Tag: Crypto Market (Page 1 of 3)

Ken Griffin Speaks Out on Retail and FTX Collapse

Ken Griffin Speaks on FTX and retail investors
Market News: Ken Griffin speaks out on FTX and retail investors.

Billionaire investor Ken Griffin, the founder and CEO of multinational hedge fund Citadel, warned that the collapse of cryptocurrency exchange FTX could weaken confidence in financial markets at large and hurt the ability of younger investors to save for retirement.

Ken Griffin told Fox Business, “FTX is one of these absolute travesties in the history of financial markets.” 

His remarks come less than a week after the implosion of FTX, which at its peak was the third-largest cryptocurrency exchange.

The firm’s bankruptcy may affect up to 1 million creditors and comes amid reports that at least $1 billion in client funds disappeared.

The Wall Street Journal is now reporting that ex-CEO Sam Bankman-Fried cashed out $300 million during a $420 million raise from several investors last year for personal use.

Sam Bankman-Fried is now facing a class-action lawsuit that was filed on November 11th, 2022.

Celebrities named in the lawsuit include Steph Curry, Shaquille O’Neal, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary who allegedly helped Bankman-Fried promote the exchange.

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Citadel’s Ken Griffin Says Retail Investors May Likely Ditch the Markets

Griffin expressed concern that losses sustained by younger investors who lost money due to FTX may make them less likely to invest their savings in capital markets, including traditional instruments like stocks and bonds.

“The confidence, though, of a generation in financial markets has also been shaken. That’s really awful because the 20-some-year-olds to 40-year-olds who are so engaged in crypto — they’ve got to save for their retirement, and if they don’t believe or trust in financial markets, this is a huge problem. They need to own stocks, they need to own corporate debt, they need to partake in our global capital markets,” Griffin said.

Citadel is currently partnering with Virtu, Schwab, Paradigm, Sequoia, and other Wall Street giants to form EDXM Crypto Exchange.

A cryptocurrency exchange that is supposed to provide transparency and lower transaction costs through the use of high liquidity and tight spreads.

But concerns are growing within the retail investor community as Citadel enters the crypto space, calling it an outrage due to the hedge funds’ long history of abuse of power.

“The bottom line is American investors have really gotten hurt here to the tune of hundreds of billions of dollars in decline in market cap in crypto over the last two years. I mean that really strikes at the entire core essence of what investor protection is all about,” Griffin said.

Source: Fox Business.

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Stock Market News, Crypto News, Franknez.com.
Stock Market News, Crypto News – Franknez.com.

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Was The AMC FTX Token a Scam to Launder Money?

Sam Bankman-Fried | Crypto News: AMC FTX Token a scam?
Sam Bankman-Fried | Crypto News: AMC FTX Token a scam?

There are no signs of AMC Entertainment signing an agreement to the AMC FTX Token listed on the FTX crypto exchange.

When viewing the terms of service and terms of the tokenized stock product (AMC), users are prompted to error pages.

The AMC FTX token is also showing as an ‘invalid symbol’ on the platform with no live chart as we’ve seen in the past.

The tokenized stock was trading at $4 (USD) but has lost all its value since the company collapsed and filed for bankruptcy.

Retail investors are digging deep and are concluding that the crypto exchange could have potentially been using these tokens to launder money.

The FTX scandal only goes deeper into the rabbit hole.

Let’s discuss what happened.

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FTX Scandal: What Went Wrong?

What happened to FTX? FTX Scandal
What happened to FTX? FTX scandal | Crypto News.

Cryptocurrency exchange FTX filed for Chapter 11 bankruptcy on November 11, 2022, after the company’s valuation dropped from $32 billion to bankruptcy in only a matter of days.

The collapse of the cryptocurrency exchange dragged founder and CEO Sam Bankman-Fried’s $16 billion net worth to near-zero.

FTX was responsible for dropping the crypto industry below $1 trillion.

On November 16, a class-action lawsuit was filed in a Florida federal court, alleging that Sam Bankman-Fried created a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors from across the country.

Which celebrities were affected by FTX?

Steph Curry FTX
Steph Curry FTX promotion | Celebrities affected by FTX crypto scandal.

Celebrities named in the lawsuit include Steph Curry, Shaquille O’Neal, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary who allegedly helped Bankman-Fried promote the exchange.

