Let me share few tips on the psychology of the stock market and how stock market is controlled by emotions.
Tuesday 15 May 2018
Saturday 12 May 2018
What is Affiliate Marketing and why you should kow about it.
Affiliate Marketing is the process of earning commission by promoting someone else’s product or service. You promote someone else’s product or service using what is called Affiliate Link.
Saturday 5 May 2018
Basics of Investing(Part 5)
There were a few people who were confused with part 4 i.e. The introduction to risk in general. Let me clarify what the take-home message was for that article.
Thursday 26 April 2018
10 ways Elon Musk is changing the world
We all know Elon Musk. He is one of the greatest entrepreneur of the 21st Century.
Let’s discuss the top 10 ways Elon Musk is changing the World.
10) Supersonic travel.
Unveiled by Musk in 2013, the superfast Hyperloop travel concept is potentially revolutionary.
The transportation system will apparently blast passenger packed 2 meter wide pods through long tubes at about 1220 kilometres an hour using energy derived from the Sun.
These pods would zoom through long tubes which would be mounted on pylons to minimize construction costs and reduce earthquake risk and ease right-of-way issues.
Musk believes the system will act as a cheaper faster alternative to California's proposed $70 billion high-speed rail system. Estimating that a Hyperloop line could be built from Los Angeles to San Francisco for $6 billion.
Despite some scientists being sceptical about whether the Hyperloop will work. It has the potential to be completely world-changing for travel.
Take for instance the journey time from LA to San Francisco. Typically in a car it takes 6 hours but via the Hyperloop it would take just 30 minutes.
9) Private Spaceflight
Musk founded the private spaceflight firm SpaceX in 2002 and currently serves as its CEO and chief designer.
SpaceX has already made history becoming the first private company to deliver a spacecraft to the International Space Station.
The unmanned Dragon capsule first visited the orbiting lab on a demonstration mission in May 2012 and has completed two cargo runs since.
The company holds a 1.6 billion dollars contract with NASA to make 12 such flights with Dragon and its Falcon rocket.
In 2017, musk revealed proposals for one of his most ambitious projects to date Intercontinental rocket flights for passengers that will take under half an hour and cost roughly the equivalent of an economy flight on a passenger jet.
SpaceX claimed that it would be able to fly from Hong Kong to Singapore in 20 minutes, New York to London in 29 minutes and Sydney to London in 51 minutes.
8) Colonizing Mars
Beyond intercontinental rocket flights in the next 40 to 100 years. Elon Musk hopes to build a 1 million strong population on Mars for the long-term future of humanity.
The billionaire entrepreneur hope SpaceX can help get the ball rolling towards such a settlement by ferrying explorers to the red planet for perhaps $500,000 per trip.
Musk envisions a 1000 huge advanced carbon-fiber ITS spaceships sitting in orbits at any
one time kind of like Battlestar Galactica.
They would be refueled using propellant tanks and be capable of holding 100 crew. Though this number would ideally rise to 200. Each ship is expected to have a lifespan of 30 years and 15 flights each.
If the crew number on board stays up 110,000 trips will be needed to populate Mars said musk. Due to the time limitations on this his estimate came to a mission length of 40 to 100 years to reach the necessary population.
7) Making electric cars cool
When many of us think of Elon Musk, we think of Tesla the company he founded in 200 that manufactures electric cars and the battery packs that power them. By creating models that were visually much more desirable and affordable to the average customer.
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Musk has helped change the way many people view electric cars. In 2015 and 2016 the company's Model S was the world's best selling plug-in electric car and global sales of the carreached the 200,000 units milestone during the fourth quarter of 2017.
Tesla's success pushed other major car manufacturers towards developing their own electric vehicles such as the Renault Zoe, BMW i3 and Nissan Leaf.
By 2040, analysts now save a 54% of all cars sold on the planet will be electric and if things go the way they have in 2017.
Those cars are more likely to be emblazoned with a Tesla Inc logo than BMW AG's.
6) The Gigafactory.
What do you do when your electric car company's business plan requires more lithium ion batteries than the entire world produces.
Tesla is only worth just over 3 billion that's a bit of a funding gap. Musk got around this problem by inciting a bidding war between states who want to host the Giga factory, which is estimated to create 22,000 new jobs and bring a $100 billion into the local economy over the next 20 years.
The state of Nevada won with its offer of 1.4 billion in incentives plus free land to build the Giga factory on The Giga factory is capable of making 10,000 solar panels a day or 1 gigawatts of solar capacity a year.
