Bitcoin is experiencing a “reset” in investor actions at the $30,000 marker and the trend will only need to keep going to lead to a price rise.

According to Bitcoin on-chain monitor Ecoinometrics this week, the only path for Bitcoin is “up” if hodlers keep buying in.

Looking at who purchased coins since the beginning of the recent bull run in Oct. 2020, Ecoinometrics showed that huge changes are afoot compared to 2020.

At the beginning, it was smaller investors who were buying. This started when Bitcoin went pass its last all-time record high of $20,000 and kept going to the new high at $64,500.

But at $20,000, bigger investors started selling, albeit not in large enough quantities to stop the bull run.

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Whales added selling pressure after Bitcoin hit $30,000. The result, report analysts, was the tipping point for the month of May’s highs.

“$30k is a crucial level that prevent the continuing of coin accumulation by whales,” Ecoinometrics said.

The reason for selling pressure taking over might lie with whale beliefs that Bitcoin was getting “too high, too soon” and that the market was seen as unsustainable.

Now that $30,000 has come back, cold feet are gone — investors, both small and big, are getting back in again.

“Whales and smaller fish alike have begun accumulating while others have gone neutral,” the findings said.

“If this interpretation is right, then what we saw was a reset. Would this trend of accumulation, there is just one direction that Bitcoin can go and it’s up.”

That perspective gives a refreshing argument to the seemingly bearish tone that has taken over many investing commentators over the previous few weeks.

Even the traditional stock-to-flow price model has led to concerns about invalidation, something its creator says isn’t true, while on-chain activity has had low volumes and a lack of good support over $30,000.

Predictions for a major price movement higher are not in short supply, meanwhile, with new hopes for upward move lingering even with Bitcoin sliding under $32,000 on Wednesday.

Author: Blake Ambrose

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Do you like to take a chance on high-risk, high-reward stocks every now and then? You are not alone. As long as you do not risk more than you can reasonably lose, there is nothing wrong with keeping things fun.

But if your capital is being saved away in an IRA to grow a retirement nest egg, things change fast. Growth is something that can be achieved, and risk should be managed. Many retirees will achieve this balance by purchasing a basket of stocks instead of going for individual ones.

So with that in mind, here’s a rundown of three top ETFs any investor working on retirement should think about adding to their IRA.

SPDR S&P 600 Small Cap Growth

When you want to stick to index funds instead of dabbling in individual companies, the fund many people recommend is the SPDR S&P 500 ETF Trust.

This index’s constituents are some of the nation’s top corporate names, and it could be one of the most widely used barometers of the market’s overall health.

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The S&P 500 index is not necessarily the best index for performance, however. The smaller companies that are inside the S&P SmallCap 600 have better gains over time, and smaller-cap names lead the charge.

Over the past 20 years, the S&P 600 index has doubled the the numbers of the S&P 500. This puts an ETF like the SPDR S&P 600 Small Cap Growth ETF into play.

First Trust Clean Edge Green Energy

The green energy movement’s top stocks have lived up to their true potential. Almost 20% of the U.S. energy production now is sourced from renewable energy such as wind and solar.

With the First Trust NASDAQ Clean Edge Green Energy Index ETF, investors do not have to run the risk of choosing the wrong ones. The fund currently has 53 different companies ranging from Tesla to First Solar to NextEra Energy Partners, giving investors a connection to every company within the clean energy sector.

Vanguard High Dividend Yield

Finally, add the Vanguard High Dividend Yield ETF to your IRA as a final step to ensure easy portfolio growth.

The dividend yield of this ETF is not very high. Its current yield is 2.8% and that is respectable sure, but not unattainable from other investments.

The dividend is not the only benefit here. While promoted as a dividend stock ETF, what shareholders are getting is really a group of top-quality stocks that can reliably pay — and increase — their dividends.

Within the fund’s are big names like Johnson & Johnson and JPMorgan Chase — among names that are made to last.

The kicker: Vanguard makes it very cost-effective to buy these quality names in just one bundle instead of forcing you to do a lot of individual stock purchases on your own.

Author: Blake Ambrose

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Electric vehicle stocks have been very hot over the previous year, and even new companies with no revenue are achieving large valuations.

There is one EV company possibly hitting the market later in 2021, named Rivian, and it is a start-up that’s already brought in $8.2 billion from Amazon, Ford, Cox Automotive, and other huge investors with real possibilities. Bloomberg says the company has found underwriters for their IPO and it might reach the market coming this fall.