FTX became one of the largest crypto exchanges in just three years with a valuation of $32 billion.

Bankman-Fried used aggressive marketing, including a Super Bowl ad campaign, and the purchase of naming rights to the home of the Miami Heat basketball team.

He became known for his political lobbying and donations as well as for working to support the cryptocurrency industry more broadly.

As values plunged in early 2022, he facilitated deals totaling about $1 billion to bail out cryptocurrency companies struggling as a result of the declines in token prices.

Conflict of Interest Created Mass Selloff in FTX

How did Binance play a role in FTX collapse? Binance FTX news.
How did Binance play a role in FTX collapse? Binance FTX news.

FTX’s collapse took place over a 10-day period in Nov. 2022.

The catalyst for the crisis was a Nov. 2 scoop by CoinDesk that revealed that Alameda Research, the quant trading firm also run by Bankman-Fried, held a position worth $5 billion in FTT, the native token of FTX.

The report revealed that Alameda’s investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency.

That prompted concern across the cryptocurrency industry regarding SBF’s companies’ undisclosed leverage and possession of assets.

Here’s when things really started going downhill for FTX.

Binance, the world’s biggest crypto exchange, announced on Nov. 6 that it would sell its entire position in FTT tokens, roughly 23 million FTT tokens worth about $529 million.

Binance CEO Changpeng “CZ” Zhao said the decision to liquidate the exchange’s FTT position was based on risk management, following the collapse of the Terra (LUNA) crypto token earlier in 2022.

By the next day, FTX was experiencing a liquidity crisis.

Bankman-Fried attempted to reassure FTX investors that its assets were stable, but customers demanded withdrawals worth $6 billion in the days immediately following the CoinDesk report.

Bankman-Fried searched for additional money from venture capitalists before turning to Binance.

The value of FTT fell by 80% in two days.

Sources: Investopedia.

FTX: A Pyramid Scheme Created from Mass Marketing?

FTX Pyramid Scheme
Was FTX a pyramid scheme? Crypto news and more.

Within hours of filing for bankruptcy, FTX was hacked.

The exchange noted that ‘unauthorized transactions’ close to half a billion dollars in total were stollen from several wallets during a period of days.

Since the incident, regulators of the Bahamas have frozen FTX’s assets, and the company has strongly advised against customer deposits.

What’s occurred with FTX is an ongoing investigation and lawsuit against now ex-CEO Sam Bankman-Fried.

So, was FTX just a scam to laundering money through the use of unauthorized stock tokens and covered by the hack that occurred?

Or was this just a poorly managed incident that occurred without motive?

I’d love to hear your thoughts on this.

Leave a comment down below.

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Citadel to Launch Crypto Exchange After FTX Collapse

Crypto News: Citadel and Partners to launch EDXM Crypto Exchange.
Crypto News: Citadel and Partners to launch EDXM Crypto Exchange.

Citadel is partnering up with Charles Schwab, Fidelity, Sequoia, Paradigm, and Virtu to launch EDXM, a cryptocurrency exchange.

The fall of FTX was primarily due to centralized players so what’s to say EDXM won’t be subject to such errors?

EDXM’s custody and wallet technology is being provided by crypto custody and infrastructure company Paxos, the companies announced in October.

Paxos, which is a custodian regulated by New York state, holds customer accounts in fully segregated accounts and has signed up large consumer-facing clients to enable crypto trading.

Its customers include PayPal, broker dealers such as Interactive Brokers, and others such as Nubank and Mastercard.

Crypto is still a taboo area for most of Wall Street, but with companies such as Citadel and its partners, it could attract big institutional money.

Here’s the latest crypto news.

Related: How to Invest in Cryptocurrency for Beginners

What is EDXM?

Citadel to launch crypto exchange EDXM
Citadel to launch crypto exchange EDXM.

EDXM is a new crypto exchange being developed by Wall Street giants such as Citadel, Virtu, and Fidelity for digital assets such as cryptocurrencies.

EDXM plans to offer delivery settlement versus payment settlement, a settlement method that’s used in traditional securities trading.

Other promises include extremely low transaction fees due to tight spreads enabled by greater liquidity.

