Hey, it’s Dan (with my dad, Steve)
Welcome to the very first MBMC issue!
Each edition, you’ll get:
A Money Concept we debate.
A Stock Pick we break down.
Let’s dive in 👇
Money Concept: Cryptocurrency
Dan (Millennial):
“I once bought a million Shiba Inu coins for $10 just so I could say I was a crypto millionaire. That’s the extent of my crypto career. I’m not anti-crypto… I just don’t care (yet). If it doesn’t buy me groceries or build income today, I’m not touching it.”
Steve (Boomer):
“Bitcoin’s had an incredible run. But the volatility makes it too risky for a retirement portfolio. With no intrinsic value, it depends on the greater fool theory — hoping someone else will pay more later. That’s speculation, not investing.”
👉 Takeaway: Crypto might have a role in the future, but for MBMC, it’s speculation — not a foundation.
📈 Featured Stock Pick: Rexford Industrial (REXR)
Rexford Industrial Realty is a REIT focused on industrial properties in Southern California. It’s a way to get real estate exposure — without tenants, toilets, or tools.
Quick Snapshot:
Dividend yield: ~4.7% (and growing)
Low debt: ~23% long-term debt to capital
Projected returns: 11–18% annually if targets are met
Scarce SoCal land = pricing power + strong demand
Steve: “Stable, low-debt, dividend growth. It’s a sleep-at-night stock.”
Dan: “So basically… a real estate side hustle for people who don’t want to swing a hammer? No hammer required.”
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That’s a Wrap
Thanks for reading our very first issue. Let us know your take — reply to this email or drop it inside the MBMC Community.
We’ll be back on the 3rd Saturday with another Money Concept + Stock Pick.
— Dan & Steve