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Microsoft reportedly eyes Discord acquisition. According to GamesBeat, chat service Discord, which is popular in the gaming community, is seeking a sale that could value the company at more than $10 billion. Microsoft is reportedly the lead suitor for the company as Amazon, Twitter or Google could also potentially be interested. Discord raised $140 million in December at a $7 billion valuation and has more than 140 million monthly active users. “I know they are in active discussions with a select few parties,” a source told GamesBeat. “The market is in a state where they could command strong double-digit billions of dollars.”

 

Big Fat Idea – Buy Real Estate Right Now

Kyle Green joins Mike to explain how you should be buying real estate right now – because if you bought a property that had 0 positive cashflow and had 0 appreciation, you would still be making 10% return on your investment by having your tenant pay down your mortgage for you.

CLICK HERE to get your FREE copy of the Green Mortgage Team’s Investing Guide to Real Estate

Good to Know

Real Interest Rates vs Nominal Rates – the difference between borrowing and lending rates (nominal rate) minus inflation = real rate.
ie 5 yr bond annual interest rate is just over 1% per year – you then subtract the inflation rate, 1.1% = real rate of negative 1/10th of 1%. In other word, if inflation stays the same bond holders lose 1/10th of 1% per year of purchasing power. Not a good time to lend (buy a bond) but a good time to borrow because borrowing money costs 1% per yr in interest but buying power of the money you pay back with will be 1.1% less.

(P.S. for gold owners – note a strong inverse correlation between gold and real interest rates. When real rates up, gold prices tend to drop)

Quote of the Week, Shocking Stat & Goofy Award – Mar 20


Quote of the Week
Laval University economist, Stephen Gordon on the tiresome people who claim to care about inequality and poverty.

Shocking Stat
Lots of talk about helping those people impacted financial by the pandemic but you’ll still be shocked at how much money went to people who weren’t.

Goofy
We’ve been warned by CSIS and the Canadian Military about Chinese operatives in Canada but why are we giving them our tax dollars.

Mike’s Editorial

Extreme moves are everywhere from politics to society to the investment markets. Is it all part of the same trend? If so, then look out.