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Invest, Trade or Create? What Gives You the Greatest Return?

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I’ve done both professionally for more than ten years.

My story

One of my first endeavors included selling cookies and toys on a stand outside my mom’s apartment when I was 10. When I joined the school band at the age of 8, I played the clarinet outside the local store to raise money (I brought with me a friend that played trumpet). At the age of 15, I started a clothing line called LJ (Limitless Juggernaut) which was sold in a local store in Tønsberg (a small town in Norway). When I was 18, I started a phone company in Norway selling imported phones from China. I made some big bucks at that time (2000 USD a month) while I went to high school in 2008. When I was 19, I joined BI Business School (just like a US business college), and started on a bachelor degree in Entrepreneurship and Business. At that time I founded MyGoodAct.com which I ran for more than five years. It raised more than 1.5 million USD to social causes worldwide (but failed in the end due to low operational cash flow).

As I’ve previously written, I started CCN.LA in 2013, that’s the time I entered the bitcoin market. I made some big bucks on that as well, and withdrew it all (I took the profit). I would have had a lot more money if I didn’t sell all the bitcoins, but at least I was able to sleep well at night after I had secured some profits.

And then I’ve earned some and lost some making different margin investments with CFD (which I do not recommend anyone to start with).

What I’ve learned

There is one clear answer to whether you should invest your money, or use them to create a small business:

Focus on creating. Don’t let trading nor investing become your entire life. If you fail at trading or investing, you won’t have anything left.

What I mean: If your only job is investing or trading, you take the highest risk of us all. If you lose your money, you won’t have anything else to do. You could try to apply for a job – but you will not have an attractive CV. You won’t have any specialized knowledge, except the knowledge of how to lose your money in the markets. I wouldn’t want to be in that position. And be honest with yourself: Do you really want to spend your entire life watching numbers go up and down? Is that your life’s purpose?

Focus on creating

It gives you much more to create rather than trade. You will inspire friends and family; you will become a role model for other people. When you focus on creating a new solution, a new business, a new service, you immediately start to acquire new knowledge. Knowledge that you can use in other ventures if your first venture fails.

And when you succeed with a business, you will be so high on “adrenaline” because your entire life situation will change. Maybe you can leave your regular job to focus entirely on your new startup. Maybe you can hire employees to help you on your new entrepreneurial journey?

Make investing your second priority

I’m not saying you shouldn’t invest your money, money that you earn from other ventures. I’m just saying that you should focus on creating a more fixed or stable cash flow. And only invest money that you don’t need, money that can be lost. If you got enough money flowing from your venture, then there’s no reason that you shouldn’t invest some of that money. But always keep your ventures your first priority, and your investments your second.

Exactly what I do

I’m focusing on creating. Create new businesses, new services. Nothing is more important than to increase your cash flow on a monthly basis. Investments and trading are fun, but you can lose as much as you earn. It isn’t stable enough. To reach my goal of $1 000 000 I’m primarily focusing on increasing my yearly revenue, so should you.

What’s positive with creating?

  • You create a more stable monthly cash flow
  • You won’t lose money (as you can control expenses)
  • You will gain knowledge and become attractive in the job market (entrepreneurs are HOT these days)
  • You will get new ideas for other ventures
  • You will inspire and help other people to do the same, start a small business and become financially independent

What do you think? Do you already have a business? Are you only focusing on investing?

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




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7 Comments

7 Comments

  1. Jeanbro

    May 22, 2017 at 1:47 pm

    Great article, thanks for sharing your journey with us.

  2. johnathankelly

    June 4, 2017 at 8:22 pm

    Jonas, when you get a chance, read Robert Kiyosaki’s book, “The Cash Flow Quadrant”. He talks about this very subject and explains why the investor is the best. Employee is worst; self-employed just a little better; business owner better; investor is best. The reason is that as an investor, I can invest in you, the business owner, without the hard work and time spent. I can then invest in multiple business and spread my risk around. As time goes on, I get better at determining which businesses to invest in.

    Also, most of us do not want to work that hard. I can travel the world, have fun, meet great people, invest in them, and make a fortune doing all of that. As I meet others like me, they share their wisdom and I make even more.

  3. FirewoodTime

    June 6, 2017 at 1:31 am

    I like working my business and having trades going on the side. I don’t use much leverage compared to what I could use. My method is “small bites.” I keep gaining with this attitude and patience. I notice looking at trades too much, creates a desire to make something happen….I’m headed towards the “investor” quadrant…My friend has several businesses going….It’s unreal what he is accomplishing. He’s earning close to a million a month from one of them. Thanks for the nice article. I have read 2 by you telling about having an income stream on the side instead of making money just trading….Trading is kind of boring. But an hour or so a day studying, planning, acting, isn’t bad.

