Big news! I take the bus to get the tires re-torqued…
Good morning. The strongest performing asset class this year has been bitcoin. The rest of the cryptocurrency space is starting to take notice as well. Smaller coins and tokens are rallying. And 2024 looks like a perfect storm for bullish investors.
The approval of a bitcoin ETF seems likely in the months ahead. That will follow with broader crypto ETFs. And it could allow nearly $30 trillion in advised wealth to start to move into the sector – a sector with a current market cap just over $1 trillion.
While it’s unlikely that entire amount will move over, even a fraction of that amount could lead to big gains quickly for the crypto space. Investors and traders can play this trend. Yes, the exact date of a bitcoin ETF approval is unknown. However, the recent move higher suggests that it could come sooner rather than later. Investors may want to buy crypto-related stocks now, if they’re not already positioned for this big trend.
Now here’s the rest of the news:
Washington’s Embarrassing Debt Trap
The Congressional Budget Office has released some pretty outstanding U.S. government debt predictions… [Read Here]
Costco Makes A Big Gold Announcement
Costco has triggered controversy in the gold community this week. On an earnings call, they revealed the results of their September gold sale… [Read Here]
December 20, 2022
Most investors are hoping for the stock market to head higher in 2023, following this year’s downturn. It’s quite rare for the market to have two down years in a row. But a scenario could play out where that event occurs.
Goldman Sachs (GS) calls it the “rolling bear” market. It’s the idea that inflation starts to come down, say to 5 percent, and policymakers blink. Or maybe they’re forced to act due to something breaking in the credit markets. In any event, inflation takes longer to drop further, an interest rates remain higher for longer – both of which have a negative impact on stocks.
This scenario is a bit of a worst-case one. But traders can still expect downside volatility as long as inflation is high and interest rates are going up.
Now here’s the rest of the news:
Phillip Patrick: How the Paper Gold Market Influences Gold’s Price
For centuries, gold has historically protected against purchasing power lost to inflation and added a crucial diversification element to savings. Today’s investors are… [Read Here]
This Housing Bubble Could Be Worse Than 2008
Back in November we covered how inflation, mortgage rates, and prices were making things worse for the housing market. Well now it looks like the bill has come due, and the housing bubble is… [Read Here]
December 20, 2021
Based on the latest inflation data, the rising costs of everything from food to gasoline to postage stamps means that the average American household will have anywhere from $3,000 to $3,500 in additional expenses this year. Lower-income homes will be harder hit, as a larger percentage of their income go towards the basics like putting food on the table. But even higher-income earners will be hit.
All told, the not-so-hidden tax of inflation that economists warn us about is now on par to wipe out the bulk of the multiple rounds of stimulus checks sent out throughout 2020 and into the start of the year. It just goes to show that there’s truly no such thing as a free lunch. Fortunately, investors can offset inflation with investments in areas such as housing and the stock market.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,799.61 (0.9%)
Silver … $22.44 (1.2%)
Platinum … $944.11 (0.3%)
Palladium … $1,811.50 (6.5%)
Now here’s the rest of the news:
The U.S. Has a Bad Case of Retirement Overconfidence
One reason it’s a good idea to form a solid retirement plan is the uncertainty in the markets. But not just the stock markets. We’ve seen absurd calculations… [Read Here]
2022 Will Be Brutal, Here’s How We Know (Plus How To Prepare)
This year was a doozy. Right out of the gate, millionaires were sounding the alarm that the markets were looking overvalued. But they should’ve… [Read Here]
December 20, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: Harbor of Woody Point Fishing Village …
… in Gros Morne, Newfoundland, Canada.
December 20, 2019
Have you ever listened to people talk about their hometown sports team? If the hometown team wins, they say something like,
When it come to making money, more importantly, keeping the money you make, Darren Hardy asks us to: “Put Your Money Where Your Mouth Is”
By being related (even in the most minor way) to a person or event, the ego and reputation are affected. That’s why you must choose
Note: The summer solstice, also known as midsummer, occurs when one of the Earth’s poles has its maximum tilt toward the Sun. It happens twice yearly, once in each hemisphere. For that hemisphere, the summer solstice is when the Sun reaches its highest position in the sky and is the day with the longest period of daylight. [Saturday, December 20th, 2019 at 3:44 PM] … the longest day of the year! 🙂
December 20, 2018
How To Become A Better Listener
“People don’t respond to what you say or do; people respond to how
you make them FEEL. And one of the best ways to make someone
FEEL CONNECTED with you is to make them feel understood and
listened to.” –Ed Mylett
Being a good listener can help you in every aspect of your life – with friends and family to colleagues and clients at work. For a number of reasons, though, listening has become a lost art, and chances are, you’ve been on both sides of distracted listening… checking your phone or email… multitasking… thinking about the next thing on your to-do list… interrupting with your own thoughts or thinking about your response while someone else is talking… and the list goes on.
The reality is that being a good listener, although overlooked, is SO important to influencing and connecting with others, and it’s an absolute necessity to build in every area of your life. After all, you have two eyes, two ears and one mouth for a reason. Here are 17 steps to up your listening game, a key to unlocking both your personal potential and the potential of your relationships.
- Don’t try to solve people’s problems right out of the gate.
- Repeat what someone else is telling you to: 1. Make sure you’re understanding; and 2. Reassure the person that you’re listening.
- Make eye contact.
- Check your body language and match it with the emotion of the conversation and the other person talking.
- Do NOT interrupt the other person when they’re talking – don’t jump in to finish their thought.
- Don’t use “nudging” words like “uh-huh”.
- Don’t finish people’s sentences, don’t talk over them and don’t give them words.
- Give acknowledging statements after someone is done talking.
- Where appropriate, use physical touch to anchor in the emotion.
- Use appropriate follow-up questions instead of jumping from one question to another one that’s completely irrelevant.
- Ask questions of understanding to deepen the conversation.
- Don’t project forward what you think the other person is going to say and don’t stop paying attention so you don’t forget the point you think is more important.
- Don’t multitask and don’t check your email or phone.
- Focus on the present – not your upcoming schedule.
- Be in the moment and try to meet the other person where they are.
- Use words and phrases that the other person seems to be using repeatedly.
- Try to match and mirror the other person’s pace, tone, volume and body language.
Practice your listening skills. People will like you more. You will learn more. And it takes pressure off you.
To improving your skills,
Change That Up!