Vlog 235: Investing in consumers goods + Waiting for the markets to choose direction.
I like to invest in good projects on the blockchain but also in consumer goods in my own life that will last a long time.
The money you don't have to spend (in the future) is money earned (in the future).
For example, I bought a very good electric clipper thing for my hair. It cost around $80.
Enough money to get me 4 haircuts at the barber.
But after 4 sessions at home, I'm break-even on my investment. And from then on it's earning money (I don't have to spend).
The money I don't have to spend I can now reinvest in something else.
If you have family members at home that can also use this device it goes even faster.
I know this is a simple example but this how I look at consumer goods.
I also look at the quality of the product, how often I use it, if it can save me time and how much joy it will bring me.
Yesterday I was hoping BTC would break through $12000, it was looking strong for a moment but it came back down.
I hear a lot of bullish stories but unless I see this signal myself I'm not buying.
I'm still waiting, investing in crypto is a patient game.
Yesterday I got some questions how I change my SBD's to other cryptos.
I use blocktrades.us to change SBD to Dash or BTC.
They charge a fee but I don't mind because it's very convenient.
You can also use Bittrex (exchange) for instance but I never do.
I talk about it more in my vlog.
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