Oct 27, 2015 11:14 PM EDT
Forbes contributor, Peter Pham, shared some of the most valuable and remarkable ideas and insights into 21st-century investing, along with a startling prediction of the inevitable collapse of the monetary system.
Pham's post summarizes the contents of his book The Big Trade: Simple Strategies for Maximum Market Returns, which is in itself a treasure trove of lessons shared by Pham's guests and acquaintances through years of immersing themselves in the business world.
While many of the ideas in his book are applicable in this day and age, some are highly flexible and all-encompassing that application in future generations will still yield eye-popping results. This is due to the fact that while markets and economies constantly undergo rapid changes and fluxes, there are elements that never change.
The Forbes post, which was published Monday, offers a great deal of knowledge, from ideas on how to raise business capital, to making sure your company can be "run by monkeys."
One of the insights shared in the post would be a prediction of the fall of paper currencies in favor of the use of precious metals or real estate in the trading arena. Pham states that this inevitable change will not only affect the US currency but the monetary system of the entire world.
Echoing Pham's belief of a monetary collapse, author and financial expert James Rickard published a book last year with the title "Death of Money", pointing out that China is well aware of the inevitable crisis and is "buying gold as fast as they can."
The release of Rickards book was reported by Reuters last year, and since then has attracted a lot of attention from other financial experts and economists due to the book's apocalyptic name and predictions.
In a follow-up article released by Daily Reckoning last March, Rickards goes on to advocate his beliefs in the hope of preparing the people of what lies ahead. He mentions how the trigger could be anything or a combination of several factors and elements that are perhaps too deeply-rooted and commonplace to detect or change.
Both Rickards and Pham do share a common goal with their books, which is to increase the awareness of the people and help them weather through, and even strive, in whatever economic state the world will be thrown into.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.