Chinese-owned widely popular app TikTok has changed its policy to block all financial products and services, including preventing influencers from supporting cryptocurrency.

The firm says the change is targeted at preventing the increasing abuse of the platform to commit scams and other dishonest actions that might infringe upon someone’s privacy.

But it has come only weeks after the CCP cracked down on crypto-mining over their alleged “climate concerns,” forcing miners to move out of China. TikTok’s new policy will harm legitimate financial companies, which won’t be able to take advantage of influencers for promotion.

Without the ability to pay for advertising or influencers, cryptocurrency’s time on TikTok could be over. However, their ad policy, which lets financial services advertise to those older than 18, stays unchanged.

TikTok changed their policy about cryptocurrency

In their new policy, the company says under the title that “Globally Prohibited Industries” that all content promoting financial products are not allowed, including credit cards, loans, trading platforms, forex trading, cryptocurrency and so on.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

Many crypto-centered companies use influencers on the TikTok platform, which is known as “Fintok” advisors, to increase their reach. Sometimes this leads to some of them delivering unregulated and misleading financial advice about putting money into assets such as Bitcoin and Dogecoin to young investors who wish to grow their funds quickly without any understanding of crypto.

Google follows

Just like TikTok, even Google took a hard stance on scammy ads on its platform. A few weeks back, Google UK had said that from Sept. the company will request that financial services companies prove their identities to reduce the scam advertisements on the platform.

Meanwhile, the CCP has increased their crackdown on crypto with authorities recently blocking the trading in highly volatile coins in the Anhui province to get the power consumption lowered to a manageable level. The action effectively started in late May, starting with large mining hubs like Inner Mongolia, Sichuan, and Xinjiang, which led to a massive decrease in the crypto market. Before the crackdown, China had made up around 70 per cent of total Bitcoin production.

Author: Scott Dowdy

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

Growth stocks are in general going through a volatile time this year. Many growth stocks also benefited from the stay-at-home pandemic trend. Now that economies are restarting, the attention of investors is changing to stocks that could gain as consumers start traveling again.

That does not totally explain why these two growing stocks have catapulted down by over 20% this year, but it does start to reveal the story. Nevertheless, each of these stocks has good long-term possibility that have improved. Let’s look at why you should think about each one of these down-trodden growth stocks.

Skillz

Skillz is a gaming system on a large growth trajectory. It is unique because it gives players the chance to place bets on the games they are playing. The wager ability makes them more interesting than other games. The outcome of the game has the benefit of winning prize money.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

Importantly, it takes Skillz far less money to get customers than the money it gets from them. Indeed, from 2018 to 2020, lifetime customer value went higher than the expense of getting them by 3.8 times. That gives room for Skillz to use more money to acquire new customers to power its profits. More players leads to more developers being interested in allowing their games to be compatible with the platform.

Penn National Gaming 

Penn National Gaming was hit hard during the covid pandemic when it had to close down its land-based casinos. It is coming back after reopening and revenue is almost back to 2019 numbers. And Penn is not exposed to the convention market in the same way Las Vegas casinos are, so there will be no long-term damage from lowered travel.

The online sportsbook is just only now getting started, with 400,000 total players. Compare that to its competitor, DraftKings, which has signed up almost 1.5 million monthly players. Given that Penn has the increased advantage of land-based casinos to bring in online players, it might surpass DraftKings over time. And so it is a much better bet for investors who want growth, and want it for cheap.

Author: Scott Dowdy

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

In June, the CPI increased year over year by 5.4%, the biggest increase since Aug. 2008. As inflation pressures start showing more durable than previously expected, market volatility might spike in the short term.

With the Fed highlighting its support for the economy by keeping low-interest rates in its most recent monetary policy to Congress, a small pullback caused by the inflation report might prove to be an opportunity for smart investors.

If you have $5,000 and you want to invest, and don’t need the money for bills, then the following stocks can make you richer in what is left of 2021 and beyond.

1. Cloudflare

Cloudflare is a top edge-based content delivery network company and a cybersecurity firm. The demand for their edge computing and security services are rising due to the greater adoption of cloud-based architectures.

The company’s total addressable market (TAM) is thought to expand from $72 billion last year to $100 billion going into 2024. The company’s freemium strategy has proven to be very successful. Cloudflare gives its CDN services to users and businesses for free and only charges if they want to upgrade to get premium features.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

Since 2016, the company has managed to grow its revenue every year by around 50%. Their dollar-based net retention was 123% in Q1, which implies the same customers spent 21% more than the previous quarter. This metric shows the success of the company’s freemium-and-upgrade model.

2. CrowdStrike

CrowdStrike Holdings has benefited greatly from greater demand from cybersecurity services due to covid-accelerated digitization programs. Most of the changes in workforce behavior will continue even in the post-covid era.

