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The Coachmen's Turntable  05/17/2021

5/17/2021

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Picture

Greetings!

Picture
Not ready for prime time!
​

​Joan and I were out for our daily walk this week when we met a neighbor in her driveway. She wanted to tell us how her husband had purchased 2 bitcoins last year in February and paid $6,250 each.  "He was certain they had room to grow she proclaimed, today, they are worth $50,000 each!  My husband thinks I should invest in them too.  What do you think?"  

​I told her
, "You should never use Bitcoin and Invest in the same sentence. Speculate - is a much better term.  While your husband is willing to risk losing $12,500, you must ask yourself . . . "am I willing to lose $100,000?"

The term "Bitcoin" brings up bad memories of the stock market rout in 2000. An excellent case presented itself for each of the newly formed tech companies establishing a presence on the internet preparing to sell to the entire world.  Unlimited sales were possible!!!  Their stock prices skyrocketed!

Check out today's Club PUB to get a better understanding of Bitcoins.  You'll probably have to read it twice (which should also bring you to pause)!


Here's this week's lineup.

Turntable  - Top 50's music  . . .  The flipSide - The Beach Boys... 
The  Club PUB - Investing Cryptomania's Uncertainties


That's a wrap!  

Till Next week / be safe & 
I'll see you on the Turntable!
                                                    Harv  
thecoachmensclubhouse.com





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