I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
How you can cool off
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The world is on fire. 98% of investors have lost money in the past few days. And that’s OK. This is why when I was asked on Wednesday if “should I sell now”, my answer was… What are you talking about? ​ Look. ​ We've all read dozens of 'influencers' suggesting that investing €500 a month in the S&P 500 will make you rich in 20 years. The stock market only goes up. And to some extent, they might be right, but I don't like that extreme volatility dependent on a few overly powerful individuals. For part of my money, that's fine. For the other part, it's not.​ Sexy or not, real estate is more stable. Yes, there's the 2008 crisis, and talk of another bubble... But there are ways to invest without losing sleep over what a 70-year-old redhead across the pond might do. Investing in thoroughly analyzed and verified real estate projects that guarantee a fixed return is now a reality. Knowing more or less how much you're going to earn before putting your money on the table reassures me. ​ And you have control. You don’t depend on people wearing red hats… ​ But look. Let’s be brutally honest. ​ People panic. And panic is the best environment to fish… and fish big. ​ World population is growing. No matter who is in power. Global productivity is improving. No matter who is in power. ​ The long term tendency is growth. ​ And if this doesn’t happen is because of a global world. And in this case… Your money is stocks will be useless. Your properties will be useless. Even if you are leaving out of the grid, you have a liability because you know that you will be become a valuable target in a world where everyone will have to take care of themself. ​ So… ​ Look at the opportunities out there because there are plenty. Be calm. Be safe. Become rich and independent. ​Is this piece of real estate a good investment​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Time for a ridiculous story from the world of infrastructure contracts. You know, those multi-billion-dollar deals where one tiny typo can turn into a legendary office joke. Well… here you are one. Picture this. Somewhere in Europe. A massive bridge project. The contract is huge, hundreds of pages of legal and technical jargon. In the middle of all that, there was supposed to be a clause that said the contractor had to provide a "large-tonnage crane." Don’t ask why. Maybe some stupid Spanish...
I receive their email religiously every week. They fabricate and install curtains. You don’t expect to be renewing those things every week. Nor every year. But here they are, sending those emails weekly. On the other hand, I tried to look for 15 min for the guys that do the shampooing of my carpet. That’s something that you should be doing twice or so a year. Not an email. And still… is there anything more recurrent / certain? Probably yes, but it’s Sunday and I have the brain focused on...
A couple of weeks ago, I received a call from an agent. Vicente, I have this house for you, and you should take a look. I receive the link. I take a look. The ratio rooms: people was 2:1 and I counted the cat as one. “Too big for us”. “Too big? But you can afford it” “That may be true, but it’s too big, we don’t need that space”. The conversation could have ended there, but insistence is too much of a temptation… especially, when you don’t have many prospects. If you thought that the decision...