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Welcome, welcome fellow survivors! Strap on your helmets, fasten your seatbelts and get ready for a wild ride because today is the first official day of Wall Street Survivor’s June trading contest featuring, Stocks, Options, AND Cryptocurrency.
Yes, you read that correctly. In this summer’s ultimate combo contest ANYTHING GOES. Mix and match as you please because there truly are no limits to what you can trade, how you can trade it, or how big your returns can get!
This is our first contest ever featuring stocks, options, and cryptos, so help us make it historic by signing up and making your first trade today!
Oh and, in case that isn’t incentive enough, this month our prizes are $500, $250, and $50 in Amazon gift cards for our top three winners.
INVESTING TIP #27-- HOW TO GET FREE STOCK!
Get Up To $1,000 in Free Stock with Robinhood--the
Open a new account and receive one free stock valued at up to $500! Then, once your account is open, get more free stocks (value from $5 to $500) for each friend, family, person you refer!
USE THIS LINK to get started with Robinhood!
(Refer to the above featured image of Jeff Bezos clapping. He likes the sound of that).
The month is gonna fly by, but as always, I’ll be here to help out along the way. So, for the start of the contest, let’s get a picture of the past month in our financial markets.
It’s been a bit of a rocky month for the stock market. Most would point to new steel tariffs, failed meetings with North Korea, and raised international tensions as the cause of clear market uncertainty. BUT, the last few weeks have looked promising. So catch the rising wave while you can, OR short the next crash. Anything goes, remember?
Here’s a snapshot.
Dow Jones Industrial Average (May 11-June 11)
S&P 500 (May 11-June 11)
Yikes! The crypto market definitely hasn’t been able to catch a break this month. But, you can’t keep a good man down right? Well…we’re hoping. A lot of hacks and regulation scares, the typical culprits of rising fear in the crypto market, have made major news stories this past month. But thankfully with our platform, you won’t have to worry about any of that.
Bitcoin (May 11-June 11)
Ethereum (May 11-June 11)
So be bold and fearless because there are limitless stocks to be traded, options to strike, and cryptocurrencies to emerge. The contest ends July 6th so sign up and build your anything goes portfolio today! As always, keep an eye on our blog for more updates and fresh content coming soon.
WALL STREET SURVIVOR'S BEST OF THE BEST LIST
MARCH 23, 2020: URGENT UPDATES TO HELP YOU MAKE MONEY WHEN THE MARKET IS DOWN!
The markets have dropped over 30% since their highs just a few weeks ago because of the Coronavirus, but we are starting to see more signs that this might be a PERFECT BUYING OPPORTUNITY:
#1. HOT Fool Picks in Spite of Crash. Here is why we love the Motley Fool--On Thursday, March 19, 2020 they recommended Zoom Video (Ticker ZM) when it was at $124.
Today, March 23 it closed at $160, that's up 29% in 3 days! But that's not all, they also recommended it October 3, 2019 when it was at $77 so that is up 108% since they picked it back in October, in spite of the market crashing 30%. Other recent picks are TSLA, NFLX and TTD which are all UP since they were picked!
#2. Stock Prices Are Down 30%. This is a good thing! If you are thinking of buying stocks, now's your chance to get quality companies at much more affordable prices. This offers a very attractive entry point, because stocks are ON SALE and you can now buy quality stocks for 30% less than you would have paid for them in February.
#3. More Articles Are Starting To Recommend Buying. As we are nearing the bottom of this drop, we are starting to see more articles like this: BlackRock is suggesting we may be at a "once in a lifetime opportunity", Morgan Stanley says to start buying, and Warren Buffet has a stock pile of cash and rumors are he is starting to buy.
#4. Dollar Cost Averaging Works! Since nobody knows where the bottom will be exactly, smart investors continue to invest a fixed dollar amount in the market each month. This is called Dollar Cost Averaging. That way, when the markets are down you are buying more shares of your favorite stocks at cheaper prices. This helps drive down your average cost and increase your profits when the stock market moves back up.
If you need recommendations for stocks to buy now, keep in mind that the Motley Fool Stock Advisor beat the market by over 30% the last 4 years, and they are currently recommending that NOW IS THE TIME to start buying some of those quality stocks that should make up the foundation of your portfolio. The Motley Fool Stock Advisor service is recommending at least 15 stocks that you should plan on holding for the next 3 to 5 years. So, if you need investing ideas, it is a PERFECT time to consider the best stock newsletter over the last 4 years--The Motley Fool Stock Advisor