The crypto exchange is also supposed to be different from some other crypto providers that are the market maker, exchange, and custodian all in one, which can be a conflict of interest and is typically not done in traditional markets.

Sort of like how Citadel is a market maker, hedge fund, and dark pool.

The head of strategy at Paxos says EDXM will provide transparency for the crypto market.

Some investors might argue that Citadel and its partners should provide more transparency in the stock market first before making such claims for the cryptocurrency market.

While some on Wall Street might think EDXM could lift the crypto industry, others look at the partnership as a means for Wall Street to take advantage of investors elsewhere.

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Crypto is Collapsing: Should You Take Your Money Out?

Market News | Crypto News: Should You Take Your Money out of Crypto?
Market News | Crypto News: Should You Take Your Money out of Crypto?

Crypto is collapsing and it’s been a very tough year for cryptocurrency holders as exchanges face the possibility of bankruptcy.

BlockFi is preparing for potential bankruptcy after halting withdrawals of customer deposits and acknowledging it has significant exposure to the now bankrupt exchange FTX, per the WSJ.

BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty surrounding FTX.

The exchange is now planning to lay off workers as the troubled firm prepares for a possible chapter 11 bankruptcy, said people familiar with the matter.

The Coinbase Pro cryptocurrency platform is also shutting down for good, per NerdWallet.

And a Hong Kong-based AAX crypto exchange is suspending all of its operations, per Watcher. Guru.

Crypto has had its ups and downs, but what’s occurring today seems like it’s going to have a longer effect on investors.

Should investors take their money out of crypto now?

Let’s discuss it.

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Bitcoin Magazine Warns Investors

Should you sell your crypto? Should you sell bitcoin?
Should you sell your crypto? Should you sell Bitcoin?

Just $3.7 billion Bitcoin were taken off exchanges last week per Bloomberg.

Bitcoin had fallen below $16K and is now trading just below $17K.

Now venture capitalists who invested in FTX are considering suing Sam Bankman-Fried for alleged fraud.

Confidence in the crypto space has fallen amidst the collapse of these exchanges.

The worst part is the number of investors who have been caught up in this mess.

According to the Washington Examiner, celebrities such as Tom Brady have lost most if not all of their investment in FTX.

Other athletes include Stephen Curry who had also signed previous agreements with FTX to promote the company.

Now Bitcoin Magazine and Unusual Whales are saying to get your money out of Bitcoin and crypto exchanges, signaling that matters could get worse before they get better.

Related: How to Invest in Cryptocurrency for Beginners

Will Crypto Go Back Up?

why is crypto collapsing? Will Crypto go back up?
Why is Crypto collapsing? Will Crypto go back up?

The current crypto crash we’re seeing today has been the result of centralized financial errors, according to CoinDesk.

“The meltdown of Sam Bankman-Fried’s crypto trading empire could not, and would not, have happened to a decentralized and transparent protocol”, says the Amanda Cassatt.

JP Morgan has also identified centralized players as the root cause of recent crypto collapses.

Will cryptocurrencies go back up?

With time and with investor confidence, the crypto market will eventually recuperate.

Should investors take their money out today?

This is going to depend on the individual’s need for liquidity.

With an economy that is currently fighting inflation, and unemployment rates rising, having capital at hand might just prove to be useful as today’s uncertainty only becomes more uncertain.

But I’d love to hear your thoughts on this.

Let’s start a discussion, leave your thoughts below.

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Related: List of 4 Best Crypto Exchanges for Beginners


Retail Investors Have Big Opportunity in the Market Right Now

Stocks and Crypto to buy in a bear market.
Stocks and Crypto to Buy in a Bear Market | Opportunity in the market right now.

That’s right, even in today’s bear market, retail investors have big opportunity right now.

If you’re a new investor or entered the market during the bull run, chances are your portfolio is down significantly.

But don’t let your first bear market shake you off because there are numerous opportunities out there that have the potential to yield big returns.

If you’ve been reading my blog for a while now, you’ve more than likely capitalized on opportunities such as AMC, HYMC, Shiba Inu Coin, Terra Classic, and Bitcoin during properly and fortunately timed moments.

So, what’s new?

In this article, I’m going to go over the opportunities I see that lie ahead for retail investors.

None of the information on my blog is financial advice but rather speculative content based on current information and trends in the market.

And with that being said, let’s get started.

