Does Greater Wealth Make Us Happier?

Traders work hard to make money, but is Franklin correct?  Will increasing wealth bring increasing happiness?  It turns out that the evidence is somewhat mixed and in some surprising ways.The research of Diener and colleagues suggests that satisfaction with one's country is a strong positive predictor of individual life satisfaction, particularly among impoverished people.  As… Read More..

How to Use Positive Triggers to Be a More Productive Investor

Welcome back, Over the past decade investing in real estate, I’ve come to realize my strengths and weaknesses as a real estate investor — and as a human being in general. In the past I routinely found myself with the day finished, and few, if any, new calls to sellers dialed and no appointments made… Read More

Markets Explodes As Bank Of Japan Goes All-In-er; Increases QQE To JPY 80 Trillion

In a surprise move given all the recent congratulatory bullshit from Abe and Kuroda on breaking the back of Japan's deflation and bring about recovery (forgetting to mention record high misery index, surging bankruptcies and a crushed consumer), the Bank of Japan (by a 5-4 vote) raised its bond-buying program from JPY 70 trillion to… Read More

Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

From Freddie Mac: Mortgage Rates Rebound, Remain Below Four Percent Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this week and rebounding from the lowest rates of the year.30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.5 point… Read More

My Single Biggest Real Estate Marketing Discovery of 2014

Real estate agents, property managers, and vacation rental owners, listen up: Chances are, your marketing skills are excellent in person. When face to face with a client, your personality alone can probably sell or rent a property better than most of your competitors. However, when you don’t have the opportunity to be with a client… Read More

Why Did Q3 GDP Jump: Thank ISIS And The “War On Terror”

As we noted previously, the main reason why Q3 GDP surprised to the upside was thanks to yet another accounting gimmick, where it wasn't the US consumer leading to US growth, as has historically been the case, but because the government stepped up, and boosted GDP by the most since Q2 2009.   So just… Read More

A Fresh Look at Stock Market Breadth

A pattern that has played out across most recent market cycles is that breadth peaks ahead of price.  So what are we seeing with breadth now, given the recent strong move higher in stocks?Notice that yesterday's gains came on a breadth surge.  The top chart shows us expanding the number of common stocks across the… Read More

Zillow: Case-Shiller House Price Index year-over-year change expected to slow further in September

The Case-Shiller house price indexes for August were released yesterday. Zillow has started forecasting Case-Shiller a month early - and I like to check the Zillow forecasts since they have been pretty close. Note: Hopefully Zillow will start estimating the National Index.From Zillow: Find Out Next Month’s Case-Shiller Numbers TodayThe August S&P/Case-Shiller (SPCS) data out [yesterday]… Read More

Your Complete Step by Step Guide to Expertly Renovating a Flip

Flipping a house is difficult. I don’t care how many HGTV shows make it look simple — I’m here to tell you that it’s not. In order to successfully flip a house, you need to source a good deal, find investors to fund your deal, go through the machinations of closing on the deal, renovate… Read More

How to Use Marketing for a More Successful Real Estate Year in 2015

With less than 10 weeks left in this year, it’s time to “assess and plan” for your success in 2015. This is “truth time,” as you put together a successful marketing plan for the upcoming year. What I mean by that is it’s time to look in the mirror and be completely honest with “the… Read More

How to Get the Best Possible Tenants into Your Rental Property

When you have a vacant rental, you will inevitable have to advertise and fill it. And unless you are extremely lucky, you will not rent to the first person who inquires on your rental — or at least the first person will not likely be qualified to live in it. At some point, you will… Read More