- Forgetting which email is listed as the owner
- Indecisiveness on whether to renew the domain name or not
- Ignoring the notification email from the registrar
- Missing out (due to the spam box or other reasons) on the registrar notification email
- Person that was responsible (and his email) left the company
- Domain owner doesn’t control the email listed as the owner
- Domain owner forgets completely that he owns the domain (could be he/she registered with a registrar he/she doesn’t usually use)
- Owner forgot to renew the domain where his email was on (the email can’t work without the original domain name)
- Owner forgets to set up email forwarding from “email on WHOIS” to “email he/she reads”
- Domain owner doesn’t have an “auto-renew” option on the domain name
- Credit card on file is expired, so the “auto-renew” never takes place
Another great way of decreasing the chances of domain expiration is by registering the domain name for the next ten years. If you are serious about your business $100 shouldn’t pose a great expense, and the risk is reduced significantly in the next 10 years.
It’s no surprise I am interested in four letter .com domains. Compared to three letter .com domains, they are like the silver (trading mostly in low hundreds). The three letter .com domains would then be like the gold, trading in low to mid five figures.
So that got me thinking, how does real gold work? Why some of greatest financial minds advise investing in gold? Last year I read Tony Robbins, Money: Master the Game where Ray Dalio shared his formula for accumulating wealth, known as the all seasons strategy.
Among other things, gold was in his portfolio and he also explained how 50% stocks and 50% bonds isn’t necessarily the right asset allocation. Why? Because history has shown that stocks handle 95% of the risk and bonds only 5%. So the percentages should be different, and there should be some gold in there. Why? I’ll give you sneak peak on one of my takeaways, since the US Dollar is off the gold standard, price of gold per ounce went up 3000% since 1971.
Anyway, I thought to myself… Gold, that sounds easy, it’s a simple chemical element. Hence James Rickards, The New Case for Gold and my 5 takeaways after listening to this audiobook.
As for the recording itself, I was in Crikvenica and my microphone died after barely few months and 10 videos… I recorded this video without the microphone, what can I say, show must go on.