Not Invested in The Markets Yet?

If you or someone you know are not invested in the markets yet, the two articles below are going to walk you through, step-by-step on how to buy stocks for the very first time and how to buy cryptocurrency for the very first time, too.

Much information on how to invest in the markets is outdated so I wanted to create easy guides for beginners.

You can read them here to get started:

Remember, one of the greatest wealth you can share with someone else is that of knowledge.

Opportunities in the Stock Market Today

opportunities in the stock market today
Opportunities in the stock market today.

During a bear market share prices tend to tumble, hence why many long-term investor’s portfolios tend to lose value.

And although we can’t entirely time the bottom, we know that at some point the stock market is at a massive fire sale.

Value investors such as you and I can pick up shares from our favorite companies at these low prices before the market reverses trend.

Economists, analysts, and entrepreneurs alike predict there is still room for another 10%-15% drop in the markets.

But for the record, these are just predictions after all.

The point here is for value investors to capitalize on this falling trend by purchasing low and holding during the next bull market.

Whether you choose to capitalize on opportunities presented in a bull market or not will ultimately be up to you.

However, capitalizing during a bull market will require value investors to buy during a bear market, not during the bull market.

After being involved in the retail community for almost three years now, there are stocks and crypto that just stand out as having big potential during the next bull run and I’m going to discuss them below.

Stocks Worth Buying During a Bear Market

None of the information provided below is financial advice, but rather speculative in nature based on market trends and current information at the time of publication.

AMC Entertainment Stock (AMC)

You’ve probably heard all the ruckus on AMC and ‘meme stocks’.

It’s true, the stock jumped from $5 per share to an all-time high of $72 per share.

AMC Entertainment stock is currently trading below $6 again due to this bear market.

What makes this stock such an interesting value investment is that it has a huge community made up of millions of people who plan to take its current price up again.

Plus, the company has beat earnings every quarter since 2021.

Investing in the largest movie theater chain in the world could prove to pay out big during the next bull market.

SPY Stock (SPY)

I’ve talked about SPY stock numerous times on my blog.

It’s even made the list of best divided stocks to buy for passive income.

SPY is the S&P 500 index fund that tracks the top 500 performing companies in the U.S and has been a favorite amongst value investors for a long time.

Warren Buffett himself says he’s moving 90% of his wealth to this specific stock when he departs us.

Just this thought should speak for itself.

SPY has a great track record for its increased value over time.

Vanguard Real Estate REIT (VNQ)

I believe every value investor should have at least one great performing REIT, or Real Estate Investment Trust.

VNQ is Vanguard’s commercial real estate investment trust with a great track record since the recession of 2008.

The REIT is also on the list of the best dividend stocks to buy for passive income.

While the real estate market is set to retrace some of its gains, keeping an eye on this stock may provide retail investors with big opportunity during the next bull market.

GameStop Stock (GME)

What GameStop is doing with their NFT marketplace is genius and not a lot of people know about it.

Wonder why, *ahem, mainstream media*.

The video game company is making it available for people around the world to own actual digital items inside games through the use of blockchain technology.

The opportunity this technology will bring to entrepreneurs and flippers alike in the future is massive.

Investing in GameStop early on could have massive potential as our economy shifts towards the digital/metaverse economy.

Amazon Stock (AMZN)

Amazon is now affordable for just about any value investor to buy shares from.

The company stock traded above $3K per share before its 20-for-1 stock split made it available for everyone to purchase.

AMZN is currently trading below $100 per share and it’s a steal whether you’re anticipating another 10%-15% market drop or not.

Tesla Stock (TSLA)

Despite what you might think of eccentric billionaire Elon Musk, you cannot deny what the entrepreneur has created is fascinating in its own respect.

Tesla stock has shown outstanding growth in the past even after stock splits.

We’ve seen this company’s stock reach massive popularity during the previous bull market.

In fact, it was right under AMC Entertainment stock as the most searched for stock on Google in 2021.

Meta Platforms Stock (META)

Most boomer investors, like mainstream media, don’t truly understand the potential of Meta.

While Zucks might currently get made fun of by Wall Street ego, there’s a huge opportunity investing in early technology, especially a technology that one day may change the world as we know it.

Today’s innovators will carry the baton, whether old power likes it or not.

