hello snowshoe, i must confess that i have not been paying much attention, perhaps 5% of my normal, to the financial market place, as i had been engaged in a battle for life against death of my very own, struggling to gain control of something distressingly worthwhile and potentially valuable.
i now have control, pending obligatory and for sure but never-the-less necessary officialdom recognition here in hk, and am concentrating on business plans, staff stabilization, and such, else CobaltBlue will accuse me of not being an entrepreneur.
i have lost track, but somewhere between 60-80% of my nav is deployed in the wager, and i look for a 20-50x return on total equity+leverage moolah deployed within 60 months ... or i wish it ... dare to think it ... hope ... pray ... fantasize ... dream ... and fear the alternative outcomes
tout ou rein, or as pezz says, full speed ahead
i like excitement and seek thrills, and if i am not worried, i am not betting enough
on gold, i figure it will go up between now and end of the year;
on tech, i have no feel, except to say that they will never not likely escape the carnage elsewhere in money space
on housing, the center of the core of the moolah universe, i think i know.
i am now staying one night at a usd 5 m penthouse apt overlooking the ocean that rents at 2% net yield on temp basis and 1% on full year basis, and another night at a decrepit and rotting usd 3 m house two stones throw from another beach, renting for full year at less than 1% yield, and the cost of officialdom on both are about to rise ...
across the street from the apartment, 5 hotels have been torn down, to make way for condos and timeshares
it is going to be very bad this time around, or alternatively, very very bad
chugs, j |
