"It's sick! Look at this! I just doubled my money since January, and I don't even know what this thing stands for... Eeee... Teeee... FFFFFF..." Clapping his hands with excitement!
"Pfff, doubled! Bitcoin has been up fivefold since I bought my first coin... you are wasting your time!" She brushed off her hair from her face but kept the grin.
The two brag masters turning their heads toward me and wanting me to settle the battle: "Which one is the better investment?"
Waving my hands in the air as a sign to wrap up the conversation: "You are both doing great!" I answered hoping these two leave me alone.
When every new kid on the block is making money, it's hard to argue the merits of intelligent investing. I cleared my voice and looked at their happy, smiling faces and said: "Look guys! I don't know which one of you is better at investing, and I cannot tell you which one is the better investment, however, I can give you a small test that will accurately evaluate your investing skills... you take the test and decide for yourself." Here we go"
If the answer to any of the above questions is 'yes', you are being foolish and careless... Investing is not about what you are investing in but whether you are aware of the level of risk you are taking ... I can't tell you whether cryptocurrencies are a good investment or not. Neither can I tell you whether you should choose between ETFs and cryptocurrencies... What I can tell you is that there is only one good type of investing and that's the intelligent kind.
What has been on your radar this week?
Last week we released a new version of StockCard.io to help you in your own intelligent investing process. Have you seen it yet?
We believe in the intelligent way of investing. More precisely: invest based on data, eliminate emotions from decision-making, measure your true performance, and hold on until facts change.... We released the new version of StockCard.io with those goals in mind. Below is a recap of new features and enhancements:
Many of you have taken us on that offer and submitted Stock Card requests... We've been having fun running the Stock Card engine that collects, vets and summarizes close to 100 data points about each requested stock. Many of them have already been published, with more to come in the next few days... Click on the logo to go to the company's Stock Card:
That’s it for this week’s edition of Stock Card Weekly. Make sure to join the conversation on our Facebook Group and bring along a friend or two. The intelligent investing conversation continues every day!