Crypto to Buy During a Bear Market

crypto to buy in a bear market.
Crypto to buy in a bear market.

Here’s a list of cryptocurrencies I’m keeping an eye on in today’s bear market.

Think a stock or cryptocurrency should be on this article?

Leave a comment down below!

Share This Article for A High-Five

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If you’ve made it this far, it means you’re taking the steps to simply try to figure things out for yourself financially.

Well done on your part for seeking the information on how to become a better investor than you were yesterday.

Share this article with someone you care about or publish it on social media for others to see!

You never know whose life you may change by simply sharing the knowledge you’re taking in.

With that being said, thank you for being here today.

Until the next one.

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What Are NFTs And How Will They Change The World?

What are NFTS - NFTS explained
What Are NFTs? NFTs explained

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

franknez.com

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

Related: Gary Vee's 'VeeFriends' Partners Up With Toys"R"Us

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners

How to Invest In The Stock Market For Beginners

How to invest in the stock market for beginners
How to invest in the stock market step by step for beginners

There comes a point when you realize that in order to build wealth it will require you to build multiple streams of income. The average millionaire has seven. The stock market is one way you can invest your earned income in order to start earning passive income and multiply your money. Here’s how to invest in the stock market step by step for beginners.

franknez.com

Welcome to Franknez.com – the blog where you can digest content on personal finance, entrepreneurship, market news, and trending investing topics.

Lets get started!

I’ve been investing in the stock market since 2019.

When I learned how to open a brokerage account and buy company stock, I knew I had to show people how to do it too.

Everything I found online was outdated so I wanted to make it easy for people to start.

Benefits of investing in the stock market

One of the greatest benefits of investing in the stock market is that you get to hedge against inflation.

Inflation is at an all-time high right now and simply letting your money lose its value isn’t going to create wealth.

The stock market also provides an average return of 7%-8% annually which means those CDs and high yielding savings accounts are a thing of the past.

Even so, you can always create a portfolio bringing in 20%+ annual returns!

In June of 2021, AMC shareholders saw a whopping 3000% return on their investment at its high.

GameStop shareholders saw about half!

Although these trades are much different anomalies then traditional long-term investing, it paints a picture of the power of the market.

Let’s get you started!

#1. Set a Budget When Planning to Invest

set a budget when investing

Before you begin to invest you will need to set a budget on your first investment(s).

The great thing about the stock market is that you can invest with as little as $50 or so depending on the cost of a share.

A share is a fraction of a company you can own and earn money from as the company grows and profits over a period of time.

Example

If you set a budget of $200 and the share of a company you want to invest in costs $50 then you can purchase (4) four shares of said company.

If a month later the shares you purchased are worth $60 each then your shares would now be worth $240, resulting in a $40 gain.

This is how investing in the stock market works.

Note: I highly recommend having your emergency fund built prior to proceeding with investing in the stock market.

It is important to highlight that the money you invest in the stock market will need to be money you can tolerate losing.

The stock market is volatile meaning the value of your assets is constantly going up and down.

Something to keep in mind is that the value of your investments can go down just as fast if not faster than they went up.

Now, this is not addressed to scare you. The stock on average has an annual return of 6-8% per year.

Why should you invest in stocks?

Investing in stocks is a great way to diversify your portfolio.

You don’t want to keep all your eggs in one basket.

For this reason, the wealthy invest in companies they believe have long-term potential to thrive and to multiply their investment.

#2. Know What to Invest In

Now that you’ve set a budget you’ll need to know what you want to invest in.

Once you do, find the stock market symbol of the company on Google search engine.

If you wanted to invest in Coca-Cola for example, you’d search ‘stock market symbol for Coca-Cola’ on Google.

You’ll see that the NYSE (New York Stock Exchange) symbol for Coca-Cola is KO.

This is how you will identify and search for companies to invest in when you’re in the market to buy stocks.

Here are some different type of investments you can invest in within the NYSE.

Stocks

Invest in stocks coca cola stock
How to invest in stocks for beginners

A stock is a share of a company just like Coca-Cola.

Buying a share from one specific company is a stock.

Stocks are good to purchase if you strongly believe in the continued success of your choice of company.

Invest in companies that have room to grow and are constantly innovating.

Stocks I personally favor are Tesla, Apple, and Amazon.

