Bye Bye Blockfi

Pictured above was what I saw in BlockFi account a few days ago. They crypto loaning finance company has been destroyed by the SBF - FTX contagion. I knew something was a bit weird with this company months ago.

I had about $800 cash in fiat and over $1200 in USDC on theat service earning some really good interest. I now have less than $5 sitting here doing nothing. I could care less what happens to the remaining pennies in that account.

And yes, I havr removed the application from my paid off LG V60 phone.

I now only buy USDC for the exchanges for my long term savings in the $HIVE blockchain. Where the WEB3 environment pays in $HIVE tokens for doing all kinds of gaming and social media actions.

Latest Economy Trials From Jeremiah Babe

We have to get a handle on our finances while we have the ability to. More of us have been chasing all kinds of stocks and cryptocurrency schemes over the last several years. Preparing is important to only dollar cost average in a market like today.

There is nothing worse or even better for an investor than to learn from early mistakes. I've been invested in and out on somewhat spammy crypto scheme like BITCONNECT.

I learned and now I spend most of my easily gained fiat currency into the HIVE blockchain where I can do social networking and sharing of content with others worldwide.

Get involved with HIVE at this link here and I will add some HIVE tokens to get you started in making rewards for your social media actions.

Current Market Forces and Forecast For Small Investors.

Fidelity Investments is the brokerage that I use now. I came across using Fidelity's brokerage services because of all the Wall Street shenanigans I endures from places like Robin hood and WeBull in 2021. I learned a good lesson from these two latter brokerage services. I will get into this lesson learned in a different post. 

This week's investment info is centered around the current state of recession and inflation that we find ourselves enduring.

When it comes to inflation, the past couple of decades have been unusually tame relative to the rest of modern history. In fact, from 2000 through 2020, inflation averaged about 2.1% a year, as measured by the US Consumer Price Index (CPI). Interest rates repeatedly hit record-setting lows over that time as well. Those were likely some great times for investors—and for borrowers—but it was an aberration historically speaking. That may help explain why today's 8.2% inflation rate feels so painful.

Even with the willful disparities of the Biden administration. We small investors need to keep on the lookout for equities that.may be on sale in this down market.