Merry Christmas, Happy New Year and Happy Holidays to all December 16, 2016Posted by shaferfinancial in Finance.
Well, 2016 is almost over and thought I would post 1 more time for the year.
The stock market is still moving up at this time, but I can’t help the sinking feeling that we will have a market swoon soon. Meanwhile the Fed’s have increased the interest rate and plan on 3 more for 2017. I think that is good news and we really need a more normal interest rate environment. Cap rates for EIULs will start to trend up if these interest rate hikes happen.
The oil market has begun to turn on the back of a 6 month OPEC et al. reduction. But I just can’t shake the feeling that we are going to be on a real hard ride up for oil prices all to soon. We still have significant reserves built up from the last 2 years of oversupply, but there are few places that can ramp up speedily to account for depletion and an additional 1-1.5M BPD increase in demand that will happen in 2017. Oil is like this, never a dull moment.
Real Estate is still hanging in there, and is still a great place to put your investment dollars in my opinion [once you get your EIUL established of course :-)].
Well, snow is falling and I just heard that the local downhills and cross-country trails are opening this weekend, so should be a great holiday time for the Shafer Family!!!