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Bridge The Wealth Gap - Spotting Opportunity In 2020

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@opinizeunltd
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There's no doubt in my mind that the wealth gap across the globe is widening at an alarming rate. Around the world we can see small businesses and the working-class suffering trying to adjust to the rapid change in social and fiscal policy that has come at the hands of the Coronavirus.

Our very way of life has been turned upside-down, the retail apocalypse is amongst us, and more of the global citizenry is being forced to look to their government for handouts.

On the flip side of that coin are all of the individuals who have taken advantage of the information age and prepared themselves for these exact moments. Financial literacy is the sturdiest bridge to get across the wealth gap, even sturdier than a big inheritance...hence the phrase "shirtsleeves to shirtsleeves".

Even though the economy is in turmoil, there have been huge opportunities to take advantage of in the markets if you were informed and/or positioned correctly. In my monthly stock/crypto zoom meeting I've shared some nice plays over the past year, not because I'm some expert investor, but because I stay informed from a macroeconomic standpoint. IMO this allows me to find the low risk/high reward plays.

A few of the opportunities that I put some emphasis on in chats/webinars and were able to take advantage of are:

1. Workhorse (WKHS) - I've been high on Workhorse since 2017 when it was below $2 and have been mentioning it as 1 of my favorite projects ever since. I actually made a post on it wayyy back when I first started blogging on the Hive (STEEM back then) blockchain. Here's my receipt lol

In my private network I had been screaming buy under $5. June of this year was the last time we have seen it at those levels. Here's a screenshot from a high-upside watchlist I put together in June for potential gains in the short term. The list has performed pretty decent to date but of course, WKHS was the star, almost 10xing at one point. It has since pulled back to the sub-$20 range. The other big hits were the precious metal plays (SLVRF, AUNFF) and HVBTF (yes the infamous Hive Blockchain stock lol).


2. The BTC/Crypto Flash Crash In March - The majority of us in the crypto space had been licking our chops waiting for a chance to buy Bitcoin at a big discount and the whole economy tanking in March gave us our shot. An obvious (though not guaranteed) move to those of us deep down the crypto rabbit hole, buying at those levels would have you up roughly 300% today.


3. Alts After BTC Bounced Back - I also created a crypto version of a high-upside watchlist that same month (June). There were certain projects based on their charts and roadmaps that seemed primed to perform well once BTC found it's footing after the March dump. SNX & ETH are the big winners so far but I expect a surge real soon from the other projects listed.


4. The Cannabis Sector - The Cannabis sector had been in a bear market since the 2nd half of last year, up until this summer when we started to see things turn around. After watching the market spike upward the next few months I did an update in October. It seemed like good timing based on the risk/reward (below) and the fact that it appeared we already seen the bottom. Every stock on that list is in the green and most are up big. Legislation getting approved in 5 new states definitely played its part in the price surge.


5. Precious/Rare Metals - Since the fall of last year, countless economic indicators have been screaming to back the truck up for precious metals...especially when silver got as low as $14. We also saw the inverted yield curve (well before Covid) occur in October and February, massive money (debt) printing, sudden limited access to actual physical metals (not paper), and countries around the world buying up gold and calling gold debts due. I looked at these factors and saw NO CHANCE of precious metals having a bad year.

Again, the purpose of this post isn't to profess any skillset on my behalf, just to show the kind of opportunities available to anyone who has their antennas up to the macroeconomic landscape.

What are some plays that are standing out to you guys right now, if any?


Posted Using LeoFinance Beta