  4. Dji127

    July 20, 2017 at 9:58 am

    I have found this very helpful. I have been very focused lately on becoming a consistently profitable trader but am finding it very difficult and have to keep adding funds to continue trading and practising.

    After your comments I may put trading to the side (or spend less time on it) and focus more on developing a small business, I have been on the hunt for some time for some ideas for an online store but cannot seem to put my finger on a good one. Where have you drawn inspiration/ideas from in the past Jonas?

    Thanks for the article

    • Jonas Borchgrevink

      July 20, 2017 at 10:43 am

      Hello,

      Thank you for the feedback. I’m glad I can help to change your mindset some. I draw ideas from people, from speeches (TED Talk), from other videos (Youtube), from articles (World Economic Forum reports e.g.), from friends and family. However, I created CCN.LA just because I was really interested in Bitcoin. I didn’t thing I would make money on it. And I created Hacked.com to share my experiences, not to make a lot of money. The ventures that I’ve started to make a lot of money, have ended up failing. I guess you need to have passion about what you start in order to make it a success. If you start a business just to earn money, even though it sounds strange, that might end up losing you money instead. That’s been my experience. The last thing you would expect make you money, might end up doing exactly that.

  5. Dji127

    July 20, 2017 at 11:11 am

    Ok, Thank you for the advice. I will see what I can come up with.

  6. l_xiv92

    November 29, 2017 at 7:13 pm

    I used to have a ecommerce business… at 21 I was making about 5k USD per month. I quit it for many reasons of inefficiencies in the customs mexican system. Tried to started a green business but it didnt well as I expected http://www.hogarverde.com.mx (tried to do something like Elon Musk with Solar City but instead of solar panels that ROI is 5 years minimum i tried to do it with solar heaters that the ROI is 2 years or less) but now I just know about cryptocurrencies, it’s the next big revolution. Skype made low cost the calling. Netflix made bankrupt to Blockbuster. Digital photography to Kodak. Cryptocurrencies will make the same to actual systems of payments, banks and even will make weaker currencies like dollar. I wanna go all – in with this technology. I think mining is a little bit more stable than trading, I expect price will go down, but in long term, in 7 years I hope I will see good profits.

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Trans-Fee Mining: Investigating FCOIN and The Future

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Trans-fee mining’ is a concept utilised by a growing number of projects and exchanges which has not received much in the way of critical attention recently from either mainstream financial or specialist cryptocurrency publications.

The Fall of F-Coin?

Thanks to a company called FCOIN, most of the news which has appeared has been negative. Statistical information regarding the exchange can be found at popular aggregate ranking website CoinMarketCap.

Despite positive coverage earlier this year from the likes of Forbes’ Andrew Rossow, David Hundeyin of our sister site CCN.com wrote more recently that the exchange had been “Accused of Crippling Ethereum Network for Cheap Publicity” with a supposed aim of gaining publicity.

These pundits are joined by community members such as Reddit poster u/ltcisking (along with a large amount of other concurring, Google-topping results), who recently wrote a post aimed at proving such allegations, entitled ‘One of the biggest scams to ever hit Crypto’.

Twitter has also seen its fair share of investor complaints as well, including the following…

As well as the replies to this post,

What is Trans-Fee Mining?

Due to the unusual circumstances in which the ‘trans-fee mining’ sits (being supported by a number of independent projects despite the reputation of FCOIN): it is a difficult methodology to describe.

It builds upon the concept of the ‘exchange token’: which is most often associated with coins such as BNB (Binance Coin), which can be used for staking towards a particular crypto in the exchanges ‘community coin of the month’ program.

The original FCOIN implementation appeared to build upon this vision at first. The token’s value is derived from the fact that it has a stable value, and that it can be used on-platform (like BNB) as a means of purchasing other tokens whilst offering regular returns on investment for long-term holders of the token.

What is FCOIN Doing Now?

FCOIN has issued various statements which appear to support the sentiment behind the claims which they have faced. These include a recent August 14th post, with the telling title ‘FCoin community referendum end and recent plan publicity’.

