I have been working on my books so I can do taxes. And it takes longer than it should.
…. Well, the truth was I’ve been getting on the March Madness bandwagon. heheh, college basketball in March is super chaotic. My bracket again was busted on the very first day.
Even that, I’ve still manage to make 2 purchases – GE and ENDP
I’m not going to do analysis either one of them. But I know GE is a solid company that is going through some transition period, so the price has been falling, so I’d like to catch it on the way down.
ENDP – I broke my rule again not to buy pharmaceutical company. The stock fall from $100 all the way down to $9.xx, I couldn’t resist. I know it doesn’t sell bad drugs, we are using its products at our hospital. The one thing I probably don’t like is it debts super high compare to ABITA. We’ll have to see if they will be able to ride this waves and get a few of their products approved by the FDA.
Overall, I’m pretty negative about the current market. I feel like there is a 10-30% correct coming:
- With the recent terrorist attack in London that killed 4 and injured 20 others, the Britons has moved forward to activate article 5 and exited out of the Euro to take hold of their border. The conservatives want out. They voted, and that that’s what they are going to go through. With British is out, I can see that Greece would be out sooner also.
- Greece Debts – They can’t cut their spending, the EU hasn’t released their funding. This Greece debt problem will not going away until they separate themselves from the EU, so they can create their own currency again to pay for the outrageous national spending.
- The US economy is not strong as you think, the wages don’t grow as fast as housing price.
- Interest rate is going to go up – this actually hurts businesses (except for the banks)
- Trump Economic Growth plan is a no plan. You can see it clearly he’s not a negotiator when they call the Repeal and Replace ObamaCare off. On the campaign trail, he promised the sky, now he wants to see ObamaCare to fail, then come back to negotiate. Well, apply this to everything else …
- 2008 Crash to 2017 is 9 years, the average correction period is 7-13 years. The market has a run from 15000 to 21000 points, it deems to correct.
For that, any rent money that I’m going to collect, I prefer to leave it in cash and paying debts.
- I went to show my property today and I saw a whole chunk of abandon buildings are turning into business and condos. I’m thinking it’s going to be a buyer market again at some point, as the inventory are going up with those rapidly redevelop buildings.
- Rental market – I probably won’t be able to raise rent after this year, as the competition go up. Older millennial are going to buy their own house, settle down, and have children.
- I probably will not buy anymore property unless there is a deal that is just throwing at me that I couldn’t resist, but right now I have 12 units to manage and my time is valuable. I want to take care of this body. “Money can buy me a good doctor, but can’t buy me good health”. For that, I will always choose my health over anymore business opportunity that requires more time from me.
- It’s been dryer spring that usual where I’m at. There has only been one winter storm, I fear a hot summer coming … diseases may follow, and it could be a stormy summer and fall.
- I remember in 2006, there was a couple of earthquakes in San Francisco, one of my colleague, he went to San Francisco to buy up damaged home for a fraction of the going price. Fixed up and made a fortune.
- I’m looking to buy a small place in Puerto Rico if opportunity arise (this contradict what I said about not buying earlier, but only when there is a price/place that I couldn’t resist). My checklist would be – close to the beach, have snorkeling space, close to all amenities, cheap, cheap cheap…
- 1. Hotel for $750K in Fajardo
- 2. 10 acres in Rincon for $1.2M
- 3. Beat up house in Old San Juan for $50K
- 4. Condo near Condado beach for $60-150K
- I guess, what I mean is being patience, do your research, when opportunity arise, recognize the deal immediately and make the executive decision immediately.
Well, I’ll get back doing my taxes. I might disclose some of the financial piece once I’m done with it. Depend on how I feel about it. LOL 🙂