Digital Wednesday – 1pm EDT Coach Ben Mathiswalks you through how he and his Team conducted a virtual buyer seminar with 200+ attendees, and 60+ raised their hands to speak with a buyers’ agent and/or lender.Live Music Thursday – 5pm EDT John Brewster brings his musical talents back to the MEC (virtual) stage to perform cover tunes and original hits.
Thought Leader Friday – 12noon EDT Jenny Wemert shares how she, and Wemert Group Realty, are prepared to Thrive through changing market conditions. In 2019, Wemert Group Realty sold $265M in sales volume and finished #34 in transaction sides in the U.S. according to REALTrends.
How much money would you have right now if you were given the ability to unwind any financial decision you have ever made?
In turns out the key to getting rich (and staying that way) is to avoid doing stupid things. The vast majority of dumb tax in our lives is a direct result of 3 things:
Generalizations (which kill clarity)
Obsessing About Oz (instead of the yellow brick road)
Faulty Assumptions (ignoring risk)
Operators react and sweat. Owners think and plan. It all hinges on Think Time. – Keith Cunningham
Should I Avoid the Stock Market? S&P 500 5yr Trends
We’re fans of minimizing down-side risk, while maximizing upside potential. The concept, is outlined well in Mohnish Pabrai’s beautifully simple read, The Dhando Investor.
How does one do that? I’ll illustrate through the lens of bacon. I love bacon, likely to a fault. I’ve described a particular bacon as being life-changing. See: [Bill-E’s Small Batch Bacon (no relation).]When I was vegan for over a year, it was ultimately bacon that brought me back to the dark side. I know the type(s) of bacon I like… thick cut, no nitrates added, hickory smoked (or applewood if I’m feeling frisky). I know the price of the various brands I like. So, when it goes on sale, I’m confident that it’s on sale. When I buy, I buy with conviction… I buy both for the bacon itself, and for the price relative to its typical value. In fact, I bought an additional freezer for the garage to house my stockpile of bacon (along with other items for when they go on sale).
Timing the bottom (or the top) of any market is impossible. However, when you know the product… whether its Real Estate, Stocks, or Bacon… you can then buy with conviction. That’s investing with minimal down side. Happy hunting!