Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 17, 2021
How a Secretary from Brooklyn Became a Multi-Millionaire

How a Secretary from Brooklyn Became a Multi-Millionaire

When Sylvia Bloom retired at age 96 in New York, she was worth about $9 million. But it wasn’t because she was a dealmaker on Wall Street or a real estate tycoon in Manhattan. Quite the opposite in fact – Mrs. Bloom was a secretary at a law firm for 67 years.

When Mrs. Bloom passed away in 2016, friends and relatives were in shock to discover how much she was actually worth. But maybe they shouldn’t have been – Mrs. Bloom rarely missed a day of work in 67 years, she and her husband lived their whole lives in a rent-controlled apartment in Brooklyn, and she always insisted on walking or taking the subway. There was even an instance when a colleague saw Mrs. Bloom, at 96 years old, walking out of the subway during a snowstorm to go to work. When he asked her what she was doing there, she responded, “Why? What else should I be doing?”

A fierce work ethic and a modest approach to living helped Mrs. Bloom become a disciplined saver, but her fortune was also tied to smart investment decisions. In the old days, secretaries were also de facto traders for their bosses, placing orders to buy and sell stocks on their bosses’ behalf. Mrs. Bloom’s formula for success was simple: any time her bosses bought a stock, she would buy some too (though a smaller amount, given her modest salary). This practice went on for years, with Mrs. Bloom investing incrementally – and consistently – over time.

The final step in Mrs. Bloom’s path to wealth was something she had a lot of: time. Given that she worked for 67 years and lived to be 96, she had the benefit of time and compounding returns. Little by little, year by year, she amassed a fortune.

It will probably come as no surprise to learn that in her will, Mrs. Bloom left almost all of her money to go toward scholarships for students in need. She directed the money to a charitable foundation known as the Henry Street Settlement, which serves more than 60,000 people and provides an array of social services such as education support, health care programs, and transitional housing. Mrs. Bloom’s money in particular is set to endow the Expanded Horizons College Success Program, which helps disadvantaged students prepare for and complete college.

Mrs. Bloom’s story is an admirable one. A story of hard work, modesty, humility, and care for the community. But it’s also a story of how a person with even a modest income can become a multimillionaire, if he or she establishes a saving and investment discipline that lasts a lifetime.

Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.