One of the perks of my job is that I get to speak directly to really clever people about investing on behalf of the BizNews community. Today’s special treat was interviewing Dr Richard Smith, chairman and CEO of the Foundation for the Study of Cycles – a US not-for-profit dedicated to developing a better understanding of cycles and how they can be used for the betterment of all mankind. Dr Smith is also a mathematician and entrepreneur who has researched and developed algorithms and services that provide investor tools.
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Dr Smith allowed me to pick his brain on US stocks and cryptocurrencies for clues on whether it is time to buy, sell or hold companies like Amazon and Apple – which just reported healthy profits – and recently listed cryptocurrency business Coinbase, which has ticked down since its IPO earlier this month. The US markets are still looking very hot was his message of S&P 500 stocks, though extra fuel added to the US economy could extend their run.
With blockchain leading to a seismic shift in the digital economy, cryptocurrencies can’t be ignored either. But it’s a long-term game. Dr Smith feels like he has been here before: In 2000, before the Dotcom bubble burst.
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If you are toying with the idea of snapping up some Coinbase shares, be prepared to watch your stock tank before it takes off – just like Amazon did two decades ago, he says. You can listen to the full BizNews interview with Dr Smith on BizNews Radio and all the major podcast channels [or access them here, via Iono, https://iono.fm/c/4829.
PS: For an easy way to cut your tax bill and invest in South African opportunities with the potential to deliver superior returns, watch the BizNews webinar on 12J venture capital companies on the BizNewsTV YouTube channel. The tax benefit runs out by the end of June.
For your listening and viewing pleasure
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