“Surprising News: Jobs Report Falls Short While Blackstone Implements Withdrawal Limits”

Blackstone, a $100 billion company, has experienced a “bank run” on its illiquid asset fund, leading to the company imposing withdrawal limits. This has caused worry in the market, particularly in the real estate sector, with increasing fears of a recession on the horizon. However, some investors are seeing the potential for cheap real estate deals in the coming year. In response to market turbulence, YouTuber Sam recommends dollar cost averaging and shares his best-performing dividend and income growth portfolio. The November jobs report showed a rise in payrolls of 263,000, but the markets have turned down on the news.

Navigating Turbulent Times: Blackstone Bank Run and November Jobs Report

Introduction

How’s it going everyone? It’s Sam, and today we have news of a bank run on Blackstone. I want to discuss this situation and how we can navigate these turbulent times.

The Blackstone Bank Run

This isn’t a traditional bank run, but rather a withdrawal of assets in a highly illiquid fund. Blackstone is a hundred billion dollar company and they can’t allow these withdrawals to continue. The fund in question has a redemption limit and has hit its five percent quarterly threshold.

This fund has performed well over the past three years with annualized returns of 15.5 percent and a distribution rate of 4.4 percent. This fund is only available to high net worth individuals and family offices, and they’ve seen over two percent of their net asset value withdrawn this month. Blackstone is selling some properties to Vichy for a profit, but there is still fear in the market.

November Jobs Report

In other news, the November jobs report showed payrolls rising by 263,000 with an unemployment rate holding at 3.7 percent. Initially, this seems like good news for the economy, but it could give the Federal Reserve more reason to continue raising rates. Average hourly earnings are up 0.6 percent versus 0.3 percent expected, which is not great news for the job spiral or the wage price spiral.

Market Turmoil and Dollar Cost Averaging

The markets have turned down on this news, and we are currently hitting an important level. Unless we come back up a few percent, it looks like we are in the middle of being rejected again, and we might see lower lows like we’ve seen in the past. Dollar-cost averaging can help navigate this kind of market volatility.

One of my best-performing portfolios is my dividend and income growth portfolio. I’ve been dollar-cost averaging this for two and a half years and I’m up 12 percent overall. I’ve put in $13,000 in that time, consistently putting in $100 a week. This is a more stable portfolio, and it will do better than high-risk assets in times like these.

Closing Thoughts

In conclusion, we’re living in turbulent times with the Blackstone bank run and the November jobs report. I encourage you to keep a level head and consider dollar-cost averaging to navigate market volatility. Also, keep an eye out for potential real estate deals in the coming year. Thanks for tuning in, and I’ll see you in the next video!

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Is the Crypto World Turning its Back on Meme Coins?

Adyen is set to expand its offering of payment services to Canadian merchants. The Dutch payments firm has received authorisation from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC),...

Is This Growth Stock Severely Undervalued? Anticipating 1600% Revenue Growth in One Year!

In a YouTube video, Sam discusses CleanSpark (CLSK), a bitcoin mining company he believes to be underrated and undervalued compared to its peers. Despite lawsuits against CLSK, Sam is bullish on the company...

Plan Your Millionaire Strategy for Profit Taking Before the Next Bull Run!

In a video about cryptocurrency investing, the presenter emphasises the importance of taking profits and shares his own mistakes from 2021 where he did not take profits and lost out in the bill market....

Discover Hypermine - Your Ticket to Success in the Bear Market on Pulsechain!

HyperMine.club, a dynamic and community-driven ecosystem for the new PulseChain community, will be launched on PulseChain after its launch. Its native token has no pre-allocations and the management team...

Diamond BUSD: The Hot New Crypto Staking That Earns BUSD While You Sleep - Discover Proof and Results! πŸ’° πŸš€

Jim Crypto has posted a follow-up video to his Diamond B USD review, showing the progress made since his last video and discussing the cryptocurrency’s features. He highlights the smart contract’s...

Attention XRP & Crypto Holders: This is a Must-See!

In this video, the host, Dusty, discusses the recent drama in the crypto world, including a debate between Craig Wright, the Bitcoin founder, and David Swartz, the CTO of Ripple. Dusty also mentions his...

"Could SUI Network Be The Next Game-Changer in the World of Altcoins?"

Suite Network is a new cryptocurrency project that has gained attention online and is currently trading at 1.34. The project is a layer 1 blockchain, meaning it competes with the likes of Bitcoin and Ethereum,...

Unraveling the Mystery: The Exact Number of HBAR to Achieve Millionaire Status!

A video by BitBoy Crypto explores how to become a millionaire through investing in HBAR tokens, which serve the Hedera project, a hashgraph that differs from the typical blockchain. Assuming HBAR will...

Unbelievable Crypto Hearing: What's Going On Here?!

The US government continues to crack down on the cryptocurrency industry, causing investors to speculate which projects and companies will be targeted next by regulators like the SEC. A recent Congressional...

Discover CryptoUnity: Open the Door to Financial Freedom and Secure Your Spot in the CUT Presale Today!

Crypto Unity is an all-in-one platform designed for beginners in the world of crypto and blockchain. The platform offers a simple user interface and user experience, a crypto exchange, education in the...
Load More

Comments

Comments

Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap

AND FOLLOW
Share
Twitter
Telegram
Facebook
LinkedIn
Reddit
Email

Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks