A quick list of some of the most important events in my life
October - Born in NE moved to FL moved to NE moved to MN moved to NE
1987 October - The Fed creates a ongoing state of "moral hazard" in the stock market
1989 December - My family moves from NE to CA
1991 ???? - I read The Great Gatsby
1992 ???? - First permanent job, from this point forward I have always been employed
1995 ???? - At age 18 I move out, I have 3 jobs, working 60 hours week going to college full time.
1999 August - Laid off (because I automated myself and others out of a job and my company was losing business as it's clients dialed back spending) many companies doing layoffs make it hard to find work but I do.
1999 ???? - I move from CA to MI w/grandparents, for lower cost of living & education
2000 February - Alan G. aggressively raises interest rates which will lead to massive unemployment where I'm live in Bay area, CA, only 48% of dot.com companies will survive while the rest will have massive layoffs.
2000 April - NASDAQ Declines 25% in one week
2000 December - Alan G. aggressively lowers interest rates -5.5% over the next 1 year which will lead to home ownership being easy and affordable (in the future).
2001 March - Begin "Official" Dot Com Recession
2001 November - End "Official" Dot Com Recession, but the NASDAQ wont stop falling for the next 11 months
2002 October - The NASDAQ-100 had dropped to down -78% from its peak 30 months prior
2003 December - We got him, Saddam Hussein! I leave college to celebrate. (no jobs in CA, so I stay in MI)
2004 June - Alan G. aggressively raises interest rates +4.25% over the next 2 years which will lead to ARM's no longer being affordable and the "Great Recession"
2004 April - I replace my grandparents roof, as a thank you.
2006 September - Move from MI to CA to find better jobs and more money
2007 July - Ben B. aggressively lowers interest rates -5.25% in 1.5 years which will lead to the longest bull market in history
2007 December - Begin "Great Recession" Many homeowners cant pay their loans so we bailout the banks and let people become homeless.
2009 April - Laid off
2009 June - End "Great Recession" in the end only 10,000,000 (10 Million) people lose their homes and only $16,000,000,000,000 ($16 Trillion) in personal net worth is lost forever, so we give all bank CEOs a "get out of jail free" card and huge stock bonuses as a: "thank you sir may I have another." This begins the longest economic expansion in history that is the same time the slowest recovery in history. With record levels of homelessness in California even 10 years after the end of the recession.
2009 July - I paid off all my credit cards
2010 March - I invested in a "Live and Flip" (I rented the spare bedroom to help with payments)
2010 March - My passive income $800 (1 source, rent master bedroom)
2015 February - I paid off all my college loans early
2015 July - My girlfriend buys a condo rental (to live in and reno before renting out)
2015 September - I invested in my first rental a duplex
2015 October - I invested in my second rental a duplex
2015 December - Janet Y. raises interest rates 1.4% over 2 years, Finally the Fed stopped being so dam aggressive, the bull run can continue.
2016 April - I invested in a 24 unit apartment complex
2016 March - I sold my Live and Flip after 6 years
2016 May - I invested in my first mortgage
2016 June - I started investing in LendingClub, click for LendingClub sign up bonus
2016 July - I invested in a business loan
2016 July - My passive income over $1,000 for first time (5 sources)
2016 July - I invested in 15 (single family) rentals
2016 October - I get engaged
2017 May - I started investing in Peerstreet, click for PeerStreet sign up bonus
2017 May - I started investing in Groundfloor, click for Groundfloor sign up bonus
2017 October - My passive income over $2,000 for first time (7 sources)
2017 November - I marry into a wealthy family at the Winchester mansion
2018 January - Jerome P. aggressively raises interest rates 1% over the next 1 year will which lead to Jerome P. backing off because he knows how bad it got in 2000 and in 2004. While the rest of the world is starting a new recession, Japan and Germany experiment with negative rates, cat are marrying dogs, the US is trending relatively flat for a year and a half.
2018 January - Begin Trade war with China
2018 June - Our passive income over $3,000 for first time (7 sources)
2018 June - We sold the 24 unit apartment complex after 2 years
2019 January - Our passive income over $4,000 for first time (7 sources)
2019 May - We started investing in M1 Finance, click for M1 Finance sign up bonus
2019 June - Currently 8 sources of income
2020 February - Coronavirus Correction
October - Born in NE moved to FL moved to NE moved to MN moved to NE
1987 October - The Fed creates a ongoing state of "moral hazard" in the stock market
1989 December - My family moves from NE to CA
1991 ???? - I read The Great Gatsby
1992 ???? - First permanent job, from this point forward I have always been employed
1995 ???? - At age 18 I move out, I have 3 jobs, working 60 hours week going to college full time.
1999 August - Laid off (because I automated myself and others out of a job and my company was losing business as it's clients dialed back spending) many companies doing layoffs make it hard to find work but I do.
1999 ???? - I move from CA to MI w/grandparents, for lower cost of living & education
2000 February - Alan G. aggressively raises interest rates which will lead to massive unemployment where I'm live in Bay area, CA, only 48% of dot.com companies will survive while the rest will have massive layoffs.
