Lone Star Wealth Summit Information — See YOU Soon!

Dear Summit Guest,

We are excited you can share the day with us this Saturday, Sept. 16th, for the Lone Star Investor Wealth Summit.

Be sure to arrive early to get the best seating — a few VIP tickets are also still available for purchase to upgrade your seating, see link below.

ALSO: We added a few complimentary tickets for you to bring a guest!

But hurry, because only a few remain, thank you. Also, parking is FREE so don’t worry about that either.

This is the event you’ve been waiting for! Get ready to expand your portfolio and connect with active investors from around the nation.

Whether you’re a seasoned investor or just starting out, this summit is designed to provide you with the knowledge, strategies, and networking opportunities you need to succeed in the real estate market.

Don’t miss out on this incredible opportunity to learn from industry experts, gain insights into the latest trends, and discover the secrets to building wealth through real estate investing. Plus, there will be plenty of time to mingle with like-minded individuals and form valuable connections that can take your investments to new heights.

NEED MORE TICKETS? Click the link below to reserve your seat today.

LEARN MORE OR RESERVE MORE TICKETS NOW:

https://www.eventbrite.com/e/530755121857?aff=oddtdtcreator

Enjoy a day of learning and networking. Our educators include:

* Chander Mishra MD MBA CPE FASE FASA FAACD – Blue Ocean Capital
* Bob Bluhm, Esq — Asset Protection Attorney & Public Speaker
* Brad Blazar – Founder of Capital School – Raised Over $2B in Private Capital
* Joseph Kimbrough- Apex Real Estate Investments
* Brian Carlson – Subject-To Real Estate Academy
* Joseph V. Scorese – BRRR Loans
* Steve Davis – Total Wealth Academy
* Jimmy Reed – 1REclub.com
* Jonah Dew – The Money Multiplier
* Jim Edenfield – Invest Success
* Tim Emery – Great Mile High Investor Summit
* Arnie Abramson — Texas Tax Sales
* Joel M. Desilets – Damascus Partners, LLC
* Seth Desilets – Damascus Partners, LLC
* Paul Finck, The Maverick Millionaire ®
* AND MANY MORE!

LEARN MORE OR RESERVE MORE TICKETS NOW:

https://www.eventbrite.com/e/530755121857?aff=oddtdtcreator

BE SURE TO DOWNLOAD THE EVENT SCHEDULE: https://joom.ag/PcNd

Best regards,
Linda

Join Us for Realty411’s Lone Star Investor Wealth Summit

By Lori Peebles

Are you ready to grow your real estate portfolio to brand new levels of abundance? If so, be sure to join us for Realty411’s NEW Lone Star Wealth Summit.

We are hosting a Real Estate Wealth Summit & Special In-Field Bus Training in Arlington, Texas, on September 16th & 17th.

Learn more and register at:
https://www.eventbrite.com/e/realty411s-lone-star-investor-summit-build-wealth-with-real-estate-tickets-530755121857?aff=oddtdtcreator

Get ready for a full day of education and motivation. Be sure to download our Summit Schedule to learn about your favorite speaker.

Download our Summit Schedule, click here or below:
https://joom.ag/PcNd

This Extra-Special Summit will cover a wide range of real-estate investing topics, as well as focus on individual mindset, finance and leverage, maintaining motivation and joint collaborations with our “Inner Circle” of readers, subscribers and educators.

Network with high-level investors and learn from top REI educators and accredited investors. Our speakers have collectively raised billions in private capital for their real-estate investment acquisitions.

This is your opportunity to learn directly from the best in REI in the Lone Star state and beyond, don’t miss it.

Learn more and register at:
https://www.eventbrite.com/e/realty411s-lone-star-investor-summit-build-wealth-with-real-estate-tickets-530755121857?aff=oddtdtcreator

Founder of Realty 411 & REI Wealth Linda Pliagas & The Texas EXPO!

Come Network Thursday September14, 2023 6:15 PM at the Fort Worth Real Estate Club with us and our Guest Speaker. Linda Pliagas

Real Estate Generational Wealth!

And the Realty 411 Expo on Sept 16th in Arlington, TX.

