Investing – More than Just Stocks

Hey there! Guess what, there is more than just one type of investment. I’ve talked about stocks for most of my posts, but there are a lot more options for investments. Some other common ones include real estate, bonds, precious materials, foreign currencies and a whole lot more. Basically an investment is the act of buying something, hoping the value will go up, and eventually selling its and ideally making a profit. So technically you could invest in pencils if you really wanted to, but I wouldn’t recommend it!

That’s all for now, Ben

The Nintendo Stock

Hello all! Many of you have probably heard about the recent release of Pokemon Go in Australia, New Zealand, Japan, and the States. Although it hasn’t come out in Canada yet, I still know that it is an awesome game. It will revolutionize the way games are played because there is nothing else in the world like it. So how does this have any relation to the stock market? Well, the Pokemon company is owned by Nintendo an if you have been paying attention to the Nintendo stock in the past week and a half, you would have noticed that it has recently been rising very quickly. These are the types of things you should look out for when you’re trying to find a great stock to invest in.

That’s all for now, Ben

P.S. Sorry about the absence of investing posts in the past few weeks. I’ll definitely be creating posts much more often now.

The Best Western Harmony, Vienna

I recently stayed at this hotel, and was pleasantly surprised with the services and activities it offered. My first impressions were good just walking into the lobby, and after checking out the room, I knew that I was going to have a great stay. The room itself was bright and interesting. As soon as you walk in the room comes to life using technology I’ve never seen in a hotel. The windows open themselves and the lights automatically turn on, as well as several other things. Although there was no swimming pool, there was a lot to do near the hotel. It was very close to a public transit system and several touristy spots, such as a park and a famous church, were right nearby. As an added bonus everyday from 3:00 to 6:00 the hotel offers free tea and cake, alongside the free breakfast offered in the mornings. Overall this is a great place to stay for anyone visiting Vienna.

The Wenceslas Square Hotel, Prague

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The Wenceslas Square Hotel is a fairly small hotel located just off Wenceslas Square in Prague, Czech Republic. Its takes less than two minutes to get to Wenceslas Square from this little hotel. Getting my bags up to my room when I first checked into the hotel was a struggle. There are a lot of stairs to climb up, even after taking the elevator up to you floor. When I first got to my room on the 5th floor I was disappointed. The room looked like very little thought was put into the design. Also, the only window in the room was a skylight which can’t offer the views I was hoping for in a Prague hotel. It was not what we were expecting at all. We soon requested a room change, and since none were available that day, we had to stay the night in that room. Although are first night was unpleasant, things quickly changed when we were given a new room for the 2nd night. We got a room on the 3rd floor, which was a huge improvement to our 5th floor room. We had a great view of the nearby museum and the room was extremely bright and airy. Other than my first nights stay at this hotel, I had a good experience at this hotel. My 2nd room was very nice and it was located in a perfect location, with the added benefit of free breakfast at the hotel. If you’re planning on staying at this hotel in the spectacular city of Prague, I’d recommend requesting a room below the 5th floor as those are the nicest rooms.

That’s all for now, Ben

Diversifying your Portfolio Pt.2

Hello! I talked about diversifying your portfolio in an earlier post. To see it click here. Today I’d like to talk more about diversifying your portfolio. Particularly throughout different industries. Those who invest all their money into one industry, maybe the fast-food industry for example, will make lots of money if the demand for fast food goes up, but they’ll also lose a ton of money if the demand goes down. It’s a whole lot safer to invest in as many industries as possible. All of the stocks I own are involved in different industries, including the social media industry and the electronics industry. Let’s go back to the fast food example. Say a person named Jonathan has $1000 he’d like to invest. He notices that stocks in the fast food industry have been going up steadily for quite some time. He puts all of his money into 10 different fas food companies. The next day he finds out the his portfolio is only worth $250. All of his stocks went down because of the discovery of an unhealthy ingredient found in the food restaurants like McDonalds and KFC serve. Now let’s say Jonathan had invested $ 100 into the fast food industry, $100 into the electronics industry, $100 into the entertainment industry etc. He would have lost $75 from the money he’d put into the fast food industry but maybe overall he gained money from all his other stocks. This is the reason why diversifying your portfolio is extremely important.

That’s all for now, Ben