Right now silver and gold are the hot topic. There is a nice pullback happening now on 12/29. Let’s see if we get consolidation and a breakout and we can trade it together. Edit: opened a starter position at $66. Will sell if we fall below the low of day @$64. Edit: doubled position premarket on 12/30 at $69. Stop loss moved to $66 so first position won’t lose. Barring disaster of course.

Today I invested $40k into another investor’s note. It should make us both $60k in 3 months: What is a note? It’s essentially debt. A mortgage or a car note are tangible examples. So what’s the story? A gentleman “Bob” had a portfolio of rental houses that he seller financed to the tenants. This was a nice thing to do because they can own their homes rather than being renters. This created a bunch of notes. Bob passed away and his heirs inherited the notes, problem is they don’t want notes. They want cash. My friend Tim (the other investor) somehow got linked up with the estate attorney and offered to buy all 5 notes from the estate. Tim approached me and said he had a note with a present value of $120k (consider this the balance on the mortgage) that he purchased for $60k. He got a big discount because he was buying them all and the heirs wanted to liquidate. I told Tim I would give him $40k for 1/3 ownership in the note. Tim is working with the owner of the home (previously the tenant) to sell the home and build their dream home in the mountains. He expects they will list and sell their home this spring, our unpaid balance of $120k will be paid off. $60k profit, I get $20k and Tim gets $40k. Tim has $20k in this (he’s doubling his money in 3 months) I have $40k in this (I’m getting 50% in 3 months) And that’s how a note works, there’s also a lesson in there about finding good Realestate deals and having others pay for them. Opportunities like this are only available if you network in person for Realestate. If I didn’t go to local Realestate meetings I wouldn’t know Tim. If Tim didn’t network he would have never been introduced to the estate attorney.