WHAT"S TOM DOING NEXT WITH HIS INVESTMENTS? New COVID-19 cases and deaths have spiked ever since states have begun campaigns to "reopen" their economies. What does this mean for your IRA? Your 401(k)? And any other investments? Find out what Tom JUST DID.
Fragile economic recovery faces first big test
Got questions? Don't agree? Write Tom now: tom@blowmeuptom.com.
HOUR 1
Comments
dividend paying stocks
Tom,
Are you sticking with your high yielding dividend paying stocks like STWD etc.? I was just curious if you were winding down on those positions as well like the mutual funds. Excellent episode as always sir. Love these money podcasts.
Here's what I'm doing...
...sticking with high-paying bulletproof stocks that don't involve shopping malls. Verizon, Clorox, AT&T, etc. I'm also sticking with Starwood. Till things begin to settle.
tom
Awesome. Thanks Tom.
Awesome. Thanks Tom.
State Taxes/Property Taxes Will Hike...
...mostly in the red states, where their budgets are already in trouble pre-WuhanFlu.
Don't forget the push to "Defund the Police" which will spike crime in the cities stupid enough to attempt it. Minneapolis already has a large 200+ tent encampment in one of their parks because of this. Residents have promised not to call the cops, to "protect" the people there.
Its going to be interesting for those that aren't able to defend themselves. And by "interesting" I mean "fucked".
The economy is going to tank as the initial lockdown effects are just being felt. There's more on tap, that's for sure.
Correction - Red? Nah, Blue...
... but thats what I get when you have a forum with zero editing ability except for the administrator.
You'll see, should be fun. Watch Chicago and Minneapolis.
Buying real estate
Hi Tom,
I want to buy real estate. It's been part of my plan for a few years. Because I have a lot of cash (couple hundred thousand), I can get a good loan and put down a large down payment. When do you think is a good time to go shopping? Seems like prices are high.
Not NOW...
...that's for SURE!
tom