The broader markets witnessed a correction in Oct. 2018. The S&P 500 [SPY] ETF dropped close to 8% last month. The tech sector led the sell-off as investors were worried that companies were overvalued.
The FAANG (Facebook [FB], Apple [AAPL], Amazon [AMZN], Netflix [NFLX] and Google [GOOG]) stocks lost billions and took quite a beating last month. They fell 13.5% in Oct.
Investors are now paying attention to fundamentals in an uncertain macro environment driven by rising interest rates and the trade wars between China and the United States. Amazon and Netflix have been pummeled as Wall Street would like profits to improve in line with revenue expansion. The short sellers, though, had a ball.
According to the head investor at U.S. Global Investors, Michael Matousek, āAfterĀ Amazonās report, people started asking why they should pay 90 times earnings for 30% growth. They just started selling and selling, and that caused the stock to break under key levels that had been holding and keeping people interested.ā
Have FAANGs bottomed out?
The FAANG stocks collectively gained $110B on Oct.31, their best performance in over 3 years. Netflix and Amazon led gains and rose 6.4% and 4.3% respectively. The future earnings and quarterly results remain critical for these stocks going forward.
Amazon faced the wrath of investors as it missed revenue forecasts while Facebook recovered on better than estimated earnings. Apple will be banking on its new devices and services business to drive revenue growth and Netflix on international expansion.
It is difficult to gauge if FAANGs have indeed bottomed out and will move to all-time highs over the next year.Ā Or it may very wellĀ be that the party is over? There are too many uncertainties impacting the markets now.
Analysts estimates
Analysts though are still bullish on FAANGs. They have a 12-month target price of $239.75 for Apple, implying an upside potential of 9.5%. Similarly, shares of Facebook, Amazon, Netflix, and Google are trading 30%, 34%, 32% and 24% respectively below their target price estimates.
I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.
Iām interviewing a tax expert about how real estate investors avoid paying taxesin perpetuityāAND how everyday citizens can do the same thing.
(Real estateāour TEMPLE I and TEMPLE II projects includedāhas a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)
Thereās the 1031 exchange, of course, which Iāve 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 FREEāas long as said property is worth the same or more.
But thereās ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.
PS: In our next update, Iām going to break down how real estate moguls get paid from their propertiesā¦tax free. š 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.
If thereās anything the pandemic taught us, itās that the paradigm of āofficeā and āworkspaceā has been shaken to its CORE.
Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run fromā¦wherever. š²
This is my office for the dayā¦
I am actually running our business from the beach, typing this from here.
Itās 4:28 pm CET, which means itās 10:28 am EST and I am CRUSHING my to-do list.
(And the team will continue to crush it while Iām asleep. Thatās the š)
Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.
This means we get 3x the productivity of a similar company. š„
Let me repeat thatā¦3x PRODUCTIVITY vs. our competitors.
Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.
There is ALWAYS someone senior awake. It could be Martin in Barcelonaā¦Nat in New Yorkā¦Vineet & Arif in New Delhi.
Well, the first step is to have an actual side hustle youāre launching. Not just an idea, a validated business.
MAJOR KEY: Do NOT spend money until youāve made your FIRST DOLLAR! šššš
(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)
One of the easiest ways to start is with Airbnbāyou can start that in 10 minutes. Literally. (Hereās a guide if you need it.)
Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.
Iām gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. šµ š
From what software to use, how to build a team, how to keep.
In the meantime, drop a comment if youāre ready to build some wealth and any questions if you want moreā¦
Letās get to work. š
PS: If you canāt be bothered with video and just wanna get to work, weāre hosting a TRIBE U workshopthat will help you get this process started on the spot. Itās $479 $49. š„
But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.
Warning: count(): Parameter must be an array or an object that implements Countable in /homepages/28/d742565295/htdocs/clickandbuilds/WealthLab/wp-content/themes/zox-news-child/single.php on line 683
You must be logged in to post a comment Login