Tag: How To Invest Money

These Powerful Cryptocurrencies Have Crazy 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.

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Welcome to Franknez.com – if you’re part of the Patreon you’ve seen me adding a few cryptocurrencies to my crypto portfolio lately. 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 the powerful crypto plays that are nowhere near done growing!

#1. Ethereum (ETH)

Ethereum Cryptocurrencies

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 $3.9k.

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 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 it’s inception to now trading over $60,000 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

β€œWhere 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

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 $2.20 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

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 $0.24 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 to hit $1.07 by the end of 2021 and hover above it 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 With Kraken


How to Invest In The Stock Market For Beginners

How To Invest In Stocks 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 How To Invest In The Stock Market For Beginners

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, 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. This is how you do it.

#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 your 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

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

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 be a less risky and yield great profits over the long run. It’s an investors favorite and I personally hold share in the S&P500.

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

REITS

Invest in 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 to invest in stocks

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 in the stock market using Vanguard
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Head over to Vanguard and select ‘Open an account’.

how to open an account to invest in stocks with vanguard
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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

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Franknez.com πŸ‘‘

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 you hard earned money so you may further invest it in other assets.

Read: Best Tips & Advice For Beginners Investing In Stocks


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.

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How To Invest In Bitcoin Cryptocurrency For Beginners

Invest Bitcoin
How to invest in Bitcoin

Bitcoin has revolutionized the way we think about money and how we invest it. Kevin O’ Leary himself thinks Bitcoin will beat the S&P500, which earns on average 7-10% annually by an additional 4%.

I frequently get asked what I think about Bitcoin. In all honesty this could be a great place to park some of your money for the remaining of the decade. And I’ll explain why later but first lets go over how to invest in Bitcoin.

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

Lets get started!

Is Bitcoin the future?

Let’s face it, anything digital is the future. The way I look at Bitcoin is that it is gold in digital form. Why? Because there’s a limited amount of it and there’s a huge demand for it.

I don’t necessarily view Bitcoin as a means of currency to be used for transacting in the markets. Bitcoin to me is a means of multiplying your money like any other investment.

The difference with Bitcoin however is that nothing has quite grown like it. This is what makes this investment, or trade so attractive.

Will Bitcoin go back up?

BTC is showing major signs of a recovery. Investors should not worry about the selloffs that recently took place.

Hedge funds and other institutions shorting companies at the moment are in hot waters and are in desperate need of capital. View this market dip as an opportunity to buy at a discount.

The crypto market is undergoing a correction and will reach new levels growth with each passing day. BTC is recovering quite well.

Bitcoin recently dropped from $60K per bitcoin to $29K. Bitcoin is now trading closer to $50K.

Where can I buy Bitcoin?

Alright community, this is why you’re here. Before you begin your very first investment in BTC you’ll need to open a brokerage account with a cryptocurrency investment platform.

I personally use Kraken.

Buy Bitcoin and Crypto with Kraken
How to invest in Bitcoin

Kraken allows me to buy Bitcoin at ease straight from my laptop or from my phone. When you purchase Bitcoin with Kraken, you’ll be able to see the stats and charts wherever you go.

In fact, Kraken just made it easier to purchase BTC and other crypto. Before, you would have to transfer money through an ACH transfer which would take days. Now, you can easily connect your bank account and make purchases instantly.

This convenience makes Kraken one of the best platforms to use for crypto trading. Aside from this, the layout is extremely easy to navigate.

Some of the most popular banks you can link to immediately include:

  • Chase
  • Wells Fargo
  • TD Bank
  • Bank of America
  • and PNC Bank

Online banking payments are secured and you also have the option to choose from 1,000 other banks if you don’t use the most common ones.

Other popular banks include Ally, Capital One, U.S. Bank, and BMO Harris just to name a few. This list is huge which means it should be no problem finding your personal bank to start now.

Begin by creating your account first

Creating your account with Kraken is very self explanatory. Follow the steps and input all of your information to get started.

This part of the process is as simple as opening a bank account for example. If you have a brokerage account for stocks then you’ll find it’s almost an identical process.

Congratulations! You’ve now created your account to buy Bitcoin. Purchasing it is just as simple if not easier than creating your account.

All you simply have to do is navigate your cursor to the top of the web page where it details ‘Buy Crypto‘. Here you’ll be able to input the amount of money you will be investing in for Bitcoin or any other crypto using the drop down menu.

Buy Bitcoin

That same menu will display Bitcoin price in real-time. When you click on the Kraken logo on the top left corner of the page you will be redirected to your holdings.

Here you’ll see the price you purchased BTC and gain access to your gains or losses. All the information on this page is super easy to read.

Can you buy a fraction of Bitcoin?

Absolutely! You can put $100 or $10,000 into BTC and your purchase will execute in the form of fractions. Your investment will then go up as the market value for BTC continues to surge.

Unlike most stock market brokerage accounts, you can buy fractions of all type of crypto with Kraken. This is extremely convenient for the average retail investor.

When you buy Bitcoin you’re going to see the balance available in the form of decimal fractions. My very first investment in BTC was $100; this translated to 0.00174 BTC. Your fraction count will increase as you buy more of that investment.

Is it too late to buy Bitcoin?

Contrary to what most novice investors might believe, it is not too late to buy BTC crypto. Yes BTC was once a few bucks but just because it’s worth what it is today does not mean it’s too late to invest in it.

Trajectories show BTC is well on its way to new records. And although there has been a huge market selloff recently, BTC is moving up again.

