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What To Make Of Wednesday’s Global Market Sell-Off

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The stock market witnessed a vicious sell-off yesterday. The Dow Jones Industrial Average [DJI] plunged 832 points, with technology stocks at the forefront of this correction.

The Invesco QQQ ETF [QQQ] fell 4.4% while the Technology Select Sector SPDR ETF [XLK] declined 4.9%. The sell-off was similar to the one witnessed earlier this year in February.

However, Jamie Cox from Harris Financial Group is not too concerned. Cox stated, “This was way different than February and March. In February, everything got shellacked. Even banks didn’t get hit that bad today. It wasn’t what you’d expect in a full-blown washout sell-out. To me, that was the most important piece, that this is not going to herald something worse.”

What drove the sell-off

This year has been a rather bumpy ride for investors. Markets have been impacted by escalating trade wars between the United States and China and rising oil prices. Recently, there have been concerns over the upcoming earnings season.

But the primary driver for yesterday’s slump were concerns over the rising FED rates. The 10-year U.S. Treasury yield is close to the 10-year high of 3.2%. Investors are right to skeptical about a rise in interest rates as higher rates tend to restrain economic growth.

FAANG stocks routed

The FAANG stocks, Wall Street winners for several years, lost close to a combined $180B in market value. FAANG is an acronym for internet giants Facebook [FB], Apple [AAPL], Amazon [AMZN], Netflix [NLFX] and Google [GOOG].

Joe Saluzzi from Themis Trading stated, “A lot of the high flyers are the ones that have gotten beat up. The FAANG stocks, the Amazons of the world, they are up ridiculous. Those are momentum-type trades. A little air coming out is a healthy thing as long as fundamentals haven’t changed. I don’t have a problem with that type of sell-off.”

Sell-off picks up speed, impacts global markets

The sell-off was not limited to the United States market alone. According to this Wall Street Journal report, the Stoxx Europe 600 fell 1.8% in early trade while the mayhem in China continued with stocks falling 6%.

Indices in Japan, South Korea, and India were also down in early market trading. Analyst Paras Anand from Fidelity International stated, “The sharp selloff in the U.S. has likely caught no one by surprise. If anything, market participants have been wondering how, in the face of tighter money, a tighter labor market and rising oil prices, the U.S. has continued to be so resilient.”

Earnings season important

The upcoming earnings season is critical for the health of the stock market. Investors are wary about inflation impacting corporate earnings, driven by higher input costs. In case companies can outperform market estimates, we might be in for another short-term bull run that will take indices to record highs by the end of 2018.

Money

Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today

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Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today

Airbnb is a great way to earn money by renting out your home or apartment.

However, did you know that you can also make money by offering experiences on Airbnb? Here are five easy ways to make extra cash today by creating and offering Airbnb experiences.

1. Offer a food tour

If you love food, why not share your passion with others? Create a food tour experience in your city, showcasing the best local cuisine. You can offer a walking tour or a bike tour, and include stops at local markets, restaurants, and cafes. This is a great way to meet new people and earn money at the same time.

2. Teach a skill or hobby

Do you have a skill or hobby that you’re passionate about? Share your knowledge with others by offering an experience on Airbnb. You can teach anything from photography to cooking to yoga. People are always looking for new experiences, and they’re willing to pay for them.

3. Host a cultural event

If you come from a different culture, why not share it with others? Host a cultural event, such as a traditional dance, music, or art class. This is a great way to showcase your culture and make some extra cash.

4. Offer a nature experience

If you live in a beautiful area, offer a nature experience on Airbnb. You can offer a hiking tour, a kayaking trip, or a birdwatching tour. People love to get out into nature, and they’re willing to pay for it.

5. Host a wellness retreat

If you’re passionate about wellness, why not host a retreat? You can offer yoga classes, meditation sessions, and healthy meals. This is a great way to help people relax and recharge, while earning some extra cash.

In conclusion, offering experiences on Airbnb is a great way to make some extra cash. With these five easy ideas, you can get started today.

For more ideas and tips on how to make money, check out this Airbnb guide inside our academy.

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Money

10 Tips for Making More Money with Your Airbnb Listing

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If you’re an Airbnb host looking to increase your revenue, there are several strategies you can implement to make your listing more appealing to potential guests.

Here are 10 tips for making more money with your Airbnb listing:

  1. Set competitive pricing: Research the prices of similar listings in your area to ensure you’re offering a competitive rate. Consider lowering your prices during slow seasons or offering discounts for longer stays.
  2. Offer extra amenities: Providing extra amenities, such as a pool, hot tub, or complimentary breakfast, can make your listing more attractive to guests and justify a higher price.
  3. Invest in high-quality photos: High-quality photos of your space can make a big difference in how many bookings you receive. Consider hiring a professional photographer to capture the best aspects of your listing.
  4. Keep your listing up to date: Make sure your listing accurately reflects the current state of your property. Update your photos, descriptions, and amenities regularly to keep your listing relevant and appealing.
  5. Respond promptly to inquiries: Quick responses to guest inquiries can lead to more bookings and positive reviews. Make sure to check your messages frequently and respond as soon as possible.
  6. Provide excellent customer service: Going above and beyond for your guests can lead to positive reviews and repeat bookings. Make sure to communicate clearly and address any issues promptly.
  7. Offer local recommendations: Providing guests with recommendations for local restaurants, attractions, and activities can enhance their experience and justify a higher price for your listing.
  8. Allow instant bookings: Allowing guests to book instantly can make your listing more appealing to those who need to book at the last minute. However, make sure to set clear guidelines for instant bookings to avoid any issues.
  9. Offer discounts for repeat guests: Offering discounts to guests who have stayed with you in the past can encourage repeat bookings and increase your revenue over time.
  10. Keep your space clean and well-maintained: A clean and well-maintained space can lead to positive reviews and repeat bookings. Make sure to keep your space clean and address any maintenance issues promptly.

Implementing these 10 tips can help you make more money with your Airbnb listing and improve your overall hosting experience. Happy hosting!

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How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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