With all this news going around about our economy here in the USA about inflation, interest rates through the roof, unemployment is down and growth is up 4%. Who do we believe now. I have been around long enough to really know that really, nobody is sure of what is coming up for us for the next three or 12 months. All we have is guesses. Which brings me back to my lovely blog. My financial personal blog that I use to get some steam off and just type or should we say write. If you come here to read my craziness, then good luck to you. Hope you enjoy it.
What Have I Done
The last few months I have not written anything here. Yes, oftentimes I get busy with all the things that I have to do. From driving around my son to a soccer or lacrosse game to taking my daughter to a play date. Yes, my beautiful wife does most of these things but I often like to see my kids have fun. Really, there is no price in that.
Okay. What am I up to now.
As you all know, or maybe not, I ended up getting my real estate license. I do not do a lot of real estate business for clients because the weekends are for me and my family. I got the license for my own goals. My goal is to build a portfolio of properties so I can generate as much as I can from passive income. I already have a nice portfolio that consists of residential and a couple of commercial properties. If you do not own a real estate property, not even your own place where you live, you are missing out.
Anyway, it has been good. I love getting those checks, well Zelle, at the beginning of the months from my tenants. The residential tenants as the commercial tenants are very punctual and pay me on time.
Diversification of my assets
Real estate now makes up close to 30% of my portfolio. I am hoping to increase this percentage to 50%. Why? Well there are lots of benefits, tax benefits when you own real estate. Why do you think President Donald Trump (who is loud about it) paid little in taxes. Many millionaires and billionaires use these same techniques to increase their wealth and lower their income tax liability. They are, however, less vocal and just stay below the radar. No noise. I like that technique and in fact, I also keep my mouth shut around my friends and family. Except here, but on this blog is to help you, you who I do not know personally and do not know where you live. You could be here in the USA, Belgium, Sri Lanka or Honduras. Who cares. As long as you better yourself from reading my not so perfect blog.
Stock Market
The stock market has recovered much since 2022, but now we are starting to see it go down. Either way, I continue to inject money in the stock market. It gets it away from my liquid accounts (cash) so I do not spend it. I suggest you do the same thing. Stop listening to all the negative news about the stock market, real estate or whatever, just stay disciplined and keep on investing. It can even be a business.
T Bills
I did moved from buying bonds to treasury bills, or t-bills as they are called. I have them expiring every 3 months. Getting around 5% right now. Can’t beat that for sure. Now, I do not put all of my monthly investment savings in t-bills. Only a small percentage. The key is to stay informed and move your money around.
Stay Posivitive
That is all for now. Short post/blog, I know. I just wanted to write something quickly so you all don’t think I have forgotten about this blog site and dissapeared.
Take care!
The Economy Chief