Crypto Markets are surging. NAR case and its implications.
Top 5 growth stocks and what is the Corporate Transparency act?
šDear Valued Subscribers,
Welcome to another exciting week filled with compelling topics and investment insights. In this newsletter, we're delving into key areas that have been making waves in various markets. Here's a sneak peek into the topics we'll be exploring:
Crypto Market Surging: Is the bull market back?
NAR Case: Implications for the Real Estate marketĀ
Corporate Transparency Act 2024: What is it + takeaways
Top 5 Growth Stocks:
So folks, strap in as we have a lot to cover as we dive into the materials for this week's newsletter!Ā
Crypto Market BOOMING: Bitcoin Soars Through $37,000 As Altcoins Continue To Climbā¦
Crypto Market:Ā
In the last 24 hours Bitcoin has climbed over 6%, and it's safe to say that the sentiment in the crypto market is VERY high. The bullish price action weāve seen comes at a time where an 8 day window has opened from November 9th to November 17th, in which the potential of the 12 pending Bitcoin ETF filings could be approvedā¦Ā
Price has already climbed significantly this week, so just imagine what could happen if these 12 ETF filings were approvedā¦Ā
Bullish? I think so.Ā
Bitcoin Update:
Since breaking out of its bear market resistance of about $31,800, Bitcoin has SOARED about 20% in just a few weeks. Not only did it breakout to the upside, but it did so with power we havenāt seen since the last bull market. While there still remains a strong possibility of a re-test of the previous resistance of $31,800 as new support, weāll continue to monitor and see how much space Bitcoin can create before having a pullbackā¦Ā
Chainlink:Ā
When looking at the best performing assets in crypto throughout the last couple of months, Chainlink (LINK) is clearly a top asset on this list. In the first 3 days of this week alone, LINK is up over 26%...Ā
You might think āthatās nice but it's just one weekā but that simply isnāt the case. Since September of this year, LINK has climbed a whopping 171%, and has demonstrated GREAT strength against the entire market.
Being that the bull market may only just be getting started, weāre excited to see what LINK does during the peak of the bull marketā¦
Polygon (MATIC):Ā
Another BIG performer this week has been MATIC, which in the first 3 days of this week has climbed 20%! While this doesnāt come after a considerable climb like weāve seen with LINK, itās still one of the top performing assets in the market this week.Ā
MATIC in the 2020/21 bull market had an extreme run, climbing a jaw-dropping 25,000%+ from where it started its run. While weāre not saying that it will do that again, it gives you an idea of the type of adoption this coin has had in such a short period of timeā¦Ā
I hope all of you have been dollar cost averaging in as we discuss! This is just the beginning.
5 Takeaways For The Real Estate Market Following The NAR Case Loss - $1.8 Billion Verdictā¦Ā
A Missouri court has found the National Association of Realtors (NAR) and two brokerage firms liable for $1.8 billion in damages. The lawsuit claimed they conspired to keep real estate commissions high. The verdict could lead to changes in commission structures, potentially separating buyer's and seller's agent commissions, and raising concerns about market inclusivity for some buyers.
Here are five takeaways for the Real Estate market following the NAR case loss:
Potential Disruption of Commission Structures: The verdict challenges the traditional 6% real estate commission model, where sellers pay a commission that is split between the seller's and buyer's agents. While immediate changes are not expected, there's a possibility that the practice of listing agents and sellers setting and paying buyer agent commissions could be eliminated in the long term. This separation could impact home prices, making them more negotiable and potentially leading to price drops.
Continued Litigation and Uncertainty: The NAR and the defendant brokerages have vowed to appeal the verdict, indicating that the issue will be tied up in legal battles for years. This ongoing uncertainty could affect how real estate transactions are conducted and how commissions are structured in the future.
Consumer Advocacy and Potential Benefits: Consumer advocates celebrated the verdict, hoping that it might lead to changes in how commissions are structured in the industry. If the court decides on significant injunctive relief, it could result in a more price-competitive system, potentially lowering consumer costs and increasing the quality of services.
Impact on Market Inclusivity: There are concerns that separating buyer's agent commissions from seller's agent commissions might make the market less inclusive. Buyers, especially those unfamiliar with the homebuying process, might find it challenging to navigate additional expenses. This could potentially deter some buyers or lead them to make uninformed decisions, impacting market dynamics.
Evolution of Real Estate Business Practices: The case and its aftermath could lead to changes in business practices within the real estate industry. Settlements made by some firms, such as not requiring agents to be members of NAR, indicate a willingness to adapt. Real estate agents and brokers may need to adjust their strategies and services to align with potential changes in commission structures and consumer expectations.
The Corporate Transparency Act (2024): What Is It And What Takeaways Can Be Made?
Did you know that a new law that was enacted in 2021 will come into effect January 1st of 2024? The law Iām referring to is the Corporate Transparency Act, and hereās what you need to know about it:
What Is This New Law?Ā
The Corporate Transparency Act is a U.S. law that makes companies tell the government who really owns or controls them. This helps prevent illegal activities like money laundering and terrorism financing. It's meant to stop people from hiding behind anonymous companies to do these things. The law focuses on companies involved in money transactions and property deals to make sure they are transparent and follow the rules. This way, the government can better fight against financial crimes and make sure the financial system is fair and honest.
Potential Takeaways + Considerations:Ā
Increased Accountability: Companies need to be more transparent about their ownership, which can lead to increased accountability. It becomes harder for individuals to hide behind anonymous companies for fraudulent or illegal activities.
Better Regulation: With detailed information about the actual owners, regulatory authorities can more effectively oversee businesses. This can lead to a fairer marketplace and prevent businesses from engaging in illicit activities.
Enhanced Anti-Money Laundering Efforts: The Act strengthens the fight against money laundering and other financial crimes. By knowing who owns a company, authorities can track financial transactions more effectively, making it difficult for criminals to launder money.
Legal Compliance Challenges: Companies, especially smaller ones, might find it challenging to comply with the new reporting requirements. Ensuring accurate and timely reporting could pose administrative burdens for businesses.
Economic Impacts: The increased transparency could impact investment decisions. Investors may be more confident in businesses operating in a transparent environment, potentially boosting investments in compliant companies.
Taking A Look At The Top 5 Growth Stocks From Wall Streetās List Of BEST Growth StocksĀ
Wall Streetās top 10 growth stocks according to SA Quant Ratings was just released, and weāre gonna take a look at the top from that list, and see how they have performed year-to-dateā¦
Wall Street's Top 5 Growth Stocks (YTD Growth) - Add to your list of winners!Ā
Inter & Co, Inc. (INTR): 158.1%
Frontline plc (FRO): 86.6%
Celsius Holding, Inc. (CELH): 83.4%
CrowdStrike Holdings (CRWD): 87.6%
TORM plc (TRMD): 10.7%
When constructing your research for your portfolio, be sure to research these stocks, as they have all performed very well and have a lot of great potential for growth in the near term!Ā
Quote of the Week: āAn Investment In Knowledge Pays The Best Interestā Author Benjamin Franklin
I love this because its one of my top priorities in my daily life. How can I educate and provide the most people the tools they need to achieve financial freedom. We really werenāt taught financial literacy in school and most families do not hand it down. So lets keep learning, growing and thriving financially together.
Sincerely,
Robert J. Croak