Bit of Rant & Loan Notes

It's the weekend, which means I get to do other things and not analyze the performance of a contract today.

So Sempra $SRE - My current contract. I mentioned in the past that $SRE issued a $800M notes loan due in 2036 at a 5.25% rate. When this happened, we saw a triggered selling day for some investors. In reality, it sounds like this is a good thing. Sempra took a loan to pay immediate debt, and now has a debt that is not due until 10 years from now. In a way, all the investors are safe for 10 years. While this can create a bit of nervousness around it, it sounds like security.

SRE could've created more notes and invite more investors, but this would have possibly tanked the price as it would've reduced the size of my cake slide and everyone else. Instead, what SRE was, retain the size of each slide for everyone at the table and protected us with the 10 year loan notes. We have to remember that SRE is part of XLU (utilities), the general public is always going to pay utilities, therefore this is a cashflow stock/company. In short, the loan will get paid, if it didn't the loan note buyers would have cashflow.

I wonder how often loan notes take place, and how many big companies have used this strategy. I said this before, but I'll say it again and probably later again. There's always something new to learn in this journey, I had never heard of loan notes until now. There are so many angles that probably don't need to be known, but I feel like learning about all the angles that affect a stock, is and will allow me to understand the stock market like one of the greatest investors.

Bit of rant now:

My favorite social media platform is twitter. There are some things I read there, sometimes it motivates me, other times it serves as advise, and sometimes it makes me question things.

Today I read " if trading fell into your lap, no matter how it happened, it's for you. You have the obligation to make it work. Disregard how it worked for the next man, just make it work for you by any means."

It's not the first time I read something like that, but this one felt impactful. I'm on day 73 of this journey, and I can honestly tell why some people may quit. To be honest, I'm not even sure how people get started, I just started blogging and going one day at the time. It might change a bit in the future, I just needed a way in, I just needed to get started.

I know I started this journey because it's my destiny to be a great trader and to reach freedom on my own. Freedom of my own time, and my own destiny. Sure, the money will be nice, but ultimately, I want to live on my own terms while doing everything my soul desires without having to rely on a job and more importantly without being held back from my soul's desires because of a job.

I've been thinking about how easy it is to lose momentum, especially with the days I didn't do any studying/blogging because of traveling. All I managed to do was look at different sectors performance, and I'm not punishing myself for that. I think the break was needed, but it is easy to say "I already missed X amount of days, what's the point?" but this may be a reminder for me more than anything else. The reminder is to keep going no matter what. Back to the twitter post, I must make this work no matter what, and it is what I will do.