Tag Archives: Dow Jones

“Tech Wreck?” NOPE! Just Another Step In The Trek ;) … AND Cryptocurrency Craze!

I’d like to start off by saying that I apologize for the lack of content on this blog recently. I have so many ideas for posts but with all the individual businesses I run it’s hard to always find the time. I’ll try to do better in setting aside time, as I truly do enjoy sharing my thoughts with you all and I plan on this blog being a huge part of the rest of my life. We’re only getting started!

First off, as you may have heard, a week or two back there was a “Tech Wreck,” as CNBC liked to call it. Shares of technology stocks were plummeting, but if you checked the market now, you wouldn’t know it as they’ve mostly all came back. To me, it seemed like market manipulation at its finest. I was following the charts closely, and the way the trades were happening while the stocks were falling it simply looked like computer generated trading. Tech stocks have been on a tear this year and my best guess is that the algorithms of today’s trading softwares were rebalancing portfolios.

The valuations of many tech companies are high. There is no denying that fact. But many of these stocks have future growth potential that boggles the mind. I won’t get in to every single tech stock in this blog post, but take Amazon for example. Amazon continues to dominate, and expand to areas that nobody ever thought possible. Just a short week after this so-called “Tech Wreck” news broke that Amazon is buying Whole Foods in a $13.7 billion dollar all cash deal. This will give Amazon a huge physical retail footprint on the market. Once this news broke, retail stocks began taking a HUGE hit, and still are.

Amazon is killing it with its web services, they continue to work on likely future drone deliveries, and just imagine what we HAVEN’T heard rumors about as of yet? I see this buyout of Whole Foods as just the beginning. I can see them possibly purchasing more grocery store chains, or even a department store chain. I’ll go out on a limb here and say that I could see Amazon buying Kohl’s in the next few years. Perhaps instead they may even buy Sears?! Not only can Amazon expand its business in many different ways with the Whole Foods purchase, but they can also expand their warehouse and fulfillment capabilities. It’s truly a win-win for Amazon.

When this “Tech Wreck” hit, while many were talking about how Amazon’s days of grace were over, I immediately went on the offense and started to buy and was able to purchase more shares of Amazon and Facebook at a discount. I bought more Facebook at $149.60 per share (as of this writing back to $155.07) and more Amazon at $978.31 per share (as of this writing back to $1,003.74).

Unlike many, I DO NOT see a recession coming any time soon. Not in 2017, at least. 2018 in its entirety is too far out to predict right now, but I would say the chances are slim. Will there be pullbacks? Yes. A correction? Yes, likely several. But are we in for a huge recession filled with doom and gloom? Not yet. My best prediction is that the Dow will reach closer to 30,000 (up from its current 21,394.76) before we get closer to the next recession. As for the stocks I mentioned, Facebook and Amazon, my target price for Amazon is around $1,250 per share and my target price for Facebook is around $200 per share, all within the next 6 to 12 months. What am I saying here? BUY. BUY. BUY!

I’d also like to mention that when there is a recession, eventually, which there WILL be, I’ll be ready. You should also. You should make sure you are sitting at least a little cash aside every time you invest for when it does happen. A recession is the single greatest opportunity for anyone to grow their money and business, despite the initial loss which will likely occur if you are already in the market. Then again, it’s NOT a loss if you DON’T sell, which I won’t be doing. A recession is a HUGE buying opportunity.

Now, to my other current obsession, cryptocurrency. What is cryptocurrency you may ask? Well, thanks to Google, here goes: “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” When you read a lot about cryptocurrency you hear a lot about the underlying “blockchain technology.” What is that? Again, thanks to Google: “A blockchain facilitates secure online transactions. A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.”

I believe this technology is a huge part of the future. Right now the market for these cryptocurrencies is very volatile, but I’m slowly growing a small position which I plan to hold for the long-term. There are literally thousands of cryptocurrencies, but only a few main ones, which I consider to be Bitcoin, Ethereum, and Litecoin. I have bought all three at various prices, and do so using Coinbase. It’s one of the more reliable places to purchase cryptocurrency, although the site does sometimes have issues where it goes down temporarily. Hey, when you’re blazing trails sometimes there are issues. We’re really still just in the beginning stages of this. If you look at the rate of return that Bitcoin, Ethereum, and Litecoin have had in the last year, to me anyway, it’s well worth a small risk. Am I going to sell all my stocks and cash out my savings to “bet the farm” on cryptocurrency? No. Am I going to continue to grow a small position and take a chance on what I believe to be a huge part of the future? You bet your ass I am, and I think that you should too.

I’ll be writing more on tech and cryptocurrency in the near future, as well as sharing more shopping hauls, and information on other investments I have recently made. Plus you never know what else may give me the spark of motivation to begin blogging about. I’ve got a ton of ideas planned out as well. THANK YOU SO MUCH for reading and if you have any questions, comments, or anything else, PLEASE leave them below!

THANK YOU!

Brent Ott

 

 

My favorite site of 2016 and most recommended for 2017: Stockpile

Here at NinjaGhostInvestments.com I plan on sharing a lot of different websites, apps, programs, and more which I use in my daily life including my businesses. Some that I use daily, some that I am just trying, and those that I both enjoy and can’t stand. I want to share a wide variety of things with you.

Last year while searching for a new trading platform with low commission fees I came across Stockpile, and instantly fell in love. They sell individual gift cards for stock in-store, but beyond that they have a dedicated website which you can use to purchase stock much like TD Ameritrade or anywhere else. However, much UNLIKE the other guys all trades, to buy and sell, only cost 99 cents. You heard me right… 99 cents!

Really, the only drawback to me is that regardless of when you place the trade, they execute after the market closes that particular day. The cutoff time to purchase shares for the day is 3 PM ET. Besides that, most of the same features you likely love with other brokerages are there. You receive dividends (if the stocks you purchase offer them), stock prices update often while the market is open, you can enroll in a DRIP, you name it.

Here is the big kicker… you can actually purchase fractional shares! For example, if you wanted to buy Amazon stock, and didn’t have the current near $800-per share to invest, no worries. You can purchase any amount. $25 worth? $50 worth? $126.72 worth?! No problem! This is a great way for both beginner and more experienced investors to get a piece of any company they desire, while not breaking the bank. Stocks that traditionally you may not be able to afford, you now can, and over time you can stockpile quite a bit of it if you keep purchasing.

I am a proud Android user (sorry Apple peeps) and also have nothing but the best of things to say about the available Stockpile app. If you ARE an Apple person, no worries, there’s also an IOS app. Features include your updated portfolio, charts/history of the stocks you own, news tidbits, and much more.

I highly recommend you all giving Stockpile a try if you are interested in trying a new brokerage to invest with. Here’s another great thing… you can open your account with no minimum balance!

Right now they are also offering a great deal for new accounts, through my unique referral link. If you open an account now, you will receive $5 of free stock with your first $10 purchase. Just $10! You honestly can’t beat that, and I assure you, once you try it, you’ll likely love it. Really, what do you have to lose? 99 cents!? You can’t buy a (decent) coffee for that! To get started right now follow this link: http://mbsy.co/gtmd6

This year I plan on trying some new similar brokerages and apps, and I’ll be sharing my experiences with those as well. I already use a few other newer companies, including one amazing financial firm I also swear by, which I’ll be sharing soon. Until next time, thank you for reading, if you have any questions or comments leave a message below, and enjoy the rest of your day!

Thanks,

Brent Ott