2016 Recession Strategy
1. My open positions are showing significant losses. My decision is to treat these all as long term positions. I am likely to have to wait 2-3 years for these to show profits. The existing positions are well diversified already, so can be expected to vary considerably. Based on the capital gains from 2015, I could also expect 2-3% return via capital gains.
2. Reinvest within available capital in my brokerage fund using smaller amounts. I have approx $10,000 uninvested. Split that between five funds when you think the market is near the bottom.
3. Dollar cost average into an index fund using my fortnightly contributions. This should smooth out some of the volatility.
5. Increase my savings rate based on my payrise. From 6% to 8%
2. Reinvest within available capital in my brokerage fund using smaller amounts. I have approx $10,000 uninvested. Split that between five funds when you think the market is near the bottom.
3. Dollar cost average into an index fund using my fortnightly contributions. This should smooth out some of the volatility.
5. Increase my savings rate based on my payrise. From 6% to 8%
Mallorca Modern Update
What Progress Have I made this month
- Researched and purchased Chief Architect Home Designer software package
- This package will enable me to visualize my ideas and access my
Thinking and observations of the market
- Trying to get my head around the exact market niche of the north San Diego county area
- A 1900 sq foot house in Encinitas is worth over $1 million, yet values here in north San Diego are still barely moving
- My designs with
Need to start to get budget clarity around how much it costs to build my Mallorca Modern homes
- Researched and purchased Chief Architect Home Designer software package
- This package will enable me to visualize my ideas and access my
Thinking and observations of the market
- Trying to get my head around the exact market niche of the north San Diego county area
- A 1900 sq foot house in Encinitas is worth over $1 million, yet values here in north San Diego are still barely moving
- My designs with
Need to start to get budget clarity around how much it costs to build my Mallorca Modern homes
Horrific January
What a horrible three weeks this has been.
On top of all the losses from 2015, global markets dived in January by nearly 10%.
My 401K saw all my contributions from the entire 2015 turn into losses. A massive sea of red in my account that will take all of 2016 to recover.
These lurching swings eat away at my confidence daily, leading me to feel exhausted and hopeless. The horror of the presidential election, the sexual abuse in Cologne, it's just been a terrible start to 2015 from every respect. It feels like all good intentions of 2015 are being attacked by hideous people around the world. Trump, Palin, moronic Tea Party Republicans, sexually primative Syrian refugees, the Koch brothers. It's all just disgusting, like all the awful energies of the world are just being fueled by some awful destructive energy right now.
Even my garden seems to be rebelling against me, with a huge die off of my beautiful apintinea getting worse and covering the ground in rotting vegetation.
Sylvia had to borrow money just before the end of the year just to make her credit card payments and avoid huge fees. She used all the cash I received from the BMW repair and her parents gifts to me.
I feel sucked dry by the constant demands of my family, the inability of my wife and kids to help sufficiently around the house, and the uncontrolled nature of the assets that underpin our net worth. It makes the future seem just depressing and hopeless.
I did some great work during the holidays redesigning my financial independence plan, only to see all that energy destroyed by the markets. Completely depressing.
On top of all the losses from 2015, global markets dived in January by nearly 10%.
My 401K saw all my contributions from the entire 2015 turn into losses. A massive sea of red in my account that will take all of 2016 to recover.
These lurching swings eat away at my confidence daily, leading me to feel exhausted and hopeless. The horror of the presidential election, the sexual abuse in Cologne, it's just been a terrible start to 2015 from every respect. It feels like all good intentions of 2015 are being attacked by hideous people around the world. Trump, Palin, moronic Tea Party Republicans, sexually primative Syrian refugees, the Koch brothers. It's all just disgusting, like all the awful energies of the world are just being fueled by some awful destructive energy right now.
Even my garden seems to be rebelling against me, with a huge die off of my beautiful apintinea getting worse and covering the ground in rotting vegetation.
Sylvia had to borrow money just before the end of the year just to make her credit card payments and avoid huge fees. She used all the cash I received from the BMW repair and her parents gifts to me.
I feel sucked dry by the constant demands of my family, the inability of my wife and kids to help sufficiently around the house, and the uncontrolled nature of the assets that underpin our net worth. It makes the future seem just depressing and hopeless.
I did some great work during the holidays redesigning my financial independence plan, only to see all that energy destroyed by the markets. Completely depressing.
