I think that Ethereum will succeed, but here are some warning signs that may undermine its success.Courtesy of Pexels.comEthereum is the darling of the crypto world.Decentralized, massive adoption and with many use cases, it is the coin that every other cryptocurrency aspires to be.With the Merge just around the corner, the network will gain one more advantage.Switching to a proof-of-stake (POS) protocol has been in the works for years. Currently, Ethereum runs on a proof-of-work (POW) protocol which is massively energy inefficient.At the same time, it allows anyone with enough ETH staked to gain rewards for sustaining the network. This is unlike the current POW model that only rewards miners.Hard ForkAs we edge closer to the Merge, Ethereum's price steadily increases. This is not surprisi

In this article, I used ChatGPT to get some advice on how I can manage my finances.Photo by Maximalfocus on UnsplashWhen I became a parent about ten months ago, I had to reduce the hours I spent in my side hustle drastically.Working extra hours on the weekend no longer became an option. It was an uphill battle in trying to make significant lifestyle changes while, at the same time, maintaining a tight budget.As a result, I lost a significant portion of my income. Not only that, the cost of raising children is steadily increasing. With all of that combined, it was a massive blow to my finances.Thus, having a checklist of financial tips could help.I will be sharing with you tips from ChatGPT and inserting my comments between paragraphs:Establish a budget:Create a monthly or yearly budget tha

As crypto crumbles in light of a possible FTX implosion, stocks rallied yesterday after new CPI data suggests that inflation is on a downtrend.Courtesy of Pexels.comThe S&P 500 index closed 5.54% higher than the day before, going against the grain of many other markets.This showed renewed confidence in the stock market and that inflation will likely cool in time to come.According to the CPI data, CPI is up 7.7% YTD, down from 8.2% in September.https://www.bloomberg.com/news/articles/2022-11-10/us-core-cpi-slows-more-than-forecast-gives-fed-downshift-roomThis is good news for the markets as it shows that economic tools used by the Federal Reserve are probably working.Wall Street ends lower after midterm election, CPI in focus The S&P 500 declined 2.08 per cent to end the sessio

Bitcoin and the US dollar are two different currencies with unique characteristics. Learn about the differences between Bitcoin and the US dollar, how they impact their values, and which may be better for your needs.Courtesy of Pexels.comBitcoin and the US dollar are two very different types of currency with unique characteristics that impact their values.In this article, we will explore the key differences between Bitcoin and the US dollar and how these factors affect their respective values.One of the most significant differences is centralization.Bitcoin is a decentralized currency, meaning that any central authority or government does not control it. On the other hand, the US dollar is centralized, with the Federal Reserve controlling its supply and distribution.This is why t

Jerome Powell just announced another round of rate hike increases to quell inflation.Courtesy of Pexels.comInflation has reached a record high decades after months of ‘quantitative easing’ to rescue the economy during the COVID-19 pandemic.Therefore, in the Fed’s attempt to cool down inflation, there will be another round of 75 basis points of rate hikes at a time when people are starting to expect a pivot in economic policies.As expected, stocks slid upon the announcement ending the day at 2.5% lower.Powell has stated that the goal of the Fed is to meet the 2% inflation target. But, unfortunately, that is a far cry from the current inflation rate of 8.2%. Thus, he suggested that the rate hikes may continue for a while.Consumers continue to sufferInflation has wreaked havoc not only in the

Many tech founders have fallen from their lofty positions in billionaire’s Valhalla.Credits: Business InsiderOnce held in high regard, tech companies are facing the brunt of the impact of interest rate hikes and a waning interest in the sector plagued by mismanagement and scandals.Meta will be laying off 11,000 jobs, one of the highest layoffs in this quarter alone. At the same time, Twitter has laid off about 50% of their workforce after Elon Musk’s takeover. This was in a bid to reduce costs and an attempt to streamline the business.What could be the reason for this decline?Many tech companies depend on a consistent flow of money from advertisers. However, advertisers have been cutting back with rising interest rates and reduced consumer spending. This affected a huge chunk of revenue.Fu

