Generational Wealth Club

18/07/2022

Cryptocurrencies made a relief upwards, which may surprise a few, after a week of high inflation data. In my opinion, i think that this is only a relief and prices will continue going down in the coming months due to macro level effects.

I am a believer of cryptocurrencies and I think that they will play a huge role in finance in the coming years. But as an investor, we should thread cautiously.

Prices of cryptocurrencies are extremely volatile. You can lose 50% of your portfolio in a day. In my opinion, a total of not more than 10% of your total net worth should be in it. Of course, this is just my opinion and not financial advice.

A broad-based buying has been recorded in this market with Bitcoin leading the pack. The leader of cryptocurrencies has crossed over the $ 22,200 mark. Meanwhile, its counterpart Ethereum contributed substantial gains to the market.

14/07/2022

US Inflation numbers hit 9.1% in yesterday's top news.

What does this mean? Well, the US Federal Reserves would most likely hike interest rates. This means that its time to find asset classes that generally do well in these environments.

Some examples are REITS and the financial sector.

Full coverage of June's CPI report and the markets

11/07/2022

What everyone might be looking out for! Increase in DBS Multiplier's interest!

05/07/2022

An update on SSB returns! Still not beating y.o.y inflation if you put in for 10 years.

Always have options to do whatever you want with your money! I would say, good consideration to put here, but there may be better avenues!

02/07/2022

Disclosure: The formation of the page was for the sole purpose of education and updates on the happenings in the financial world in a ready-to-absorb, bite-sized style post.

30/06/2022

We are looking into a recession thats upcoming. In decades of history, with inflation rate so high, the only way to bring it down is through a recession.

What to do? In times like this, Cash is king!

Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.