LINDA PLIAGAS, CEO, REALTY411 .COM

Linda Pliagas is the CEO and publisher of Realty411, which she founded in 2007. Linda has personally owned and managed rental properties in five states, all by the age of thirty-eight. Linda and her husband have purchased single family homes, multifamily units, vacation rentals, probates, REOs, and short sales. She has worked simultaneously in media and real estate for decades.

She holds a bachelor’s degree in print journalism from California State University, Long Beach. She was a recipient of the Bobit Magazine Scholarship for her accomplishment in publishing her first national magazine while still at CSULB. She also studied real estate, accounting, and general studies at Santa Monica College. As a journalist, Linda has freelanced for numerous national magazines, local newspapers, and global websites. Her mission is to empower average Americans to build generational wealth for their families by investing in real estate. Her website is Realty411.com.

Some of the things Linda will be Talking on at this Event:

  1. We will be doing this Meeting Interview Style!
  2. The Interviews have been such a Favorite of Attendees we are doing it again.
  3. We will have Questions about Generational Wealth via Real Estate
  4. What to Expect at the Expo 2 Days after this meeting.
  5. How to Get Started investing on the Fast Track!
  6. How to get the Most out of the Expo & the Power of Networking at the Expo.
  7. The 411 & REI Magazines that can help you succeed with a Coast to Coast Network.
  8. Marketing in those Magazines for Success!
  9. And so Much More!

Bring your Questions you need Answers to!

Be Prepared to take a lot of Notes!


If you are not a Member read below on how to become one, and then watch the meeting any time along with other meetings since April of 2020.

There are only 2 ways for you to hear this information packed segment.

  1. Becoming an Annual Member to watch it online from the comfort of your Home OR
  2. Coming out to our in Person Meeting at the Botanic Gardens!

YES WE ARE BACK!!! LIVE COME OUT & NETWORK!!!

New Schedule!!! Doors open at 6:15pm Main Meeting Starts a 6:30 Sharp and ends at 8:30, Then More Networking after the Meeting!


For the Fort Worth / DFW Area Real Estate Investors Club’s Monthly meeting
at the Fort Worth Botanic Gardens.

Networking with local investors starts at 6:15 pm and the Main meeting
starts at 6:30 pm. Come out and meet our Preferred Vendors and let them
answer any questions you have about real estate investing.

*So come out and bring plenty of business cards, flyers, anything you need
to network! Also if you have properties for sale then make sure to print up
some info sheets on them and put them on our “Deal Table” each month along with your Networking Materials!

NOW!! just $20 to attend & Memberships are available at a discount! The club is all about providing value, which is why we bring in vendors and speakers who are here to make your life as an investor easier and more lucrative.

If you are Serious about Real Estate Investing then you need to attend this Real Estate meeting at the Botanic Gardens.

See Ya There!
Jimmy Reed

Proverbs 13:20
Walk with the wise and become wise,
for a companion of fools suffers harm


Also check out our Facebook page for the club. Click Link Below to see it!

You can watch some videos from past meetings.
Also see some pictures of all the things we do at the club!


Annual Membership now gives you 1 year admission to the club along with 1 year access via our Private Facebook Group. So if you ever cant make a meeting you can watch it online Live, or the next day!

Just Click Either Button for Single or Double Membership!
CHECK OUT THE NEW 2022 SPECIAL PRICES!

Other Memberships that Include Infield Training’s with Jimmy!
Click on the Brochure for More Info.

Platinum Membership

Mentor “Diamond” Membership

For “Platinum” & Mentor “Diamond” Memberships
Click Below to Start Training Now!

Check out these Videos on the Real Estate Club & Training’s we have available to help you get started Today!

Real Estate Equity Development
Jimmy Reed
www.JimmyReed.net
817-731-0120 [email protected]


Join Us for Education, Motivation and Collaborate – RSVP Now!

4th Annual Los Angeles Real Estate Grand Expo

We are very excited to announce our 4th Annual Los Angeles Real Estate Grand Expo. The Grand Expo returns on Saturday, October 21, 2023, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day – it’s all ours!

The North Hall (vendor exhibition area), the South Hall (workshops), and the middle parking lot (loaded with workshop tents and food trucks). The theme of this year’s Grand Expo will be “Hedge Inflation – Buy Real Estate”.

