Eight years ago a new worldwide digital currency or cryptocurrency was introduced to the world. Since its inception, what we now call Bitcoin, has polarized the world as it has risen exponentially in value. Think of Bitcoin like the Nike of cryptocurrency, it is the most well known and valuable of the cryptocurrencies. One does not need to look back very far to see how quickly Bitcoin has risen in value. At the top of 2017 Bitcoin was about $1000, By October it was $5,000 and just last week it rose above $20,000 before settling at about $17,000 on Thursday December 7th. But just what exactly is Bitcoin and why so much hype?
There have been 13 hurricanes since the start of the 2017 Atlantic Ocean hurricane season that began on June 1st. This seasons current totals more than double the 30-year average of six storms in a typical season. Hurricane Harvey took things to another level when it hit land as a category 4 storm that completely ravaged Texas and surrounding areas in the Gulf. Matters only continued to worsen from there with hurricanes Irma, Jose and Maria all of which were devastating in their own way. But I’m here to shine a different light on these unfortunate situations. Although there are thousands of people displaced, without electricity and many even homeless there are still opportunities to be had for many people.
The world of investing can be intimidating when first getting started. There have been various strategies, platforms and tools that burst onto the scene to make things easier for the do-it yourself investor. For the long-term investor there is one strategy that can be beneficial to the health of your portfolio. The strategy I’m speaking of is called dollar-cost averaging.
Hip-Hop’s wealthiest couple has recently closed on the biggest purchase of their life. The LA Times reported power couple Sean Carter (Jay-Z) and Beyonce Knowles have purchased an $88 million dollar mega mansion from developer Dean Mckillen. The property designed by architect Paul McClean features four pools, a media center, it’s own wellness center, over 30,000 square feet. The property which was originally listed for $135 million, however Jay-Z and Beyonce were able to secure the home for significantly less, making it the largest transaction in Los Angeles County this year.