It will be the largest solar manufacturing plant in North America and one of the biggest in the world easily becoming one of the biggest providers of alternative energy sources.
5) Pioneering ecommerce
Most of you have probably bought something online using PayPal. The payment system makes it quick and easy to make a transaction and we have Musk to thank for its success in revolutionising online payments.
The story goes that Elon Musk co-founded the online financial services company X.COM in 1999. A year later X.COM merged with Cofinity, which had developed an online payment system called PayPal.
In 2001, the company was renamed to PayPal and dramatically grew in popularity so much so that it was acquired by eBay in October 2002 for a whopping $1.5 billion.
Up until the acquisition eBay depended on physical checks as payments.
As of 2017, PayPal operates in 2002 markets and has 2018 million active registered accounts.
PayPal allows customers to send receive and hold funds in 25 currencies worldwide
4) Renewable energy
By now you've probably realized Elon Musk has a vested interest in the effects of climate change. So, it makes sense that he's involved with a big renewable energy venture.
Musk is the chairman of SolarCity which designs and installs clean energy systems for households, businesses, universities and other organizations
Solar City claims its carbon footprint per unit of energy production is 95 percent lower than that of fossil fuel power plants and the typical solar city system starts delivering net carbon reductions in less than a year.
The firm which was founded in 2006 has thousands of customers across 14 states according to its website. Musk's goal is to provide consumers with an integrated fossil free future.
His solar-powered roof tiles eliminate the need for traditional panels and have a longer lasting home battery which Tesla calls the Powerwall.
3) The future of AI
When it comes to artificial intelligence, Elon Musk is extremely worried about the potential threat it could have on humanity.
In fact he's so worried that he pledged 1 billion dollars in 2015 to create a non-profit organization called open AI, which researches ways that we can peacefully coexist with machines.
The Tesla founder fears international competition for AI could lead to World War 3 believing that one of the AI is developed in the technological arms race could actually launch the triggering attack.
If it determines for itself that doing so is the best probable path towards becoming the clear global leader
However, despite his reluctance to get on board with AI in February 2018 musk left open eyes board due to a conflict of interest with Tesla's own autonomous driving AI effort.
Nonetheless he has stated that he will continue to donate to and advise the organization to pre-emptively safeguard the world from the AI threat.
2) Reusable Rockets
If you've been keeping up with what Elon Musk has been doing recently you'll know that on February 6 2018, his aerospace company SpaceX successfully launched his cherry red Tesla Roadster into space.
Of course, it was the Tesla that grabbed the headlines but the real success of the publicity stunt was the partially reusable Falcon Heavy launch vehicle which is essentially three Falcon 9 rockets struck together that successfully landed its two outer stages in beautiful synchronization.
For years SpaceX has been creating reusable booster rockets that once used up can descend to earth in a controlled drop before landing vertically on land or sea ready to be refueled and sent off in another flight.
Typical Rockets break up when re-entering the atmosphere and are therefore very costly to remake time and time again. In fact musk claims that his reusable rockets will make space access a hundred times cheaper and more accessible.
1) Self-driving cars
What comes after electric cars? Self-driving cars of course, Elon Musk has promised the world that a completely automated Tesla will be available by the end of 2018.
Tesla's Model S already includes some self-drive features such as the ability to change lanes automatically if they're spaced and adjust the cruise control speed whenever the car passes a new speed limit sign.
But Musk plans to implement functionality that would allow drivers to do things such as summon their cars from the garage via their phones at least when they're on private property
But how will self-driving cars like Tesla's change the world apart from the ability to nap on the road.
Well thousands of lives would be saved each year. According to a study by the Eno Centre for transportation if about 90 percent of cars on American roads were autonomous, the number of accidents would fall from 5 million a year to 1.3 million.
So that was ten ways Elon Musk is changing the world. Which of these do you think will have the biggest impact on the world.
Let us know in the comments below and if you enjoyed this post.
Thanks for reading this article.
Saturday 21 April 2018
Marketing mistakes that you should avoid.
People initially tend to make many mistakes while marketing. Even I made a lot many mistakes while opting in first time. I’m sharing my tips here, so that you don’t make the same mistake that I made earlier.
Sunday 15 April 2018
Basics of Investing(Part 4)
What is risk? We started this series by asking What Investing Is?
Why you would want to invest in the first place?