You can now buy more fractions of a Bitcoin today than you could prior to this liquidation. I’m personally taking advantage of it.

How high can Bitcoin go?

Experts and analysts believe BTC will continue to surge well into the 100k range during this decade. Andrei Jikh even believes BTC could reach $500,000.

Can BTC reach $500,000?

I don’t doubt BTC will continue to surge and reach well beyond 6-figures. With this dip in the market, now is the perfect time to buy at discount.

Don’t ask me how much you should invest in Bitcoin though. This will vary from investor to investor. All I know is that the opportunity to multiply your money with crypto is there.

If you’ve made profit from Doge, I would allocate these gains into BTC in case you’re thinking of investing in this crypto. Remember, unlike Doge which is inflationary, BTC is deflationary. Meaning it has no ceiling as to how high it can go.

But that’s not all. Chamath, who predicted Bitcoin’s current price point since inception, is confident this cryptocurrency will continue surging well above $100k.

Chamath was an early investor of Bitcoin and Facebook. This venture capitalist predicted Bitcoin would be worth well over $10k when the price was only a few dollars.

And lastly…

If you gained any value from this blog post please be sure to share it. It helps us reach more like minded individuals looking to improve their lives by learning to invest.

And if you haven’t started investing in the stock market yet, read this step by step guide on how to start today.

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

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How To Create an Emergency Fund and Why It’s Important

Emergency fund
Create Your Emergency Fund Today!

Creating an emergency fund isn’t difficult so learning how to start shouldn’t be either. Here are 4 amazing strategies and tips to building your nest egg for a rainy day.

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

Lets get started!

When an emergency occurs, you’ll be ready

We can’t predict the future, but we can sure prepare ourselves for it when a rainy day disrupts our parade. Having an emergency fund allows us to have a peace of mind and also creates financial confidence. As Grant Cardone says, assume control of all situations; so prepare now so you’ll be ready later.

#1. Create an Emergency Fund Goal

When you don’t know where to begin, start by creating an emergency fund goal first. Everyone’s goal will vary due to income and the amount of debt carried. A good minimum would be $1,000 – $2,000. An ideal and longer term amount would be $10,000+.

Did you know that more than 50% of Americans can’t afford an emergency bill of $500? There is something seriously wrong with this.

DO NOT be part of this statistic, create your emergency fund goal right now. Literally right now. Just set it, and work towards manifesting it. YOU CAN DO IT.

Before you begin to build your hefty nest, make sure you’re debt free first. Contributions will be so much easier this way. If you’re not debt free, set the goal for your small emergency fund and work on eliminating debt before you start paying yourself first.

#2. Pay Yourself First

When payday comes, be sure to pay yourself first (SAVE). We often tend to splurge and sometimes put away what’s left. You know exactly what I’m talking about.

Paying yourself first is the complete opposite; spend after you’ve put money away towards savings. Check your calendar and see what must go towards your expenses. Deduct it from your earnings and focus on saving the portion that will help you reach your goal.

Find which week works best for you out of the month to save. Once your expenses have been taken care of, pay yourself first, and enjoy what’s left. If most of your income covers your expenses be sure to check out my post on the 7 easy ways millennials can start earning more money to see how you can earn extra income.

Now that you have your target, you understand how much you must put into savings every month to meet your emergency fund goal. Do what you have to do in order to make this happen.

Here are some quick ways you can earn extra cash:

  • Recycle
  • Deliver food
  • Offer ridesharing services
  • Teach online with Fiverr

Make sure any additional cash is directed towards your money goals.

#3. Don’t Let Your Savings Collect Dust

This is where you take the first steps towards allowing your money to work for you. Put it in a high interest savings account.

Keep about a quarter of your savings in your personal savings account as liquid asset (money you can take out immediately). The more you put into your high interest savings account, the quicker you will reach your emergency fund goal through the amazing work of compound interest.

Here are some banks that pay you interest:

What about the stock market?

Invest in the stock market if a). you have no debt and b). you’ve built your hefty emergency fund worth 3-6 months of living expense.

Read: How To Invest in The Stock Market (Step by Step)

#4. Be Consistent

In other words, discipline yourself to save for your emergency fund.

Saving money might seem like a sacrifice at first but by being consistent you’re now creating a great habit and financially stable life. Your future self will thank you.

Remember the importance of having an emergency fund. The benefits of being prepared include:

  • Having money in case of car issues
  • To cover emergency hospital bills
  • Security in case of a layoff
  • Financial peace for your family

The best way to carry out your mission on building your emergency fund is to put money away every month no matter how good or bad it was.

Develop this winner habit and you’ll be meeting your goals in no time.

Keep yourself motivated

If you find yourself losing motivation remember why you started in the first place. Nothing good ever comes easy.

Look for motivational and inspirational accounts on Twitter or Instagram. I personally post motivational content from time to time on IG.

Don’t stop at nothing.

Here are some life changing accommodations to help you save money

Save Money And Change Your Life
These Tips Require Discipline & Action | Start Saving For Your Future Today

1 – Don’t get into further debt. Wait on that awesome new car model that just came out. Perhaps work in your field a little longer before furthering your education. Remember, the more debt you have the harder it is to save.

2 – Start a side hustle. Use that additional income to add to your emergency fund and reach your target quicker. Don’t stop increasing your income.

3 – Live below your mean. This strategy will allow you to build your net worth so that you don’t live paycheck to paycheck.

Let me know in the comments below

Have you reached your emergency fund goal?

The readers would love to hear from you. Share your thoughts below.

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