These tech companies are always innovating therefore I have strong conviction towards their continued growth and success.

Index Funds

Invest in index funds
How to invest in the stock market

An index fund is a fund that tracks and follows the index (growth) of a group of companies.

When you own a share of an index fund, you own a percentage of a pool of companies oppose to just one company.

What makes an index fund great is that if a company within an index fund isn’t performing very well there are other companies that may balance the overall performance of the fund resulting in a fair return.

A popular choice is the S&P500.

This index fund tracks the performance of the top 500 companies in the United States.

This type of investment tends to be a less risky and yield great profits over the long run.

It’s an investors favorite and I personally hold shares in the S&P500.

Bookmark: Retire a millionaire with the S&P500: is it possible?

REITS

Invest in REITS
How to buy REITS

A REIT (Real Estate Investment Trust Fund) is very similar to an index fund.

The only exception is that it invests exclusively in real estate companies oppose to other businesses.

If you want to invest in real estate without the hassle of learning the game, using cash up front, or getting into debt, REITs are a great way to diversify your portfolio into the real estate sector.

A great REIT I’m invested in is VNQ with Vanguard.

Which investment is right for you?

Each of these investments has their own benefits.

My suggestion is to research them individually as all of our needs are very unique.

As your skills develop as a retail investor, you’ll find yourself having a diversified portfolio consisting of all three.

Invest in the stock market and learn to identify which investment is best for you.

Price is what you pay. Value is what you get.

Warren buffett

#3. Choose a Brokerage Firm to Begin Investing in The Stock Market

This is the fun part.

Choose a reputable online brokerage firm.

A brokerage firm is a platform where you will be doing all of your investing through the NYSE.

Here you’ll be able to purchase stocks and sell them.

Each brokerage firm has their own customer advantages but are very similar to use.

Here is a list of brokerage firms you can open an account with and sign up for free.

Check out each brokerage firm’s website and see which feels more comfortable for you to navigate.

Do some research on each of them to see which has the strongest potential for your needs. I personally use Vanguard.

Vanguard investment - brokerage for investing
How to invest in the stock market for beginners

Note: When you purchase investments, there are small commission fees your investments will pay out to the firm.

They are very small in most cases and don’t hinder your earnings like you’d think. Vanguard has the lowest fees.

Each brokerage firm will have different commission fees and the percentage will vary in each firm.

For example: Coke (KO) will have a slightly different commission fee in every firm despite having the same share cost.

#4. Open your account

For this step-by-step on how to invest in the stock market I’m going to use Vanguard.

Vanguard is one of the most reliable brokerage accounts you can use.

how to invest with Vanguard
Franknez.com
How to invest in stocks for beginners

Head over to Vanguard and select ‘Open an account’.

how to open an account with vanguard
How to invest in stocks with Vanguard

Select ‘Start your new account’ to get started.

Vanguard Account

Choose the method you will be funding your new account. You can choose between:

  • Electronic bank transfer or another Vanguard account
  • Rollover from an employer plan (e.g., 401(k) plan)
  • Transfer investments from another financial firm

Most new retail investors will be choosing the first option, using an electronic bank transfer to fund your account.

Open a vanguard account

Before you open your account to begin investing in the stock market you’ll need your bank account and routing number as well as other personal information.

Once you’re in it’s time to transfer funds into your account.

#5. Transfer Funds into Your Brokerage Account

Congratulations! Now that you’ve chosen a brokerage account to invest with, you’ll have the tools at your disposal to begin investing.

Navigate throughout your brokerage website. Get comfortable with where things are.

Things might seem very new at first, intimidating even.

Don’t worry, now that you’ve begun something new, you’ll begin to take the first steps toward self-education.

First, you’ll want to learn how to transfer funds into your brokerage account.

I will be demonstrating step by step how to do this using Vanguard.

Toggle the settings to connect your bank account with your brokerage account so you can start to invest in the stock market.

This direct line will allow you to transfer funds into your account so you may begin to purchase shares.

Once you have this set up you may transfer the money from your budget to invest in.

Vanguard investment

#6. Make Your Very First Investment in The Stock Market

Now that you’ve transferred your funds over to your brokerage account, navigate through the site to make your very first purchase.

Search the symbol of the stock, index, or REIT you will be investing in.

