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- Turnkey Retirement Vol. 13
Turnkey Retirement Vol. 13
The Great "AI"wakening, Wall St. Moves to Texas, Office Space Sits Idle, Family Office Goes Private, If They Can, Why Can't We?, and Hang Tough
Parker Pursell
June 12, 2024
Turnkey Retirement Newsletter: Volume 13
Most information we digest in the markets, trending news, etc. is opinionated speculation.
I.E. What’s going to happen is based on the information that is being shared.
As you digest information, adapt. Know what information is worth holding on to and what actually affects you.
The more we learn, the more informed decisions we can make.
Let’s Dive In.
The Great “AI”wakening
AI is changing the investing landscape:
A record 41% of S&P 500 companies mentioned “AI” during Q1 2024 earnings calls.
In other words, 205 companies from the index mentioned “AI” during this earnings season, up from 180 and 155 in Q4 and Q3 2023.
In just 2 years, the number… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
1:13 PM • Jun 10, 2024
Clearly the markets are responding to all the AI hype being told in these companies narratives. As deflationary as tech is, i’m curious to see how the savings in these efficiencies are passed on to the consumer or the company.
Wall St. Moves To Texas
From @WSJopinion: A new stock exchange based in Texas could soon challenge Nasdaq and the New York Stock Exchange—and the Empire State’s status as America’s financial capital
— The Wall Street Journal (@WSJ)
6:35 PM • Jun 7, 2024
Happy to see opportunity for competition as Texas continues to be Texas. Lots of firepower and credibility in this move. Grab the popcorn.
Office Space Sits Idle
JUST IN: The US office vacancy rate hits a fresh record high of 19%, surpassing levels seen in both 2008 and 2020.
In other words, roughly 1 out of every 5 offices in the US is currently vacant.
~$1.7 trillion of commercial real estate debt is projected to mature from 2024 to… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
6:05 PM • Jun 7, 2024
I was at a RE meetup this past week and the question was asked about commercial office space. “What about opportunity for conversions, etc.”?
With rates where they are at, you would have to have deep pockets to want to buy, sit, and make your money back on these spaces.
We have seen companies offload them for basically free. Opportunity is everywhere, but commercial office space is going to continue to be a rough ride.
Family Office Goes Private
Family offices are planning big investments in private companies cnbc.com/2024/06/10/fam…
— CNBC (@CNBC)
12:52 PM • Jun 10, 2024
I always ask why the money is doing what it is doing? Why would money be flowing here? My take is these family offices investing in private companies gives them a better layer of control than putting that money in public ones, a sense of decentralization.
If They Can, Why Can’t We?
The president of Zimbabwe says the country welcomes the changing world through BRICS and the transformation of the global economic order.
Zimbabwe now has a gold-backed currency.
The foundation is shaking…
— Gold Telegraph ⚡ (@GoldTelegraph_)
2:19 AM • Jun 8, 2024
Curious to see Zimbabwe’s debt to GDP Ratio.
(It’s 63% currently, nearly half of U.S)
Clearly accountability can be had.
Hang Tough
Lots of people out there fighting for a better way! If you see a friend struggling, maybe some positive financial education will get them out of this situation. Knowledge is power!
The Closing Word
I was reading in John 1 when Jesus was stepping onto the scene and starting his ministry.
One thing that stood out to me was how He called Nathaniel and mentioned that He had seen him sitting under a fig tree.
That detail is encouraging no matter what you are struggling with. God sees you and cares for you.
If you are struggling with a decision, situation, circumstance, etc., trust that God sees where you’re at and where you’re going.
To Freedom,
Parker
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