investrly 10.0
Invest early in BlockFi and join Public
Weekly Recap: Understanding a Correction
Back to Basics with BlockFi
Quality Weekly Articles 📰
Tweets of the Week
Our Partnership with Public.com - Everyone’s an Investor
Clubhouse Collaboration: Friday SPAC chat with Bill SPACman
Join us Monday, March 15th at 5PM PT/8PM ET for the investrly zoom call and have your questions answered live!
Weekly Recap
Due to fear of potential inflation, the 10 year treasury yield continued it’s steep rise and drove the tech-heavy Nasdaq down. However, on Friday, a strong jobs report curtailed the stock market sell-off. Also, the U.S. Senate passed a $1.9 trillion stimulus plan meaning many Americans will be receiving a new round of money in the near future.
Understanding a Correction
In financial markets, a correction is a decline of 10% or more in the price of a security from it’s most recent peak. Corrections can happen to individual assets, like a stock or bond, or to an index measuring a group of assets.
These past two weeks brought a correction to the Nasdaq. As an investor, it’s important to understand corrections in the market are inevitable and timing them is nearly impossible. Invest early and have confidence in your long-term investing goals.
Investing Basics: What Is A Market Correction? - Forbes
High Interest Savings 2.0 💰 BlockFi
A simple yet effective starting point to investing early and securing your financial future is to improve your passive income. Banks offer a “high interest savings account” with .4%. This doesn't even keep up with inflation and, in simple terms, means your money is becoming less valuable. Enter BlockFi, the “future of finance,” a centralized lending platform which pays you 8.6% interest on your U.S. dollar.
Join today and start earning now. Connect your bank account and transfer money for free via ACH to begin the process. BlockFi pays you interest at the end of each month.
We’ve been sharing this opportunity since last Summer (see image of real returns). During this time, BlockFi has grown significantly. It will become a public company this year and they partnered with Visa to launch the world’s first Bitcoin rewards credit card. We’re definitely bullish on BlockFi.
How BlockFi Handles Risk and Security - BlockFi
BlockFi clients earn record interest payments in February - Cointelegraph
Crypto-Focused Articles We Enjoyed
Mike Novogratz says banks piling into Bitcoin could send it to $500K - Markets Insider
BlockFi, Celsius, Nexo: What is The Best Crypto Savings Account? - Decrypt
22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months - Markets Insider
Tweets of the Week
investrly + Public.com 💜
We’re proud of our continued partnership with Public.com, a social brokerage platform we’ve personally been using and enjoying for the past several weeks!
Public put a social layer on the stock market, so you can own the companies you believe in and share ideas with a community of investors. Think of Public like Venmo meets Twitter. You can even follow investrly and join the chat group.
Public offers:
Free mobile app, no account minimums, and $0 commissions on standard trades
Ability to join chat groups with friends; we even host one you can join
Long-term focus: 74% of the community are primarily long-term investors, and the company doesn't encourage day-trading
PFOF-free: They recently decided to stop earning revenue from Payment For Order Flow and instead route your trades directly to the exchanges.
investrly community members can start with $10 in free stock!
Clubhouse Collaboration with subSPAC
Clubhouse is all the rage and we’ve teamed up with Bill SPACman and SPAC Guru. Join us this Friday after market close at 1:20 PT/4:20 ET as we chat with industry insider of electric revolutions in aerospace, Brian Garrett-Glaser.
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investrly is written by Michael Rippe and edited by Danny Bopp with design elements from Peak Creative Design. Have a suggestion, comment, or question? Share it with us! Share this newsletter with a friend so they too can invest early. See ya next week.