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Apple enthusiast Rhyne Simpson joins the guys to talk about the company’s latest announcement. New phones get the headlines, but the biggest news may be the advancements in Apple Pay and the guys discuss how these changes may change e-commerce. Plus the guys talk investment strategy and take a couple of listener calls.
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Instead of investing in Apple at a high share price, invest in the smaller companies who’s tech is implemented in the devices. Also, the majority of Apple’s profits comes from one product (iPhones) it’s not a good long term play anymore unless they can diversify revenue streams on products. Invest in water, Tencent, Shopify, and stocks outside of US markets to completely diversify. Even if you have a diverse portfolio of holdings, if they are all in the US, that’s still having all your eggs on the same truck rather than the same basket
In terms of mobile payments being the future of commerce and transactioning since it will most likely replace cash and even credit/debit cards, invest in IPAY which is an index fund that holds all of the major credit card companies who have implemented mobile payment options. This allows you to own more shares at a lower price as opposed to buying individual company shares at a higher share price
I’ll explain further, I’m typically not a fan of investing in individual credit card corporations but with the IPAY index, you can invest early in a technology that hasn’t fully caught on yet. Mobile payments will provide anonymity on transactions via a block chain influenced method (almost like Bitcoin) but with the use of “tokenization” which is a temporary transaction token ID that doesn’t reveal the typical payment information that most transactions require. Companies like Apple, (alphabet) Android, and Samsung provide the mobile payment ecosystems but those payment methods such as Apple Pay still require a legitimate credit card/debit card tied to it. This brings us back to IPAY which will see large growth once these mobile payment ecosystems and payment methods catch on more. You would be able to leave your credit cards and debit cards and even your cash at home without risking ID theft and phishing scams or even physical robbery because none of that personal information is required to be shared due to the tokenization. Mobile payments are quickly becoming the future of commerce no matter where you are.