In today’s recap, Marcello talks about Elon Musk becoming the second richest man after Jeff Bezos and surpassing the fortune of Bill Gates. Also, the Trump administration has allowed the beginning of the transition of power, putting an end to weeks of political uncertainty. Elon Musk the billionaire entrepreneur has added $100.3B to his net worth in 2020, surpassing Microsoft’s Bill Gates to become the world’s 2nd-richest person at $127.9B, after Amazon’s Jeff Bezos. The 49-year-old Tesla co-founder has the electric vehicle […]
Recap November 22: Tesla soars on S&P500 – Central Banks using crypto (Recap ep098)
In today’s recap Marcello talks about the great performance of Tesla’s stocks rallying in the S&P500 and also how Central Banks are growing interest into cryptos. U.S. based electric car company Tesla stock price surged +8.21% on Tuesday to $441.61 with additional gains early Wednesday. Tesla to become part of the U.S. index S&P 500 on December 21. Shares are up +428% in 2020, on a market cap of $419B. Means more cash on hand for the firm & +$15B more for […]
Recap November 15: Covid Vaccine! Election Results? (Recap ep097)
In this week’s recap, we talk about the effects in the markets of the announcement of the Pfizer-BioNTech new covid vaccine and also the unofficial election results published by the press that makes Biden the new president of the United States. The total value of the stock markets globally just hit an all-time high of $95T as of Wednesday. Stocks’ latest run to new highs was triggered by surprise news that Pfizer & BioNTech coronavirus vaccine was more than 90% effective. However, […]
Recap November 8: Election Chaos – Stocks Skyrocket (for now) (Recap Ep096)
In this week’s recap, we find one of the most contested presidential elections in US history, where the vote puts Biden as president, but Trump assures that he will execute certain measures to contest the election. US stocks closed much higher on Thursday, in a fourth consecutive day of gains for major indices, the best week since April. The shares of the main technology-related companies led the profits. However, the month of October ended negatively for the main US indices. In the […]
Recap November 1: Crisis 2020 – Stocks Dive Again (Recap Ep095)
In this week’s recap, Marcello talks about what seems like a repetition of the beginning of the coronavirus crisis, with the stocks market falling at record numbers not seen since months ago. U.S. stocks to record one of their worst weeks of the year. All 3 indices are in the red & on track for their worst performance since March, when the market tumbled under the 1st wave of coronavirus infections & business lockdowns. Asian & European stocks as well as commodity […]
Do 90% of traders lose money? FALSE
Today, Marcello talks about that old saying that 90% of traders lose money and tries to find a study that backs up that asseveration but finds none. Due to the lockdowns and all the aftermath caused by the coronavirus, Trading has become more and more popular because of its online and independent nature. That saying is something Marcello and most of the people in the industry used to say, but he came to question this when he received an article saying otherwise. […]
Recap October 25: Paypal Now Allows Bitcoin – Oil slides (Recap Ep094)
In this week’s recap, we see that US stocks were heavily influenced by updates on the progress of the US government’s stimulus plans. Republicans now offer $ 1.9 trillion versus Democrats at $ 2.2 trillion. House Speaker Nancy Pelosi said a deal on the new aid was “almost ready.” PayPal joins the cryptocurrency market Wednesday, thus allowing customers to buy, sell & hold Bitcoin & other virtual coins. PayPal customers can also use cryptocurrencies to shop at the 26M merchants on its […]
Making a fortune investing in Medellin
In today’s video Marcello talk to us about how we can make a fortune investing in Medellin, Colombia. Obviously, the coronavirus has caused some sort of curveball in all our plans, but that’s not necessarily a reason to not look for opportunities. When we talk about real state, property value is always fluctuating. Prices go up in some places while the fo down in others. And since the economy is reopening worldwide, the housing market is also going to start gaining strength […]
Recap October 18: Unemployment Down – 2nd Quarantine (Recap ep093)
In today’s recap, we talk about the overall rapid reduction of unemployment in the U.S. and a possible second quarantine due to a new wave of coronavirus infections. U.S. unemployment still has a long way to go to return to the under 4% rate before the pandemic & resulting recession, but the overall rapid reduction to 7.9% last month is an average, uneven growth of jobs, is the rule across the country. The jobless rate has fallen to just 6.6%, in the […]
Recap October 11: The End of Bitcoin? Michigan Govt Kidnapping, Stocks Rise (Recap ep092)
In this week’s recap, we talk about the plans of central banks of creating their cryptocurrency. Some anarchists had planned on kidnapping the governor of Michigan. Stocks rose on hopes of more stimulus. The Bank for International Settlements in collaboration with a group of 7 major central banks, published its 1st joint report into central bank digital currencies on Oct. 9. The Bank of Japan, one of the members, released a document outlining its own specific approach from a Japan-centric perspective to […]