Ask Doc I couldn't believe it when she told me...
Lately, folks around the office have been talking a lot about blockchain. And you've been reading about it this week right here. This topic has been popular for years, but I think things have gone too far.
My health and wellness researcher, Misha, told me that she's teaching her newborn daughter about blockchain. A friend gave Misha a book called Blockchain for Babies. The book uses simple terms and images (think stick figures and puzzle pieces) to explain the basics of blockchain.
It's clear that blockchain is already taking over our lives if parents want to teach it to their infants.
Of course, if you're thinking of investing in the blockchain space, you need to have a slightly better understanding than a book meant for young children can give you.
Of course, when most people think of blockchain, they think of cryptocurrencies...
Our publisher, Stansberry Research, is fortunate to have its very own expert in the blockchain and cryptocurrency spaces – Eric Wade.
Eric knows all the biggest players in the industry, and he understands the scientific technicalities in a way that only angel investors, computer programmers, and software engineers know about.
On Wednesday night, Eric hosted the Crypto Cash Summit where he detailed a new technology that he says will create one of the biggest disruptions in the history of finance. And it isn't the big crypto names like bitcoin or Ethereum. It's an even bigger opportunity.
During the summit, Eric also shared...
- How this is the biggest prediction of his entire career...
- Why the far-reaching crypto opportunity he's looking at today will change the way you live...
- How to set yourself up to profit as it all happens...
- And what's going on with bitcoin right now.
If you missed Wednesday's event, you can still catch up on all the details right here.
Q: I understand your recommendation to buy stocks using a limit. I haven't read anything about how best to enter a sell order. Is it better to use a limit, a market order, or does it depend on the circumstances of your sell decision? – M.K.
A: A market order will fill your order essentially immediately at any price. Using one is like telling your broker, "Sell this stock for whatever price you can."
A limit order sets the minimum price you are willing to sell your shares for. Your order will sit unfilled until your broker can get that price or more, unless you cancel it or set it to expire automatically. It's like telling your broker, "Sell this stock, but only if you can sell it for $10 or more" (or whatever price you specify).
We typically recommend using a limit order instead of a market order, whether you're buying or selling. With a market order, you'll have to settle for the current market price without knowing what that price will be once the order gets executed. A limit order is about getting the price you want. And we never want to accept a price we're not comfortable with.
Now, if you have a specific reason you need to sell your shares immediately, a market order can be useful. But when you buy a stock, always know under what circumstances you would sell it. That way, you won't be at the mercy of the market.
By the way, we've said this before, but it's important enough to repeat...
Most brokers give you the option to enter your stops "into the market." Don't fall for it!
We advise you to never reveal your stop loss to your broker or anyone else.
Entering your stop price into the market might seem easy, but it leaves you vulnerable. Investors or brokers who see your stop might be tempted to move the share price to push you out of the position. So never enter your stops into your brokerage account as part of your order.
We recommend you keep track of stop losses yourself. I've been known to track my stops in a spreadsheet or with a notebook. But if you want a more automated way of tracking stops, you can use our corporate affiliate, TradeStops. Once a stock triggers your stop loss, then you're ready to place the order to sell your shares.
Real Inflation and How You Can Protect Your Retirement
Earlier this week, I joined the American Consequences Podcast with Trish Regan to talk one of the great risks to nest egg's today… inflation.
Trish and I talked about:
- The U.S. dollar's lack of purchasing power…
- How much you should have in gold…
- Why the traditional asset allocation model doesn't work anymore…
And much, much more.
If you haven't listen yet, click here to catch our full discussion now.
Q: I just got over a common cold that lasted approximately 10 days and still have a lingering dry cough. Do you have a suggestion to help get rid of the lingering cough that I still have? – F.W.
A: Hey, F.W. Sorry to hear that you're experiencing this persistent cough. Hopefully I can offer you a few suggestions on how to get that all cleared up...
Gargling with warm salt water for 30 seconds is a good way to help heal the inflamed tissue in your throat. Use a half teaspoon of salt in an 8-ounce glass of water.
Keep your throat hydrated with warm, soothing liquids like soup and tea. Also, adding some honey and lemon to your tea will help break down any mucus, soothe inflammation, and give you a little vitamin C boost.
If your cough persists longer than three weeks, however, I'd suggest getting it looked at by your doctor. Hope this helps!
Q: Hey Doc... I love reading all your articles, but the Health & Wealth Bulletin is my favorite! Why? Well, it touches on subjects you won't find anywhere else, making it a real treasure trove. "Toning your vagus nerve," not one in a thousand will know what you're talking about. But now I do and I'm quite sure I – and my lover! – will benefit from it.
After reading the article, I ordered James Nestor's book, Breath. No doubt a very good purchase. Thank you for sharing your knowledge and wisdom. Warm regards. – H.vdW.
A: Thank you so much for your kind words! Readers like you are the reason we write Health & Wealth Bulletin. I've got a great team of folks who work hard every day finding unique ways to improve your health and wealth... Things you're not likely going to read anywhere else.
But we can't take all the credit. We've said before that our best resource is you... the reader. So, dear readers, please let us know what you want to read about next. Send your ideas to [email protected].
What We're Reading...
- Did you miss it? Don't forget to tone your vagus nerve.
- Something different: Here's why wildfires on the West Coast are lowering air quality on the East Coast.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
July 23, 2021