Bryan Courchesne
Bio
I talk about cryptocurrencies and macro investments. Nominated for the OCBJ 2022 Innovator Of The Year Award | Founder of DAIM. www.DAIM.io www.Linktr.ee/bryancourchesne
Stories (3/0)
Where Should Your Money Go?
1. Forecast - March was an eventful 31 days, to say the least. From bank runs to Bitcoin's run-up in price, the month delivered its share of surprises. While the liquidity in the system seems to be improving we are staying cautiously optimistic. The government, in the interest of "investor protection", wants to make it harder for people to buy Bitcoin. The CFTC is going after CZ. And the rash of banking failures seems to be pushing investors into money markets. Despite all of these headwinds, Bitcoin ripped higher in March ending the month up 20%. We think the opportunity to buy low is narrowing.
By Bryan Courchesneabout a year ago in Trader
Don't Miss This Deadline
1. The deadline for 2022 IRA contributions is fast approaching. If you haven’t made a 2022 IRA contribution, you have until tax filing day which falls on Tuesday April 18th of this year. The limit for 2022 is $6,000 (it rises to $6,500 for 2023). If you have made a 2022 contribution, great! If you haven’t, don’t let the opportunity slip away. Given the rising cost of living you may think that $6,000 is a trivial amount that won’t make a difference in retirement. But you’d be mistaken. Making steady contributions to an IRA can add more than a million dollars to your retirement nest egg if you start early and are diligent about making annual contributions. For example if you have 35 years to retirement and contributed $6,000 per year, you would need to earn an average of 7.5% on your investments every year to hit that million dollar goal. That return assumption may seem high to traditional investors, but is something that digital asset investors have come to expect. And we don’t think it is absurd to expect those returns over a long time horizon.
By Bryan Courchesneabout a year ago in Trader
Investment Thoughts 2.14.2023
The latest CPI report is here! The latest CPI (Consumer Price Index) report released today shows a 0.5% increase in prices for the month of January, indicating a significant rise in the cost of consumer goods. This news comes as a surprise to many experts, who were expecting a smaller increase in prices due to the ongoing pandemic and economic uncertainty. The price movement of Bitcoin, a popular cryptocurrency, has also been volatile in recent weeks, as the value of the digital asset has been on the rise. But will it continue.
By Bryan Courchesneabout a year ago in Trader
