A venerable Swiss bank is facing trouble Possible collapse - big loss and possible illiquidity
The video explains the challenge
Friday, January 20, 2023
Credit Suisse Bank crisis - how it is going to affect the world finances.
Every generation needs a revolution - an entrepreneurial revolution
Doomsayer - world wide recession in 2023
Every generation needs a revolution - an entrepreneurial revolution
Many experts: Robert Kiyosaki, banks (BoA) World Bank many YT videos predict of impending world wide recession due to China problem with Covid, world wide inflation due to US Fed increase of interest
rates, impending illiquidity of big banks (due to countries saddled with huge deficits and debt to to GDP ratio which incudes Japan and USA (over 100% - Phil at 60+ still looks healthy
We still do not know for sure how true these predictions are (but even Feng Shui experts seem to affirm that 2023 is going to be bad.)
But we must be resilient and dig in defensively: hold on to commodities - gold and silver and real estate. Currency may be worthless We can end up like Nigeria or Venenzuela (In Venenzuela, a Big Mac cost millions)
Friday, January 6, 2023
More business opportunities at the beginning of 2023 - forecasted to be bad year of the Rabbit
Every generation needs a revolution - an entrepreneurial revolution
Just had a conversation the other day with a business friend, a bank executive regarding her query of the possibility of investing in a memorial park in the capital of island province. There are no more inventories, and the land she presented to be a possible site 3 years ago at P400/00 sm is now a city
cemetery.
What are the things that favor such a project:
1. The only memorial park in the city is sold out.
2. The selling price is P115k/plot - but there are no inventories
3. The population of city is 307 k.
4. The city is first class with annual revenue of P3.8 billion
Memorial opportunities:
1. Death rate at 0.5% = 15,000 (we can sell in one year)
2. Household 300,000/5 = 60,000
3. Class A and B buyers = 10% = 30,000.
We can have buyers in excess of inventories. We can cover by having say 20,000 columbarium
Possible sites:
1. 5.2 hectare going up north at P1,200/sm (about 60m cash)
2. JV with religious for a columbarium
For the 5.2 hectare, the yield would be about 12,500 plots that can be sold for P80k per plot or 1B
What to do:
1. Talk to the religious for combi project of MP and columbarium/crematorium
2. Agree to P1,200 stagger payment, secure pre sales commitment to pay the balance.
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