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Manic Monday – S&P 3,000 Holds as We Pass 10M Infections, 500,000 Deaths

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I guess people ignore stuff all the time.

There were 165,534 NEW cases of Covid-19 YESTERDAY – that's double China's TOTAL number of cases yet President Trump still calls it the China virus while China calls it the President's total failure to contain the virus like they did more than 2 months ago.

ALL Donald Trump had to do was do what the Chinese did and what most of Asia did to contain the virus and this never would have happened.  Instead the President ignored the experts, denied the virus was a thread, did not react fast enough or appropriately when he finally did act and TO THIS DAY, he still isn't doing what needs to be done to contain this Global threat and 38,845 people were infected in the US alone yesterday -  HALF of China's TOTAL infections from the "Kung Flu" as the President likes to call it.

Florida, where I live, had a 6.4% rise in infections on SUNDAY – that's pretty much a doubling rate of 10 days!  We are back to a state of emergency a month after opening but everyone knows it's too late – there's really no going back now.  On Thursday, Trump’s administration asked the Supreme Court to throw out the Affordable Care Act, including its protections for people with pre-existing health conditions, in its entirety — despite the president’s frequent insistence that he will always protect such patients. He has never offered a plan to replace the law known as Obamacare.

On Saturday, Trump said on Twitter that he’d win re-election, once again proclaiming that a “silent majority” supports him. He boasted about high television ratings for his recent campaign events and said “these are the real polls, the Silent Majority, not FAKE POLLS!”  Trump has repeatedly said, falsely, that the U.S. has more cases of Covid-19 because it’s conducting more testing for the disease. He’s also expressed skepticism that some of the reported cases are real.  “You’re going to have a kid with the sniffles, and they’ll say it’s coronavirus,” he said Thursday.

DURING a White House coronavirus task force briefing Friday — its first in two months, held at Health and Human Services headquarters and without Trump — the president tweeted a wanted poster for 15 people who allegedly
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Why European Investors Interested In US ETFs Are Turning To US Brokers

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By: Spencer Israel

The MiFID II regulations that came into effect at the beginning of 2018 have changed the way European investors invest in U.S.-listed ETFs. 

MiFID II, or Markets in Financial Instruments Directive II, was enacted by the European Union to create more protections for European investors. One of those protections is the regulation of PRIIPs, or Packaged Retail Investment and Insurance Products. 

The category of investments that can be categorized as PRIIPs is broad, and includes any marketed security with exposure to an underlying asset. To comply with the regulation, fund providers are required to create a standardized “key information document” that gives investors details on a fund’s risk factors, costs, and loss potential. 

But two years later, most U.S. ETF providers have chosen not to make their funds compliant with the regulation, which has in turn made European brokerages unable to offer those products to clients. 

As JustETF noted, many U.S. ETF issuers have chosen not to comply with the new regulation, “as they mostly serve the US market, producing EU-approved information at their own cost is not a priority.” Some U.S. fund providers have created European equivalents of their U.S. funds—these are known as UCITS ETFs—but these tend to have higher expense ratios and are less liquid than the U.S. versions. 

This has created a dilemma for European investors seeking to invest in the U.S. ETF market, which rose to over $4 trillion in assets in November. With European brokerages unable to offer ETFs not in compliance with MiFID II, the vast majority European retail investors are locked out of investing in U.S. funds. 

Some European brokers allow a “sophisticated investor” exemption to this rule if the client works in the financial services industry, has a high account balance, or has experience buying and selling ETFs. But for everyone else, the new regulation has prompted those who want to trade U.S. ETF’s to come to U.S. brokerages, though even that has proven more difficult for some.

In August, Charles Schwab announced that clients in the EU, including the U.K., would no longer be able to buy U.S.-based ETFs—though clients would be allowed to retain or sell their existing holdings. 

In most cases however, European investors can still invest in U.S.-listed ETFs and ETNs, though they need to find an alternative option to their domestic broker in order to do so. 

They should also be aware that the added layer of creating an account at a U.S. brokerage can create other risks such as exchange fees, extra taxes, and additional regulations.

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The post Why European Investors Interested In US ETFs Are Turning To US Brokers appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.



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How to Start a Business Using Retail Arbitrage

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If you’ve ever shopped for items at TJMaxx or on eBay, you’ve encountered retail arbitrage. It’s a prolific practice, and nearly impossible to avoid. One of the reasons retail arbitrage is so common is because there is consumer demand and – for sellers – it’s profitable. When it comes to leveraging retail arbitrage for selling, many people do it to supplement their income, while others turn it into a business. But what does retail arbitrage mean? Is it really that profitable? And, how do you start a business using retail arbitrage?

What is Retail Arbitrage?