Investing can seem boring and intimidating, but it’s essential for building wealth and avoiding a future in your parents' basement. Here are five hilarious reasons why you need to start investing today.Photo by Arseny Togulev on UnsplashInvesting can seem like a dry and intimidating topic, but it's essential for building wealth and avoiding a future of living in your parents' basement.Here are five hilarious reasons why you need to start investing today.So you can retire before your robot coworker takes your job.Let's face it: robots are taking over the world, and they don't need retirement accounts. If you want to retire before your robot coworker takes your job, you need to start investing today.So you can afford to buy avocado toast AND a house.Millennials get a lot of flak for their lo

On the list of failures, cryptocurrency has failed to fulfil its purpose of being a store of value.Courtesy of Pexels.comThus, when the charts began to trend upwards as of Friday, I began to wonder, what could be the trigger for such a rally?Is it another bear market rally?Or has the Queen’s passing got to do with it?That couldn’t be. (RIP Queen Elizabeth).In this recent rally, the granddaddy of cryptocurrency, Bitcoin, can clinch above the $20,000 psychological mark.Weakening US DollarAccording to CNBC, the weakening of the U.S. dollar sparked the rally. The Dollar Currency Index reached 110.7 before weakening throughout the rest of the week.Bitcoin Breaks Past $21,000, Inspiring Market-Wide RallyBitcoin has broken $21,000 after sitting below $20,000 earlier this week. The surge has helpe

The world of investing is constantly evolving, driven by technological advancements, market changes, and investor preferences.Photo by Giu Vicente on UnsplashIn this article, we'll explore some of the key trends that are shaping the future of investing and how investors can prepare for what lies ahead.Digitalization of Investing:The rise of digitalization is transforming the investment landscape. Robo-advisors, for example, are algorithm-driven platforms that use computer algorithms to create and manage investment portfolios. These platforms offer lower fees, greater convenience, and access to more sophisticated investment strategies.Robo-advisors are becoming more rampant now though whether it is worth it, is still up to debate. There are of course great robo-advisor algorithms out there,

Are you looking for a reliable investment option to grow your wealth over the long-term?Photo by Amos Bar-Zeev on UnsplashThe S&P 500 is a popular choice for many investors due to its stability, growth potential, and low costs.In this article, we'll explore why investing in the S&P 500 is the best option for long-term investors.Diversification:The S&P 500 is a diverse index that represents the performance of 500 large US companies across multiple industries and sectors. By investing in the S&P 500, you can diversify your portfolio and reduce your overall risk.This means that by buying a share, you are spreading that money into 500 different companies, each with a different percentage by weight.Long-Term Performance:With an average annual return of 10% over the past 90

Palantir is not new to risky behaviour. Since the company went public in September 2020, it has seen a considerable rise and a disastrous fall in its stock price.The company opened with a price of $10, but that was short-lived as the company rode the hype train and began trading upwards of $35!It was a ridiculous run, fueled by the fear of missing out (FOMO) and hype.Two years later, we are seeing a similar rally or is it?PLTR as of May 2023Artificial intelligence (AI) might be another buzzword companies use to angle their products as futuristic and having some potential.Take, for example, Meta, which has angled its whole business into developing the metaverse despite a product that has proved helpful for people. Like Web 3.0 and the metaverse, AI might soon be the next big hype.However, A

Based on analysis, a bull market is when the financial market is up 20% or more. As of June 2023, the S&P500 is up 20% from its low in October, and many are starting to rally behind it.However, many investors wonder whether this is a great time to buy, sell or hold.First, we need to ascertain what kind of investor we are.I am a long-term investor. This means I buy a company’s stock with sound business practices and dollar-cost average over the years. I invest in the company because I believe it will do great in the long run.However, some investors are in it for the short term. These people are traders, and they buy and sell stocks based on technical analysis to make a profit.So once you have found out what kind of investor you are, let's see what we can do in this bull market:Increasin

Unsurprisingly, actively investing is exhausting.Courtesy of Pexels.comThe Market is like a foolish little child constantly trying to one-up the adult despite the latter's advice. The Market would push this way and that regardless of the dangers that lurk behind.Trying to predict its movements is nearly impossible, with every sway of the ticker fuelled by countless factors leading to countless possibilities.And yet, we have pundits, gurus and analysts that try to predict it daily.Of course, these analysts are backed up by an immense amount of data, and they should be able to predict the future. And in fact, most of them generally predict the right direction.But what about us?Lacking resources and expertise, many of us laymen are merely economic enthusiasts, not nearly close to becoming eco