But the money that Rivian has raised does not excite me, it is the products the company is planning to offer.

A unique EV need

One of the largest gaps in the EV sector has been trucks and SUVs. Tesla has stepped its toe into SUVs with the Model Y and Model X, but these were not really created as rugged off-road machines and work more as crossover-size cars.

Ford and General Motors have electric trucks coming, but nothing available yet. This means the Rivian vehicles coming this month, the R1T and R1S, will be the first real EV trucks to hit the market.

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These vehicles come with a 300 mile range, the power to drive through three feet of water, and towing capacity of as much as 11,000 pounds. And the $50,000 to $70,000 price tag won’t be that much of a shocker to EV buyers.

A big buyer is already on board

The drivetrains for the R1T and R1S are the same, but they are not the only cars being built. The first to be produced will actually be Amazon delivery trucks. Here’s what the CEO of Rivian, RJ Scaringe recently Tweeted.

Amazon’s $700 million bet on Rivian was not just for equity, it was meant to create a new supplier for 400-plus-mile-range trucks that could reduce costs and lower Amazon’s carbon footprint.

What about the IPO?

Rivian is not quite a pre-revenue company with its production line being operated, but it is close. Outside of some products being given to Amazon, the company will not report a lot of revenue pre-IPO — but that will quickly change. R1T trucks are expected to begin delivery soon, with wide scale deliveries starting in early 2022.

Bloomberg says that Rivian might seek a $70 billion valuation in their IPO. I don’t usually get excited about pre-IPO businesses because we do not know much about their financials. But for Rivian, the company has the goods to succeed in the EV industry, and that is good enough for me to get excited about their IPO coming in 2021.

Author: Steven Sinclaire

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United States consumer prices increased last month at the fastest race since Aug. 2008.

The Labor Dept. revealed on Tuesday that the consumer price index went up y 0.9% in June, more than the 0.6% uptick in May. Analysts polled by Refinitiv were anticipating a 0.5% boost.

Used car prices also went up 10.5% last month, making up more than one-third of the boost. Also, energy prices went up 1.5% month over month and the price food also rose by 0.8%.

Prices increased 5.4% year over year, and have been going higher every month of 2021. Analysts polled by Refinitiv were anticipating prices to only increase by 4.9% annually.

The yearly data has a “base effects” tilt because of the lowering in prices that happened at the beginning of the covid-19 pandemic.

Core prices, which exclude energy and foods, increased 0.9% in June, more than the 0.7% boost recorded in May. The 4.5% yearly increase was the highest since Nov. 1991.

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Higher prices went through large swaths of America’s economy as businesses have had trouble solving supply-chain bottlenecks that happened as a result of the covid pandemic. Some businesses are also having a hard time finding workers as easy unemployment benefits have led to workers staying home.

The Fed has said that these price gains are only “transitory” and that they will soon return to pre-covid levels as the dislocations from the pandemic are dealt with.

However, Jerome Powell, the Fed Chairman, has admitted the timing of this is “uncertain.”

This comes at a time when President Biden is preoccupied with election security changes among other partisan issues.

Meanwhile, Republicans say Biden’s out of control spending has caused the current inflation problems. And Democrats are maneuvering away from their previous “defund the police” stance, and instead linking police funding with the agenda-filled relief programs of the past six months.

By doing this, they hope to pin the blame of “defunding” the police on Republicans. This attempt seems to have failed as far too many Americans heard their calls to “defund the police” in 2020 and before.

Author: Steven Sinclaire

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Peter Thiel’s $5 billion Roth IRA is among the hottest retirement topics of the year.

The Silicon Valley CEO has reportedly stashed away money in a Roth IRA to grow his 1.7 million shares of PayPal (which he co-founded) in 1999, according to data published by ProPublica. His $1,700 starting investment was worth $3.8 million a year after. Now, he is sitting pretty on a $5 billion fortune that will be 100% tax-free if he does not touch it until after he is 59 1/2.

Although building a billion-dollar retirement is maybe not realistic for the average American, it is still a perfect occasion to research Roth IRAs and find out how you can enlarge your portfolio. Here are three lessons you can learn from Thiel’s retirement.

1. Get started now

Time is your gold path to success. The more time, the more your money can increase tax-free. Unfortunately, your time to give direct contributions to your Roth IRA will go away once your income gets past an annual limit.

When Thiel gave to his Roth IRA back in 1999, the max contribution limit was $2,000 for singles who had a modified AGI of under $110,000. He was eligible to use his after-tax money to contribute to his Roth IRA in exchange for lifetime of tax-free increases. By getting started early, he was able to watch his investments grow and use his increases to invest in other assets that might help him continue his strong growth.

