M.D. Journal and Roundup: A Modest Resume
I’ve been reading through some commercial real estate private placement memorandums (PPMs) and the principals of the companies all have super impressive resumes. That got me to thinking- I haven’t updated my resume in a while. So in addition to my MD job title, I decided to have a little fun and tack on a few more titles to showcase my skill set. Here goes-
Chief Investment Officer- Responsibilities include optimization of investment capital deployment in single-family office setting, utilizing bleeding edge, big-data analytics, peer review informatics feedback and employing a S.W.A.T. team approach. Direct investment participation and real-time monitoring of six figure investment capital in S&P 500 companies worth over $20 trillion in aggregate. Over a quarter century of financial experience through multiple equity market cycles.
Translation- I had an allowance as a kid and I invest in Vanguard index funds and read PF blogs.
Executive Head Culinary Chef– Team leader of a 100 sq ft ultra-modern, “Center of Excellence” culinary facility with fry, boil, and toast ecosystems. Responsibilities included presiding over a dozen state-of-the art culinary equipment and employing robust, best practices in vertical quality control, and health standards compliance with a keen eye on timely food prep/ production. Solved all burning platform situations, again with S.W.A.T. over-the-wall techniques. AM service solution specialist.
Translation- I shop for groceries, wash my hands, and microwave mac and cheese for the kids before they start complaining. I’m very good at pouring cereal.
Chief Justice – Twelve years experience on judicial bench of family law and domestic affairs. Responsibilities included timely arbitration between unrepresented parties incorporating synergistic, fair-trade, next-level solutions with hard stop configuration deadlines. Drill down to core issues to mitigate counterparty conflict, again with S.W.A.T best practice techniques. Pristine 0% record of corporeal punishment. Named “Top 1% Judge” in local jurisdiction five years in a row.
Translation: I break up fights between the kids. I’m very judgy, wait… judgmental…. wait, that didn’t come out right. I’m fair.
Alright, that was fun. You never know when an employer needs a radiologist-chef, or a radiologist-judge. Let’s move on.
Time for another Roundup of great blog posts and information online.
Is the stock market better or is real estate better? That’s the age old debate. In a new paper “The Rate of Return on Everything“, published by the Federal Reserve Bank of San Francisco, researchers tackle this question. They analyzed the returns of major investment classes: stocks, bonds, T-bills, and real estate from 1870 to 2015. TL;DR. But Ian Ippolito, on the Real Estate Crowdfunding Review, posted a nice summary on Investing Myths Debunked: Residential Real Estate Wallops Stock Market in Groundbreaking New Study.
It’s official! The backdoor Roth IRA is legal in the new Tax Cuts and Jobs Act signed into law this year. The Wall Street Physician posts about it on It’s Official: Backdoor Roth IRAs Are Legal!
Crowdfunding in the hard money space is evolving. Have you noticed interest rates dropping and maybe lower quality deals? In the January 2018 AlphaFlow Quarterly Investor Letter, Ray Strum gives his view about the landscape and how investors can navigate this asset class.
Instead of doing a bunch of things superficially, tackle one thing and go deeper. Rapitude.com posts- Go Deeper, Not Wider
There have been a flurry of blog posts on real estate lately. Here are a few to chew on.
Retire by 40 – A Landlord’s Second Worst Nightmare
DiverseFI is a new doc blog. This is How We Real Estate
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