You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
@Alfonso- You do a great job asking pertinent questions of your guests. Not every YouToober has this quality. Most just want to talk & tell people what they know & get the guest to agree with them.
Another great interview. The interview with Viktor Shvets is also fantastic. Keep up the good work Alf. I very much appreciate your focus on education and your communication style i.e. paraphrasing/clarifying the key points at each segment of the conversation.
Great interview. I don't think the market has priced in the effect of QT. Not too many people understand this. I look at the housing this way. If we're wrong, the upside potential from here is slim to none. If we're right, the downside potential is much greater. So as an investor/speculator, it's no brainer if you have enough cash to wait out.
11:20 There’s a big difference between using 5x leverage in stocks vs real estate. Leverage for stocks is usually done using a margin account which is marked to market constantly so you can get liquidated on a dip that lasts just a single day.
one aspect which is not considered here regarding corporates getting squeezed from higher rates when rolling over existing debt : is that corporates can pre-issuance hedge in several ways or diversify interest rate risk of a bond emission date by using interest rate swaps.
Fwiw, seeing with low interests rates in the last decade how corporations were doing more buyback then actually invest in capex, it won’t change much with higher interest rates beside lower stock prices . At least main stream will regain some purchasing power and free risk investing again …
Where is the supply going to come from? Homebuilders stocks not performing, so do you think they're building spec houses. Do retired boomers want to move into the COVID petri dishes called retirement homes? Where will the supply come to bring down prices? Millennials are forming family's, and they don't want to raise kids in an apartment building.
I’m sure Alf has a better answer than I do; but my initial reaction is to sell bonds and REITs as a simple way to short housing. Or buy home improvement businesses since folks tend to work on heir homes when they’re not shopping for new ones
Good interview. He sort of lost me when he mentioned multifamily homes. If we are assuming demographics/population will shrink within the next 10-20 years and work force participation stagnates who will demand to live in all those buildings when the big build apts are still there for cheap!
We will never go back to a boom in the property market! Not sure why you guys debate or talk so much! It's a given/...Who can or who wants to borrow so much when wage growth is looking stunted. and with AI and robotics coming into the picture, real wage growth is not happening....Property market will have to correct very steeply and sharply - at least 40-60% and it will stay there forever or go down further.
Lack of supply isn't some "boxes on the shelf" phenomenon, though. Zero rate policy vs yieldless bond market is what incentivized trillions into RE. When you reverse that, you'll see the supply issue reverse.
You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
can you endorse any ?
TERESA JENSEN WHITE does a perfect job. look her up on the web
thanks a lot . Found her website and it really impressive
@Alfonso- You do a great job asking pertinent questions of your guests. Not every YouToober has this quality. Most just want to talk & tell people what they know & get the guest to agree with them.
You guys have the best content even though I don't understand half of it.
Finally someone calling out the growing economy and pointing out the diminishing effects of debt.
Another great interview. The interview with Viktor Shvets is also fantastic. Keep up the good work Alf. I very much appreciate your focus on education and your communication style i.e. paraphrasing/clarifying the key points at each segment of the conversation.
Great interview thanks Alf and Eric thank you. I have been following Eric’s views for a while now and consider him to be a GREAT macro economist
Great episode! Love what you guys are doing. Thanks for the consistent fantastic content.
Great conversation! Superb and informative insights!
Great interview. I don't think the market has priced in the effect of QT. Not too many people understand this. I look at the housing this way. If we're wrong, the upside potential from here is slim to none. If we're right, the downside potential is much greater. So as an investor/speculator, it's no brainer if you have enough cash to wait out.
Thank you for sharing👍
Excellent video very informative, Thanks!!!
11:20 There’s a big difference between using 5x leverage in stocks vs real estate. Leverage for stocks is usually done using a margin account which is marked to market constantly so you can get liquidated on a dip that lasts just a single day.
Great interview, quick question around getting data from the housing market?
Great Interview, thanks!
Great discussion!!
14:40 thank you! People haven’t noticed this yet.
one aspect which is not considered here regarding corporates getting squeezed from higher rates when rolling over existing debt : is that corporates can pre-issuance hedge in several ways or diversify interest rate risk of a bond emission date by using interest rate swaps.
Great interview Alf. You rule!
Erik speaks of things that Dr Lacy Hunt speaks of
Domino effect explained very well. Hope inflation rolls over.
great thank you
WE NEED MORE MIKE GREEN!!!!!!!!!!!!!!
Still watching Frank G Melbourne Australia 🇦🇺 ❤️
15:20 or just read Bastiat’s What is Seen and What is Not Seen. Hazlitt's book was based on Bastiat’s work.
Thank you
I plan to buy this book
Fwiw, seeing with low interests rates in the last decade how corporations were doing more buyback then actually invest in capex, it won’t change much with higher interest rates beside lower stock prices .
At least main stream will regain some purchasing power and free risk investing again …
Alf is superb... even when i totally disagree with him 😀
So not a good time to start a house building business?
Alf your audio quality is not so good...
The biggest factor in this current housing bubble is the amount of fomo by real estate investors.
Where is the supply going to come from? Homebuilders stocks not performing, so do you think they're building spec houses. Do retired boomers want to move into the COVID petri dishes called retirement homes? Where will the supply come to bring down prices? Millennials are forming family's, and they don't want to raise kids in an apartment building.
Hoses are overvalued! Period!
Is there a way of shorting the housing market Alfonso?
I’m sure Alf has a better answer than I do; but my initial reaction is to sell bonds and REITs as a simple way to short housing. Or buy home improvement businesses since folks tend to work on heir homes when they’re not shopping for new ones
get into cash and get ready to buy low. you can also short a home builders etf. ITB already down significantly ytd.
@@drewsmith8910 I'm not a big fan of having cash in a bank to be honest so that could be difficult
Good interview. He sort of lost me when he mentioned multifamily homes. If we are assuming demographics/population will shrink within the next 10-20 years and work force participation stagnates who will demand to live in all those buildings when the big build apts are still there for cheap!
Larry Fink isn't taking interview questions at the present time.
Shortest 50 on record!
Grazie Alfonso
Will politicians allow this on their watch?
Why have so many spoken as if the recession were a possibility. It’s a sure thing unless govt further kicks the can down the road.
Because unemployment is under 5%, if people are working why sell
@@mikeystepback8639 That's a very one dimensional perspective
With high inflation it makes it harder to “kick the can down the road”.
@@accountname1047 its the simplest way for lets go brandon to understand
...
This conversation omits political factors, unfortunately.
Will politicians allow this to happen on their watch?
We will never go back to a boom in the property market! Not sure why you guys debate or talk so much! It's a given/...Who can or who wants to borrow so much when wage growth is looking stunted. and with AI and robotics coming into the picture, real wage growth is not happening....Property market will have to correct very steeply and sharply - at least 40-60% and it will stay there forever or go down further.
Decline in purchase applications because LACK OF SUPPLY!!!!!
Nobody can figure this out... LOL
Lack of supply isn't some "boxes on the shelf" phenomenon, though. Zero rate policy vs yieldless bond market is what incentivized trillions into RE. When you reverse that, you'll see the supply issue reverse.