Investors Update for 19/04/21

Whilst we personally got lucky with the weather and potential Covid outbreak, when we visited southern Qld, the timing of things finally being approved and bank and trading accounts opened was not as lucky. As the markets have done well since the lows in March 2021, the buying prices are not so good right now but only time will tell as we watch for any weakness and opportunities over coming months?

However, we have started to buy some shares today which are not at their highs (below):

Cryptocurrencies are very volatile and the transaction costs are quite high (typically anything between 2-3% of the value). I can’t help but wonder if these can ever replace other payment methods due to the high costs (that goes to the people that sustain the global network)? This continues to be a rapidly evolving market and alternatives are regularly being developed that could possibly replace Bitcoin as a better exchange medium. Etherium is currently my preferred crypto because 1. it’s actually got a better program behind it, and 2. a lower price with a slightly greater potential as its popularity grows (it’s always been the 2nd highest crypto by market value). My other concerns are that many governments continue to make these difficult or illegal around the world and that just adds another level of risk. But there are some countries that may be relaxing the rules, with the most important being USA, so we may have a pivot point and there’s new professional fund managers offering another alternative to investing which I am still in the pocess of reviewing and be in touch with you all soon.