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2. Contribute a high amount

Thiel’s Roth IRA was limited at $2,000 in 1999. Now, the Roth IRA limits have been increased and given an opportunity to use more contributions to change your portfolio’s total value.

For 2021, most singles can give up to $6,000. Anyone over 50 can invest another $1,000 into a Roth IRA.

Although it could be tempting to just contribute small amounts to your Roth IRA right now, you will have more money to invest in assets you want if you contribute the max each year. If Thiel just put in $800 to his Roth IRA, he would have lowered his earnings in half.

3. Invest in good assets

To make your contributions work even better, you must invest wisely. You may not have shares of a private company such as Peter Thiel had, but you can grow wealth by buying well-selected publicly traded stocks.

Even if you only achieve an average return of 10% per year (which is not unthinkable), a Roth IRA might get you to the million-dollar level in around 30 years if you continue to contribute the maximum amount (this assumes that max amount stays at $6,000 or higher).

Author:Scott Dowdy

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Americans’ inflation worries have gotten to a fever pitch in June, increasing to the highest level since June of 2013 as the price of consumer products kept surging, according to a Fed Bank of New York survey released on Monday.

The median expectation is for inflation to be up 4.8% in one year, a fresh high for the number, and up 3.6% in three years, the highest since Aug. 2013, according to the NY Fed’s Survey of Consumer Expectations.

Americans are also seeing the prices of homes continue to rise, with one-year expectations not changed from the 6.2% reported in June – much higher than the past one-year average at 3.7%.

Still, consumers report they expect the price food and fuel to decline slightly, while expectations for college tuition went up to 7% – the highest number since April 2019.

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Fed Chairman Jerome Powell has overall downplayed the increasing prices for services and goods, blaming the uptick on widespread bottlenecks that have greatly disrupted the supply chain and a flood of pent-up demand from consumers who have a lot of cash. Though he is said inflation might turn out to be “greater and more persistent than initially expected,” Powell has stuck to the opinion that it is likely transitory.

Policymakers at the United States central bank are working on how to deal with the deeply conflicting data: While inflation is rising – in May, the government saw prices increased 5% from the year prior, the fastest y/y jump since 2008 – with job growth also being slower. There are still a total of 9.5 million unemployed American citizens.

During their policy-setting gathering in June, Fed leaders unanimously voted to keep interest rates close to zero, where they have been since March of 2020, and promised to keep buying $120 billion in bonds every month.

The Fed did not signal in June that it was getting close to scaling back its high bond-buying, even though officials did raise inflation expectations to 3.4% for the year – a point higher than March’s forecast.

Minutes from their June meeting showed that officials had spoke about when and how to start winding down their support, but most officials reiterated they were not ready to begin doing this.

Author: Steven Sinclaire

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Author: Ken McElroy

Source: YouTube: Why I hate house flipping | Cashflow vs Capital Gains

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El Salvador’s Bitcoin announcement might create challenges for both the nation and the cryptocurrency itself, according to a group at JPMorgan Chase & Co.

Bitcoin volume usually exceeds $40 billion to $50 billion each day, but most of this is internalized by top exchanges, said analysts from JPMorgan in their report. A large part of Bitcoin is kept in illiquid entities, with over 90% not moving hands in over a year — with a “rising and significant fraction kept by wallets with low turnover,” they said.

“Daily payment movement in El Salvador would be ~4% of recent on-chain volume and over 1% of the total tokens which were transferred between crypto wallets in the previous year,” the report says, with the nature and illiquidity of the volume being “possibly a significant restriction on its potential as a means of exchange.”

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President Nayib Bukele’s drive to make Bitcoin legal in his nation has created a wave of debate regarding whether it’s helpful and what the consequences might be. The 39-year-old leader has said that Bitcoin will help reverse the country’s low financial penetration rate and decrease the cost of sending remittances. But the IMF — which is speaking to El Salvador about the nation’s credit program now — is among the groups who have questioned this rationale.

Even many supporters of Bitcoin say that, while there is a good argument for it being a good store of value, its utility as a mechanism for payment is limited.

“Bitcoin is a terrible payment system. It’s the worst one ever invented,” said William Quigley, the co-founder of Tether and a founder of multiple parts of the cryptocurrency sector, in a new video interview. “Any other token is more effective than Bitcoin as a means of payment.”

