Editor’s note: Even if you’re not a ‘tech head’, you can probably sense it. A great ‘digital disruption’ taking place in the financial world. Cryptos are just the tip of the iceberg…and our friends at Port Phillip Publishing held a free event to help you understand what’s happening. Read the note below for more… |
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Dear Reader, First, look at this… 
| Source: Mozo.com |
That’s a snapshot of some of the best savings account returns in Australia right now. And they’re not going to change any time soon… The Reserve Bank of Australia (RBA) just met and decided to keep cash rates at the historic low of 0.1%. Blame COVID. Blame exploding house prices. Blame all the money printing. Blame anything you like. It won’t change the fact that this is going to be your punishment if you save conventionally for some time to come. Now look at this… That’s a snapshot of the current returns on offer from various stablecoins. Stablecoins like USD Coin and Tether are pegged on a one-to-one basis to fiat currencies like the US dollar. They’re not volatile, like bitcoin. In that way, they’re lower risk than most cryptocurrencies. And they can earn you an income. As you can see, sometimes an absolutely amazing income. If you start using these for income, you end up kicking yourself for not doing it sooner. But this kind of income investing does not come without its own separate set of risks. To learn the pros and cons of using stablecoins for income…and much more about the new decentralisation mega-trend…watch this free presentation: A New Game: Ideas, Strategies and Hacks for a New Money World. Regards, James Woodburn,
Group Publisher | 
