Pokémon GO has entered Phase 2. Phase 1 was something somewhat surreal, with people roaming in packs in every major city, enriching developer Niantic Labs and the Pokémon Company by untold millions in the process. That was bound to end. The game ended its record breaking stint at the top of the app store’s “top grossing” chart, yielding to more reliable stalwarts like Clash Royale, Mobile Strike and Game of War: Fire Age. It’s a shame, if only because those first two weeks or so with Pokémon GO were some of the most exciting video game experiences I’ve had — pretty much ever. And it’s a shame because the game stood to make billions more if it had been able to capitalize on that. There are some estimates saying that the app’s revenue is up to $500 million in just 60 days which will put it on track to hit $1 billion by the end of the year. Pokemon’s success happened without there being a lot of key features. The author foresees the game getting better, and the players that stick around will have a more addictive experience. By not having simple revenue streams like cosmetic items, Nintendo potentially lost out on millions in revenue by not capitalizing on the initial Pokemon Go phenomenon. Time will tell how well the Phase 2 of Pokemon Go will do. Currently there is another app that is in beta that will soon be released and hopes for the same amount of success. The app is called Firefan. If you want to know more information, please contact me.
In addition to the typical stock and bond funds, there are those folks who prefer owning a physical commodity, such as silver or gold. Buying an ounce of gold today will set you back about $1,300. That’s a steep price tag for one ounce of the precious metal. If gold is too rich for your blood, you might be interested in investing in the following five precious metals better than gold. The five metals are silver, platinum, steel, aluminum, and copper. Silver has more global industrial uses than many of the precious metals, and thus silver’s value is impacted by the business cycle. Per the author: Here are some silver funds to consider investing in: iShares Silver Trust (SPLV), PowerShares DB Silver ETF (DBS), Silver Miners ETF(SIL), iShares MSCI Global Silver Miners ETF (SIVR). Platinum also has an industrial use, and historically has sold for 1.5 times the price of gold. As of Nov 3, platinum was 70% lower than the price of gold. With steel, the World Steel Association forecast a 0.2 percent increase in global steel production this year and 1.1 percent increase in 2017. The aluminum price has fallen more than 40 percent since 2011 as China has ramped up production of the commodity. Due to its diverse uses, aluminum is set to rise as well. Copper is considered an important precious metal due to its similarity to more expensive metals such as silver and gold. Copper is ductile, malleable, and conducts heat and electricity well. Despite those similarities with more expensive metals, copper is priced lower and used more extensively across industries. Copper is invaluable for wiring, plumbing, circuit boards, HVAC systems and telecommunications equipment. Remember when trading in commodities there is higher risk because unlike a company there’s no dividends to receive while you’re waiting for a commodity’s price to rise.
If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section.
For this week, I’ve included Reinvent your Life – Charles Bukowski from The Journey of Purpose YouTube channel.
“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.” Proverbs