Morning Download 

Personal finance + economics + markets

Together with Incogni

Good morning investors! Today is an important day as August’s Job Openings and Labor Turnover Survey is due today. Analysts expect it to reflect 8.8 million job openings.

Fun fact: Unemployment Rate in the US averaged 5.71 percent from 1948 until 2023, reaching an all time high of 14.70 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

Today we cover:

• 10-year Treasury yield hits new highs.

• Microsoft is trying to beat Google.

• Real estate for retirement.

Follow us on Twitter for more.

📊 Economy and News 

10-year Treasury yield reaches highest level in 16 years

The 10-year Treasury yield is now at its highest level since 2007.

Serving as a benchmark for mortgage rates and as an investor confidence barometer, these rates indicate it is time to prepare for another rate hike.

Some experts say that investors may leave the market due to uncertainties, rising rates, and increasing debt.

Global hits:

• Russian Ruble falls under 100 against the dollar.

• The British Pound is expected to fall even more after recording its worst month for a year.

• India is getting old – the country’s elderly population will double and overtake the number of children by 2050.

📈 Stocks

S&P 500 4,229.45 (-1.37%%)
DJIA 33,002.38 (-1.29%)
NASDAQ 14,565.62 (-1.83%)
VIX 19.78 (12.32%)
* Prices as of Oct 4th, 12:20 AM UTC

Microsoft CEO agrees it’s a Google’s world and we’re just living in it

CEO Satya Nadella was testifying about competing with Google in the digital search niche during the federal antitrust trial against Google.

“Everybody talks about the open web, but there is really the Google web,” HE SAID.

The government has been trying to prove that Google’s position creates a flywheel effect. Access to more users gives the company access to more data, which makes it (Google) even better thus making it more and more difficult for competitors like Bing to make a mark.

The big step: Microsoft has been trying to break the barrier for a while and was even in talks with Apple to make Bing the official search engine, according to the CEO.

If successful, it would have given Microsoft a big push. However, Apple declined to accept the offer.

Links worth checking:

• Evergrande up 20% after trading resumes in Hong Kong.

• The US warned China to expect updated export curbs in October.

• Asian markets sink with Hong Kong shares dropping 3%, dragged down by real estate and energy.

Yesterday wasn’t good for the market, here are the major movers:

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🔐 Crypto

Bitcoin $27,422.20 (0.01%)
Ethereum $1,642.59 (0.86%)
Total market cap $1.08T (-0.90%)
* Prices as of Oct 4th, 12:20 AM UTC

Nothing much has been happening in the crypto world. Prices have been struggling for a while and the world is still talking about ETFs and a lack of regulations.

Here’s all you need to know:

• Head of Portugal central bank calls for global regulation calling the industry unsustainable.

• Expect new crypto regulations to follow Bitcoin ETFs.

• Poor market conditions force Chainalysis to cut 15% of staff.

• Bitcoin back under 27K after investors walk away with profits. Other cryptos are down as well.

💵 Personal Finance

Real estate for retirement 🏠

I have a neighbor who bought 2 four-plexes as part of his retirement plan. In fact, that is his retirement plan. It’s going well for him, but he spends every Saturday taking care of the properties.

Could it be right for you?
Investing in multi-family real estate can be a great way to build wealth over time. Here are some of the benefits of investing in multi-family real estate:

• Passive income: Multi-family properties can generate a steady stream of income from rent payments. This can be a great way to generate passive income, which means you don't have to actively work to earn it. The average rent for an apartment in the U.S. is $1,702. The cost of rent varies depending on several factors, including location, size, and quality. If you play it right, you can easily make a decent amount of money if you have a few solid properties. This rule applies to other countries as well. In most cases, expect to make about 1% of the property’s value no matter where you are. It can go up in some countries but is rarely below the 1% threshold. Knowing how to determine the rental value of your property can be a great way to know how much you'd make if you invest in a property.

• Capital appreciation: The value of multi-family properties can appreciate over time, which can provide you with additional profits when you sell the property. According to the CaseLogic report, in January 2022, the nationwide annual appreciation for detached properties was 20.3 percent. For attached properties it was slightly lower: 15.2 percent. This is a very good number but it greatly varies. Some states reported as low as 4% and some as high as 25%.

• Tax benefits: There are a number of tax benefits available to real estate investors, including depreciation deductions and tax breaks for energy-efficient upgrades. Explore these to enjoy all the perks of being a real estate investor.

• Diversification: Investing in real estate can help to diversify your investment portfolio, which can reduce your overall risk.

• Economies of scale: When you own multiple units, you can benefit from economies of scale. This means that you can spread out the costs of things like property management, maintenance, and repairs over a larger number of units, which can save you money.

Of course, there are also some risks associated with investing in multi-family real estate, besides spending a lot of time and expenses on upkeep. These include:

• Tenant risk: If your tenants don't pay their rent, you may have difficulty collecting it. This can put a strain on your cash flow and make it difficult to make your mortgage payments. Also, remember that the US Rental Vacancy Rate is at 6.30%, which means that it can often be hard to find a tenant.

• Property damage: Tenants may damage your property, which can be costly to repair. Insurance can help cover this to an extent.

• Market risk: The value of your property may decline if the market takes a downturn. This could make it difficult to sell the property or refinance your mortgage. To be safe, perform research and consider working with an agent.

Check this video for more:

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👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.