Bitcoin Price Surges To $67,000 Following New ETF Launch

Bitcoin Price Surges After New ETF Launched

In today’s Money Tips Daily:

Bitcoin price soars to $67,000 in anticipation of more money going into Cryptocurrencies.

The FCA financial regulator being investigated itself over British Steel pension scandal!

Should you pull your pension fund out of

Sajid Javid warns of winter lockdowns in the UK, while Sunak wants to extend the multi-billion business support loan scheme.

Evergrande’s asset sales collapses leaving the indebted firm in more trouble.

Four main regulated investment areas within funds are:

1.      Stock Market

2.      Property

3.      Bonds

4.      Gold, Silver and Precious Metals

Taxes will increase to pay for lockdown and multi-billion green economic reset

Mortgage lending will become harder on ‘non-green’ or poorly insulated properties, as the government forces lenders to abide by its green agenda more akin to a socialist party.

Stock Markets could fall 10%, the Bank Of England has warned, and property prices could follow.

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted last week.

The QE money printing party, which have artificially fuelled property and stock markets to record highs, must eventually end.

How can you protect yourself and profit from a stock market or property crash when the bubble bursts?

Fortunes have always been lost and made during a stock and property market downturn.

Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware.

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#interestrates #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #bankofengland #mortgages #propertyinvestment #investing #evergrande #bitcoin #crypto #gold #silver #pension

Bank Of England Deputy Wants Urgent Regulation Cryptocurrencies Like Bit...

Bank Of England Deputy Calls For Urgent Regulation Cryptocurrencies Like Bitcoin

As the price of Bitcoin climbed to $57,700, the Bank of England deputy governor Sir Jon Cunliffe said Cryptocurrencies need regulation as a "matter of urgency".

Crypto technologies do not pose a risk to financial stability at the moment, but there are "very good reasons" to think that this might not be the case for much longer, Sir Jon said in a speech.

A future collapse in the price of cryptocurrency could spread through markets, he warned. A severe fall in the value of crypto-assets - for example, to zero - could force investors who have taken on debt with brokers to have to find cash or sell other assets to pay them.

"Similarly, there is the possibility of contagion," he said. "A large fall in crypto valuations could affect investor risk sentiment more broadly, causing investors to sell other assets that are judged to be risky and those perceived to have a similar investor base."

"Interconnectedness creates the possibility that shocks are transmitted through the financial system," he added.

In the past year, crypto-assets have grown around 200% in value from just under $800bn (£580bn) to $2.3tn (£1.7tn).

While this is relatively small in the context of the $250tn global financial system, the 2008 financial crisis was triggered by the sub-prime sector which was valued then at $1.2tn, Sir John said.

Most crypto-assets, such as Bitcoin, are not backed up in the real world by assets or commodities, but strings of computer code, and make up 95% of the $2.3tn. As a result, they are volatile, he said.

Connections between cryptocurrencies and the traditional financial system are also growing as big investors, hedge funds and banks become more involved, Sir Jon said.

"Bringing the crypto world effectively within the regulatory perimeter will help ensure that the potentially very large benefits of the application of this technology to finance can flourish in a sustainable way," he added. Source: BBC.

China recently banned all Crypto trading, having previously outlawed Crypto, mining to avoid a similar risks as well as any challenge to their markets and own digital currency.

Central banks and major governments will not allow Cryptocurrency to replace the currency which they control. Crypto is not recognised or even taxed as currency.

The Bank of England previously advised that people should only invest money into Crypto that they could afford to lose. When you borrow to buy Crypto or other volatile assets such as stocks and shares – a practice usually known as gambling - you risk losing more than your original stake.

Before the 1929 stock market crash, people were able to borrow to buy stocks using the stock as collateral. When the price dropped by 70%, the broker made a margin call demanding repayment which pushed thousands of people into bankruptcy.

With inflation eating away the buying power of savings where can you invest for higher returns without risk? The answer is that all investment carries a degree of risk. Even money on deposit in a bank is at risk if the bank fails, although most governments have some sort of deposit protection scheme in place.

Cryptocurrency is a high-risk investment, and some would call it speculation. Investing in the stock market can also be risky, as values can go down as well as up. Blue-chip shares, in major well-established companies, are less risky than smaller companies or start up tech firms for instance.

Property investment can be risky especially if you don’t know what you are doing, like buying blind at an auction because you’ve watch ‘Homes Under The Hammer”!

Financial education is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#cryptocurrency #crypto #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #propetyinvestor #stockmarketinvestment

Property Update – Investors Pouring Millions Into UK Real Estate

Property Update – Investors Still Pouring Millions Into UK Real Estate

Highlights:

·        Investors, including overseas buyers, buoyant on UK property

·        House price growth has slowed slightly after stamp duty holiday finally ends

·        Evergrande misses another interest payment as China property bubble crisis continues

·        Furlough scheme financial and job retention support is over for 1 million British workers

·        Millions in Europe facing higher energy costs as natural gas and oil prices continue rising

·        Stock markets down on September high, however Gold, Silver and Bitcoin prices higher

The key to any investing is education or knowledge, something you were not taught in school!

Would you like to learn more about property investing and earning extra cash from property using none of your own money?

Free Property Networking Event Sunday 3 October

Live Online Property Networking Meeting Sunday 3 October 7PM - Click here to register: https://bit.ly/3zvaBHR

Master your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio.