Other challenges that JPMorgan sees for the nation of El Salvador’s use of Bitcoin as tender include:

Recent polls suggest great skepticism and hesitance about using Bitcoin as money.

Bitcoin’s greater volatility gives a large challenge in a bimonetary system with official dollarization

An ongoing imbalance of demand for Bitcoin and dollar conversions on the official government platform might “eat onshore dollar liquidity” and then introduce a balance of payments danger.

Author: Blake Ambrose

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Over the previous five years, bio technology stocks have been beaten by the S&P 500. Controversies about drug pricing, the increasing cost of innovation in medicine, and greater generic competition have all been hitting away at biotech companies’ bottom lines.

These danger factors have meant the glass was half full — that is, they have delivered bargain opportunities to purchase biotech stocks at very low levels. So let’s look at two such companies and see why they are wonderful choices for investors looking for value.

1. Pfizer

Pfizer has been a leader in dealing with the covid pandemic with its vaccine, named Comirnaty. The company made $3.462 billion from this vaccine in Q1 of 2021, with revenue of more than $26 billion being expected for the entire year.

But its covid vaccine is not only a one-time increase to the company’s numbers. Recently, real-world research from Israel discovered that Comirnaty’s efficacy has lowered to 64% from 95% because of the rise of the deadly delta variant. Also, the vaccine’s safeguards against critical illness lowered to 93% from 100% in official studies. This almost ensures the need for boosters going forward.

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Pfizer expects its overall biopharma sales to reach $71.5 billion this year. That means a 70.6% y/y growth from its 2020 numbers after counting in the spinoff of its Upjohn generic business — a level essentially unheard-of for a big company. Also, Pfizer believes its earnings per share will boost by 62% from 2020 to reach $3.60.

Judging by the good vaccine demand, I believe Pfizer can protect its high growth for two years at least. Moreover, the stock is crazy cheap, at only 11 times price to earnings. It also gives an impressive dividend of 4%.

2. Regeneron Pharmaceuticals 

Regeneron has has some great growth — and its movement is still continuing. In the first quarter 2021, its net income and revenue grew by 78% and 38%, respectively, to $1.115 billion and $2.53 billion. Its top drugs were Eylea (which treats retinal disease), Dupixent (anti-allergy medication), and cancer-fighting Libtayo. The latter got regulatory clearance for treatment of non-small cell lung cancer and advanced basal cell carcinoma the first part of this year.

The company also had $262 million in sales from its REGEN-COV coronavirus antibody cocktail. So even with the pandemic declining, the company could possible sell the product to more than 2 million people in the United States with certain medical conditions as a prevention means, especially against possible variants.

Overall, Regeneron is one of the best growth stocks with a reasonable price to buy now. It sells at 12 times earnings, which is low for a 50% y/y earnings growth.

Author: Scott Dowdy

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Getting a cryptocurrency listed on Coinbase is not that difficult anymore.

Until just recently, if Coinbase put up a new cryptocurrency, it was seen as a mark of approval and often brought the coin’s price up.

But Americans’ top crypto exchange has changed this policy. Instead of being selective, Coinbase will now list as many cryptocurrencies as it can.

The company’s CEO Brian Armstrong said via Twitter back in June that Coinbase’s target was to have every asset it legally could list.

“Outside our standards (for safety and legality), we do not offer opinion on the value of every asset,” he said.

“We are agnostic on assets, because we support free markets and that customers should have a choice in their crypto economy. This is how we will have the best innovation.”

Coinbase’s change in focus

The reason for the company’s new approach is a simple thing. Investors demand access to a much bigger range of coins, and if Coinbase does not provide it, investors will go to their competitors. 

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That is why the company says it wants to be the first to give new so called “alt” coins. The idea is to give the site’s customers access to such coins, but not give validation of the coins in question.

Coinbase currently has about 70 currencies in the United States, though they are not all available in all states. Armstrong informed CNBC back in April that his company is looking at listing 100 additional coins.

Armstrong stressed that people should not see a Coinbase listing as being an endorsement of any level. He also pledged that the top crypto exchange would give tools in the future to aid investors in evaluating individual cryptocurrencies.

Coinbase’s fresh direction makes perfect sense from a profit and strategy perspective. But for traders and investors, it has never been more crucial to do your own research. Always ensure you do a lot of googling when investing in a new alt coin. And remember to seek out skeptics who can give you a broader look at the value of a cryptocurrency. This is an industry with many shady figures looking to lie to investors to increase their own portfolios.

Author: Steven Sinclaire

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