#73 - Dan Belostosky, CEO and founder of HonestDoor
|Dec 30, 2020||4|
In this year's final episode of Reformed Millennials, we're talking to Dan Belostotsky, CEO of Honestdoor.com - the first website in Canada featuring the sold price of homes and condos. We were excited to talk to dan for multiple reasons, not the least of which is his business HonestDoor.
If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends and opportunities Millennials should be paying attention to.
👉 For specific investment questions or advice contact Joel @ Gold Investment Management.
When will the Real Estate Revolution Start?
Homes are emotional and humans have a hard time cleaning out their closets, let alone actually selling their homes. Its oftentimes the most important and largest asset for families and it matters a lot to people. More than anything they probably own.
The startup graveyard is chock-full of companies/entrepreneurs who realized that the way we buy and sell real estate sucks but have never figured out how to change our buying and selling habits.
Zillow, Redfin, purple bricks, and HonestDoor all make buying real-estate easier but still kick the close over to the agents themselves.
Is this the start of a new renaissance? Armed with advancements in new technology and a massive shift in consumer behavior - can HonestDoor and companies like it break our old habits?
In the next 5 - 10 years are we going to be selling and closing on real estate differently than we do today?
We don’t have the answer but the winds are shifting and Dan is at the heart of that shift here in Alberta.
🌏Quick Market Update:
Good evening, everyone. The markets tumbled on Tuesday. Every major index finished lower while the Russell 2000 lagged for the second day in a row.
Healthcare and consumer discretionary were the only sectors to finish higher. Industrials, energy, and real estate all fell more than 0.5%.
U.S. stocks may have struggled, but can emerging markets finally emerge?
Intel was urged to seek strategic alternatives from an activist hedge fund. Will the company actually listen?
They better - Linus is out with a new video about the M-1 chip and its pretty damning for Intel’s future
Mexico is legalizing marijuana. Will the U.S. be next? Place your bets…
Here are the closing prints:
S&P 500 3,727 -0.22%
Nasdaq 12,850 -0.38%
Russell 2000 1,959 -1.85%
Dow Jones 30,355 -0.22%
🌏 iShares Emerging Markets ETF $EEM closed above $51 for only the third time since January 2018. Here’s the weekly chart:
India booming: 🇮🇳 inched higher and closed at an all-time high.
🌊 Hottest Links We Read Last Week 🌊
🔋*IBD’s Investing Strategies: Top tech stocks trends of 2021 and how high can Chinese EV stocks go?
✅ Crossing Wall Street: The Battle for $2,000 Checks
👍 Token CEO: The Best of 2020
📈 Chamath Palihapitiya: There’s More to Investing than Making Money (rolls eyes)
🧰 The Creator Economy Needs a Middle Class - from episode 73
Gold Investment Management Ltd. (“GIM”) is registered as a portfolio manager in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario and Quebec and as an investment adviser with the U.S. Securities and Exchange Commission. This material is provided to you for informational purposes only. For greater certainty, the information contained herein should not be construed as a recommendation of any specific model portfolios or investment actions. Any third-party information contained herein has been compiled from sources believed to be reliable, however, GIM makes no representation or warranty, express or implied, as to its accuracy or completeness. Any market prices and estimates in this report are for informational purposes only. The opinions contained herein are effective as at the date of the report and GIM does not assume any responsibility for advising the reader of any subsequent change of opinion. Any indications of past performance contained herein is not indicative of future results and any information with regard to the performance of GIM’s investment portfolios is presented gross of fees which will vary from mandate to mandate. For additional information please visit our website: https://gold-im.com/legal/.