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The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.
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Eight Things You Need to Know About Cryptocurrencies

Eight Things You Need to Know About Cryptocurrencies

In 1994, I was working for HBO at a low-level programming job. My central task was to get HBO streaming interactively on […]
The post Eight Things You Need to Know About Cryptocurrencies appeared first on Daily Reckoning Australia.

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Two Spots to Rev Up Your Portfolio

Two Spots to Rev Up Your Portfolio

Cryptocurrencies are becoming more mainstream by the day. News just in says that you can get exposure to ether via the  Nasdaq Stockholm exchange.
It’s via what’s called an exchange traded note (ETN) — similar to an exchange traded fund, except you only get exposure to one asset.
Here’s the deal: As more and more of these proliferate, it’s going to be easier for money to flow into the crypto market. That’s important for this bull market to keep going.  
The post Two SpotsSee Original Article

Resource Race to Fuel Stock Boom in Australia

Sizzling. There’s no other word for it. Bitcoin has now ripped through US$5,000. Where does it stop? I haven’t got a clue. […]
The post Resource Race to Fuel Stock Boom in Australia appeared first on Daily Reckoning Australia.

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The ‘Bitcoin Blueprint’ Goes Live

If you’re looking for consensus, I’ve got bad news for you: You’re not going to find it here at The Daily Reckoning […]
The post The ‘Bitcoin Blueprint’ Goes Live appeared first on Daily Reckoning Australia.

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Property Developers Show Stock Pickers the Way

Property Developers Show Stock Pickers the Way

Those big four bank chiefs must really feel bummed out right now.
The regulators are giving them a hard time.
Now they have to watch as other companies take their business off them.
Case in point is a company called TH Real Estate. It’s now setting up a platform to dish out commercial property debt here in Australia for the first time.
The post Property Developers Show Stock Pickers the Way appeared first on Daily Reckoning Australia.

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What Bitcoin Needs to Go Totally Wild

Yesterday I told you that I wanted to buy some bitcoin last week. I didn’t get to transfer the money across to my crypto account until first thing Monday this week — and I mean well before 9:00am.
Even so, the money didn’t show up until this morning. In the meantime, bitcoin is now well over AU$6,000. This delay is becoming expensive.
It’s been a massive comeback for bitcoin since the fuss about China shutting down its exchanges last month.
The post What Bitcoin Needs to Go ToSee Original Article

Property and Cryptos to Keep on Booming

You only have to start buying crypto to see how archaic the banks’ payment systems actually are.
I wanted to add to my bitcoin holdings last week. I needed to move money into my crypto account. Time got away from me.
Saturday was the earliest I could get to it.
No deal on the weekend of course. Transfers are closed and then there’s the usual delay sending money around.
When you move crypto, it’s a lot quicker than that.
And the crypto market trades 24/7.
The post Property and Cryptos to KeSee Original Article

Don’t Let These Three Gold Lies Fool You

I want to refute some of the more common arguments against gold. Mainstream economists make them all the time.
Because I write about gold and talk about it in TV interviews, I’m constantly hearing these anti-gold arguments. The time has come to shoot them down once and for all.
What are some of the main arguments against gold?
The post Don’t Let These Three Gold Lies Fool You appeared first on Daily Reckoning Australia.

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The Market’s Got it Wrong

The Fed’s preferred metric is calculated monthly by the US Commerce Department as the personal consumption expenditure (PCE) deflator.
The Fed’s preferred interval is monthly data compared to the same month one year earlier, or year-over-year (YOY).
With a 2% target for PCE core YOY, what’s the actual time series of data?
The post The Market’s Got it Wrong appeared first on Daily Reckoning Australia.

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How to Ride the Coming Australian Stock Market Mania

How to Ride the Coming Australian Stock Market Mania

The technological advances are coming so fast now.
The Australian market is beginning to heat up. You can’t see it if you follow the main index and the top companies.
But some of the small cap stocks are really firing.
This is especially true for software companies that can streamline the paper and pencil operations of the slow behemoths above them.
The post How to Ride the Coming Australian Stock Market Mania appeared first on Daily Reckoning Australia.

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Lithium ‘Battery’ Stocks Can Still Spike From Here

Regardless, the market couldn’t care less about what I think, and Tesla shares are up about 50% this year.
And all the battery stocks out here in Australia are still rumbling…
The post Lithium ‘Battery’ Stocks Can Still Spike From Here appeared first on Daily Reckoning Australia.

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Why the US Fed is Powerless to Save the US Economy

What makes it a depression is ongoing below-trend growth that never gets back to its potential. That is exactly what the US economy is experiencing. The New Depression is here.
Lost US economic output is now over $4 trillion and getting worse all the time. It will never be recovered.
The post Why the US Fed is Powerless to Save the US Economy appeared first on Daily Reckoning Australia.

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The Gold ‘Bridge’ Forming Now

The Gold ‘Bridge’ Forming Now

Gold might be returning to mainstream discussion a lot more in the future, and it’s in part thanks to cryptocurrenices.
One of the main selling points of most cryptos is they’re limited in supply. It’s built into their code. Yes, they can divided to very narrow chunks. But the crypto community is directly basing this on gold’s original appeal. 
The post The Gold ‘Bridge’ Forming Now appeared first on Daily Reckoning Australia.

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Memo to the haters: bitcoin bounces back

Crypto is here to stay.
You don’t have to believe me, either. Christine Lagarde, head of the International Monetary Fund (IMF), dismissed some of the concerns over virtual currencies late last week. Lagarde said:
The post Memo to the haters: bitcoin bounces back appeared first on Daily Reckoning Australia.

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The Fragility of the North Korean Nuclear Showdown

Right now, there’s no doubt that the greatest threat to world peace in general, and the U.S., in particular is coming from the Democratic People’s Republic of Korea, DPRK, commonly referred to as ‘North Korea’.
North Korea has made great strides in short-range and intermediate-range missiles, and is working rapidly toward an intercontinental ballistic missile (ICBM), that could reach Los Angeles and much of the rest of the United States from their territory.
The post The Fragility of theSee Original Article

Watch the Fed’s New Guard, Not the Old

Expert consensus was almost unanimous that the Fed sent a hawkish message after its September meeting. A December rate hike was ‘still on the table’.
The view was expressed in all of the major news outlets.
Markets got the message. The dollar rallied, the euro declined, gold traded down, and interest rates ticked up. That’s exactly what you would expect.
There was only one thing wrong with this story, as I explained at the time: Everything.
The post Watch the Fed’s New Guard, Not thSee Original Article

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