PODCAST

Breakaway - Investing & Finance

Sean Hathaway

Breakaway from the haters and mainstream thought. Learn about Investing, Finance and the Economy in a plain english and entertaining way. Understand the business environment and make money investing. Uncertainty in the markets driven by viruses, anarchy, politics and craziness is simply opportunity. Facts and truth here.

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Austin, Markets, Housing, Elon/SpaceX, Elon&Twitter!
Jun 17 2022
Austin, Markets, Housing, Elon/SpaceX, Elon&Twitter!
Austin Texas bachelor party. I love that town. Dr. Emperor of masks and vaccs Fauci has Covid; and he’s been vaccinated 4 times. Chesa Boudin the progressive DA of the most progressive city was recalled. Are people actually getting tired of crime? Markets: S&P down 23% and Nasdaq 100 down 30%. Fed just raised 0.75% this week. First time since 1994. Now we’re at 1.75%. Inflation. Gas. War. 8.6% 100% up for gas. News flash: interest rate hikes don’t drive gas prices down. Credit card companies make a lot more money when gas prices double. Their revenue doubles. Buy Visa and Mastercard?Housing: In Jan 2021 30 yr mortgage rate was 2.65%. Avg home price $402k. Today. 5.78% and $570k. 20% down payment. Monthly payment is $1,294 to $2,671. 106% increase. Rates are 3% higher. So $500k loan. $15k/year or $1,250/mo. I personally just saw more houses for sale on Zillow in my neighborhood, more than ever. USA Today removes 23 articles after a reporter fabricated sources. USA today is allegedly a “fact checker” for Facebook and possibly Twitter. Musk at Twitter All-hands.  Elon Musk: SpaceX fires employees. No unsolicited employee activism needed!! NYT reporting on letter. Brian Armstrong did this at Coinbase. “The letter, solicitations and general process made employees feel uncomfortable, intimidated and bullied, and/or angry because the letter pressured them to sign onto something that did not reflect their views,” Ms. Shotwell wrote. “We have too much critical work to accomplish and no need for this kind of overreaching activism.”Twitter: So casual. Looks like he is on iPhone and some dude walking around in kitchen in background. 200m daily users. 7.8b Gap. 8b in world. Wants 1b at least. How to verify. $3/month. Payments. Entertaining advertising.Video: Talk about how to make Twitter better! 2: How do you define success. Netflix take some lessons! TikTok!! Electrician and immigration. 3 strategies: PHD’s. Lower labor. Refugees. AND Strong borders. Tesla stuck in the mountains.
Austin, Markets, Housing, Elon/SpaceX, Elon&Twitter!
Jun 17 2022
Austin, Markets, Housing, Elon/SpaceX, Elon&Twitter!
Austin Texas bachelor party. I love that town. Dr. Emperor of masks and vaccs Fauci has Covid; and he’s been vaccinated 4 times. Chesa Boudin the progressive DA of the most progressive city was recalled. Are people actually getting tired of crime? Markets: S&P down 23% and Nasdaq 100 down 30%. Fed just raised 0.75% this week. First time since 1994. Now we’re at 1.75%. Inflation. Gas. War. 8.6% 100% up for gas. News flash: interest rate hikes don’t drive gas prices down. Credit card companies make a lot more money when gas prices double. Their revenue doubles. Buy Visa and Mastercard?Housing: In Jan 2021 30 yr mortgage rate was 2.65%. Avg home price $402k. Today. 5.78% and $570k. 20% down payment. Monthly payment is $1,294 to $2,671. 106% increase. Rates are 3% higher. So $500k loan. $15k/year or $1,250/mo. I personally just saw more houses for sale on Zillow in my neighborhood, more than ever. USA Today removes 23 articles after a reporter fabricated sources. USA today is allegedly a “fact checker” for Facebook and possibly Twitter. Musk at Twitter All-hands.  Elon Musk: SpaceX fires employees. No unsolicited employee activism needed!! NYT reporting on letter. Brian Armstrong did this at Coinbase. “The letter, solicitations and general process made employees feel uncomfortable, intimidated and bullied, and/or angry because the letter pressured them to sign onto something that did not reflect their views,” Ms. Shotwell wrote. “We have too much critical work to accomplish and no need for this kind of overreaching activism.”Twitter: So casual. Looks like he is on iPhone and some dude walking around in kitchen in background. 