Billionaire_Bunny: May 2021

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Wednesday, May 26, 2021

Why I Hate Debt So Much

Many readers who had been following my blog know that I'm not too fond of debt. I hate debt so much that I never touch it a single time in my lifetime. If I do not have the cash to purchase something in my life, I will avoid buying it at all. This means I will only buy that product until I saved up the cash for it. You probably say a little debt will not hurt, but this is exactly how it starts. You make a small purchase on your credit card, and then before you know it, you are thousands of dollars in debt.
 
Debt can be a constant pain for some people because of its sheer nature. Everyone knows that debt is a struggle, but not everyone knows the extent of impact debt problems can have on a person's life. The amount of debt that can pile up throughout your life can create serious problems. Not handling debt-related issues immediately can leave you open to worse financial issues down the road.
 
The prime reason I can create and build a wealth of my own is that I had always avoided debt all the time. I learn this trait from my father, as he also avoided going into debt as well. In this blog post, I am going to explain why debt is bad for you. Moreover, I am going to give my reasoning as to why I hate debt so much.
 

Monday, May 24, 2021

I'm Now Heavy on Alibaba Stock

Since peaking in October 2020 at over $300 per share, Alibaba (Ticker: BABA) has lost approximately one-third of its market value. Alibaba stock price is currently trading at the $210-$220 range as of May 2021. The stock price caught my attention to take further research of the company. I became attracted to the company due to the fundamental and solid financial statement of the company.

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alibaba Health Internet platforms for pharmaceutical and healthcare products; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, an e-commerce platform; and Tmall Global, an import e-commerce platform.

 

On May 20, 2021, I decided to sell all my other positions in my portfolio and use the money to purchase Alibaba stock. I bought 3200 shares of Alibaba stock at $216.20, making this the most prominent position in my portfolio. As for now, my portfolio is very concentrated, holding only two stocks. I know readers might ask why I sold all my other stock positions and holding only two stocks now. In addition, Alibaba is not a stock that pays out a dividend. This is because I see an excellent opportunity that makes me decide to change my investing style. In this article, I will explain why I'm heavy on Alibaba and why I think this is an excellent investment. Moreover, I will talk about the recent earnings results, the stock setup going forward, a valuation update, and the critical risks in the investment.

Wednesday, May 19, 2021

Why Moissanites are the Best Diamond Alternative

When we think about expensive rings, the first thing that comes to most people's minds is a golden band with a bright, shiny diamond gem. Of course, a diamond ring is beautiful, and anyone who owns one is a fortunate person. However, not everyone can afford to purchase a diamond-encrusted engagement ring, even if they believe that it is only suitable to get one to mark their special moment. Diamonds are expensive gemstones. It is no wonder they do not fit everyone's budget. 

I personally like diamonds myself; however, I do not have that kind of money to purchase a real one. Well, maybe I do, but I do not want to waste my money on a diamond. This is the reason why I am looking for a diamond alternative. I have my ear pierced on my left ear when I was still in high school. Recently, I am interested in wearing an earring piece again. I wanted to have an earring that is very close to a natural diamond. I am not talking about zircon since it is easy to differentiate from the naked eye. This is the reason why I recently bought myself a moissanite stud earring. I like moissanite because this gem is considered a potential alternative to a natural diamond. If you are looking for a diamond gem, but don't have the kind of money to purchase one, then this article is right for you. I am going to explain what moissanites are and why they are the best diamond alternative.

Sunday, May 2, 2021

How to Make Money on Fiverr: The Basic Guide to Succeed as a Fiverr Freelancer

If you work remotely and know how to make money on Fiverr, your earning potential is endless. Fiverr.com has exploded as the premier source of micro outsourced services on the Internet. Thanks to a multi-million dollar advertising campaign, it is increasingly tough to find people who have not at least heard of Fiverr. Not surprisingly, more and more businesses, both online and offline, are using the services offered on Fiverr. On gig site Fiverr, freelancers offer their services for $5 and up a piece in areas as diverse as graphics and design, writing, music and audio, video and animation, programming, and more. As Fiverr’s ability to draw clients to explode, the good news is that there is more and more demand for whatever services you offer to the global market for digital services.

I got interested in Fiverr.com because I can use this site to make money from my hometown. I know I have the disadvantage of earning money like people working in the United States, so I have to find ways to make money from my country. Fiverr allow me to offer my skills and services on the Internet. Because I think Fiverr is an excellent site for anyone interested in making money on the Internet, I decided to do more research on this topic. Becoming a Fiverr freelancer is another way I can try making money (U.S. currency) on the Internet. This article will explain what Fiverr is, how it works, and what jobs you can offer. Moreover, I will share tips and information on how you can succeed as a Fiverr freelancer. Hopefully, after reading this article, readers can find a new solution to making money on the Internet.