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Hi there, Profitable Investor Nation!
It’s my favourite day of the week right here at Profitable Investor Every day: Reader Appreciation Day!
That is once we flip the highlight off our ordinary tech developments and onto your emails.
However earlier than I bounce into this week’s e-mail, I wish to acknowledge that I miscredited final week’s suggestions.
It was our buddy Tim, not Dale, who wrote in to say that he’d admire having a totally autonomous automotive quickly — particularly an Apple Automotive. Sorry for the confusion, Tim! You may try the corrected put up right here.
With that, let’s bounce into our RAD mailbag!
Profitable Investor Presents: Reader Appreciation Day
This week, Amber and Ian each requested you hard-hitting questions.
Amber requested: Do you assume oil-rich international locations will ever go electrical? Why or why not?
Right here’s what you needed to say:
(Notice: These responses have been calmly edited for readability and size.)
Massive catastrophe!!! No infrastructure within the U.S. to deal with EV recharging. Unhealthy plan at the moment. Ask Europe who’s now at Russia’s mercy for his or her vitality. The U.S. might be at China’s mercy if [we] proceed the mad inexperienced vitality insurance policies of Wind and Photo voltaic vitality. Fossil fuels are cleaner and higher for our U.S. Financial system and now we have loads of it in our nation. Mining minerals for EV batteries causes extra setting injury than Fossil Fuels.
We’re being misdirected by our authorities. Prepare as a result of we’re headed to make the identical errors that Europe has made.
Get up, America!!! Prepare for loopy excessive vitality costs this winter when in distinction we should always have the most cost effective Vitality on the planet. FOSSIL FUELS. It’s nonetheless not too late. — George
I actually like [Lucid], however discovering out Saudi Arabia is the most important shareholder and goes to construct a manufacturing unit considerations me. The nation is just not precisely a paragon of excellent governance. It’s misogynistic and butchers journalists who advocate for equality and freedom. What a wretched disappointment. — Mark
And on Wednesday, Ian requested: Are you fed up with banks and able to change over to DeFi apps to handle your portfolio, money and financial savings?
You didn’t maintain again!
Ian C. wrote:
Would you actually miss your financial institution? Lol, completely not!
I for one am ready for the day that DeFi utterly sweeps over our monetary system! I can also’t look forward to blockchain to take over our voting course of and industrial inventories and medical information, and many others. Within the identify of deflation and effectivity, this expertise can’t get right here quick sufficient!
Steven writes:
Hello staff, love your work.
I’ve been in crypto for years now, simply investing in cash for the tech. What they stand for and since the banking system has principally failed us.
I believe Ian and others are speaking crypto sense by educating us.
I’m 100% behind the evolution to a fairer system being adopted and have pores and skin within the sport personally.
However I nonetheless don’t actually know the way to use the apps or the tech the place I may entry finance for actual use case situations in my life apart from investing within the development of the coin or the expertise behind it. With the funding potential to become profitable sooner or later off of it versus using it in my life immediately for day after day advantages.
In the event you can clarify that merely with good examples which might be getting used as I’m positive on a regular basis individuals will see the rapid advantages explaining the potential sooner.
This evolution and funding in innovation is so promising. I’m a real believer as this may make the world immediately a fairer and civilized place we will get an opportunity by collaborating in additional transparency with efficiencies extra equally.
Regulate out on our Profitable Investor Every day YouTube Channel as we launch a brand-new Crypto 101 sequence aiming to do precisely what Steven suggests!
And final however not least, Gary writes:
Sure, I might miss my financial institution. I’m one of many Luddites that depends upon money to on account of my enterprise.
I purchase my groceries with it and my gasoline. I exploit my checkbook to pay my payments and my VISA invoice when
I’ve to make use of it. I nonetheless get curiosity on the account and pay no paper charges or month-to-month cost.
At one time I used to be extra into utilizing bank cards, however after having to vary my Kohl’s twice and
now the VISA 4 instances on account of them being hacked by numerous strategies, I’ve restricted myself to
VISA and PayPal once I can use it. Oh my automotive is a 2010 Hyundai Sonata with 30,000 miles on it
and no dashboard show taking on 1/4 of the sprint as an consideration diverter.
I do imagine like Charles does {that a} monetary merchandise ought to have one thing tangible about it. So
I do have gold, silver and platinum.
Thanks, Gary. In the event you’re involved in other ways to retailer your wealth, be certain to comply with Profitable Investor Every day on social media (particularly Fb and YouTube!) for particulars on a particular occasion Ian is holding on Thursday, October 13. Keep tuned!
To make amends for this week’s Profitable concepts, simply click on on the hyperlinks under!
This Week’s Profitable Investor Concepts
Why Ethereum May Substitute the U.S. Greenback — Ian reveals why the central banks of the world may lose their energy, and why Ethereum (ETH) may substitute the U.S. greenback by 2030.
Tesla’s Robotic Future & the Key to Investing in Bear Markets — Ian and Amber give three indicators they’re looking forward to an finish to the bear, and chat about Tesla’s newest enterprise in AI.
1 EV Startup Main the Gold Rush — This yr’s gasoline costs instructed us electrical autos are right here to remain. Lucid Motors, an EV startup, is gearing as much as be the subsequent Tesla!
DeFi vs. Conventional Banks: Why Crypto Wins — DeFi versus conventional banks is a long-standing battle. Ian breaks down why DeFi cryptos and blockchain will beat out conventional banks!
What Is Robotics Course of Automation? (Plus 3 RPA Shares for 2023) — What’s robotics course of automation (RPA)? Amber reveals all the things right here, in addition to 3 RPA shares you possibly can put money into for 2023!
Greatest needs,
Tiffany D’Abate
Senior Managing Editor, Banyan Hill Publishing
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