Highlights of the piece include new objectives such as

“1.Complete and publicize the destruction of the remaining unissued FT.
“2. Complete the delivery of all FT warrants and withdraw the FT warrants from the market…
“4. As of the end of the referendum, the previous trans-fee refund will remain unchanged (based on the price of the FT related trading pairs before the suspension), and then, all the trans-fee refund will be stopped (including all return plans based on FT issuance).
“5. We plan to establish an FCoin mechanism and an announcement cleanup team. The team untied and improved the current FCoin mechanisms and standardized the release of various mechanisms in the future, and made a unified interpretation.”

At best, this may be an admission of fault, and at worst: an ambiguous and uninformative piece of messaging which fails to outline the situation with a strong brand or executive voice.

This comes in addition to a couple of announcements regarding ‘compensation planning’ with regards to investors who had “participated” in the fundraising of the ‘GU’ and ‘QOS’ tokens through their service.

The latter included the assurance that this process “compensation plan is an initiative taken by the platform to protect the interests of community user” concluded with the damning statement that:

“The FCoin platform has informed the QOS project parties and urged them to conduct self-examination of market price fluctuations and recent media reports as soon as possible. It is not excluded to take delisting and other related measures. The specific plan will be subject to the subsequent announcement. During this period, QOS will be temporarily suspended.”

Torch-bearers of Trans-Fee Mining?

Various claims of discrepancy against FCOIN’s actions as a company however, have not discouraged many projects which are attempting to build their own version of trans-fee mining. Whether or not they have been inspired by the short-lived success of FCOIN’s implementation is yet to be confirmed!

One of the most recent organisations which has decided to foray into this difficult and all-but-controversial territory is BitMart, an exchange founded by current CEO Sheldon Xia. Their approach is branded ‘Mission X’, and utilises their proprietary ‘BMX’ token.

“All transaction fees from the BMX market will go directly to the users who supported the project. In addition, successful projects will enter BitMart’s main trading markets.

“This program gives users the ability to decide which projects they want to be listed on the exchange, creating a self-regulated market.”

The platform piqued this writer’s attention upon noticing a disparity between public consensus and professional news coverage. Whilst the latter has published next to nothing with regards to the platform, a quick search of social media and communities such as forums seem to illustrate a positive and transparent image.

CoinEx was recently reported to have achieved unprecedented growth following the release of their token – however, like FCOIN have been called out for discrepancies. This time regarding the faking of volume metrics.

Final Thoughts

It appears that trans-fee mining as a concept is a long-way from earning this writer’s confidence, however it must be noted that there are many promising aspects. Time will tell whether talent will shine through or if trans-fee mining will fade out at the hands of opportunists.

What is important to note is that it is not the technology or idea, but the hands that are operating the machine incorporating it.

This writer cannot directly recommend the concept in its current state, but believes that the original idea is solid and if implemented in a viable way: would thoroughly warrant the full attention of any potential investor.

Until then, watch the community and keep an eye on the media – as well as word-of-mouth as this flawed-yet-promising idea is if nothing else, highly interesting!

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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My CFD Journey: 72,000 USD Up Today

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Wow the indexes are falling globally now. Dax is down with 1% today – same as Dow Jones. I would love to do a short call on these indexes, but that have seriously hurt my financial standings previously since we still are in a “bull” market with earnings reports beating forecasts and macroeconomic numbers excelling analysts viewpoints. I only want to trade by using trend following, so even if the markets are down, I love to do short buy calls as they most likely will rebound to new ATH (all time highs). The reason for just doing short buy calls is that we might be on the tipping point to a bearish market, but that’s something I would like confirmation on from e.g. macro numbers, earning reports and such. Until then, I’m quick in and out.

Here is my results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
Start 258 064,52
Day 1 25.01.2018 Dax Buy 13268 13274 13262 6 472,52 264 537,03 2,51
Day 2 26.01.2018 Dax Sell 13342 13318 13392 7 642,84 272 179,87 5,47
Day 3 29.01.2018 Dax Buy 13331 13336 13313 12 508,39 284 688,26 10,32
Day 4 30.01.2018 Dax Buy 13226 13233 13176 6 625,94 291 314,19 12,88
Day 5 31.01.2018 Dax Buy 13217 13230 13187 26 474,06 317 788,26 23,14
Day 5 01.02.2018 Dax Sell 13291 13265 13327 10 834,58 328 622,84 27,34
Day 6 02.02.2018 Dax Buy 12797 12825 12772 72 314,97 400 937,81 55,36

Using ProRealTime

As I wrote yesterday, I’m using IG.com to trade CFDs. They got a tool called ProRealTime that I started to use yesterday. It’s a great tool with many more indicators and tools, and best of all, you get a good look at your stats. Here is my stats so far on ProRealTime in NOK (1 USD = 7.65 NOK – click on the images to get a larger view):

