New Zealand legalizes salary payments in crypto

It was announced this week that New Zealand has become the first country ever to legalize salary payments in cryptocurrency.    This ruling was signed on June 27 by the Inland Revenue Department (IRD) agency’s Director of Public Rulings, Susan Price. It will be put into effect for three years from September 1, 2019. The ruling states that the digital currency begfdfdting paid must be pegged to at least one fiat currency, and must also be able to be converted directly into a standard form of payment.   The news…

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Will cryptocurrencies be a ‘safe haven’ asset in a recession?

With the US Federal Reserve slashing interest rates for the first time since the financial crisis and the birth of Bitcoin, and other central banks around the world following suit, including New Zealand, India and Thailand, a good question is whether cryptocurrencies will be a ‘safe haven’ asset in the event of an economic downturn.   Global economic instability appears to be intensifying after central banks around the world recently slashed interest rates, and the US-China trade war escalating after the devaluation of the yuan. With all of these events…

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My Story of How I became a Billionaire (Three Extraordinary Billionaires tell their stories)

Beyonce is rich, with a reported net worth of $290 Million. And so is Kobe Bryant sitting at $350 Million.   But in the tally of America’s 40 wealthiest self-made under-40 personalities, the pop diva trails nearly everyone else at number 38 on the list, while the retired NBA Most Valuable Player—whose superior athletic abilities should have outpaced any competition—came sputtering in at number 33.   Impressive still? No doubt. But when you take a look at the vast majority of the self-made wealthy on the list, there are some…

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What is 5G technology and how can you make money from it?

What is 5G? The next big innovation in mobile internet connectivity is 5G Networks. 5G Networks will offer faster speeds and increased reliability for smartphone connections and other devices. 5G connections are capable of offering networks that are significantly faster than current 3G and 4G solutions. Average download speeds of 1GBps are expected enabled through the latest 5G research and cutting-edge network technology. 5G Networks are expected to launch across the world by 2020, initially working alongside the existing 3G and 4G networks. This will provide exceedingly faster connections allowing…

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How to invest in property without having to deal with tenants, maintenance or significant upfront capital

Investing in real estate can be an exciting strategy, being both lucrative and satisfying at the same time. Buying a property usually requires that you have a portion of the total cost upfront while you will be paying off the balance, plus interest over time. Traditional mortgages usually require 20% to 25% down payment. Once you have acquired the property, you will then have to ensure you get a tenant that rents the property. You will also have to ensure that the property is maintained and rent is paid by…

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How to invest in Cybersecurity

The threat of cybercrime continues to rise globally and this drives the need for solutions to deal with the epidemic. According to MarketsandMarkets, the cybersecurity market is forecast to grow from $15.66 billion in 2018 to $31.82 billion in 2023 resulting in a compound annual growth rate(CAGR) of 15.2%.   Instead of just investing in one or two stocks, Investors looking to profit from this growing market, it will make sense to invest in a wide spectrum of cybersecurity stocks through exchange-traded funds(ETFs). Two ETFs that are dedicated specifically to…

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