Today I have got something for the die-hard stock market investors!
Automobile industry is booming however electric car industry has got just 1% of the market share, which by 2020 will increase upto 7%. That does not mean you should invest in automobile companies.
Instead of buying automobile stocks one should invest in copper, zinc and nickel companies as 150 kilograms of copper is required to manufacture one electric car.
Folks, as in my previous article; I did mention the needs to be careful while investing in stock markets and it did fall across the globe.So again I say be very prudent while investing.
On the other hand, gold and silver have given good movement ,on the positive side as gold has crossed $1300. An investor had recommended to buy gold in 2008 when stock markets were crashing. That same investor is now positive in gold and silver.
Link
As an investment on long term in Cryptocurrency one can take position in XRP (Ripple) which is third in the market cap and quotes around 0.15cents as the concept of Ripple is very interesting if accepted by small banks. We can do away with the traditional fund transfer method which is Swift transfer as it takes 3-4 days for funds to be transferred from one country to another, whereas ripple technology can transfer in few seconds and can handle 1500 transactions. Furthermore, it is cost effective and saves cost of banks.
However, Bitcoin and Ethereum can be bought in small lots on every correction.
There is another digital exchange that is going to be launched this month end, which is in Egypt.
Regulatory clearance is awaited and the exchange has already got 300 pre-registrations from clients for opening their accounts.
So folks, more and more digital currency exchanges are coming up which is a good news for Cryptocurrency and so this certainly does not look like a scam.
Kindly await for my next article on World of Financial Abundance!
Disclaimer: This above article is entirely my personal opinion so consult your financial advisor before investing.
Comments
Post a Comment