I copped a Duke Ellington at Newport 1956 vinyl and have it playing in the background now. The jazz fest was great, as always. I managed to eat some paella (skipped the evil sausages and chicken) and swig down a few cups of Sam Adams swill. The weather was ideal, high 70s, very little humidity. The crowd, genteel, as should be expected.
As soon as I sat down to peruse the news, all I could find was how dreadful Jennifer Lawrence’s new film was and how people now hate her for making it. I don’t get the anger people display for entertainers. Futures are mildly higher, commodities are flat and bitcoins aren’t crashing. This is a meaningless set of metrics, since you and I both know volatility will crash tomorrow, stocks will race to fresh record highs, and we’re all going to feel good about our prospects.
Bull markets make geniuses out of us all, the evergreen feeling of success that always has a unique feeling to it. I perused some investment properties today, and have been considering getting into the flipping business. My experiences during the housing crash keep these impulses at bay, more or less. Some of the homes in Trenton, NJ are selling for a song, less than $40 per sq ft, and could easily be fixed and rented out for a decent profit. The very best investments I’ve made have been in real estate, aside from the dot com and 2003, 2009 revival days.
How many of you invest in real estate? Just curious.
I’ll be checking the headlines and futures throughout the night and will be posting something later on. If you have any requests, tell me now. It’s a slow night so far.If you enjoy the content at iBankCoin, please follow us on Twitter