It would be interesting to hear more about the 5 business failures you had: what you learned, how you stumbled forward and improved, timeframe, etc. Maybe a future post?
You mentioned that these Industries would be hit the hardest 1) Money/Fund raising - mortgage brokers, Equity Capital Markets, Seed/Series A/Series B. I was wondering what your opinion on lending markets would be? Such as lending to small-mid sized business. Just received offer for sales position at such a firm and trying to decide to hold on for a SaaS role or just accept the opportunity if downturn is impending.
BTB: in the cases of people losing their job and not being able to afford their mortgage and would need to foreclose, why wouldn’t they just rent out the property and live somewhere cheaper? Genuinely curious, haven’t seen a recession before
Understand if you're 30-50 yo range and set to live in the same area 10+ years you are stacking cash to buy a home if you don't already own one. What if you are <30 yo and don't own a home? With a likely massive reset in asset prices is it wise to get on the property ladder in next 6-12 months? Is a syndicate purchase wise to mitigate some risk?
"Unless you are in one of the following: 1) restructuring, 2) emergency health care or 3) basic necessities like food/water… you should assume 2022 and 2023 will be *down* versus 2021."
Would you put waste management/disposal in category no. 3 (basic necessity)?
Great read and insightful. What would you recommend for someone who has a home and has less than 200 k left to pay and currently is on variable rate but needs to refinance next year. Also, do not want to live in same home looking to upgrade. Should refinance now or wait it out and buy once everything settles ? Thanks in advance.
It would be interesting to hear more about the 5 business failures you had: what you learned, how you stumbled forward and improved, timeframe, etc. Maybe a future post?
Unbelievable value in this post. Not even joking.
great read as always
great read, ty BTB
Phenomenal and actionable advice as always. Thank you.
"Do not switch to a new job/career without a written guarantee for income."
How are these typically structured? For example, if we sack you within a year, we pay you a full year salary less what you have received?
Thanks
What’s your opinion on outlook for businesses selling primarily to Government/State/County in Q4-Q1
You mentioned that these Industries would be hit the hardest 1) Money/Fund raising - mortgage brokers, Equity Capital Markets, Seed/Series A/Series B. I was wondering what your opinion on lending markets would be? Such as lending to small-mid sized business. Just received offer for sales position at such a firm and trying to decide to hold on for a SaaS role or just accept the opportunity if downturn is impending.
Thanks!
Great stuff thanks as always
What do you think on Ken Fisher‘s analysis that we might be close to a bottom for stocks: https://www.realclearmarkets.com/articles/2022/09/13/if_you_think_inflation_has_crested_position_yourself_for_a_rally_now_853099.html
BTB: in the cases of people losing their job and not being able to afford their mortgage and would need to foreclose, why wouldn’t they just rent out the property and live somewhere cheaper? Genuinely curious, haven’t seen a recession before
Hi Bull/BTB community,
Understand if you're 30-50 yo range and set to live in the same area 10+ years you are stacking cash to buy a home if you don't already own one. What if you are <30 yo and don't own a home? With a likely massive reset in asset prices is it wise to get on the property ladder in next 6-12 months? Is a syndicate purchase wise to mitigate some risk?
Note: non-USA
"Unless you are in one of the following: 1) restructuring, 2) emergency health care or 3) basic necessities like food/water… you should assume 2022 and 2023 will be *down* versus 2021."
Would you put waste management/disposal in category no. 3 (basic necessity)?
Great read and insightful. What would you recommend for someone who has a home and has less than 200 k left to pay and currently is on variable rate but needs to refinance next year. Also, do not want to live in same home looking to upgrade. Should refinance now or wait it out and buy once everything settles ? Thanks in advance.