In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite.

Fellow property investors are your allies, your motivators, potential JV partners, private funders and more importantly, your reliable support network.

Join great speakers and property investors online at 7:00PM on Sunday 3rd October 2021

Click here to register: https://bit.ly/3zvaBHR

#property #buytoletlandlord #propertyinvestment #evergrande

First Country Adopts Bitcoin As Legal Currency As Crypto Gains Further A...

First Country To Adopt Bitcoin As Legal Currency

El Salvador will be the first country to adopt Bitcoin as legal tender alongside the US Dollar.

Citizens will be given $30 Bitcoin tokens in a new account.

Twitter acceptance could boot Bitcoin’s price further.

Bitcoin price recovers to $51,000 from $30,000.

Businessman loses £500,000 in Bitcoin scam.

Students turn to Cryptocurrency trading.

Boris Johnson grappling with UK’s growing social care timebomb.

See also:

Hackers steal $100 million of Crypto - https://www.youtube.com/watch?v=mDoZ3Ml8L3g&t=37s

Average houses prices falling after the rush to beat the Stamp Duty Holiday - https://youtu.be/O4SSsJ0sRt4.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

 

Bitcoin Hits $50,000, But Will It Go Higher And Should You Invest In Cry...

Bitcoin Hits $50,000 But Will It Go Higher And Should You Invest In Cryptocurrency?

Bitcoin jumped $50,000 (£36,480) for the first time in three months before falling back slightly, as the cryptocurrency continues to recover from a slump, the BBC reports.

The coin fell sharply in May after a crackdown in China and a decision by Elon Musk's Tesla not to accept it as payment.

Investor confidence is improving as more mainstream financial companies begin using the digital currency.

Although still down on a peak of $63,000 in April 2021, Bitcoin is still up 80% since January, when it was trading at just $27,700.

On Monday, it climbed almost 3% to $50,266.90 while Ether, another popular digital coin, was up more than 4% at $3,367.51.

PayPal will now allow customers in the UK to buy, sell and hold Bitcoin and other digital currencies as it expands its crypto services outside of the US for the first time.

Boasting 403 million active accounts globally, the US firm is one of the largest mainstream financial companies to offer users access to cryptocurrencies.

Continued support from the US Federal Reserve for the US economy has also bolstered Bitcoin recently, analysts say. It is holding interest rates at record lows and making riskier assets more attractive to investors.

Neil Wison of Markets.com said Bitcoin's rebound "shows no signs of cooling", although he said he expected to see some "pullback" in the short term.

But Dan Ives from Wedbush Securities said Bitcoin remained "a highly volatile digital currency", despite growing investor optimism. Source: BBC.

Is Bitcoin the new Gold?

Is Crypto a real currency?

Should you invest in Crypto?

See also:

Hackers steal $100 million of Crypto - https://www.youtube.com/watch?v=mDoZ3Ml8L3g&t=37s

Average houses prices falling after the rush to beat the Stamp Duty Holiday - https://youtu.be/O4SSsJ0sRt4.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

My 3 golden rules of investment and Warren Buffett's number 1 investment rule

Check out my three golden rules of investments and find out what Warren Buffett thinks is your greatest asset and what you should invest in.  

  

People often ask me whether or not they should be investing in property, shares, gold and silver or crypto currencies, such as Bitcoins.

My answer is always the same. Do you understand property, shares or crypto currencies? If not, why would you invest in something you don’t understand? Strange thing is, many people do invest their savings into things they don’t understand!

This brings me onto my first rule of investment.

1. Invest in things you understand.

I understand property, I understand stocks and shares as I do pensions and unit trust. I do not fully understand crypto currencies.

2. My second rule is to invest into real assets. 

Assets can be bricks and mortar physical assets, such as property or gold and silver. Assets can also be a share in a company or an online assets such as website or a database. I wouldn’t class a currency as an asset in the same way as a property, especially something like a bitcoin.

Many people do trade in currencies or buy them to hedge against currency movements. I have bought currencies, such as the dollar, when they are cheap against the pound because I know that I’ll need them at some stage for holidays.

Assets such as property and shares in traded companies usually offer an income or dividend as well as the opportunity of capital growth in the long term. Other assets, for instance gold or silver held in its natural state do not offer an income, although gold mining company shares do.

My personal favourite is property, as it is a tangible asset and I can see in touch! I can also borrow money, or use leverage, to buy an investment property.

Over the years, I have enjoyed rental income as well as capital growth, although there is no guarantee of either in the future.

The downside of property is that it is not a purely passive investment and is not as liquid as stocks and shares. It can take many months to sell a property, unlike a traded share which can be sold in minutes.

3. My third rule is to assess the risks and potential rewards involved in a particular investment and then make an informed decision.

Don't know the risks or potential rewards, upsides and downsides? Don't invest!

Warren Buffett said that you are your greatest asset and your greatest investment is the investment you make in yourself. This means investing in your education and personal development or in a business.

If you would like information on a free property investment taster course, email me at Charles@CharlesKelly.net

As always, money tips daily is not giving you financial advice and you should seek professional advice from an independent financial advisor.

Check out my Podcast episode "My 3 Golden Rules Of Investment" from Money Tips Daily by Charles Kelly, former IFA and author of Yes, Money Can Buy You Happiness. on Anchor.

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