As you can see from the image above, I got 8 winning trades and 1 losing trade. I tried to buy the dip on Dax but managed to enter a bit too early. The Dax index fell quite rapidly after I initiated this trade and I wanted to keep it open as long as possible as I knew a rebound would happen. But I was not comfortable enough to sit it through so I closed it. Still feeling certain that the price would rebound I entered a buy position yet again at what I thought would be the lowest low. And thankfully, that worked and it rebounded above my initial entry point for the first trade. To ensure that I got the profits I wanted, I did a third trade buying Dax when RSI showed a trend reversal (rose above 50). I closed the trades once I was happy with the profits and because I became nervous that the price would turn back down. Then I initiated the last trade of the day going long on Dax yet again.

Here is the total overview of my trades today:

I would again like to highlight that trading CFD is very risky, and I’m still significantly down in total these last 3 years.

My trading rules

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.
  10. Always write down your trades and elaborate what went right or wrong.

What is the meaning of this?

Why I’m I writing all these posts? My main goal is to find a working strategy trading CFDs and be able to mentor Hacked.com members and do live sessions together. However, I would like to keep going for at least one month until I feel comfortable that the strategy I have, actually works. I would rather lose my own money, than lose any of yours.

I wish you all a great weekend. We are going to visit our family this weekend and have a nice time.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Who Moved My Cheese?

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It’s been a while since I wrote a post. I’ve been busy with creating CCN.com and migrate CryptoCoinsNews.com over to the new domain with a fresh design. And It’s been Christmas with daily family dinners. I decided to quit my job at Wilhelmsen.com as a Digital Trainee. I’ve worked there for a year now, and with the growth of CCN and Hacked.com I had to take a choice. I want to make CCN and Hacked to one of the strongest crypto sources and our team is rapidly expanding. We are now more than eight full time employees and more than 20+ as part timers.

I also bought hvy.com in December, and I want to develop MoneyMakers.com into something more during the coming year. We are building a small media empire with a very decentralized structure. I love the team, and I especially love our dedicated readers and members.

I started 2017 by posting the following:

  1. My own longterm goals, what are yours?
  2. Join me to my first goal of $1 000 000
  3. My First Investment Towards $1 000 000

What is a bit ironic, is that I reached my “longterm” goal last year. It should have taken at least ten years, but I managed it in one. I managed it because of a few things:

  1. Dedication
  2. Team work
  3. Luck

Who would have thought that the crypto scene would blow up like it did last year? It was insane, and we still keep setting records.

Then to a few “lost activities” on hacked.com. The 33% club lost some steam this fall, purely due to my priorities at that time. I’ve still been investing, and I now have approx. 1 million USD in different assets (not cryptos). I will continue the 33% club from February and onwards, and I want you all to join. I will do a new post later in January with a better setup.

Then to my “Robot” affair. First weeks I made $5000, but then things started to go terribly wrong. I had multiple issues with using robots on MetaTrader 5 (I used Roboforex as my trading platform). One of the main issues I found was that the robots did well on certain days, but then when they made the wrong moves, I lost twice of what they originally made. And sometimes, my VPS went down and the orders were stuck until I manually exited them. Mostly with a huge loss. I do not think there’s any good robot out there where you can just leave your money and “forget them”. I’ve decided to focus more on investing my money in secure assets, stocks, indexes, and bonds. I’m still looking for the golden opportunity, and once I find it, I’ll share it with all the members on hacked.com.

Who Moved My Cheese?

I read a short book here the other day called Who Moved My Cheese? and it’s really worth reading. It’s stupid simple, but it’s so true. Basically it says that people who are stuck in the same patterns will end up depressed and “broke”. Your “cheese” or “money” will always be fluctuating, you have to chase it to new grounds. You might think that you can work for your employer until you die, but that will most likely be a terrible mistake. To believe that what you have now will be lasting forever. Successful people manage to change quickly, spot new opportunities, and move forward with their lives. I personally have experienced being stuck for a while, but now I feel free and I want to keep chasing the cheese in new arenas or mazes. Risk and failures are a part of your learning curve. Same can be applied in so many aspects of my and your lives. I recommend reading that book.

After I’m done 31st January at Wilhelmsen (my regular 9-5 job) I’ll focus more on Hacked.com and its community, and I’ll definitely write more and share my thoughts with you.

Thank you for a great 2017, now let’s make sure 2018 becomes even better for all of us.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

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