Retail arbitrage, as a concept, is actually very simple; which is likely why it’s so common. At its core, retail arbitrage is simply purchasing products from a retailer at a lower price and reselling it for profit. If done right, buyers-turned-merchants can sell the products at a much higher profit margin than the original discounted price.

For example, say Target has a sale on board games. The original MSRP is $30, but on sale, the price is $15. You purchase all the board games they have in stock at the discounted rate and resell them for $29 a piece. You make a $14 profit on every board game you sell (excluding taxes and shipping). This is retail arbitrage. You can apply this method to absolutely any consumer good. The most common items that resell for strong profits include: Toys, appliances, electronics, and clothing.

It sounds like a brilliant strategy, right? Especially if you’re looking at it as a method for starting a small business. And, if you’re looking to do this on a larger scale, there are ways to secure discounted products in bulk (versus buying single items off the shelves at Target). Large retailers liquidate their products while the demand is still high which provides an efficient way to purchase large quantities of popular goods to resell back to consumers—but is there a catch? Let’s look at some of the challenges and best practices when it comes to retail arbitrage.

Challenges of Retail Arbitrage

The first thing you need to know about retail arbitration is that it’s a perfectly legit way to make money. In fact, there was a Supreme Court ruling on the topic. The Court determined product resales are not prohibited if they were legally acquired. In other words, if you bought the merchandise, you can resell it.

There aren’t many limits on retail arbitration, except customers buying power. For instance, some sellers drastically mark up their prices over the original retail price. While this may work for some items and some customers, it’s not always ideal. It also doesn’t necessarily guarantee the greatest profit. Sellers should always assume their customers are smart; they typically do their research, especially when purchasing online. Often, they know the in-store price and went online to search for a better value. Simply put, if you mark your prices too high it’s almost guaranteed people will notice. On the flipside, if you mark them too low and you risk not turning a profit, especially after factoring in shipping and taxes.

Another challenge of retail arbitrage you may face is from the retailers themselves. Some sellers receive harassment from retailers that don’t want their products resold. While they legally can’t take action, this can be stressful for some. Additionally, if you’re reselling on Amazon, brand gating may occur. Brand gating is part of an application process in which third party sellers reselling a brand name product must fulfill certain guidelines. These guidelines are in place to protect buyers against counterfeiters and unauthorized sellers across the site. Amazon protects legitimate resellers because they help generate profits for the site. But they also protect big retailers: If a brand has brand gating in place, you need its permission to resell the items. If the retailer doesn’t grant permission, resellers will be forced to list that product on another site.

And, finally, the biggest challenge of retail arbitrage is the obvious one: You risk losing money on your investment. Especially if a product was on sale due to a default or recall. In order to make money, you must have a good product at a good price. You also have to consider that others take a cut of your profit. You’ll pay tax, shipping, and fees to the site you’re using, plus your original purchase price. Always remember there are middlemen in reselling. Choose your products wisely and understand your margins.

Retail Arbitrage for Beginners

Don’t let the challenges discourage you, there are still huge benefits to retail arbitrage. One, of course, is the potential for profit. But it’s also important to remember that retail arbitration is incredibly easy to start. You can begin with as little as $200 and a few products from your local Walmart.

Here are the four steps you need to take to get started:

Market Research

Though you can resell anything online, you may consider doing some market research. Visit sites like Amazon and search through the bestseller categories.

Sourcing

Before you even register for a seller account on any site, you have to source products. Scour your local retailers for discounted items that are likely to resell well online. For the best results, select items that are in higher demand. Keep in mind you’ll get just a little inventory to begin with and it requires keeping an eye out for big sales. As mentioned earlier in the article, you could also check out online liquidation sites and buy pallets of inventory in bulk from top retailers. Again, you can sell anything, but items with higher demand will sell faster and easier.

Register for a Seller Account

Amazon is the most popular selling platform. It’s also one of the easiest platforms to work with. With the seller app, you can scan sale items in-store to see comparison prices on Amazon. The app also shows fees, shipping costs, and other details. This helps you determine whether or not you’ll make a profit from the scanned items. However, do your research as each site has its own rules, fees, and features. Some sites are better suited to furniture reselling due to included shipping costs. Others only charge per item sold. Take time to find the best sites for retail arbitrage and choosing your products for the best chance at success.

List Items

Setting your prices is relatively easy. In most cases, you can set the price at or just below market value. You may also check comparison prices on the site you’re using. Plus, don’t forget to factor in your shipping costs, taxes, and seller fees. You should maintain a profit minimum of at least $3.

If you’re a high volume reseller, you may consider shipping your products to FBA warehouses. FBA warehouses are Fulfillment by Amazon warehouses, which handle shipping for you. This way you can ship items in bulk for the same price, and let Amazon handle individual shipping.

