Happy summer to all you Wealth Hackers out there, shout out to all those finding deals better than the deals available six months ago.
Even though I wasn’t very good at the social sciences, I find market behaviours interesting. E.g. Duplexes east and west of the Greater Toronto Area where we service cash flow better today with higher interest rates than we did five, six months ago when duplexes would receive 5-15 offers to purchase.
Today they’re still selling, but it takes a week or two, and a conditional offer often wins.
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How can cash flow be better when interest rates have doubled?
Well, prices have fallen so much that mortgage payments and cash return on investment have improved.
In the stock world, one of my favourite companies, Costco, where Cherry and I reliably spend hundreds each week, the stock is down considerably over the same period.
Profits are expected to decline because they, like many companies like Walmart and Target, purchased too much inventory and/or the inventory arrived late.
The timing, of course, is perfect as I ordered my patio furniture two months ago and paid full price. Then this past weekend, while ordering our weekly hundreds of dollars of sacrifice to the Costco masters, I noticed Costo was offering huge rebates on patio furniture. In mid-June… peak patio furniture buying season.
Strange days we live in!
My point is the pendulum is swinging in the buyers’ and consumers’ favour. Who will take action as an amateur social scientist will be fascinating to observe. Cherry and I personally are raising capital, and I’ve left cash on the sidelines to stick into the stock market after we’ve bottomed. Hopefully, in a few months.
Beating the Stock Market, Retiring at 34 With Derek Foster
On to this week’s show!
We have my friend Derek Foster who successfully retired a long time ago. 2004 was the last time he had a job, and Derek is retired, retired, enjoying his time off, chilling and raising his eight, that’s right, eight kids, so it’s not like he has nothing to do.
As a Wealth Hacker, I have a natural interest in studying how the rich get rich in lazy ways…
Derek has done that for almost two decades and has written six best-selling books on the subject, and recently he’s been navigating the crash in the stock market quite masterfully as at the time of the recording, the stock market was down 15% year to date, Derek is only down 5% hence he’s completely outperforming the market and likely outperforming pretty much every professional money manager out there.
Is there any wonder Derek helps us teach at Stock Hacker Academy?
On our recent visit to our nation’s capital of Ottawa, we invited Derek and his wife to lunch and recorded this podcast episode in our Airbnb.
It’s great to catch up with Derek and learn how he’s investing in stocks these days so you, the listener, and I may learn and hopefully create another passive income stream.
This episode is brought to you by me! We don’t have sponsors for this show, I only share with you services owned by my wife Cherry and I. Real estate investing is a staple in my life and allowed me to build wealth and more importantly, achieve financial peace about the future knowing our retirement is taken care of and my kids will be able to afford a home when they grow up. If you too are interested in my systematic strategy to implement the #1 investment strategy, the same one pretty much all my guests are doing themselves, then go visit www.infinitywealth.ca/events and register for our next FREE Online Training Class. We will be back in person once legally allowed to do so but for now we are 100% virtual.
No need for you to reinvent the wheel, we have our system down pat. Again that’s www.infinitywealth.ca/events and register for the FREE Online Training Class.
This episode is also brought to you www.stockhackeracademy.ca where everyday real estate investors learn the best practices in stock investing to earn cash flow in about 15-30 mins per day from their mobile phones. After real estate, Stock Hacking is the next best hustle as you’ve heard from many past guests on this show. Among our students last year, 31 trades were shared with them. 30 were profitable for an over 96% success rate and 12% return on capital. I will be giving free demonstrations online, very similar to the one I gave my kid cousin, a full time musician and he just made 50% return in 2021. Past of course does not predict the future but if you’d like a free demonstration go to www.stockhackeracademy.ca in the top right, click FREE Demo. At the demonstration I’ll have special bonuses. We do not advertise publicly for all my favourite listeners and I only have two more demos to give in the next few weeks.
Don’t delay www.stockhackeracademy.ca, what I consider the future of side hustles with real estate so unaffordable for many.
Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.
This is for driven folks who want to multiply their current incomes.
APPLY HERE: https://www.infinitywealth.ca/hiring
To Follow Derek:
No, he’s not on social media other than Linkedin but he doesn’t update that lol
HELP US OUT!
BEFORE YOU GO…
If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.
It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.
If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success.
New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.
We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best. In 2018, we again won the same award by the Real Estate Investment Network.
Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment. Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you.
I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics. The intersection of the two, talent and ethics is limited to a handful in each city or town.
Only work with the best is what my father always taught me. If you’re interested, drop us an email at firstname.lastname@example.org.
I hope to meet you at one of our meetups soon.
Again that’s email@example.com
Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year.
Just imagine what winning in real estate could do for you.
If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at firstname.lastname@example.org.
Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.
Till next time, just do it because I believe in you.
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.