Tuesday, March 13, 2018

Learn How to Invest: Learning Terminology: Blockchain

Want to learn about investing? Don't know the terminology? When learning how to invest it's important to learn terminology...like BLOCKCHAIN. I'm not a fan of Crytocurrency, it's too volatile...but I am a fan of BLOCKCHAIN technology which cryptocurrency uses. The reason I like it..because, providing it's used in a productive and constructive manner, it can be used for anything and everything... "Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value." Don & Alex Tapscott, authors Blockchain Revolution

(2016)
I'm looking at it in terms of the Cannabis industry..."the necessary data needed to track the health of a
cannabis supply, from seed to weed, one can be sure that governments will require a robust inspection system for growers and retailers alike." and I want to make sure the companies I invest in are authentic and in their integrity. This application will make sure of that. Examples of other applications BLOCKCHAIN can be used for in various industries: Restaurants, Hospitals and Healthcare, Productivity and Production in the workplace, Music biz, film biz, photographers, galleries...it's endless. HealthSpace Data Systems (OTC: HDSLF) is at the forefront of Blockchain technology as a database...but it's a penny stock which means it's highly volatile... so for me...I'm taking a chance. I like to by 100 -1000 shares of a stock and leave it. In this case, because it's .07 a share right now... 1000 shares is $70. Can I afford to lose it? Sure. How many of you buy lottery tickets or go to a movie or go out to dinner. It's a one time thing...or a throw away. I'd rather put that money into stocks and see what happens. Now..remember...this is just an example of something I did...it doesn't mean YOU do it. Find what's right for you.

My general rule of thumb. Never be desperate when you invest. Be well read...investigate...read everything you can before you put money into a stock or a fund. If you can't afford to lose it...don't put money into it. Stocks are like a rollercoaster...they go up and down; So many people expect it to go up...but they never prepare themselves for the fall. Don't pull your money out when the market goes down...be patient and wait it out; it's when everyone pulls their money out, it crashes...To manifest money, use your head not your heart. Emotions have no place in investing. My experience is that Brokers are educated guessers...and I can educate myself when it comes to my money. I don't want to put it in someone else's hands.
Remember...these are my thoughts... You have to formulate your own.. I don't listen to anyone when I invest...just to myself... #ownyourpower