Passive income is all the rage on TikTok these days. This magical stream of money that builds while you sleep, day after day, seems too good to be true.

Passive income can come from a bunch of different places, but real estate might be the king of them all. Returns tend to be stable, and in the right market, can provide equity growth along with checks coming in every month.

Breaking into the industry is the tough part—unless you rub elbows with the 1% of the 1%, you’ll need a broad toolkit to prove you have what it takes.

That’s where WSO’s Real Estate Modeling course comes in. Whether you’re looking to manage office buildings or oversee a residential portfolio, we’ll teach you the tricks of the trade. Packed video lessons range from the basics of multifamily modeling to the nitty-gritty of GP vs LP equity.

Since we’ve got a soft spot for Peel readers, we’re also giving out free access to our Powerpoint Course for the first 50 Peel readers to sign up for the RE course by the end of the day. Don’t let this fall to the bottom of your to-do list, spots are filling up fast.

Sign up today and get in on the greatest wealth building machine of all time.

• Despite everyone saying Europeans were gonna have to like burn their houses down or something to stay warm about 10 months ago, now “experts” claim the Eurozone is set to avoid a recession. See, miracles do happen
• The numbers are in. Despite the monstrous rate hikes of 2022 leading to booming mortgage rates, home prices still set a record high
• Avatar: The Way of Water hits its Michael Jordan moment, becoming just the 6th movie of all time to gross over $2bn in box office sales.
• Follow all the earnings drama with the BEST earnings calendar around (not a sponsor, just cool & useful)

For Reál

We all know what an incredibly efficient, well-functioning, and freshly oiled machine the EU is. The only one it doesn’t always work out for is the people they govern.

Well, what if I told you that a couple of South American nations saw that hot mess and said, “yeah, we’ll have what they’re having.” For Brazil and Argentina, this could soon be their reality.

According to the FT, leadership from the nations of Brazil and Argentina are set to announce plans to launch a joint currency, or “common currency,” if you want to sound slightly smarter.

To be clear, this ain’t exactly like the EU. The European Union was established “officially” in 1957, but it wasn’t even called the EU until 1993. The groundwork for the Union was set in 1952 when 6 nations created the “European Coal and Steel Community” (ECSC). After bumbling around a few iterations over the decades, the lucky people of 27 European nations were blessed with this overlord-ing government.

Now, Brazil and Argentina are chartering what looks like it may be a similar path for South/Latin America. Later this week, they’ll announce a game plan to launch a shared currency between the two while inviting other South American nations to participate. Its name? Well, they really got the creative juices flowing so far, with Brazil suggesting the brilliant and original “sur” (south).

The sur will likely take years, potentially decades, to launch. The euro took 35 years before it began thrilling the lives of foreign exchange traders, but given we’re only talking about two countries here, we might be able to speed things up.

Launching a joint currency between the two friendly nations has been a floated idea for a while now. But, a little guy named Jair Bolsonaro, former Brazilian President, had a bit of a nationalist bend to him and wasn’t exactly down for the idea.

With the re-election of current President Lula, both Argentina and Brazil are under left-leaning control and vibing with the idea a lot harder.

On the one hand, it’s a sweet deal for Argentina. Its government has decided to shun basic economics and recently began legitimately just printing money to fund government projects.

And I don’t mean like JPow and the Fed printing money in the form of higher bank reserves; I literally mean they just create more dollar bills and hand it over to various government projects. As a result, the country’s currency (the Argentine Peso) has been on a tear, putting up nearly 100% inflation last month.

Further, not even Michael Milken would buy Argentina’s national debt. Calling it garbage would be a compliment, as the country defaulted in 2020.

Brazil, on the other hand, doesn’t have as clear a benefit as Argentina. The motivation appears to be strengthening the economic power of the region as the announcement will conveniently come the same week as a meeting between the 33 countries in the Caribbean as well as South and Central America. Not to mention the fact that Argentine President Alberto Fernandez is beefing with the EU over a recently penned trade agreement between the bloc and the continent.

The interesting part is that just as the world is trending towards de-globalization and borderline nationalism, these nations have decided to team up to kick global trade’s a**. It’ll help, but maybe not endlessly printing money and actually paying back your debts would help too. Just an idea.

Wayfair ($W) ↑ 20.28% ↑

• On Friday, Wayfair’s shares were looking way more than fair (no pun intended) as the stock popped over 20% to close.
• Similar to Google gaining nearly 6% after announcing more layoffs on Friday, Wayfair got its bounce by cutting off the livelihoods of ~1,750 personnel.
• It’s the same ol’ story of the tech industry of late. Since JPow has made money not completely free anymore, cost cutting is the hot new tech trend du jour.

Silicon Valley Bank ($SIVB) ↑ 16.56% ↑

• Much like you to your parents, SVB’s latest earnings numbers were a disappointment. Despite that, shares popped off over 16.5% to close out the week. So, I guess maybe there’s hope for you too.
• But to be fair, SVB actually has a reason to have hope. The innovation bank’s shares had tanked 70% since late 2021 until right about now, and with the one bright spot of the firm’s earnings being a fat hoard of net interest income (the most important thing for most banks), analysts at other banks have called it the “deal of the century”
• Analysts don’t tend to be too loose with their words either. So, when Wells Fargo dropped those four little words, buyers went crazy.