- More Gold (and Silver)
- I had 7% of my paper assets in Gold and Silver stocks before the Chinese Virus, I really wish It had been higher. When the crash happened I was in the process of increasing its allocation. My allocation was at 5% and I was increasing it weekly at the time.
- Crypto Ready
- I had been planning to start buying BTC Bitcoin and ETH Ethereum to make up around 1% of my paper assets. I wasn't ready with a crypto account during the Wu Flu. Had I been ready I could have nabbed some coin at a much lower basis than I currently have.
- Wrote more
- I had a massive amount of traffic to my blog on older articles during the Cervesa Sickness, I had lot of commentary on current events that I could put out.
- Not Fight The Fed
- So many people say it, but to know how to do it is another thing. I don't think anyone would have guessed that the Fed would do what it has done. I personally sold out of multiple investments that I didn't like the risk levels based on what I knew at the time, some at a gain and other at a loss. I was disappointed to see the Fed then bailout those investments and have large gains occurs after I exited.
- There are no rules, don't expect anyone else to follow rules
- I assumed everyone would play by the rules of the past, I was wrong. Going forward expect anything is possible.
- examples:
- Usually the markets crash then the Fed takes action
- The Fed took action, the the markets crashed
- The Fed buying bonds
- I sold out of muni bonds on news of risk, Fed bought up muni bonds like an addict.
- Rent holiday for everyone
- So if you lose your job you get stimulus checks, unemployment money, and Cares Act money, but don't worry you don't have to pay your rent either.
- This indicates a new and very large amount of systematic risk in being a landlord.
- Mortgage holiday is not for everyone
- If you are a landlord its more than likely that your not qualified for a Mortgage holiday, it obviously depends on your actual loan but most of the fine print I read said only for primary residents.
- This indicates a new and very large amount of systematic risk in being a landlord.
- A general call to action or apathy that would disadvantage landlords going forward:
- Government-imposed eviction moratoriums
- Rent strikes
- No public empathy to landlords not qualifying for government programs
- Grants
- Loans
- Mortgage forbearance
- No explicit program for the purpose of helping landlords
- The Fed buying Companies
- The Fed is now investing in Corporate Bonds, one step closer to Japan
- The Fed is printing wallpaper
- lol
- QE infinity
- lol
Do less, make more (Passive Income, Cashflow, Financial Independence, Retire Early, Dividends, Reits, Real Estate)
What I wished I had done before the Covid Crash
A quick wish list of things I should have done before and during the Covid Crash
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