There are numerous ways to measure product uptake. Tens of thousands of books are sitting on business school library shelves across the world with documented techniques on how to assess the distance a product has travelled into its life journey. Sometimes, however, it’s just obvious that something big has started and is on the precipice of being far bigger — no books required.
Cannabis is one such industry, with all the signs indicating that weed may play out to be one of the biggest investible megatrends of our lifetime.
In October 2018, Canada fully legalized the adult use of recreational cannabis, the first major western country to do so on a national scale. This is why many of the pure-play cannabis stocks we see today are only listed in Canada. …
One of the most common themes that come up when we talk to members of the MyWallSt community is the mistakes that they made in the past before they came to us.
A typical email might start something like this:
“Hi guys, I first started investing a few years ago but didn’t have much luck. I ended up putting money in [insert investment vehicle here] but had no real idea what I was doing. Of course, I ended up losing it all…”
In the interest of learning from others and growing together, we recently went back through a few of these messages and pulled out some of the most common mistakes. You’ll undoubtedly find people who will refute what we’re about to say, claiming that they have made plenty of money through these methods. …
One of the greatest lessons in my life came at the age of 25 when I made and then promptly lost a small fortune. At the time, it was more money than I’d ever imagined I would have in my mid-twenties.
A number of elements led to this happening — the most prominent of which was internet access. The internet was a major game changer in the world of investing. No longer did you have to call up your broker to place minor trades, you could do so at the click of a button.
Next came “expert” advice on the latest hot stocks from thousands of message boards and chat rooms. …
“The stock market is filled with individuals who know the price of everything but the value of nothing.”
– Philip Fisher
In the early 1800s, the Prussian Royal family urged its citizens to sacrifice their gold and silver jewellery in order to fund a war against Napoleon. In return for their valuables, the donors received jewellery made out of cast iron with the inscription ‘Gold Gab Ich Für Eisen’ — ‘I Gave Gold For Iron’.
Within weeks, these iron pieces became incredibly popular. They not only demonstrated that the wearer was wealthy but wealthy enough to sacrifice gold in order to help the war effort. …
Here at MyWallSt, we’re constantly trying to make it easier to invest.
That’s why we allow members of our community to invest in fractional shares through our MyWallSt app.
A fractional share is defined as a share of equity that is less than one whole share. Though it might sound confusing, it’s really quite easy to understand once you break it down.
We know that companies issue whole units of stock called shares. These shares are traded on the public market for investors to buy. If you buy a share, you buy a stake in a company.
Buying a fractional share is a little different though. Instead of buying an entire unit of stock in a company, you’re buying a partial unit of stock that is less than the value of one full share. …
We now find ourselves in the longest bull market in history, with the market rising more than 300% since bottoming out in the depth of the Financial Crisis almost ten years ago.
Though the going is good, situations like these lend themselves to a lot of speculation as to when the next downturn will occur. Many say it’s just around the corner, while others claim that we still have a few years left to prosper.
Indeed, one of the constant questions that’s asked by members of the Invest community goes something along these lines:
“With the inevitable downturn about to happen, why should I invest now rather than wait until I can buy all these stocks for cheaper?” …
This new feature will help us to create a more personalised experience for the MyWallSt community and a more seamless way for you to keep on top of your investing life.
Up until this point, we have had no user accounts in the MyWallSt app. This was due to the fact that most of our users already had a separate brokerage account linked in-app. We didn’t want to add an extra step in the sign-up process by requiring a separate account for MyWallSt too.
However, with the MyWallSt app evolving massively over the past few months, the product team once again revisited the idea of creating user accounts. …
Sometimes, I have to remind myself that the company I co-founded is also a business.
Let me explain…
Although I believe that MyWallSt is entirely unique to anything that has come before, we have pretty much the same responsibilities that every other business has. Revenue, customer acquisition, PR, the odd internet outage, whose turn it is to take the bins out… these are just the typical components of a modern business.
But why doesn’t MyWallSt feel like just another business?
Recently, during one of our regular stand-up sessions, my friend and co-founder John Tyrrell casually said something that really resonated with…
The very first stock Warren Buffett ever invested in was an oil-service company called Cities Service. Along with his sister Doris, he studied the financials closely and was certain that he’d found an undervalued gem.
Together, they bought six shares in the company at $38 a pop. A few weeks later, those shares plummeted almost 30%.
Despite this significant loss, the Buffett siblings decided to hold on. Eventually, they managed to sell at $40 — making a $2 profit per share. Unfortunately, they then had to watch as Cities Service shares continued to rocket up to $200 without them.
Although he was only 11 years old at the time, Buffett had just learned what would probably be the most important lesson of his investing life. Years later, Buffett’s business partner Charlie Munger reflected on a similar situation in the way only he…
Shelby Davis was a simple man.
While Warren Buffett might be a household name in today’s world, hardly anyone has heard of Davis.
But you might become a little more interested in Davis when you hear that, from 1947 until his death in 1994, he managed to turn $50,000 into $900 million.
That’s an eighteen thousand-fold return.
Davis never intended to become a stock analyst, never mind one of the most successful investors of all time.
In fact, it was only at the age of 27 — after years of travelling around Europe trying to get a job in journalism — that he reluctantly accepted his brother-in-law’s offer to join his investment firm. …