There’s certainly a lot of news coming out of Britian after the Brexit vote with the fallout affecting the Markets and some currencies in a negative way. The price of Oil is down as well … below $50 US.
This all reminds me of elections and/or Union strikes … a lot of noise with many not really understanding what’s happening and just jumping on the bandwagon. Not getting informed or debating the consequences when voting.
One thing that is going up steady is the price of Gold. Usually the thing when a major currency like the British Pound drops in value instilling some fear. So, if you own Gold or come across some… it was over $1324 on June 27th. It’s that mindset that Gold is a safety net during these turbulant times.
Buying Gold now however is kind of iffy where the Markets will eventually stabilize and climb slowly again. Then I figure Gold will drop back then so there will be a loss ‘if’ your heavy into buying and selling. But there’s no forecasting that … just educated guesses by financial gurus.
Gold usually values in an opposite relation to the price of Oil. Today, Oil has rebounded some and Gold has dropped to $1311 an ounce at the time of this writing
Meanwhile… pensions invested in mutual funds, which is mainly made up of Stocks took a hit as well but like past major or slight crashes, patience is the word and recommended by the major Banks until they rebound instead of selling at a loss.
I’ve have had a few experiences with that where I waited for the rebound and glad I did after debating about selling where no one wants to lose what retirement funds they have.
In the Biz, ACX Monsoon, based on a popular program’s compensation plan that’s been running since 2014, is a new addition and pays 2% per day (1% on the weekends). What’s totally different is the repurchase rule. It applies to the ‘daily earnings’ a member receives that’s cashable and not on the ‘balance’ accumulated.
Kind of confusing but testing it … a member requires enough balance to withdraw the daily allowed ‘cut’ of their ‘daily earnings’.
That encourages mass ‘compounding’ to build up the ‘Daily Earning’ payments. Some Admins will shudder at that word knowing the consquence with a moderate membership base but it’s what smart investors attempt to do and of course … totally encouraged by the major Banks when it comes to savings and/or investing … compound your money over time.