😬 Negative Wealth Effect?

This week's top stories for entrepreneurs turned investors, with updates on the markets, online business, real estate, startups, and crypto/NFTs.

Nov 03, 2022

Hi there 👋,

Following in the ECB’s footsteps, the Fed approved a 75 basis point rate hike yesterday, the highest since 2008. Stocks (and crypto) were initially up, but then crashed and burned after Powell said the intent was to continue to hike…

(AI generated image by a tool in Startups Update)

MARKETS UPDATE

Not wanting to miss out on the fun, the Bank of England just raised interest rates by 75 basis points, its eighth consecutive hike, taking the Bank Rate to 3%. This is the largest increase since 1989.
Job openings unexpectedly rose in September, despite the Fed’s aggressive actions.
Are you feeling the negative wealth effect? It’s supposedly the most pronounced in history as a percentage of GDP:

ONLINE BIZNASS UPDATE

Travis wrote about how Onfolio stock is trading for around half of the cash they raised in their IPO.
Andrew Gazdecki acquires the domain acquire.com to use in a rebrand of Micro Acquire - J Cal says “nicely done”.
Don't Fall for the Anti-Linkbuilding Propaganda by BowTiedTetra. Read why the gurus lie you to about links.
Richard Patey at Acquire.GG is now doing a combined weekly Deal Flow email, with both content site and aged domain picks, where sellers can choose to list pre-market for free:

Acquire

Acquire Deal Flow: 5 Content Sites, 4 Aged Domains

Hey there 👋, I’ve now combined the previous content site picks on Flippa and aged domain newsletters into one, and also included the ability for people to feature their content sites and domains pre-market. If you haven’t already, you can subscribe below…

2 years ago · 2 likes · Richard Patey

Cash-Flowing & Non-correlated 20%+ Returns 🤑🤑

The S&P 500 is down 19% YTD, real estate is looking dodgy, and inflation is bananas.

Meanwhile, Empire Flipper’s Capital Round 1 delivered 14.6% investor cash yields over the last twelve months and is on track for over 20% annualized lifetime returns.

Don’t miss out on the opportunities that this recession is putting forward.

A new EFC Round is now open!

Empire Flippers Capital is a passive, cash-flowing and non-correlated investment vehicle into the asset class of online businesses.

Diversification is the name of the game in investing and online businesses are providing an incredible opportunity for accredited investors during this dip, don’t miss out.

Click Here to Get Access to Round 4 Deals

CRYPTO / NFT UPDATE

Instagram will soon allow creators to mint and sell NFTs (on Polygon) within the app, but will be subject to the 30% App Store tax. Like Reddit, Meta are calling these “digital collectibles”.
Three crypto ETFs to be delisted in Australia. This is after Valkyrie announced its plans to close its Balance Sheet Opportunities ETF last month.
Researchers found that "90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually”.
Klever, the permissionless blockchain network, has partnered with Unstoppable Domains to offer every Wallet holder a free .klever domain.
GameStop launches an NFT marketplace on ImmutableX.

STARTUPS UPDATE

Money Minx by Hussein Yahfoufi is joining Arta Finance via an acquisition, to launch the digital family office for the world.
We’ve been having fun playing with the generative tool stableboost.ai to create images (and videos) such as the “stock market on fire” image at the top of this email. And OpenAI (behind AI systems like GPT-3) opens its first accelerator to provide 10 or so founders with $1M capital and resources.
We are power users of Notion at investing.io, so it’s great to see an AI writer for Notion launch called WebCoPilot.
Mozilla has earmarked $35M for the launch of its venture capital fund. Mozilla Ventures intends to back “responsible” startups through its venture capital arm.

🦄 SEOs with Skin in the Game

Smash Digital - a growth agency, filled to the brim with unicorn images and SEO memes. A team of SEOs with actual skin in the game, ranking their own portfolio of profitable businesses, and offering the exact same services to clients.

An agency with so much link juice you’ll need a mop and bucket to clean it all up.

Check. Them. Out.

REAL ESTATE UPDATE

reAlpha gets $200MM for AI-based real estate investing. It’s AI driven algorithm has created a growing pipeline of STR properties and development opportunities.
Wells Fargo mortgage staff jobs on the line as loan volumes collapse.
And Opendoor plans to lay off 550 employees due to inflating and skyrocketing mortgage rates.
Homebuilders brace for real estate market downturn as building permits fall 17% and buyers pull back.

Interested in sponsoring our newsletter?

Thanks for your interest in sponsoring the investing.io newsletter. The newsletter goes out every Thursday.

You'll find the details here.

If someone forwarded this letter to you, you can subscribe below:

Not financial, investing or tax advice. This newsletter is strictly for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research.