with Alphanumeric strings attached
Madam X fondles a fifty while early spring sunshine streams through our studio windows. We surreptitiously toss the occasional glance in her direction.
Her bright coral nails gleam as she flicks her thumb against her finger and watches a gold coin pivot and twirl…We can almost see it… Of course… it’s virtual.
“Bet it’s a Bitcoin” we whisper in unison. A Bitcoin sells at $24,000.00 a pop.
Naturally, we know Bitcoin is only a digital asset that looks like numerous lines of codes. The codes contain multiple conditional statements. A Bitcoin wallet is an alphanumeric string – so there!
Blockchain, the system that begets Bitcoin, requires a shocking energy use, really bad for the planet. Too Bad!
BANKS
Banks have long been one of the anchors in our various portfolios and totally ignorable for years as they loll about like bonds. In fact we regard them as similar but better than bonds. They yield delightful dividends. Lately, however, banks have stirred and begun charting charming upward diagonals. Bank of Montreal for instance has almost doubled this year. (Always buy the Big Bank that is doing the worst).
FINTECHS
Goeasy, a fintech, has more than tripled this year to around $125/share; yes, now in the realm of Big Bank prices and it even offers a decent dividend. Goeasy’s specialty is loans and leasing –furniture, houses, etc.
MOGO, a virtual fintech, now bouncing around $10/share, offers digital solutions for consumer’s financial health, with free monthly credit scores and personal loans. Just sign up, get a $5 bonus and start buying fractions of Bitcoin instead of air-miles! Mogo’s MogoCrypto, owns 20% of Coinsquare, a trading platform to trade digital assets such as Bitcoin, Ethereum & Litecoin.
Madam X adores hearing financial scuttlebutt, amusing call symbols, and hot stock suggestions. For disclosure purposes, we, or Madam X probably own a few of the above mentioned stocks, or not. Go ahead; ignore her thoughts, insights and admonitions. She is utterly unqualified to be dispensing such observations. To be succinct; you must do your own research.