Retail arbitrage has the ability to create big business, and it’s simple to get started. The first step is to source products. As mentioned above, you can search your local retailers for discounted or clearance products, but there is a better way. Retailers, especially those in e-commerce, see product returns at a rate of about 30%. These companies often sell returns by the pallet through auction marketplaces. Many of these products are resold directly from the retailer at 30 cents on the dollar. This leaves a lot of room for profit and it’s completely open to certified resellers. Potential resellers should know that certification isn’t difficult to acquire so don’t be intimidated.

Learn more about buying return pallets, or get your business started by visiting B-Stock. We’re the source for dozens of retailer marketplaces across the country. So if you’re ready to start your retail arbitrage business, start buying heavily discounted products at B-Stock.

The post How to Start a Business Using Retail Arbitrage appeared first on B-Stock Solutions.



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Mindspace REIT IPO Review

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Mindspace REIT IPO Details:

Issue Open Date: 27th July 2020

Issue Close Date: 29th July 2020

Equity Shares offered: 6.77 Cr

Price Band: 274-275

Issue Size: 4,500 Cr

Min Lot Size: 200 (Rs. 55,000)

Purpose of the offer

Net Proceeds of the issue are proposed to be utilized in:

  • Repayment of certain debt facilities of the Asset SPVs availed from banks/financial institutions
  • Purchase of Non-Convertible Redeemable Preference Shares of the company
  • Offer for sale to existing investors

About Mindspace REITs

Promoted by Cape Trading LLP and Anbee Constructions LLP (Blackstone & K Raheja Group) Mindspace REIT was registered with SEBI on December, 2019, at Mumbai. Mindspace Business Parks REIT has a quality office portfolio in Mumbai, Hyderabad, Pune and Chennai.

The business parks in Mumbai are Mindspace Airoli East Business Park, Mindspace Airoli West Business Park, Paradigm Mindspace Malad and The Square, BKC(2). The properties in the Pune include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. The Chennai property of the company is Commerzone Porur. And, the office parks in Hydrabad are Commerzone Pocharam and Mindspace Madhapur.

The total leasable area of Mindspace Business Parks is 12.1 msf, 11.6 msf, 5.0 msf and 0.8 msf in Mumbai, Hyderabad, Pune and Chennai, respectively.

With total leasable area of 29.5 msf, it has one of the largest Grades-A office portfolios in India. The under-construction area of the company is 2.8 m sq ft. The future construction of Mindspace Business is spread across Hyderabad, Chennai, and Mumbai in a 3.6 m sq ft area.

Mindspace REIT IPO offices

MoneyWorks4me Opinion

Mindspace REIT holds premium properties in four different metropolitan cities where demand for commercial properties is high. It has close to 50% property leased to IT and ITes and no particular client contributes more than 8% in gross rentals.

India is experiencing high growth in captive support services of MNCs and existing IT services companies thanks to low cost human resources and English speaking population. This makes commercial REIT attractive as they will have good demand for companies shifting their backend/support to India.

From FY18 to FY20, Mindspace has leased 7.6 msf of office space and grown its portfolio by 4.9 msf primarily through strategic on-campus development. Maintained high occupancy of 92% and saw rental growth of 6.7% CAGR.

Risks

  • Due to subdued economic activity, we may see slow employee additions and hence fall in demand for commercial real estate, this may lead to either low occupancy or lower yield due to aggressive negotiations impacting overall distribution (yield) from the REIT.
  • Work from Home, currently at nascent stage, can gain traction causing oversupply in commercial real estate market at least in the near term again impacting occupancy and distribution.

Based on stated income distribution (yield) of 7.5%, it may appear reasonably priced but with risk of fall in distribution, limited growth component, this yield is inadequate. We recommend AVOID.

There might be fall in REIT price to reflect better yield as distribution may remain constant while fall in REIT price increases our Return on Investment. We will be tracking the REIT for investment at a later date.

We are very positive on the opportunity available to invest in Real Estate through REIT, but we are cautious to make any decision about making a Real Estate investment today due to i) lower yield, ii) uncertainty on near to medium term trend in real estate iii) limited growth avenues within this REIT to compensate paying up.

What is REIT?

What is REIT

REIT is a pool of developed assets held and protected by Trustee. It receives rental from lessee and managers handle the collection and maintenance of facilities. This is closet to holding actual real estate in exchange of earning a rent on the same. Usually commercial real estate are best to own as they accrue better rental yield and growth in yield in lines with inflation, assuming no competition or demand issues.

Real Estate as an asset class provides non-correlated returns to equity and gold. It also has regular income similar to Fixed income. Investors with smaller surplus (less than Rs. 3-5 Cr) can diversify their assets into real estate through REIT as smaller portfolio can’t invest in real estate directly due to large ticket size of property. For larger portfolio, investing in 1-2 commercial properties or shops is a good way to diversify their savings.

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