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

  1. More Gold (and Silver)
    1. 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.
  2.  Crypto Ready
    1. 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. 
  3. Wrote more
    1. 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.
  4. Not Fight The Fed
    1. 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.  
  5. There are no rules, don't expect anyone else to follow rules
    1. I assumed everyone would play by the rules of the past, I was wrong. Going forward expect anything is possible.
    2. examples:
      1. Usually the markets crash then the Fed takes action
        1. The Fed took action, the the markets crashed
      2. The Fed buying bonds
        1. I sold out of muni bonds on news of risk, Fed bought up muni bonds like an addict. 
      3. Rent holiday for everyone
        1. 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.
        2. This indicates a new and very large amount of systematic risk in being a landlord. 
      4. Mortgage holiday is not for everyone
        1. 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.
        2. This indicates a new and very large amount of systematic risk in being a landlord. 
      5. A general call to action or apathy that would disadvantage landlords going forward:
        1. Government-imposed eviction moratoriums 
        2. Rent strikes 
        3. No public empathy to landlords not qualifying for government programs
          1. Grants
          2. Loans
          3. Mortgage forbearance
        4. No explicit program for the purpose of helping landlords 
      6. The Fed buying Companies 
        1. The Fed is now investing in Corporate Bonds, one step closer to Japan 
      7. The Fed is printing wallpaper 
        1. lol
      8. QE infinity
        1. lol






No comments:

Post a Comment

Popular Posts