Posted in Pursuit of Excellence

November 30, 2016

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

Posted in Pursuit of Excellence

July 13, 2016

More and more people are choosing to retire abroad to enjoy a better climate, new experiences, access to affordable healthcare and a lower cost of living. One destination long popular with expats is the Philippines, a nation that spreads out over more than 7,000 islands. This country is located in Southeast Asia and is near Taiwan, Indonesia and Malaysian Borneo. The author argues that it is possible to live better and make your money stretch further by living abroad. This article examines if it is truly possible to retire in the Philippines with $200,000 in savings. Each year, International Living’s Global Retirement Index ranks retirement destinations around the world, measuring factors such as climate, healthcare, benefits and discounts, and cost of living. For the 2015 Index, the Philippines scored 92 out of 100 for cost of living, placing it in the top 10 for cost of living, and matching Belize, Cambodia, Ecuador, Guatemala and Thailand. Only Nicaragua and Vietnam ranked higher for low cost of living, each earning a perfect score of 100. In the Philippines, the $200,000 would last roughly 21 years. If you add in Social Security, a retiree can cover most of your living expenses. The author recommends that when you do transition to live in the Philippines, you should eat and live like the locals live to begin spending at the “local rate.” As such, it is always recommended that you work with a qualified attorney and/or tax specialist when making plans for retiring abroad. Also the author adds as a foot note that you should really research before retiring to the Philippines because of the increased violence as of 2014.

A two-day rally for Nintendo has lifted the company’s market value by 718 billion yen, or $7.1 billion. The surge began Friday after the debut of a new mobile game app, Pokémon Go, and accelerated Monday with the shares rising by the daily limit of 25 percent in Tokyo. I encourage you to watch the video. It seems as though Pokémon Go will have an interesting effect on Nintendo’s share price but in people’s behavior as well. It’ll be interesting to watch as adults respond to their childhood activity suddenly taking on an adult life. This smartphone app has soared to the top of download charts. It’s a location based app in which users will try to find Pokémon characters overlaid on real life locations. Nintendo’s console sales have slowed, but if Nintendo can capitalize on its franchises then there is still enormous potential for profits and the company’s overall growth. Pokémon Go represents a success for augmented reality games, because it is overlaying digital images over the real world, and opens the possibility for truly mobile gaming. Also, it should be noted that Niantic, Inc. is the company behind the software that integrated the augmented reality into the Pokémon Go, and their first game was Ingress. Niantic may be a company to watch.

Here is a very basic plan for achieving financial independence: get a job, start to save, get raises, save as salary increases, take advantage of dollar-cost averaging (DCA), benefit from a bull market, hit magic number, and retire.
It sounds simple and straightforward on paper, but in reality, earning a high income does not automatically translate into a high net worth. The reason that there isn’t a higher net worth for most people is because there isn’t a discipline to save. Often times, when a person’s income increases, his expenses will increase also. This increase can take the form of a new home, and growing a family. Obviously with more people to take care of, the ability to save becomes more difficult. Another factor is lifestyle. People are more prone to want to enjoy life vs. setting aside money for the future. An additional factor to consider is geography. Depending on where you live, the cost of living can also be a drain on your ability to save. A final factor to consider is the eye of the beholder. What a person perceives as a lot of money may not actually be a lot, because having a better lifestyle means you end up with more to pay for. Sticking to the seemingly simple plan of earning more and saving more requires serious discipline and sacrifice. It means living below your means, regardless of the level of your means, and making savings a priority. In other words, “Keep your lives free from the love of money and be content with what you have…” (Hebrews 13:5 NIV). The most important thing you can do to increase your net worth is to create simple disciplines. Buy assets that produce income. Save before you pay bills or spend money. Set measurable small goals and celebrate the victories. Remember, it’s not about how much you make, it’s about how much you keep. If you want to learn a trick to help you accelerate your savings, then feel free to click on the contact me section link below.

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG