Inventor or Investor

After researching and studying some of the great business leaders and entrepreneurs, I have picked up a pattern from the data gathered. Most of the great ones are either inventors, investors and/or imitators. Elon Musk invented his own rockets to create SpaceX which will probably make him the first trillionaire. This involved imitating and learning from the mistakes of past aerospace engineers. Warren Buffett invested in Coca Cola and Apple Inc. which made him one of the richest men in the world. At one point, Warren Buffett was the richest man in the world. This involved imitating and learning from the mistakes of past financiers such as Benjamin Graham. This means that you either become good at science and engineering or learn finance and marketing to become a great business leader. For some, it is important to learn both which is easily done through imitation. In the USA, Silicon Valley is the hub for science and engineering inventors while Wall Street is the hub for finance and marketing investors. So my advice is to become an inventor, an investor and/or an imitator if you want to be an entrepreneur.

Medical Laboratories have started to adopt the principles of inventing, investing, and/or imitating in order to become large conglomerates. This is the formula for having the greatest impact on society via innovation and investments. In Jamaica, most inventors use the services of the Scientific Research Council while investors use the services of the Jamaica Stock Exchange. Medical Laboratories are now becoming technology and asset management giants. On March 8, 1994, National Health Laboratories Inc. reorganized as a holding company called National Health Laboratories Holdings Inc. which merged with Roche in 1995 to form LabCorp. Be the change you want to see!

JAM-DEX for Healthcare

This is not about cryptocurrency or non-fungible tokens. It is about the information age. Money is an information system. Your finances is simply a data entry into a database. Banks will now operate as data centers which will be monitored by data scientists. Health financing will have to adopt to this new norm. This means that health insurance will become a large information system. JAM-DEX is the birth of digital currencies and infonomics in Jamaica. 

Medical Laboratories cannot escape the financial system. Whether it is mobile payments such as Lynk or digital currencies such as JAM-DEX all Medical Laboratories will have to adopt. If medical payments are more digital then healthcare will slowly become digital. The new age of artificial intelligence, cryptocurrencies and the metaverse will change healthcare forever. Adopt now or become extinct.

$1 USD Pharma Stocks

Investing in US equities is key to diversifying your asset portfolio. In the midst of the COVID-19 pandemic many investors have shown increased interest in pharmaceutical shares. There are three pharma companies whose share prices are less than or a little over one(1) United States Dollar (USD). They are Agile Therapeutics, Neoleukin Therapeutics and Leap Therapeutics which are all listed on the NASDAQ. These companies have some of the cheapest stock prices for pharmaceutical companies in the United States. Based on your investment strategy, and after doing thorough research, one of these cheap stocks may be where you can start your journey of buying shares in pharmaceutical companies. Most individual investors cannot afford expensive shares such as that of Berkshire Hathaway and opt for cheaper shares or fractional shares. Online trading platforms now give everyday stock market investors the option of owning fractional shares which became more popular since the COVID-19 pandemic. This is levelling the playing field so that everyone can get a chance of being part of investing on stock exchanges regardless of how much money they have. For as low as $1 USD, you can own shares in a pharma company.

Cheap stocks are not always the best to own, however, it is a place to start as a learning tool for the everyday investor. If not, you can opt for fractional shares which would allow you to own 0.01% of a BRK-A share for $4218 USD. Medical Laboratories will become some of the largest publicly-listed companies in the future when DNA starts to replace software as the most popular product on planet Earth.

Disclaimer: This information should not be taken as investment advice. Please contact your licensed investment advisor before making any investment decision. 

Investing in Pharmaceuticals

Investing is very risky. Hence, it is important to do thorough research of the companies that you are investing in. The share price of Berkshire Hathaway is currently the most expensive in the world due to the fact that this holding company is the brainchild of Warren Buffett who is the godfather of modern day investing. After looking at the assets owned by Berkshire Hathaway, it is evident that since the COVID-19 pandemic they have invested more in pharmaceuticals. Pharmaceutical companies such as Pfizer, Merck, Teva, Bristol-Myers-Squibb, and Abbvie Inc. are some examples of assets that are owned by Berkshire Hathaway.

It is without a doubt that a healthcare boom is coming as predicted by Michael Lee-Chin in a strategic initiative letter in 2021. More investors such as Warren Buffett are starting to research pharmaceutical companies to see which one will be the best to invest in. That pharmaceutical company will probably have the next great medical breakthrough in genetics. Medical Laboratories will be some of the largest publicly-listed companies in the future since DNA will replace software as the most popular product on planet Earth. On the Jamaica Stock Exchange there are pharmaceutical companies such as Fontana, Medical Disposables and Indies Pharma that you can invest in. 

Disclaimer: This information should not be taken as investment advice. Please contact your licensed investment advisor before making any investment decision.