My Thoughts on Bitcoin

Crypto can be exciting and lucrative...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED "My First Impression Was 'You've GOT to Be KIDDING Me!'" - Bill O'Reilly In this jaw-dropping video clip, Bill O'Reilly hears THE FOUR SHOCKING WORDS that will help SUPERCHARGE AMERICANS' RETIREMENT in 2021 and beyond... REGARDLESS of divisive politics... record-high debt... even the pandemic! Click Here to Watch Now (and Get the Four Shocking Words) Editor's Note: At Wealthy Retirement, we typically recommend safe, proven income-generating strategies, such as Chief Income Strategist Marc Lichtenfeld's 10-11-12 System. But we also recognize that many of our readers are at varying phases of saving for retirement. Some are already retired and are looking for ways to extend their savings. Others are just getting started and have a number of years to go before hanging up their work boots. So today, we're looking at a strategy that's a little out of the ordinary. In today's piece, Marc shares his feelings about cryptocurrencies and how to invest in them safely. One of the best ways to profit from the crypto craze is to use pick-and-shovel plays. The term comes from the gold rush days, when those who sold prospectors picks and shovels scored higher and more sustainable profits than the prospectors themselves. And right now, Marc has identified the perfect pick-and-shovel crypto play - a stock that can be held in any brokerage account, no complicated wallet necessary. Click here for all the details. - Rachel Gearhart, Associate Franchise Publisher MARKET TRENDS How to Profit From the Crypto Craze Marc Lichtenfeld, Chief Income Strategist, The Oxford Club A friend of mine is a serious investor. I don't mean he's got millions of dollars. He doesn't. But he takes his investments seriously, is constantly learning about different areas of investing and, while he trades a little bit, for the most part invests for the long term in dividend stocks. He texted me last week, "I finally cracked and bought some crypto. We'll see how it goes." I'm not surprised. Since seeing its price get cut in half in March 2020 from a year earlier, Bitcoin is now up 1,000%. Some experts are calling for it to go up an additional 1,000% from here. I own a very small amount of Bitcoin and have made nine times my money. Can It Go Higher? Everyone wants to know whether Bitcoin can continue its impressive rise. It absolutely can go higher. It also can go lower (thanks for the prophecy, Nostradamus). So can other cryptocurrencies. Bitcoin isn't the only fish in the sea. You may be wondering why I'm even talking about Bitcoin. Very few cryptocurrencies pay dividends or generate any income. I'm writing about it today because so many of you are interested, have requested my opinion and want to know how Bitcoin fits into your overall portfolio. Some believe crypto is a mania. Many have equated it to the 17th-century tulip bubble in the Netherlands. Nearly 400 years ago, people bid up the prices of tulips to ridiculous levels and flipped them like day traders. Bitcoin shouldn't be compared to tulip mania. A more accurate parallel is the dot-com boom. After that bubble burst, there were still quality companies left that went on to become giant successes - like Amazon (Nasdaq: AMZN) and eBay (Nasdaq: EBAY). Sure, their stock prices came down, but they eventually rallied and made long-term shareholders rich. The companies that were junk (and there were many of them) collapsed. I suspect that's what will happen with cryptocurrencies. The prices of Bitcoin and other cryptos could still go considerably higher. But I wasn't surprised that their prices fell hard last year, shaking out traders who had no business holding these assets to begin with. It got ugly and painful - just like all mania reversals. It could happen again. But if you're in the right currencies for the right time frame, you could do well. SPONSORED The Best 5G Stock to Buy Under $20 With stocks hitting all-time highs virtually every day, it's hard to find a good bargain. But this 5G stock is an exception. Its shares trade for less than $20, and it's locked in partnerships with ALL the major telecoms. That's why you need to get in NOW - before it's all over the mainstream press. Details here... If you're interested in getting in on the action, here's what I suggest. Decide how much you're willing to lose. If you've ever gone to a casino and were smart about it, you had a set amount of money that you were willing to kiss goodbye if lady luck did not pick you as her dance partner that evening. The same should be true in cryptos. Knowing your total risk will make it easier to hold on when things get volatile or to handle a potential loss. Allocate a tiny portion of your portfolio to cryptocurrency. The Oxford Club's Wealth Pyramid recommends only a small portion of your assets be designated for the riskiest investments. The good news is it doesn't take much to move the needle. Let's say you have a $100,000 portfolio and are willing to risk 2%, or $2,000, on crypto. If you made 500%, your $2,000 would have turned into $12,000 and your portfolio would have gained 10% just on the crypto alone. That's a decent year for a balanced portfolio. If things go horribly wrong and you lose the entire $2,000, it's not an insurmountable loss. You can come back from it even with more traditional investments. Understand what cryptocurrency is and how it works. Don't buy it just because it's going up (or because it went down). If you don't know what crypto is, learn about it before you buy it. There are many great free online resources where you can learn about it. In fact, my latest research is all about ways to profit indirectly from the crypto craze without taking on the higher risk. It all centers on one stock... Click here to learn more. The people who got burned the worst in the dot-com boom and bust didn't know or didn't care about the companies they bought and why their stock prices were moving in the direction they were. I avoided a lot of heartache by looking at companies' financial statements and business plans, and by understanding that management teams had no idea how they would ever make money. They were just cashing in on a mania. So many times I was told I was crazy for not buying certain stocks during that time. When they crashed, I had no stress because I didn't have exposure to the riskiest names. Cryptocurrency is an exciting and potentially lucrative investment. Just be sure you understand the opportunity... and the risk. Good investing, Marc Leave a Comment MORE FROM WEALTHY RETIREMENT Why Dogecoin Is Bound to Roll Over This Small Cap's 8% Yield Ain't Right Why Big Oil Will Go the Way of the Video Rental Store Facebook Twitter Email Share Push Alert SPONSORED "Get Unrestricted Access to All My Favorite Income Investments Today!" - Marc Lichtenfeld If you want to discover... My No. 1 strategy for building a constant extra income stream Details on my 12 favorite dividend stocks that could help you earn an extra income check every month - for the rest of your life How you can get unrestricted access to all of my top income research and investment recommendations NOW and in the future... Click here now... You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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