CFD 471 – Investing In Crypto: Bitcoin, Ethereum, And More

September 6th, 2018

David Moadel is a part of PortfolioWealthGlobal.com Special Opportunity Research Team. He has nailed a number of key topics in the precious metals, cryptocurrency and USD bear market arenas.

He now proudly serves as the Chief Analyst of the letter. He also has his own YT channel called, Looking at the Markets with David Moadel.

Regarding his background, David has a master's degree in education and has taught at the elementary, high school, and college levels. The foundation of his trading/investing knowledge came from his father, who is now 83 years of age and has lived through the best and worst economic times you can imagine. In terms of investing style, David likes to combine fundamental knowledge and technical/chart analysis. He uses indicators but doesn't rely on them, and prefers to use data/information rather than emotions when making financial decisions. David’s passion for teaching is just as strong as his passion for finance, and he has helped many people to grow their income and, more importantly, to protect the capital they already have. With PortfolioWealthGlobal.com and his YouTube channel as avenues to help others, David has the financial know-how and a passion for teaching that has boosted the bottom line of countless clients. Focusing on data rather than emotions, David is always on the lookout for new pathways to financial freedom. Count on David for wealth-building strategies and resources for investors of all financial backgrounds.

Podcast Highlights

  • Who is David Moadel?

David is not a superhero but he does have a team of researchers to help him make his trading decisions. He’s been pursued by many different investors and newsletters but ultimately settled on PortfolioWealthGlobal.com because they align with David’s core values and his focus on cryptocurrency.

Cryptocurrency is derived from the Latin word “crypto” which means secret or hidden. Cryptocurrencies like Bitcoin and Ethereum are based on a grassroots level movement that is frustrated with central banks and rampant inflation.

  • Why Make Another Currency Like Bitcoin?

If you pay a portfolio manager to invest your money, they are probably just sticking your money into the stock market. We are currently experiencing the longest bull market in history, you should be diversifying your portfolio into assets that are not correlated to stocks and bonds. The zero interest policies are not going to last forever and the savers are the ones that are going to feel the burn.

Non-correlated assets go the opposite direction of the comparison. In the 2008 crash, real estate and stocks were correlated. It didn’t matter which one you owned, if one of them did badly, the other does too because they are correlated.

Meltdowns are global now, the whole ship goes down together. Non-correlated assets will move up while other assets go down. Currencies, in general, don’t move together when there is a meltdown.

Having all your assets in a single nation can be a bad idea, if one country melts down it will affect others. Hardly anyone expects a crash to happen but they will happen. Diversifying your investments into assets like Bitcoin are not the only way to protect yourself, finding other ways to produce income are important too.

  • Being Prepared

7 out 10 new businesses fail in the first 5 years, you need something unique to help you to compete against the major players. A side hustle is also very viable, keep the costs low, and stay lean. Writing an ebook is a decent option.

If you’re going into the market, find the undervalued assets that have been beaten up for no good reason.

A contrarian attitude is what will make you wealthy over time.

  • Doing The Research

Be your own researcher and do your own due diligence. The first step is to sift through the facts and the opinions. If something sounds like an opinion, it probably is. Watch for the infomercials and go for the articles that have been thoroughly researched.

Avoid money managers at the big bank, be your own advocate and do your own research, you will be better off in the long run.

  • David’s Takeaway

Sometimes the bad advice comes from people with good intentions. Ask yourself if they have access to the best research and actually know what they are talking about. It’s your money, you have to protect it. Warren Buffet said the first rule of money is not doing something dumb to lose all your money. Other people are not going to protect your wealth the way you are. You can do better.

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

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