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

Why am I NOT a fan of Cryptocurrency?

Here's what I have to say about Cryptocurrency. The people that say they want to bring down the current world currency are not dedicated to a one world spiritual currency...they are as equally dedicated to greed and power as those who run our world currency now...so don't fool yourself... There is illicit activity in all...and until I see that change...I'm not a fan...

My Rant of The Day: INVESTING

When FB had their IPO...I had lots of people asking me if I was going to invest....and I thought long and hard about it but decided they were way overpriced...I mean WAY overpriced.  Had they opened at $8/share, I would've dove in for the long term.... but they were 5x's that amount..no thanks.  With millions of people on FB....they have definite potential... but for now, it's all air right now.

So here's the way I have always looked at investing; Investing in the stock market is a legal form of gambling....if you're going to put money into it, don't put it in unless you have it (don't borrow from someone) and be prepared to lose it, so it's not going to make you or break you. 

Remember the stock market is a roller coaster;  It's great when the stocks you buy go up....but they also go down; it's all cyclical. Use your head and do your homework; Just because people hype a stock, doesn't mean that you buy it..that's why they're hyping it..they convince you to buy and then they sell...you've lost and they've made a bloody fortune.  

Read...Read...Read....the internet makes it easy now inform yourself, financially.  I read everything I could....every publication out there... this was after I asked a relative, who's livelihood is in the NY Financial District, to help me and he refused...I educated myself. Then, and only then should you think of investing.   

I, personally, will never use a "financial advisor"...because in the end, if you're up on everything...they don't know anymore than you do...and now you've entrusted someone else with your money.  Good luck!

©2012 Rebecca Dru All Rights Reserved