With its real-time protection called CrowdStrike Falcon and a software-as-a-service (SaaS) model, the company is well-positioned to get a large share of the global cybersecurity market. In turn, the market is estimated to expand from $217.9 billion this year to $345.4 billion going into 2026. Indexing over 6 trillion events every week, CrowdStrike Falcon is getting even more effective due to better network effects.

CrowdStrike reported a 74% y/y increase in annual recurring revenue (ARR) to $1.19 billion. And they have been quite successful in getting new customers, as shown by the 82% y/y increase in customer subscriptions to 11,420 at the close of Q1. They are also guiding for a 54% y/y jump in fiscal 2022 revenue.

Author: Steven Sinclaire

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

The IRS has started sending out unemployment money to people who filed their taxes in 2020 before the American Rescue Plan was enacted into law. If you got unemployment benefits in 2020 and filed last year’s tax return early, you might not have gotten the unemployment funds that are now available to you because of the covid stimulus bill.

Many American taxpayers were worried they would miss the new unemployment benefits if they filed early, but as pledged, the IRS has automatically changed taxpayers’ incomes from 2020 and taken into account how it would change their eligibility for unemployment after March of 2020, when the legislation became law. It started giving automatic tax refunds to eligible people in May. While it has already mailed millions of checks, the IRS says it will keep doing this through the end of this summer.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

The American Rescue Plan makes it so that as much as $10,200 for singles (or $20,400 for couples) of unemployment funds gotten in 2020 are exempt from federal income tax. The threshold for someone being eligible is an AGI of under $150,000 on your 2020 return. Only the initial $10,200 is exempt from taxation — any dollar higher than that is subject to tax.

Important to understand: This exemption deals with federal taxes, not with your state taxes. Although many states don’t tax unemployment funds regardless of the new stimulus bill, some states do, so it is important to find out what rules apply in your state.

The IRS says further action is not needed if you are among the people affected by this new change because the agency will automatically alter the tax returns of those people who are eligible.

With this being said, if you have filed early and your recalculated AGI now means you are eligible for more unemployment benefits not included in your initial return, you may need to send in a new amended return.

Either way, a new check in July will be a much needed relief for most Americans as inflation creeps in and prices increase to cause more pain for the American consumer.

Author: Blake Ambrose

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

Author: Ken McElroy

Source: YouTube: Don’t miss this step as a landlord | YT #Shorts

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

When the market is having a bull market and the prices of certain securities are going up in value, investing seems easy.

But since all good things eventually end. And sooner or later the market is going to crash. This change does not mean you should not invest. Instead, try this easy strategy.

Dollar cost averaging explained 

When you do dollar-cost averaging, you are investing a pre-decided amount of money into a certain investment over a particular period of time. This happens no matter what the market is doing or the price of shares. This will end with you getting lower prices during some months while also getting higher prices in other months.

With this strategy, let’s say you invested $1,000 into SPDR S&P 500 ETF Trust each month. This would have gotten you a total of $12,000 and got 31.84 shares for the average price of $376.88. Over the previous 12 months, the cost of SPY has gone up in value by nearly $100 per share, but if the opposite occurred and we were in a time of declining prices, your average share price would be the same.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

When this works

If you could determine exactly when the stock market will go into a bear market, you would perfectly time your sells and avoid losses. And if you understood when it will rebound, you could then get shares back at the perfect time. But timing like this is very hard, and although you could get lucky, most of the time you will miss the mark. Sometimes a little, sometimes a lot.

Dollar cost averaging works during bear markets, flat markets, or bull markets. But it might also be very helpful in soothing your nerves and getting you in line for profits instead of waiting on the sidelines in cash if you are anxious about a market crash.

When the market went down by 34% in March of 2020 because of fears of coronavirus, you might have seen yourself in this kind of scenario. But instead of lasting a long time, the market crash quickly turned around, and shares of SPY are now priced 200% higher — double what they were then.

If you were sitting and waiting for the perfect opportunity, you would still be keeping cash. If instead, you would committed to this form of investing, and slowly put your money into the stock market over the past year and a half, you would have reaped these profits.

Author: Steven Sinclaire

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

Although the Q1 should give the low in precious metals, one strategist says that investors should not chase the market at the current numbers.

During an interview, Carley Garner, who is the co-founder of the brokerage firm DeCarley Trading, stated that she was bullish on the yellow metal since March and is now expecting the price to be much higher at year’s end.

However, she also said there is a risk that the precious metal might see another washout before it’s ready to go even higher.

“There is some pretty big resistance near $1,850. So, if you are attempting to purchase nearly $1830, it is somewhat dangerous,” she said. “You want to ensure you have hedges in place.”

Garner added that she enjoys the idea of getting in on dips and revealed there is the potential for gold to retest support right below $1,800 per ounce.

The gold market is not only getting strong support during a low interest rate climate, but Garner says the precious metal is also going into a positive season.

