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Off-Topic Stock Market & Crypto Discussion

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Since tomorrow is CPI and Friday is PPI, I thought we should see how we stand with the rest of the major economies on inflation.
 
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08:30		USDConsumer Price Index (MoM)(Jul)0.2% 00.2%0.2%
08:30USDConsumer Price Index (YoY)(Jul)3.2% -3.3%3%
08:30USDConsumer Price Index Core s.a(Jul)---308.31
08:30USDConsumer Price Index ex Food & Energy (MoM)(Jul)0.2% 00.2%0.2%
08:30USDConsumer Price Index ex Food & Energy (YoY)(Jul)4.7% -4.8%4.8%
08:30USDConsumer Price Index n.s.a (MoM)(Jul)305.691-305.84305.109
08:30USDContinuing Jobless Claims(Jul 28)1.684M-1.71M1.692M
08:30USDInitial Jobless Claims(Aug 4)248K-230K227K
yoy up, but less than expected. You less food and energy down…We are producing more oil Now than anytime in the past administration.
MoM as expected and the same from last month.
jobless claims up, but continuing claims down
the Fed most be happy.
 
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Steve Liesman From CNBC made a good point. He claims that any rise in gas prices may be negated by China needing to lower their currency and prices.
Car and truck prices are dropping.
 
20 minutes and my portfolio of stocks is up .6%. Strong start. Fortunately I have another 48% of my assets in real estate.
 
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90scane said:
0% stocks
75% real estate
25% treasuries, bonds, private companies
Click to expand...
Housing was also a big reason for the inflation tick. I don’t know if that helps or hurts you. Your housing [real estate] is worth more, but financing costs are Up, a lot.

Inflation is still trending in the right direction. PPI tomorrow.
 
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mr.h said:
Housing was also a big reason for the inflation tick. I don’t know if that helps or hurts you. Your housing [real estate] is worth more, but financing costs are Up, a lot.

Inflation is still trending in the right direction. PPI tomorrow.
Click to expand...
What were the numbers for housing?
 
real estate is very local/regional. My portfolio has outperformed the market by a massive margin. I’m still seeing 5-10% rent increases and 7-15% of appreciation on top of the last two years.
 
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08:30USDProducer Price Index (MoM)(Jul)0.3% 0.620.2%0%
08:30USDProducer Price Index (YoY)(Jul)0.8% 0.430.7%0.2%
08:30USDProducer Price Index ex Food & Energy (MoM)(Jul)0.3% 0.620.2%-0.1%
08:30USDProducer Price Index ex Food & Energy (YoY)(Jul)2.4% 0.352.3%2.4%
Costs of goods of producers tick up, but include some services.
 
90scane said:
real estate is very local/regional. My portfolio has outperformed the market by a massive margin. I’m still seeing 5-10% rent increases and 7-15% of appreciation on top of the last two years.
Click to expand...

100%! The Southeast is still growing, albeit at a slower rate than during Covid, and after we get through this year, the shortage will get much worse, since nothing new to speak of is getting built.
 
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mr.h said:
Housing was also a big reason for the inflation tick. I don’t know if that helps or hurts you. Your housing [real estate] is worth more, but financing costs are Up, a lot.

Inflation is still trending in the right direction. PPI tomorrow.
Click to expand...
As for financing costs, I haven't financed anything new for 14 months BUT I'm about to start up again. I'm expecting 7.5% fixed 30yr but will likely get that down to 3.5-4.5 within 3 years. Thus, the costs are up short term BUT the wealthy that have capital can deploy it now and free up more in the coming years OR lower their cost of financing to increase cash flow/profits.

JD08 said:
@90scane, @SpikeUM out of curiosity, are you investing in RE through REITs or individual properties?
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As of now, all individual properties. I’m still young enough to deal with the minor headaches. I see it as the best way to grow wealth and I can teach my kids the process as well. In 5-10 years, i could see myself moving wealth into reits via 1031 exchanges. As my active income drops, I also could simply sell assets and pay cap gains to role that into liquid assets or tech start ups.
 
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