{"id":2643,"date":"2023-05-01T07:04:20","date_gmt":"2023-05-01T11:04:20","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/money-makes-money-seeking-alpha\/"},"modified":"2023-05-01T07:04:21","modified_gmt":"2023-05-01T11:04:21","slug":"money-makes-money-seeking-alpha","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=2643","title":{"rendered":"Money Makes Money? | Seeking Alpha"},"content":{"rendered":"
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How To Get \u201cthe Money\u201d to Make \u201cthe Money\u201d?<\/strong><\/h2>\n

In South Korea, the biggest market is \u201cDong-Dae-Moon Si-Jang\u201d, translated in English, \u201cEast Gate Market<\/em>.\u201d Over there, in a section, there are so many women who sell all kinds of cloth to make women dress or men suit. Young girls who make their own dresses go there, and many mothers buy cloth to make their spouse\u2019s or son\u2019s suit.<\/span><\/p>\n

Cloth retail sellers here need \u201cthe Money” (which is the first one) to buy cloth from company wholesalers, but the tiny-scale retailers can\u2019t get the money from a bank. Here \u201cthe money\u201d is the starting \u201cseed capital\u201d in the accounting term.<\/p>\n

\u201cThe Money\u201d (which is the last one) is \u201cprofits\u201d in the accounting term which are the remaining money after paying all expenses such as rents, \u201cdaily installments (Dis),\u201d and travel.<\/p>\n

What are \u201cDIs\u201d? I knew a lady who lent the Money with a \u201cfair charge,\u201d and allowed paying back piecemeal daily. She was a sort of \u201cshadow small-scale retail credit union.\u201d She collected the Dis every day, sunny, rainy, or snowing, almost 365 days a year!<\/span><\/p>\n

How To Fit The \u201cEast-Gate-Market\u201d Story in Investing? <\/strong><\/h2>\n

The funny title consists of three words: 1) The fist and the third look identical but they quite differ in substance. 2) The substances of both change by somewhat delicate economic concepts, 3) magnitudes of both are either lump sum or a stream of money.<\/p>\n

The case of \u201cEast Gate Market\u201d has only one way from a lump sum which is the original \u201cseed capital\u201d to \u201cDis\u201d which are a stream of the daily paybacks. Investing as will explained below, on the other hand, both ways either a steam of investments to a lump sum in the accumulation period [AP] or the other way around, from a lump sum to a stream of interests, dividends, and capital gains in Performance Period [PP].<\/p>\n

A \u201cFlow\u201d vs. A \u201cStock\u201d<\/strong><\/h2>\n

Milton Friedman explained the dual meanings of money, using two simple accounting items – a profit-and-loss statement and a balance sheet. This is the core concept of his monetary theory:<\/p>\n

“The term money has two very different meanings\u2026[One is that] money is a synonym for income or receipts: it refers to a flow, to income or receipts per week or per year<\/em>\u2026[The other one is that] money refers to an asset, a component of one’s total wealth<\/em>\u2026Put differently, the first use refers to an item on a profit-and-loss statement, the second to an item on a balance sheet.<\/em>..” (Money Mischief: Episodes in Monetary History Harcourt Brace Jovanovich 1992. page 8. The italics are mine.)<\/p>\n

“Income is a flow; it is measured as dollar per unit of time. The quantity of money is a stock, \u2026in the sense of a store of goods or inventory, by contrast with a flow. Nominal cash balances are measured as dollars at a point in time [as in a balance sheet] \u2026Real cash balances\u2026are measured in units of time [as in a profit-and-loss statement].<\/em>” (Money Mischief page 20. The italics are mine.)<\/p>\n

The Accumulation Period (\u201cAP\u201d) vs. The Performing Period (\u201cPP\u201d)<\/strong><\/h2>\n

Investing in a long-term time frame has two distinguishable periods: 1) The Accumulation Period (\u201cAP\u201d), and 2) The Performing Period (\u201cPP\u201d):<\/p>\n

The AP takes about 7 years, by contributing a relatively small amount of money, and by adding additional money many times. The Dollar Cost Average (DCA) method works nicely for most investors.<\/p>\n

If some investors contribute a significant amount of lump sum initially, the AP can be skipped entirely or may take less than 3 years. Let\u2019s assume the 3 years as the lower bound.<\/p>\n

As a result, we have the 7 years as the upper bound and the 3 years as the lower bound of AP. The middle of the AP spectrum is the 5 years.<\/p>\n

During AP, dividends, interests, and capital gains are reinvested piecemeal, compounded frequently. The whole and patient productive process is the backbone of long-term investing, even though it\u2019s unnoticeable by most investors.<\/p>\n

As shown in my various articles in the late 2010s, my Vanguard Mutual-Fund Portfolios, TIAA Intelligent Annuity, and Transamerica Insurance Annuity (via Vanguard) had clearly started their powerful self-growth after about 3-5 years.<\/p>\n

A long upswing of the current bull market (started on March 09, 2009), according to my previous article, helped the outstanding performance greatly.<\/p>\n

