The Tunji Letter, Edition #44
A Share Is Part Ownership in a Business || Apple's Spring Event || Buy Crypto on Venmo
Welcome to the Tunji Letter, Edition #44.
// Fact of the Week
"Although it's easy to forget sometimes, a share is not a lottery ticket… it's part-ownership of a business." – Peter Lynch
Research and due diligence are important when it comes to long-term investing. You must stop thinking of purchasing shares of a company as making a bet. Rather, think of it as a calculated allocation of your capital into a business. If you do not understand the business of a company you are buying shares of, can you honestly say that you are confident in that company generating a return for you in the long run?
// Apple's Spring Event
On April 20th, Apple unveiled a few new products at its annual Spring product launch event. The new products included an iPad with the company's in-house M1 chip, an iMac with the company's in-house M1 chip, AirTag (a Tile-like Bluetooth locator), and an Apple TV 4K with a new Siri remote.
As an investor, what do all these new product releases mean? Apple is continuing to solidify its ecosystem. Apple is releasing products that its customers can afford. For example, the new iPad Pro starts at $799, and the new Apple TV 4K starts at $179. It can be fair to say that Apple is not providing much innovation. Apple has become known for its minimally incremental improvements in products such as the iPhone and Apple Watch. It is time for Apple to provide some major innovation, whether with the rumored augmented reality glasses or car.
I am still bullish on Apple. Their Spring product launch event was a positive boost for their ecosystem. If the rumored augmented reality glasses or car get released within the next 2-4 years, I see Apple pushing towards becoming a $4+ Trillion market cap company.
// Buy Crypto on Venmo
Venmo, the mobile payment service company owned by PayPal, recently announced that its more than 70 million customers can buy Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for as little as $1. I think it is great that PayPal has expanded its cryptocurrency offering to its subsidiary Venmo. The only issue I find with this is that you cannot transfer cryptocurrency bought on Venmo out of Venmo. For most people, that will not be an issue, but for some of the power users in the cryptocurrency world, they see that as limiting the decentralized factor of cryptocurrency.
I make all my cryptocurrency purchases through Coinbase Pro and then transfer them to my Coinbase Wallet. I will continue to do that because that is the method that works best for me. I am again happy to see Venmo offer the ability to buy and sell cryptocurrency, and it may end up being the best method for someone to purchase their cryptocurrency.
// Latest Articles
Check out my latest articles:
· 5 Common Credit Card Mistakes to Avoid
· 2 ETFs That Provide Exposure to African Companies
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Thank you for reading!
Tunji
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