Investments
I was lucky to exit the stock market and crypto (exited BTC at 6700 euros) before huge drop. I am not selling any of my real estate investments through the platforms. Housers secondary market is dead. EstateGuru secondary market is dead and expensive to trade. EvoEstate secondary market is active as never before, but i am holding my investments. I am checking the markets mainly sp500 and ibex35 daily and even though i do not have any positions I feel frustrated with big swings in the market. On one hand a big recession is coming. On the other hand US announces 1.5T and later 2T money printing – stimulus package. Universal Basic Income may start sooner – US government is thinking of giving 1000 USD for each citizen.
I will be coming back to stock market on March 23 making 0,3% of my net-worth investments weekly. I will be buying
BTC (Crypto – Bitcoin)
LYXIB – Spanish index
WBA – Pharmacies in USA
BOL – Ports in Africa and 3 potential spinoffs
TEF Telcom for Spain and LATAM
TEL Telcom for Nordics and SE Asia
SCHB Media company from Norway
The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.” https://t.co/dIbizumtqG pic.twitter.com/u8BSVvr0B1
— CNBC (@CNBC) April 9, 2020
Shorting ZOOM (Ticker: ZM)
Zoom vs Google Meet is the difference of a singular company and product focus vs just thinking you are building a feature as part of an enterprise suite. https://t.co/ofTcCVmk41
— Josh Elman (@joshelman) April 25, 2020
The reason to short (buy put options) Zoom is that i do not know any person paying for paid version. Zoom gives 40 minutes free sessions and then you can just restart a new session – not a big pain to pay for. (more pain to look for your credit card in the pocket). My personal circle uses Google Meet, which comes for free if you are buying Google Suites. The competition is huge. And UX is a fragile competitive advantage that can be copied and made better in days. (example Whereby in my opinion has even better UX)
Oil
With global lockdowns the demand for oil plunged. The tankers have been filled soon and there was no place to put oil. USO ETF stopped tracking oil price. And near expiration oil futures started trading at negative 37$. (Lesson about oil futures: if you do not execute contract before expiration – you have to take real oil)