy as when you buy it and how you manage what you own. Emotions and boredom are our enemies.
For Fun and Memories: Joan Osborne – One Of Us – on YouTube.
