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I’m tired.

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@ExxAlerts @TimJDillon

Needs to be reported on for your next episode

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@joecarlsonshow The problem with real estate is that to make it worthwhile, you need scale. To scale properly, you need capital, time, and energy to acquire property and manage it. After figuring out your total return, you need to figure out what your time per hour is worth vs. indexing the S&P.

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@data_otter @Mr_Derivatives His blue diamond indicator is just a Hull Moving Average indicator on the monthly timeframe

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@luceusx @sunxliao It’s a Hull Moving Average indicator… free options exist.

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@SayNoToTrading Do you think REITs are acceptable in a taxable brokerage as a riskier substitute to bonds? Tax drag is real, but between the 20% QBI deduction and reduction of cost basis due to ROC, I like the dividend safety net.

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@SJCapitalInvest Come back 😭

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@SCHDETF You’re welcome! It’s certainly more work than stock investing, but I like it for the diversification from paper assets, tax advantages, and low correlation to public equity markets.

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@SCHDETF In other words, if operators were looking to juice returns by taking risks using maximum leverage and risky bridge loans, that’s a major red flag. GPs that could have done that, but played things more conservatively (60% LTV or less) to mitigate downside risk is key.

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@SCHDETF I heavily weight how they structured deals & navigated the market from 2021-2023. Operators that, in their PPM, were advertising > 70% LTV (highly levered) using short-term floating rate debt got crushed when rates inevitably went back up.

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@SCHDETF I’ve gone through Spartan Investment Group (primarily focused on self-storage) and Praxis Capital — I’ve got a few other operators I’m scouting out now for deals next year.

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@SCHDETF (2) [continued] Aside from meeting syndicators in person through meet ups, word of mouth from others heavily invested in the space helps. A newer “review” platform came up that seems promising is InvestClearly ( https://t.co/apbD4nzksq )

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@SCHDETF Per (2), avoid all of the “crowdfunding” platforms — lots of potentially bad deals that ‘smart money’ bypassed. The GP/operator is the most important part. In terms of vetting sponsors, a great book on understanding LP deals is “The Hands-Off Investor” …

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@wliang Thoughts on $RBNE? Same sector, no dilution, only microcap not to surge yet.

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@Reformed_Trader Still amazed this thing is still staying down, even with news in the last < 18 hours about China shutting down energy exports, Bahrain just having a refinery hit, Iraqi oil fields shut down, Saudi’s biggest oil refinery being hit with an Iranian drone, etc.

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@WhiteHouse Long $RBNE

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@Mr_Derivatives @TheGeorgePu $HIMS has a Super Bowl commercial last year, so … I guess the theory holds water.

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@EndicottInvests Are they trying to become FEOC compliant, and if so, what’s the timeline look like?