Rainwater Harvesting
http://www.csemag.com/single-article/rainwater-harvesting-system-design/1cb44b02df740b41b87b97144e75bb61.html
Money - Master the Game
Notes from Money Master the Game by Tony Robbins
401K - Investigate Roth IRA
Pay attention to fees
Index Funds
401K - Investigate Roth IRA
Pay attention to fees
Index Funds
Investment Property Goal Process
Investment Property Goal
- Buy 8 investment properties using the proceeds from Eden2
Goal Process
Okay, we’re going to begin. You may keep your eyes open or closed as you like.
Are you nervous or excited about doing this process?
Proceed with Neutralize Protocol
How do you feel?
Proceed with Neutralize Protocol
Do you have any doubts about running this process correctly?
Proceed with Neutralize Protocol
Now, put your attention on a goal you wish to achieve.
Do you have any expectations for the results of this process relative to the goal?
Proceed with Neutralize Protocol
Is there something about this goal you think you may never be handled?
Proceed with Neutralize Protocol
Is there a part of this goal that you can’t imagine coming about?
Proceed with Neutralize Protocol
Are you creating an idea that you’ve failed in this goal before?
Proceed with Neutralize Protocol
Are you creating an idea you will fail in this goal in the future
Proceed with Neutralize Protocol
Regarding you goal, are you creating a lack of physical ability?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a emotional barrier or fear?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a lack of knowledge?
Proceed with Neutralize Protocol
Regarding your goal are you creating a lack of spiritual presence?
Proceed with Neutralize Protocol
Create an impression of yourself when you first decided upon your goal.
Now create an impression of every obstacle you have so far overcome, since deciding on your goal.
Now create an impression of the person who you think you need to be, to achieve the goal.
Experience what that person is doing as they achieve their goal.
Experience what that person is seeing as they achieve their goal.
Experience what that person is hearing as they achieve their goal.
Experience who that person is with as they achieve their goal.
Experience that person receiving or spending money if required to achieve their goal.
Experience that person thinking the thoughts required to achieve their goal.
Experience that person feeling the emotions required to achieve their goal.
Proceed with
Experience that person feeling the frustration required to achieve their goal.
Experience that person feeling elation at the achievement of their goal.
Now totally be the person who is experiencing all of those things.
Proceed with NeuroYou Protocol
My Wealth Building Creed
My Wealth Building Creed
- I will build wealth continuously, exponentially and safely.
- I will build wealth by placing integrity and ethics first at all times.
- Building wealth allows me to become more of who I want to be.
- I qualify for amazing income and wealth building opportunities, happily receive money, gratefully take profits, and accumulate wealth exponentially.
401K Trading 2016 - Goal Process
401K Trading 2016
- Strictly follow 20/80 Rule: Buy only at RSI 20 and below, sell only at RSI 80 and above
- If trade is over 60 days and profit is minimum, sell at any profit.
- Use tracking spreadsheet
- Check prices every day
- Maximise capital utilization by finding additional diversified funds
Goal Process
Okay, we’re going to begin. You may keep your eyes open or closed as you like.
Are you nervous or excited about doing this process?
Proceed with Neutralize Protocol
How do you feel?
Proceed with Neutralize Protocol
Do you have any doubts about running this process correctly?
Proceed with Neutralize Protocol
Now, put your attention on a goal you wish to achieve.
Do you have any expectations for the results of this process relative to the goal?
Proceed with Neutralize Protocol
Is there something about this goal you think you may never be handled?
Proceed with Neutralize Protocol
Is there a part of this goal that you can’t imagine coming about?
Proceed with Neutralize Protocol
Are you creating an idea that you’ve failed in this goal before?
Proceed with Neutralize Protocol
Are you creating an idea you will fail in this goal in the future
Proceed with Neutralize Protocol
Regarding you goal, are you creating a lack of physical ability?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a emotional barrier or fear?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a lack of knowledge?
Proceed with Neutralize Protocol
Regarding your goal are you creating a lack of spiritual presence?
Proceed with Neutralize Protocol
Create an impression of yourself when you first decided upon your goal.
Proceed with Neuro Future Protocol
Now create an impression of every obstacle you have so far overcome, since deciding on your goal.
Proceed with
Now create an impression of the person who you think you need to be, to achieve the goal.
