Tomorrow the SEC will make a decision about whether Ethereum should be considered a security.
The “Howey Test” is what the SEC and courts use to determine whether something is a security. To be a security, something needs to meet involve all four parts:
1) An investment of money
2) Into an common enterprise
3) With an expectation of profits
4) Generated predominantly from the efforts of others
Did the buyers in the Ethereum ICO expect profits? Surely some ICO buyers bought for an expectation of profits. Yet, others’ primary purpose for buying ETH was to use them. ETH after all is used as “gas” to run decentralized applications on the ethereum network.
I think it will be difficult for the SEC to assert that most or all of Ethereum’s ICO investors expected profit.
If the SEC tries to take the position that any portion of investors expecting profit passes the Howey test, the entire Howey test...
This is Part 1 in a series. Click here for part 2.
Using the same research methods that led to my early and accurate prediction of the 2008 crash, I've uncovered what may be "the next big one."
WHAT: 65% Drop In The Stock Market
WHEN: More on that a bit later
WHY: Let me share the 5-part fact pattern...
I know this conflicts with the standard narrative around the stock market. The reason for this is the "Wall Street Marketing Machine" considers Industrial Era growth in its figures.
The truth is we must draw a line to differentiate before and after widespread Internet adoption, and I draw it at the year 2000.
Before the year 2000, the economy was dominated by business models that are now extinct. Those business models cannot grow our stock portfolios if those businesses are closed. (Think Circuit City, Blockbuster, Borders Books, etc).
Post 2000, we live in a digitally connected world that plays by...
Register for the free cryptocurrency investing webinar here
The crypto markets are down about 50%. This is a free excerpt from a video I made for my private investor club. It explains why we love "bloodbath" corrections and several reasons why they are good for investors.
Also, a lot of people emailed asking about the webinar they missed, so I'm teaching it again this Thursday:
It takes money to make money, with rare exception.
Most good investments require a minimum investment of $50,000.
So what can you do to get ahead financially when you don' have $50,000 to invest yet?
I like to think of this with the farmer's model of wealth:
The seeds in Step 1 is $50,000 to invest.
If you don't have seeds, you need to get some.
There are 3 ways to get seeds:
Method #1—The Salaried Job—used to be the safest bet, but these days it's the riskiest bet. That's because the world is changing so fast now, long-term careers are uncommon and they don't pay as well as they used to.
Method #2—The Sales Job—can work well if you have a great product to sell and hungry buyers who want to...
Hey guys and gals! MAJOR crypto news...
Segwit2X called off and BTC is soaring, looking to test $8000.
This is incredibly positive news in my opinion.
Make sure you go through the Bitcoin Profit System and implement the steps ASAP: https://bitcoin.nabers.com
P.P.S. If your net worth is over $2.1 million, you can invest in my crypto hedge fund where I manage a portfolio of over 40 coins. Apply at www.coincapital.com if you qualify.
The most important thing to know about real estate investing is that there are 3 ways to make money from owning real estate:
When an investor focuses only on 1 or 2 of these, they get into trouble. For example, people who lost a lot of money with investment properties in 2008 and 2009 were too focused on appreciation. In a housing crash, appreciation gets wiped out and replaced with depreciation. That’s tragic to an investor whose plans depend on appreciation. Millions of investors experienced this in 2008 and 2009.
Would you like to know how some real estate investors continued to make money during the last real estate crash? Smart thinking. I’ll show you… Meet Mike. He did not...