There Is No Perfect Time To Invest

There is no perfect time to invest… Unfortunately for investors in actively managed mutual funds and some actively managed target date funds, market timing is a reactionary investment strategy involving making buy or sell decisions based on predictions about future price movements, over and over. We see patterns where there are really none… This is akin to being a conspiracy theorist. Conspiracy theorists are afraid of something they don’t understand. Unfortunately, if you are afraid to invest in something because you believe the time is not right, I’ve got news…

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Should You Use Cratejoy For An Online Subscription Business?

Should you use Cratejoy to start an online subscription business?

When it comes to creating a online subscription business, you have many options, one of which is Cratejoy. Cratejoy is an Internet marketplace and e-commerce website hosting platform for online subscription based businesses. You could also use all-in-one website platforms like Wix, Weebly, Squarespace, Shopify or WordPress to start an online business. In each of the aforementioned options, you could set up a subscription business using a recurring payment processor, such as Stripe. Cratejoy offers recurring payments as a primary feature as it is specifically targeting subscription business entrepreneurs and…

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Comprehension vs. Understanding

Understanding and comprehension are slightly different. We can comprehend something without truly understanding it. Hindsight is often the difference. First hand experience provides a deeper understanding that can lead to behavioral changes whereas comprehension, even with common sense, may not affect behavior either way. By experiencing things first hand, you not only gain an understanding but also your tolerance for whatever it is you are learning about.  

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The Luxury Trap

The slow creep of affordable luxuries combined with inflation and higher expectations means that luxuries eventually become necessities. Redefined necessities spawn higher expectations and new obligations to keep up with the Joneses. But the Joneses don’t exist… They are a fictional duo conjured in the funky place in your brain where self-sabotage and boiling frogs (briefly) live.

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What is ERC-20 Token?

What is an ERC-20 token?

ERC-20 is digital token standard that can represent assets that run on the Ethereum blockchain. ERC stands for “Ethereum Request for Comments”. 20 represents the unique proposal ID number. The Ethereum blockchain records transactions which are comprised of smart contracts that create tokens, such as ERC-20. Ethereum tokens must run on the Ethereum network. There are other types of tokens that can run on the Ethereum network, such as ERC-721, and ERC-20 tokens use the same common set of rules that all Ethereum tokens must follow. ERC-20 tokens are commonly…

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Is Facebook The Worst Trusted Third Party?

“Trusted Third Parties” are getting a lot of heat… Especially in the crypto community. Indeed, blockchain was created to enable Bitcoin to eliminate the need for trusted third parties altogether. Of course, it’s bad when a trusted third party in the financial industry, such as a bank, is breached exposing a client’s personal data and information. But it’s relatively rare… Doesn’t happen every hour of the day. On the other hand, Facebook’s entire business model is built on siphoning off data about you… As much as it can get while…

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You’re Probably Right… Now Get To Work.

You're Probably Right Now Get To Work

That great new world changing idea you have? You’re probably right about it… Congrats. Now get to work and be prepared to wait years to see any results, verification, support or confirmation of that. How Long Do I Have To Wait For My Idea To Work? How long do you need to work and wait for a great new world changing idea to take hold? Probably a long time… Indeed, it could take a decade. Or dozens of years. Maybe decades. The good news is that during that time, you…

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The Anomalous Observation

Pattern recognition helps us navigate the world using a form of stereotyping. However, when a pattern deviates from the standard, we’ll experience an anomaly. Anomalies are peculiarities or inconsistencies in what is expected. An anomalous observation is often immediately ignored… But sometimes anomalies can be business opportunities. For instance, Akio Morita created the Sony Walkman by initially observing that teenagers were carrying ridiculously large radios next to their heads. It didn’t make sense, but they were doing it anyway. This observation led to the creation of the Walkman which¬†changed music…

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The Longest Line

The Longest line is sometimes an indicator of something good… Wait long enough and you’ll have what’s at the end. But sometimes the length of the line and the quality of what’s at the end have little to no correlation with one another. Sometimes the length of the line grows just because of the story we tell ourselves about the line length. We tell ourselves that a long line means something worth waiting for… And so the line grows. Starbucks doesn’t want smaller lines. But if all we choose to…

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How Long Is A Patent Good For Once It’s Awarded?

how long is a patent good for?

If you have an idea for a product, or invention, you may be wondering if you should patent your idea, how much it will cost and how long is the patent good for. If your idea is patentable, then go for it… Just be aware that the patent protection you receive is limited to a specific period of time and is territorial. Once you receive your patent award, the patent is good for 20 years from the date of first filing. The cost of a patent will vary depending on…

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