Proceed with
Experience what that person is doing as they achieve their goal.
Proceed with
Experience what that person is seeing as they achieve their goal.
Proceed with
Experience what that person is hearing as they achieve their goal.
Proceed with
Experience who that person is with as they achieve their goal.
Proceed with
Experience that person receiving or spending money if required to achieve their goal.
Proceed with
Experience that person thinking the thoughts required to achieve their goal.
Experience that person feeling the emotions required to achieve their goal.
Proceed with
Experience that person feeling the frustration required to achieve their goal.
Experience that person felling elation at the achievement of their goal.
Now totally be the person who is experiencing all of those things.
Proceed with NeuroYou Protocol
Insights
Is 100% a year possible?
Visualized making money in my 401K asmagic. I spent a few minutes each day looking at brightly colored charts and spreadsheets, and as if by magic there is hundreds and sometimes thousands of dollars magically appearing in my account each month.
New paradigm: Money is magic, and I am a Wizard
Mallorca Modern Goal Process
Mallorca Modern
- Bring contemporary Mediterranean living to the 'Tuscany of the USA'
- Manifest my 'what I would do if I could not fail' goal.
- Create dream homes as a dream profession
Goal Process
Okay, we’re going to begin. You may keep your eyes open or closed as you like.
Are you nervous or excited about doing this process?
Proceed with Neutralize Protocol
How do you feel?
Proceed with Neutralize Protocol
Do you have any doubts about running this process correctly?
Proceed with Neutralize Protocol
Now, put your attention on a goal you wish to achieve.
Do you have any expectations for the results of this process relative to the goal?
Proceed with Neutralize Protocol
Is there something about this goal you think you may never be handled?
Proceed with Neutralize Protocol
Is there a part of this goal that you can’t imagine coming about?
Proceed with Neutralize Protocol
Are you creating an idea that you’ve failed in this goal before?
Proceed with Neutralize Protocol
Are you creating an idea you will fail in this goal in the future
Proceed with Neutralize Protocol
Regarding you goal, are you creating a lack of physical ability?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a emotional barrier or fear?
Proceed with Neutralize Protocol
Regarding your goal, are you creating a lack of knowledge?
Proceed with Neutralize Protocol
Regarding your goal are you creating a lack of spiritual presence?
Proceed with Neutralize Protocol
Create an impression of yourself when you first decided upon your goal.
Now, create and impression of how you feel about your goal right now.
Now create an impression of every obstacle you have so far overcome, since deciding on your goal.
Now create an impression of the person who you think you need to be, to achieve the goal.
Experience what that person is doing as they achieve their goal.
Experience what that person is seeing as they achieve their goal.
Experience what that person is hearing as they achieve their goal.
Experience who that person is with as they achieve their goal.
Experience that person receiving or spending money if required to achieve their goal.
Experience that person thinking the thoughts required to achieve their goal.
Experience that person feeling the emotions required to achieve their goal.
Proceed with
Experience that person feeling the frustration required to achieve their goal.
Experience that person felling elation at the achievement of their goal.
Now totally be the person who is experiencing all of those things.
Now totally be the person who is experiencing all of those things.
Proceed with NeuroYou Protocol
Insights
- Bring everything I have to the table
- Design, planning, execution, vision, style, attention to detail
- This is an exercise in manifestation
- Niggling belief: I am not enough
Jason Hartman Investment Properties
To subscribe to our free weekly podcast, go to http://www.JasonHartman.com/podcast/.
To search for income properties, go to http://www.JasonHartman.com/properties/.
To search for income properties, go to http://www.JasonHartman.com/properties/.
oliver@jasonhartman.com
Depreciation
IRS Website
The Basics
The following section discusses the information you will need to have about the rental property and the decisions to be made before figuring your depreciation deduction.
You can depreciate your property if it meets all the following requirements.
Property you own. To claim depreciation, you usually must be the owner of the property. You are considered to be the owner of property even if it is subject to a debt.
Property having a determinable useful life. To be depreciable, your property must have a determinable useful life. This means that it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes.
ACRS Depreciation
This section explains how to determine which MACRS depreciation system applies to your property. It also discusses other information you need to know before you can figure depreciation under MACRS. This information includes the property's:
- Recovery class,
- Applicable recovery period,
- Convention,
- Placed-in-service date,
- Basis for depreciation, and
- Depreciation method.
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