Investors would expect the help of the last leg of the bull for at least a couple of years. Although it would take a longer time now than in the late 2010s, to reach the PP, perhaps, not 2-5 years but around 5.5 years.<\/p>\n

Still, it would be a good deal for many investors who are younger than, perhaps, say, 65.<\/p>\n

In the case of \u201cEast Gate Market,\u201d nevertheless, a perfect case of 100% lump sum (seed capital), skipping the entire AP, so the seed capital immediately yields profits as PP. This is really well-designed by the lady as a former bank worker, to give a vital incentive to the cloth retailers.<\/p>\n

.<\/p>\n

A “Stock” (Asset or Debt) Market vs. A “Flow” (Income or Deficit) Market<\/strong><\/h2>\n

Treasuries notes are issued in the Treasury “primary” market where Treasuries are sold to cover any budget deficits. In the Mortgage “primary” market, MBS are issued to finance mortgages. These primary markets are “flow” (or items-on-a-profit-and-loss-statement) markets<\/p>\n

The existing Treasury notes or MBS are traded in the “secondary” markets where all accumulated Treasuries and MBS are measured at a point in time.<\/p>\n

Think about the relationship between the Treasury “primary” (“flow”) market and the Treasury “secondary” (“stock’) market. Every year the Treasury Department auctions various Treasury notes to finance budget deficits.<\/p>\n

The Federal Reserve reported:<\/strong><\/h2>\n

\u201cThe Federal Reserve’s securities holdings peaked at $8.5 trillion in March 2022.<\/p>\n

The Fed can reduce its balance sheet by electing not to reinvest some or all of the principal repaid when securities mature, a practice known as runoff.<\/p>\n

The Fed can also sell securities ahead of the maturity date.<\/p>\n

Reductions in the Fed’s balance sheet reflect economic gains made possible, in part, by previous Fed asset purchases.<\/p>\n

In June 2022, the Fed began reducing its Treasury debt holdings by $30 billion and MBS holdings by $17.5 billion monthly, with plans to double those monthly cuts starting in September.(\u201cHow Does the Fed Reduce Its Balance Sheet? How Does the Fed Reduce Its Balance Sheet?<\/p>\n

Most investors do not distinguish between 1) $8.5 Trillion in March 2022, and 2) 530 Billion (Treasury) and $17.5 Billion (MBS) clearly. The former is a \u201cstock\u201d while the latter are \u201cflow.\u201d Since the reduction amount $47.5 (=$30+17.5) in June 2022 or $95 in September 2022 are a tiny fraction 0.56% or 1.12% of $8.5 Trillion.<\/p>\n

Consequently, selling both bonds from Jun. or Sep. will not impact bond markets significantly, it\u2019s better for long-term investors to buy both bonds as component of their diversified portfolios with equities.<\/p>\n

Your well-diversified portfolios will age 5.5 years or longer, your investment passed their AP and proudly enter PP, performing as an automatic growth engine.<\/p>\n

\u201cMoney\u201d \u201cMakes\u201d \u201cMoney\u201d<\/strong><\/h2>\n

The title consists three words, starting \u201cM\u201d, and followed 4 letters:<\/p>\n

The first \u201cMoney\u201d and the last \u201cMoney\u201d are identical, but their roles act oppositely each other: In AP, the first Money is \u201cflow\u201d (a Profit-Loss Concept at a point of time) while the last Money is \u201cstock\u201d (a balance-sheet concept during a certain period of time.)<\/p>\n

The roles of two money are completely opposite in PP: The role of the first Money is \u201cstock\u201d while the last Money is \u201cflow\u201d which came back the \u201cEast Gate Market\u201d setting which the wise lady developed. Again, the fist Money is the seed capital or a matured lump sum, and the last Money is profits or automatic earning distribution.<\/p>\n

Conclusion<\/strong><\/h2>\n

An acceptable and easy long-term self-managing investment framework, evolved from \u201cEast Gate Market\u201d setup, and a basic economic concept (flow vs. stock). Here we found a truth: A common wisdom can be applied both in investing and in a small business.<\/p>\n

Theory in economics and a knowhow in business would be found not in a rocket science but very simple common sense.<\/p>\n

I would like to urge my dear readers to follow my direction: Avoiding complicated, hard-to-visualized system, instead taking an easy, open, and comfortable way.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How To Get \u201cthe Money\u201d to Make \u201cthe Money\u201d? In South Korea, the biggest market is \u201cDong-Dae-Moon Si-Jang\u201d, translated in English, \u201cEast Gate Market.\u201d Over there, in a section, there are so many women who sell all kinds of cloth to make women dress or men suit. Young girls who make their own dresses go […]<\/p>\n","protected":false},"author":1,"featured_media":2644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-2643","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nMoney Makes Money? | Seeking Alpha | iFintechWorld<\/title>\n<meta name=\"description\" content=\"How To Get \u201cthe Money\u201d to Make \u201cthe Money\u201d? 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