2000 April - NASDAQ Declines 25% in one week
2000 December - Alan G. aggressively lowers interest rates -5.5% over the next 1 year which will lead to home ownership being easy and affordable (in the future).
2001 March - Begin "Official" Dot Com Recession
2001 November - End "Official" Dot Com Recession, but the NASDAQ wont stop falling for the next 11 months
2002 October - The NASDAQ-100 had dropped to down -78% from its peak 30 months prior
2003 December - We got him, Saddam Hussein! I leave college to celebrate. (no jobs in CA, so I stay in MI)
2004 June - Alan G. aggressively raises interest rates +4.25% over the next 2 years which will lead to ARM's no longer being affordable and the "Great Recession"
2004 April - I replace my grandparents roof, as a thank you.
2006 September - Move from MI to CA to find better jobs and more money
2007 July - Ben B. aggressively lowers interest rates -5.25% in 1.5 years which will lead to the longest bull market in history
2007 December - Begin "Great Recession" Many homeowners cant pay their loans so we bailout the banks and let people become homeless.
2009 April - Laid off
2009 June - End "Great Recession" in the end only 10,000,000 (10 Million) people lose their homes and only $16,000,000,000,000 ($16 Trillion) in personal net worth is lost forever, so we give all bank CEOs a "get out of jail free" card and huge stock bonuses as a: "thank you sir may I have another." This begins the longest economic expansion in history that is the same time the slowest recovery in history. With record levels of homelessness in California even 10 years after the end of the recession.
2009 July - I paid off all my credit cards
2010 March - I invested in a "Live and Flip" (I rented the spare bedroom to help with payments)
2010 March - My passive income $800 (1 source, rent master bedroom)
2015 February - I paid off all my college loans early
2015 July - My girlfriend buys a condo rental (to live in and reno before renting out)
2015 September - I invested in my first rental a duplex
2015 October - I invested in my second rental a duplex
2015 December - Janet Y. raises interest rates 1.4% over 2 years, Finally the Fed stopped being so dam aggressive, the bull run can continue.
2016 April - I invested in a 24 unit apartment complex
2016 March - I sold my Live and Flip after 6 years
2016 May - I invested in my first mortgage
2016 June - I started investing in LendingClub, click for LendingClub sign up bonus
2016 July - I invested in a business loan
2016 July - My passive income over $1,000 for first time (5 sources)
2016 July - I invested in 15 (single family) rentals
2016 October - I get engaged
2017 May - I started investing in Peerstreet, click for PeerStreet sign up bonus
2017 May - I started investing in Groundfloor, click for Groundfloor sign up bonus
2017 October - My passive income over $2,000 for first time (7 sources)
2017 November - I marry into a wealthy family at the Winchester mansion
2018 January - Jerome P. aggressively raises interest rates 1% over the next 1 year will which lead to Jerome P. backing off because he knows how bad it got in 2000 and in 2004. While the rest of the world is starting a new recession, Japan and Germany experiment with negative rates, cat are marrying dogs, the US is trending relatively flat for a year and a half.
2018 January - Begin Trade war with China
2018 June - Our passive income over $3,000 for first time (7 sources)
2018 June - We sold the 24 unit apartment complex after 2 years
2019 January - Our passive income over $4,000 for first time (7 sources)
2019 May - We started investing in M1 Finance, click for M1 Finance sign up bonus
2019 June - Currently 8 sources of income
2020 February - Coronavirus Correction
2020 March - Atlas Shrugged begins
2020 March - Jerome P. sets interest rates to ZERO from 1.75%, because why?
2020 March - Jerome P. Starts printing money like wallpaper, claiming there is a dollar shortage, turns out much of those dollars end up in international markets
2020 March - Jerome P. Starts alphabet soup CPFF, PDCF, MMLF, PMCCF, SMCCF, TALF, PPPLF, and a bunch more I'm sure, resulting in multi-Trillion bailout for international Companies and Banks
2020 March - Jerome P. Announces unlimited QE, because why?
2020 March - Cares Act
2020 March - Stimulus
2020 March - Begin Directive 10-289, Landlords are made to serve the public good
2020 May - Started investing in Crypto With Robinhood, click for Robinhood sign up bonus
2020 ???? - We sell our condo (live and flip) after 5 years
2020 ???? - We sell our condo (live and flip) after 5 years
Someone once said: "All recessions are caused by a crisis of debt" I can't remember who or his exact wording so please comment if you know the answer. But once you think about it, it really does fit at every level: personally, in business, nationally and globally. The short answer is don't borrow or lend more money than you can afford and you'll never have to "sell everything you own". Just because someone will borrow or lend money doesnt mean its a good idea.
Someone once said: "you don't understand when the recession comes everyone will have to sell everything brother" https://www.youtube.com/watch?v=ITj9C4FvquQ
Aggressively, definition: in a determined and forceful way. To me a 1/4% or more every quarter is too aggressive for normal market movements. Sometimes you need to be aggressive like if there is a crash, or if you you "needlessly" raise rates too aggressively, I would argue it is now ok to aggressively lower rates to make up for your mistake.
No comments:
Post a Comment