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Another 100

Today I bought another 100 shares in Realty Income Corp.

So right now, I'm holding 300 shares and on the 15th of the month I'll get a payment from those shares.

This is pretty much how many shares I SHOULD have bought a couple years ago in GBTC (Bitcoin Investment Trust).  One of my friends was like "DUDE... BUY IT!  BITCOIN!"

I was like... It doesn't pay dividends.

Same with Amazon shares.

I know, I'm probably the dumbest investor alive.  But I like my income.  Yes I could create income by periodically selling off shares.

We won't talk about selling covered call options... Which is another way to create income.

My thing is... I don't want to sell my shares.  I'm also not a fan of wild speculation... Or companies that just do all kinds of crazy things to make money.

I guess I'm like a turtle.  I like slow and calculated.

It's probably the complete opposite of most people that actually run hedge funds.

I'm not a gambler I guess.

I want to own.  And then draw income from ownership.

Who knows, maybe in the future it will all just be Bitcoin and Amazon.  It's possible.

I could be totally wrong with my REITs.

I could be totally wrong with rent.

Everything might just be delivered to your house...

There is one small thing about physical common spaces.

If everyone wanted everything delivered to their house...

The home gyms of the 90s would have taken over already.

Maybe I'm wrong.

What's the deal with these Hand and Stone Massage places?

Amazon can just deliver to your house... Why are people going out in public to get their backs rubbed?

Nail salons.

Yoga studios.

Breweries.

Take home beer has been a thing FOREVER...

Now there's breweries on every corner and people can't get enough of going out to them.

All these places pay rent.

Doesn't matter to me if you pay your rent in dollars, or Bitcoin.  You're still paying rent.

There's a whole musical about it.

RENT!

Even Amazon pays rent.

https://www.geekwire.com/2017/amazon-leases-major-new-seattle-office-tower-pointing-continued-growth-hometown/

Amazon is king... But Sears was king at one point many years ago.

Anyway...

I'm a fan of commercial multi use properties that aren't retail in the traditional sense.

I like services, instead of goods.

Photography studios.

Day spas.

Cross fit gyms.

Breweries.

Beer bars.

Wine bars.

Hookah bars.

Hair salons.

There's a reason why they call it stir crazy.

Being at home is only enjoyable for so long...  And the park eventually gets boring.

Commercial real estate probably isn't going to be changing any time soon... Until we get sucked into The Matrix or something...

But for now, sure, you can order that fancy shiny new gadgitamathingamabob from Amazon and have it delivered...

But when it comes down to it and you just want to meet a friend for a coffee date...

The physical world, still applies.

Because drinking digital coffee and skyping just ain't the same.

Also, I don't know about any of you, but I was recently at the Cherry Hill Mall in NJ and they have valet parking service now for the restaurants around the mall... and let me tell you, it was PACKED... Someone forgot to tell that mall that malls are dying.

I mean, also, when was the last time that you had Amazon deliver you a mini golf game with friends or family?

Anyway, so, sure I could have made a killing off bitcoin like a lot of people have...

But for now I just feel like I'd rather get into owning income generating assets.

Eventually I'd like to expand my rent footprint and buy more things that collect rent from people.  Price appreciation and speculation has its place.

But, I don't know.... I just like rent.  I like the flow of money each month.  Steady payments.  Month, after month, after month...

I don't really like the whole... "OH MY GOD LOOK AT IT GO UP!!!!  IT'S GOING UP SO FAST!!!!!  It's UP SOOOO HIGH!!!! Annnnnnd look at it come back down... Awww man.  I was rich for like a day.  Damn it."