200m daily users. 7.8b Gap. 8b in world. Wants 1b at least. How to verify. $3/month. Payments. Entertaining advertising.Video: Talk about how to make Twitter better! 2: How do you define success. Netflix take some lessons! TikTok!! Electrician and immigration. 3 strategies: PHD’s. Lower labor. Refugees. AND Strong borders. Tesla stuck in the mountains.
Mike Greene, CEO ResiShares & real estate expert
Jun 7 2022
Mike Greene, CEO ResiShares & real estate expert
Mike Greene is innovating and changing the future of single-family home investment opportunities! Mike Greene is the CEO of Resi-Shares; a firm that is leveraging data, technology, and financial innovation to deliver systematically diversified appreciation and rental income from single family homes.Mike and I go back a long way having attended the MBA program at UC Berkeley.  Mike has worked his entire life in real estate including sell-side banking, buy-side and finally at HouseCanary, a company leveraging big data and AI to provide actionable insights on real estate. In this episode we talk about: When Mike co-founded his business Covid hit and he thought it would be a perfect time to invest in single-family housing, but the markets sky-rocketed and real estate prices went up. Turned out the timing was terrible, but like any great entrepreneur he persevered, learned a lot and survived! What his company Resi-Shares and other institutions are doing in the real estate markets: BlackRock, BlackStone, and investing in real estate investment trusts (REIT’s). We spend a lot of time talking about Bay Area real estate (at my admittedly selfish request). Should you buy or rent?Should you sell or rent if you’re moving? What’s going to happen to Bay Area real estate, given economy and interest rates.  We've seen a migration out of California, but housing consistently goes up in price. We dive into the why. Recommendations discussed: Anthony Bourdain - Medium RawLakers Fiction/non-fiction story: Winning Time
GunLaws, Layoffs, Economy, Crypto, Apple, TSLA, NFLX, Ricky
May 26 2022
GunLaws, Layoffs, Economy, Crypto, Apple, TSLA, NFLX, Ricky
We probably could use some reasonable gun laws that 80% of Americans agree on.  In fact, 80% of Americans would agree on a lot of things, but our politicians are so corrupted by the far left and right, its impossible to get anything done! Huge rally this week. Stocks up 4% in 4 days. Layoffs at PayPal, Netflix,  Robinhood and Bolt (one click startup payment company)Hiring Freeze/slowing at Meta, Uber, Coinbase, Microsoft, Nvidia.  Fed minutes indicated will still increase 0.5% in June and July. But then open to “wait and see”.Housing market: Mortgage rates up: 2.5% to 5%+ Home Sales are down Jan to April. 6.5m to 5.6. 15% down. Spring/summer should be up!? Single family starts lowest since Oct 2021. Mortgage purchase applications slowest since May 2020. Homebuilder sentiment lowest since June 2020. Energy. Gasoline up 80%. Crypto is not a hedge: Crypto market cap has fallen from $2.3t to 1.3t. $4.5b fund at Andreeson Horowitz. A16zMy Luna is $0. BTC. Down 56%ETH. Down 60%. DCA in still recommended. Apple holding up well in the News. $144, down 21% YtD. was down 25%Flat iPhone sales. 220m, same as 2021. Expected 240. Tormer Tesla Autopilot software engineer who left to join Apple’s secretive car project last year, has left Apple to join Luminar.Lidar vs. AI real cameras. Tesla showing different types of cars, doors open, garbage cans, cones, traffic lights…insane! Tesla: Diner3700 charging stations globally.Elon committed to buying Twitter.  Netflix: Netflix Games suck. Stranger Things. Can it have a Squid Game effect? Its been 3 years and only show streamed/seen more was final episode of GoT. In Closing: Ricky Gervais on Netflix. Tesla Charger competition.