We’ve written you hundreds of letters over the past decade and on occasion it’s nice to put a face with the name! Last week, Matt Pixa of My Portfolio Guide, LLC, was given the honor and opportunity to present an Economic Outlook to the Seal Beach Chamber of Commerce.
We share it with you here and look forward to your feedback and questions!
How is it that through both bull and bear markets you are constantly able to create new products and services that entice investors to take on risk beyond what they need in their investment portfolios? Time after time we’ve seen investors rush to get involved in the next great investment opportunity. Just looking at the last few years alone we’ve seen the Facebook IPO, Leveraged ETF’s, Day Trading, Managed Futures… and the list goes on and on. Most recently we’ve seen a new “currency” hit the headlines and attract investors … Bitcoins.
This new digital currency has caught plenty of media attention with the price hitting extreme highs and lows. Just in the last two weeks Bitcoins were worth as much as $260 a piece and then within days they dropped down to $100 a piece. This decentralized digital currency allows for exchange without any regulations or protection. It is based on an online programming code written by a group or an individual that operate under the name “Satoshi Nakamoto”. If that doesn’t make individuals feel secure then knowing that they can never hold these ‘coins’ in their hands but instead can hold them in their online digital wallet definitely should! Continue reading →