I couldn’t stay away from interest rates for too long. Last week was very fascinating. There was a lot of news that should have been quite bearish for long-term bonds but instead, yields moved down by about 5 basis points for the week for the 10-year Treasury note.
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Carl Icahn has clearly done enormously well over the years in compounding capital through his highly aggressive, activist approach to investing. He is not shy about expressing his opinions, sometimes in a Trumpesque manner, to call out underperforming management teams, changes he thinks they should make to increase returns to shareholders and the performance of the business and to get more involved to either make changes and/or hold management teams more accountable.
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As an investment management company, CWS’ investors naturally look to us to deliver compelling returns relative to the risk we are taking. Since the capital entrusted to us is deployed into businesses that we purchase (apartment communities) or create (the development of apartment communities),
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This week I will return to one of the videos that I shot on true wealth to discuss various elements of my book that I think communicate the most important messages. Hopefully they will inspire one to read the book versus feeling like they have already read it!
Let’s start with a basic question –…
Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, Trends, Wealth
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Last week was pretty important in confirming the trend change in interest rates and solidifying a slowdown in economic activity. Evidence of the economy slowing is reflected in more U.S. firms cutting their earnings guidance versus raising them.
As the above chart shows,
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There is so much concern about the level of our federal government debt and how will we ever repay it. That is one thing to never have to lose sleep over. The United States uses a currency (the dollar) that only it can produce, has no obligation to back its currency with anything other than its commitment to accept it to pay taxes that are owed,
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Einstein believed that the eighth wonder of the world was compound interest. The benefits of compounding are so powerful not only when it comes to money but also good habits. They build on each other through incremental gains and eventually, it snowballs into different forms of competitive advantage,
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I have to confess that I’m feeling a bit guilty about something. A few weeks ago someone sent me a message on LinkedIn within 15 minutes (if not less) of me accepting his connection request. My usual experience with that one-two punch is not very favorable as it often relates to someone wanting to sell me something,
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This is going to be a short blog post, given my travel schedule last week. I have been talking for a while now about the narrowing yield curve and the prospects for it inverting. The 10-year Treasury finally went lower than the 3-month Treasury bill,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Uncategorized, Wealth
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I’ve been pleasantly surprised so far with regard to how well our rent collections have held up since the onset of COVID and the corresponding economic carnage. On average, we’ve been collecting across our portfolio about 98% of what we have billed.
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