Note: Before purchasing, make sure you thoroughly navigate the website to get comfortable using it.

This will make the purchase experience a lot easier.

Once you pull up the investment, go through the details provided on the page.

You should be able to see its history, it’s projected return, its risk level, and so much more information about the investment.

Invest Vanguard

Purchase the investment!

Purchase the investment with the option set to ‘Market’.

This option will allow you to purchase the investment instantly at the price it’s worth.

We suggest doing a test purchase since this is your first time investing in the stock market.

This will help you get a feel for it. Purchase one share so you understand the process.

It will serve as good practice and experience.

Congrats on buying your first share!

Follow up on your investment the following day and see whether your investment had gains or losses.

You’ll see for the very first time how your investment grew in value or decreased in value.

You now have a taste of what it’s like to invest in the stock market.

Bookmark: My top picks of stocks to invest in right now

Final thoughts

franknez.com

I have personally invested in stocks since 2019 and have learned a lot about the stock market.

In fact, I’m still learning today.

I published an article on the best tips and advice for beginners investing in stocks to further help you on your journey.

Stock investing is all about strategy.

When you make money in the stock market you may let it sit and accumulate over time, or you may cash in your profits and allocate those gains towards other opportunities.

This is why I believe investing in stocks is extremely important to someone who wants to build wealth.

The stock market allows you to multiply your hard-earned money so you may further invest it in other assets.

If you received value from this post please be sure to share it with someone who’s working towards becoming financially independent and who is also building their financial future.

My mission is to help people all around the world attain financial stability in order to live their best lives possible.

Here’s how you make money trading the S&P 500.

Need a financial advisor? Click here.

You can follow me on: Twitter | Facebook | Instagram


LUNA (Terra Classic) Could Be Headed for Higher Gains

Will LUNA keep going up
Crypto News: Will LUNA keep going up?

$LUNC, Luna is making a ruckus in the crypto community as it rises from the grave.

The crypto community either brushed the cryptocurrency as another failure and walked away or took advantage of the price and bought Terra Classic at incredible lows.

Investors want to know two things.

What’s causing LUNA to go up, and will it continue to set higher levels of support?

Let’s break it down together.

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Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing stock and crypto news every week.

Let’s dive right into it!

Join the newsletter to receive weekly market news and more content like this, straight to your inbox!

Luna Classic Community shows ambition

The Luna Classic Community on Twitter has crypto enthusiasts on both sides of the fence.

Crypto investors are either up on gains in LUNA and continue to hold the cryptocurrency or are merely on the sidelines waiting for the asset to smash through the ground.

But bigger influencers such as David Gokhshtein are skeptical stating $LUNC is a lottery ticket.

Gokhshtein was a huge supporter of the project during the surge to $80 and $100 but has since deleted all tweets prior to the crash of UST (Terra Network).

LUNA supporters are hoping to pump the crypto to $1.

And while no one can rightfully predict how high LUNA ($LUNC) can go, the cryptocurrency seems to be setting higher support levels.

Why is LUNA (Terra Classic) going up?

Why is LUNA going up?
Why is LUNA going up? Franknez.com.

Terra Classic ($LUNC) seems to be having a great deal of volume coming in.

The cryptocurrency saw more than $1 billion in daily volume in the beginning of September where it then turned into $2 billion per day.

It seems whales are moving big money into this very speculative trade and slowly pumping it in order to profit later.

Whales (big money) are the ones who have the power to move the markets so it would only make sense as to why large sums of cash are being pushed through LUNA and not a bigger asset such as Bitcoin.

These investors who have been liquidating from BTC and Ethereum might be looking at other cryptocurrencies to capitalize from.

But those are just my thoughts, I’m curious to know what you think.

Buy LUNA with KRAKEN! 👈

Is Terra Classic done running up?

What we do know is that Terra Classic ($LUNC) continues to set higher levels of support, which gives reason as to why LUNA could potentially be headed for higher gains.

Especially if whales are indeed pumping the security for quick profits.

I noticed big volume was going into this cryptocurrency and had called out momentum rising around .00031, LUNA has reached a high of 0.00048 since.

If you’d like more updates on $LUNC and other crypto, join my newsletter for weekly updates or connect with me on social media.

