Hey SMS,
The 1st requirement to be a member of our society is the acknowledgment of a fact that 99% of people will not want to confess: Being broke sucks.
Money isn’t the most important thing, but it’s right up there on the list with oxygen.
Money is VERY important. It has always been important, even by another name. Strength was money. Food was once money. Gold was money. Jewels were money. Today, your currency is money. You cannot have a civilized society without it.
Here at Slow Money Society we’ve not only accepted that we money is important, but we’ve committed ourselves to earning as much of it as possible for the betterment of not only our family…but the world.
The difference between this group and many others? We know that slow consistent money last longer that fast, unpredictable money.
Slow like the business owner, who began going door to door. Then, bought a store front and worked the counter himself. Finally able to hire employees and focus on growth. Now, having expanded and built a trustworthy team, is able to enjoy the drip that comes in from the decades of work he put in.
Fast money is putting you savings in a meme-coin because your friend read about it on Reddit and making $100,000 is a day.
I won’t even break that 2nd one down for you. Google what happens to the money lottery winners get.
If you willing to admit being broke sucks (to me, that’s being worth less than $1,000,000 of working capital) and slow money is better than fast money, then you’ll have tied your metaphorical laces and may be ready to begin the journey forward.
Here’s How We’ll Do It
Reduce Debt
Develop Elementary Skills
Invest
Increase ability to Invest
Help Others
Here’s that same trade I mentioned a few weeks ago (large image = today’s chart, small image = alert 04/08/34). Broke out of that consolidation to the upside. Similar trade with GBP/JPY
"Getting rich and building wealth takes daily commitment and consistency."
— Gerald Peters
Reduce Debt
This is important for a few reasons: mental clarity, access to capital, risk tolerance, +
Controlling emotions is an arduous task. Emotions around money and ego are even difficult to navigate and they are the villains in this quest.
When you have bad debt it’s like fighting your 2 most powerful foes with your arm tied behind your back. It’s difficult to be objective knowing any loss of money means more time in debt.
Myself, I am paying off credit cards aggressively to unleash my full investing potential.
Once my cards are paid, I’ll have more access to capital and a more rigid risk tolerance profile. Both of which are critical in creating wealth.
Develop Elementary Skills
This is obvious. In order to do something, you must learn how to do it - both in theory and practice.
What’s important to mention here is that skills refer to both investing and income generating. You need money management skills, income generating skills, emotional control skills, +.
Are you earning the maximum amount you are capable at your current profession? Do you have time to learn a new side-hustle or improve upon your current one?
Do you know where all of your money is going? Every single cent? Can you manage it better to have more access to investing capital?
How aware are you of your emotional shifts? Can you control them? When you lose control, do you have the skills to regulate swiftly?
We want that DRIP - that Slow Money river that runs forever. But, we have to continuously develop the skills necessary to maintain that river, break up dams, and keep it free of debris.
Invest
It doesn’t matter how much money you earn, you can invest. Putting a dollar into a stock each week, if that’s all you can do, is better than nothing.
If you don’t have a dollar, sit down and review steps 1 and 2. Comb over your money in-money out statement and find the leaks in your boat. There is a dollar in there somewhere. Moreover, with our “gig economy” it’s easier than ever to find jobs to do to earn extra money.
Deliver Doordash, rake leaves, set up for local events. Whatever it takes.
Increase Ability To Invest
Once you’ve constructed a plan to invest what you can, and begun to EXECUTE, then it’s just a numbers game.
Ask yourself, how can I invest more? How can I find/generate an extra $1 to put to work?
Work harder on the job. Work harder off the job. Learn a new skill. Grow your army.
Help Others
Whatever that means to you, but AFTER your river is flowing. Don’t make a $2 and give 1 away.
No, leverage is the game. The more you have to invest the wider the river you create, the more satisfying the drip.
However, you can educate those who feel the same as you. Conviction is the only way to change. If you have others in your life who hate being broke and want the drip, you can AND SHOULD share what you’ve learned AND PRACTICED
**SIDE NOTE: Just because you read this, doesn’t qualify you to teach. Just like I’m not teaching anyone here anything I haven’t already been involved in. When you’ve plugged up your financial holes and began investing, even $1, then you’ve qualified yourself to help those who haven’t begun.
PUT YOUR MONEY TO WORK
Economic Calendar
Wednesday May 01 2024
10:00 AM ISM Manufacturing PMI
10:00 AM JOLTs Job Openings
02:00 PM Fed Interest Rate Decision
02:30 PM Fed Press Conference
Friday May 03 2024
08:30 AM Non Farm Payrolls
08:30 AM Unemployment Rate
10:00 AM ISM Services PMI
Technical Analysis: A Look At The Charts
SPY *Enlarge and see the note.
Violated the 20day MA for the 1st time this year at the beginning of April. Will this bounce last?
1st few days of a month are typically the most volatile, so more than likely this week will determine the course for the month. The fact that there’s a Fed event makes that even more likely.
Daily RSI and MACD facing upwards.
Weekly MACD still negatively crossed and RSI fell out of overbought.
My thoughts? We hang out at this price level, Fed or data drops us back out of 500s. I would guess
US Dollar Index *Enlarge and see the note.
RSI unremarkable, trending up. MACD looks like it might cross down here.
20 Day moving average just below price, hasn’t been respected that much but the 50 Day is right on our trendline.
I was long the USD and got stopped out. Might look to re-enter if we come down to the trendline.
Drip Check: Long-Term Holdings (MAY)
Div. yield: 13.30% | Market Risk: 37% short interest
Medical Properties Trust, Inc. is a self-advised real estate investment trust (REIT). It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. The Company has healthcare investments in the United States, Europe and South America. The Company owns hospital real estate with 434 facilities in nine countries and across three continents.
What I like:
Graham calculation real value = $13.88 (sq rt (22.5 x book value x EPS [5yr avg])
2nd largest non-governmental owner of hospitals in the world, huge moat
International operations
20 years of business
People are only getting sicker. Uniquely positioned to earn money on loans to hospital constructions and renovations.
High yield is normally a turn off but I like the price relative to the Graham #. It’s near its lowest price since going public, potentially a bargain. Also, seems like the Steward issue is the only hiccup.
**I learned more as I was researching to post, but I did buy a few hundred dollars worth before writing this. 1 of my mentors mentioned the stock months ago and I didn’t grab it. I heard my other mentor mention it early last week and I decided to learn more this time.*
Where My Money Is Currently
My Current Long-Term Holdings: MPW 0.00%↑ WBA 0.00%↑ NWL 0.00%↑ MMM 0.00%↑ T 0.00%↑ SQ 0.00%↑ BABA 0.00%↑ O 0.00%↑ PFE 0.00%↑ SOLV 0.00%↑ KO 0.00%↑ SBUX 0.00%↑ AAPL 0.00%↑ (in order of position size)
My Son’s Long-Term Holdings: AGNC 0.00%↑ CLM 0.00%↑ RBLX 0.00%↑PFE 0.00%↑ DIS 0.00%↑ (in order of position size)
My Daughter’s Long-Term Holdings: CLM 0.00%↑ DIS 0.00%↑ SNAP 0.00%↑ PFE 0.00%↑ AGNC 0.00%↑ (in order of position size)
Disclaimer. Must Read.
Please read 👇
“This newsletter and all related Slow Money content is not investing advice. Everything you are about to read is merely the opinion of the writer. Please seek the counsel of a financial advisor prior to making any investment decisions. Though the stock market does present many opportunities to make money, there are an infinite number of ways to lose all or more than your original investment. That being said. Don’t invest or trade in any security mentioned in this publication or its related content.”