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

“Late summer, early fall is normally a great time for silver and gold,” she said.

Looking at gold’s numbers, Garner says that she does not expect inflation to give much more support, stressing the drop in commodity prices such as the one in lumber. With lumber giving back its gains after having a historic rally during the first part of this year. Garner said that she sees comparable patterns among a broad group of commodities from copper to hog futures.

However, Garner also said that weak commodities cause the issue of deflation or maybe even stagflation instead of inflation. It is not likely that the Fed will move fast to tighten its policy in this climate, she said.

She further expects the deflation danger to show itself later on this year as she believes oil prices will lower to $50 a barrel. She explained that United States shale producers have been reluctant to raise oil production; however, with oil being higher than $70 per barrel, crude oil supply is rising.

Looking at the price of gold, Garner says that if the price can get to $1,900 per ounce by summer’s end, then she would anticipate the yellow metal to get back to $2,000 per ounce by year-end.

Author: Scott Dowdy

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

Investing in cryptos might seem exciting — especially when you see stories of people getting to millionaire status essentially overnight. But these sorts of investment wins are difficult to get and are not as easy as you might think.

1. Expect chaos

When you put money into something like an index fund, you don’t have to keep a close eye on it. With crypto, you are signing up for a lot of chaotic ups and downs. This includes fast changes. It should not surprise you if your portfolio doubles in value or loses half of its value in mere days. While this sort of thing can be of course good, it can also be disastrous. Which brings us to point #2

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

2. Use small amounts of money

You can step into cryptocurrency by beginning with small amounts. But doing this, you can prevent a disastrous scenario where an important financial goal is ruined, like retirement, by a major loss

By sticking to smaller amounts of your capitol, your portfolio fluctuations won’t brother you as much. And even better, it will tell you how you deal with this kind of volatility with your funds on the line.

3. Watch it carefully

You don’t need to be glued to your screen all the time watching your crypto, but it is probably not the sort of investment you just invest in and forget about, like an ETF or index fund.

Cryptocurrency is different: You might end up trading more often to get profit from its volatility. And because of these cryptocurrencies fluctuating so much, it can be sometimes tempting to sell and buy often, maybe even daily.

But you need to time the market well and this can be hard and time-consuming. If you want to invest into cryptocurrency without having to deal with the volatility, a good alternative is to look for crypto-related ETFs or stocks.

Putting your money into cryptocurrencies might be lucrative, but this sort of reward normally comes with a certain level of risks. Successfully getting through this demands awareness of the dangers and bright spots so you truly grasp what your crypto journey should look like.

Author: Blake Ambrose

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

Author: Ken McElroy

Source: YouTube: What to Look For When Buying Land (with Cody Bjugan)

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154

While most traders and analysts were looking through Goldman’s trading and banking results – of which the latter came in stellar while trading, especially with FICC, was not good at all…

… when the bank announced its second best quarter ever, there was also a big slide in the bank’s second quarter earnings, and it was connected to what Goldman was doing for its “asset management” book.

Goldman’s Asset Management also experienced a great quarter, giving a record $5.1BN of net revenue, over double than a year ago.

In detailing the group’s great performance, Goldman says that “equity investments gave record net revenues, with the y/y boost mostly fueled by much higher net gains from private equity investments, driven by company-linked events, including sales and capital raises, and better corporate performance versus a difficult 2020.”

The bank then goes into detail on its asset mix, which has some $21 billion in equity investments spread among certain sectors and geographies (mostly inside the US).

This Tiny Square Could Solve The Supply Chain Crisis -- And Make You Rich

Democrats don't want conservative Patriots to know about this tiny square that could save American from Biden's failures....

Watch The Video

89,473

Which then leads us to the kicker: a chart revealing what Goldman had done with its equities this year. The bank does not mess around, they make it clear right in the title that it was “harvesting” its portfolio. Which is another term for selling.

What is even more incredible is how much Goldman harvested already this year. Having begun with a $20BN portfolio which say a $5BN increase in value, Goldman sold a large $5.5 billion of its assets so far, which is over a quarter of its whole portfolio.

The sales were so wide ranging that the issue was mentioned during the Goldman earnings call recently. In reply to a question about the company’s efforts to lower its portfolio, the bank stated that it has “made efforts on improving its capital efficiency and is seeking to ‘aggressively’ manage equities, especially given that the market is supportive.”

What does this mean in plan English? Goldman is dumping its stocks while dumb money investors give a constant bid into which Goldman can sell for a huge profit.

When was the last time Goldman “aggressively” sold? Well, you have to return to 2007 and 2008 when this happened. And we all remember how that turned out.

Author: Steven Sinclaire

Team Biden's "Great Reset" Will Leave Republicans Penniless

With President Biden at the helm of the ship, America is on the brink of economic and democratic disaster....

Find Out More

72,154