Related: How to buy Cryptocurrency for Beginners

You Can Follow Me On: Twitter | Facebook | Instagram


These Powerful Cryptocurrencies Have Crazy Predictions

Cryptocurrencies List Price Predictions
Cryptocurrencies With High Price Predictions

If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.

Cryptocurrency has earned early investors millions and even billions of dollars in ROI.

You might be thinking, is it too late to buy crypto? The short answer is absolutely not.

And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.

franknez.com

Welcome to Franknez.com – if you’re part of the Patreon you’ve seen when I add a cryptocurrency to my crypto portfolio. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.

Let’s get started!

Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum.

These are some of the most popular cryptocurrencies out there.

Just recently Shiba Inu Coin began trending as well.

These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.

These are only some powerful crypto plays that are nowhere near done growing primarily because of their communities!

#1. Ethereum (ETH)

Ethereum Cryptocurrencies
cryptocurrency list – Ethereum prediction – cryptocurrencies futures

Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”

And he’s not the only one who speculates ETH is in it’s infant stage either.

But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.

How high are analysts predicting Ethereum to go?

In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.

At the publication date of this article, ETH cryptocurrency is trading close to $3.1k.

Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.

Ethereum developer and supporter, Anthony Sassano believes ETH can go even higher. Giving it a $150,000 prediction by 2023.

Community, this is insane. In a very very good way.

If we’ve learned anything from AMC and GameStop, it’s that investor sentiment is what drives the markets.

And the crypto community is one of the most bullish investing communities out there.

#2. Bitcoin (BTC)

Bitcoin crypto list - cryptocurrency list
Crypto List – Bitcoin price prediction – cryptocurrencies futures

Bitcoin is probably one of the most if not the most popular cryptocurrencies in the crypto space.

This revolutionary crypto broke the perception of what people ever imagined could become a reality.

To think BTC traded only a few cents during its inception to now trading over $43.8K is astonishing to say the least.

If you’re on the Patreon, you know I bought the dip a few times when Bitcoin was trading around $32k-$38k back in June and July.

Most analysts see Bitcoin reaching $100k per BTC.

In a Forbes panel, the average came to $107K with 1/3 saying Bitcoin will reach more than $120,000.

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price Predictions – cryptocurrencies futures

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”.

Chamath was one of the first people to invest in Bitcoin a decade ago.

You might be thinking, “is it too late for me to invest in Bitcoin?”

The truth is it’s not.

See, crypto exchanges allow you to purchase fractions of Bitcoin or any other cryptocurrency.

As cryptocurrencies go up, your investment will go up, even if you’ve only put $100 in the market.

However, for significant ROI you’ll want to have quite a significant amount of money invested.

#3. Cardano (ADA)

Cardano Crypto list
Crypto List – Cardano – cryptocurrencies futures

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

It’s ties to the Ethereum co-founder have made it a very popular crypto to buy, especially at it’s incredibly low price.

Cardano is currently trading around $1.18 and traded at $0.02 during its inception.

The trader sentiment is extremely strong with more than 99% of investors currently buying this cryptocurrency.

Analysts want to see this coin reach a new all-time high of $4.

Price predictions for ADA vary:

WalletInvestor predicts Cardano cryptocurrency to reach over $14 by the year 2026. However, they predict Cardano to reach $4.50 in one year.

Based on this prediction, buying today could double your profits in one year from now and multiply it by seven in five years.

ADA is a long-term crypto investment. I’m bullish.

#4. Dogecoin (DOGE)

Dogecoin cryptocurrency list
Cryptocurrencies List – Dogecoin – Cryptocurrencies futures

Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.

Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.

However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.

It has gained a whopping 9000% just from one year alone.

Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.

Dogecoin is currently trading around $0.17 and peaked at $0.74 back in May earlier this year.

You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.

Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.

CryptoNewz predicts Dogecoin hover above $1.07 in the year 2022.

Based on this prediction, you could multiply your money by 4 in the short-term.

#5. (What Do You Think?)

What other cryptocurrency or cryptocurrencies at that, should be on this list?

Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!

Honorable mentions

  1. XRP (XRP)
  2. Shiba Inu Coin (SHIBA)
  3. Tether (USDT)
  4. Binance Coin (BNB)
  5. Polkadot (DOT)
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Read: How To Invest In Crypto | Read: Learn How to Buy Uniswap


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