Real Estate and Forex and Life, Oh My!

Apparently I don’t know what it means to be a consistent blogger. Anyways there are a few things to be updated in my life.

1. Real Estate Investing

Since last November I have been interested in investing in real estate. I purchased a very expensive training program and have learned mountains about different strategies such as fix n flips, rentals, wholesaling etc. While this training course has opened my eyes to many things, it hasn’t given me any real life experience. Then in June of this year I got connected with a company called Midwest Equity Partner. My job is to follow up on leads of people who want to sell their homes in the Milwaukee area. Most of these are off-market properties. These people either see our bandit signs, or receive direct marketing from us. Or word of mouth. In any case I call these leads and setup a time to go inspect the properties. I take videos of the properties and then put together a rehab estimate. The acquisitions manager will then give me a number that I can offer to the seller. From there I make the offer and either they accept or they don’t. Usually they don’t. =) But that’s all good, not everyone is going to accept our offers which are usually well below retail value simply because these houses are usually distressed. The sellers don’t typically realize this fact.

2. Forex Trading

Many people think only of the stock market when the idea of trading is brought up. Little known fact is that the foreign exchange market, of forex, is actually an even bigger market. $5 trillion, yes, with a “t”, are traded daily in the forex market. That is an awful lot of liquidity which provides unparalleled trading opportunities. The stock market is prone to the big players effectively setting the price when a large volume of stock changes hands. In the forex market this isn’t possible because of the huge volume. Even the largest banks can’t move the market all by themselves. All this to say that the forex market is more stable. Over the last 2 years I have been attempting to make money but have failed. Thankfully I haven’t lost money, which if you think about it is a pretty great feat for a novice trader! I do have aspirations however of being a professional trader so I am not happy with simply breaking even. If you are interested in learning more about what I’m doing in the forex market, please head on over to my site all about that. Consciously Incompetent. I hope not to be incompetent for much longer. The real goal is unconsciously competent. =)

 

So yeah, between real estate investing and trading in the forex market I have a few things going on in my life. I am not in a position to move on from working at Lifetouch, so that still fills my life from Wednesday – Saturday, but who knows what may happen in the future. I am attempting to keep my mind active and constantly learn new things and so I’ve picked up my Kindle and reading books is going to become a new addition to what I do during down time. Right now I’m reading The Hour Between Dog and Wolf, which is about how our brains and body work together to deal with risk, specifically in relation to trading.

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