Last year, the Grand Expo was the largest real estate event in Southern California. We had over 800 investors, 64 vendors, and 12 national speakers…this year will be even BIGGER! An entire day celebrating real estate investing and you can be involved. Best of all, the Grand Expo will be FREE to attend.

This Expo is going to be big, really BIG! We are hosting investors from around the nation once again.

EDUCATORS. There will be national guest speakers (in three breakout rooms). Here is a partial list of our top educators:

1. Jonah Dew – “The Money Multiplier”
2. Eddie Speed – “Buying Discounted notes”
3. Rusty Tweed – “1031 Tax-Deferred Exchanges”
4. Joe Arias – “How to Get Started Investing”
5. Christopher Meza – “Developing Raw Land”
6. Tony Watson – “Tax Advantages for R.E. Investors”
7. Dani & Flip Robison – “Fixing & Flipping Houses”
8. Abbas Mohammed – “Investing in Multi-Residential Properties”
9. Marco Kozlowski – “How to Buy Lots and Lots of Houses”
10. Amanda Brown – “Invest in Commercial Real Estate”
11. Shawn Tiberio – “Marketing for Real Estate Investors”
12. Joeseph Scorese – “How to Finance Your Next Deal”
13. Jeremy Rubin – “From Employee to $100M in Flips”
14. Steve Price (Keynote) – Vice President at Auction.com

INVESTMENT EDUCATION. An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. So regardless of whether you are a new investor, already own properties, or are very experienced, our Grand Expo is for you!

Realty411’s Investor Summit in New York City – Mingle in Manhattan

Join Us for 1 Special Day and Learn How to Grow Wealth with Real Estate – Our Network Owns Properties Across the Nation!

Date and time:
Saturday, November 11 · 9am – 5pm EST
Location:
Estonian House
243 East 34th Street New York,
NY 10016 United States


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Learn Real Estate Investing with Realty411 – Join Us for Our In-Person Event in New York City!

Investors, take a moment and grasp this opportunity — the chance to network with sophisticated real estate investors joining us from throughout Texas — as well as from around the nation!

This summit will help you gain specialized insight and knowledge about real estate investing, entrepreneurship, finance and other life-changing insight. The information shared on this day could catapult your real estate portfolio to new levels.

This one-day conference has something for everyone regardless of their experience level in real estate. Join us for this memorable day and receive knowledge for a lifetime.

Learn the Latest Niches in Real Estate + Connect with Influential Investors from across the nation in Manhattan. We expect guests from around the nation to join us.

Registration begins at 8:30 am. The education begins promptly at 9 am.

Are you ready to Grow Your Real Estate Business, Portfolio and Network?

This is Your Chance to meet TOP Leaders in REI, Local & National Experts.

Learn from Leaders & Industry Pros

Meet Local PLUS Out-of-Area Investors

NON-Stop Tips for Real Estate Success

Bring Lots of Business Cards

This special and life-changing Real Estate Summit is produced and hosted by Realty411.com. Since 2007, we have dedicated our time, resources and energy to help expand real estate investing knowledge and education by producing complimentary magazines, virtual conferences, webinars, podcasts, and live events. We have reached thousands of real estate investors across the nation in person.

Discover our latest Realty411 magazine, CLICK HERE!

We also produce REI Wealth magazine, which is the longest-running magazine for investors specifically developed for online readership. Our digital, interactive issue is designed to be read and viewed online. We now also print copies of this fabulous publication as well. Download our latest issue, CLICK HERE.

INVEST YOUR TIME HERE FOR ONE SPECIAL DAY OF NETWORKING & MOTIVATION – TAKE YOUR REAL ESTATE KNOWLEDGE TO A WHOLE NEW LEVEL.


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Learn with PROVEN Leaders in the Industry:

Receive the latest REI knowledge from active investors

We feature the latest technology to expand your income

Meet other investors with common goals and mindsets

Develop relationships with leaders in the industry

Share your opportunities with potential clients

Learn how to save money with our Realty411VIP.com members’ network

Realty411’s publisher has owned national rentals for many decades

We will share life-changing information unavailable anywhere else

We host real estate events to meet our readers and to spread industry updates

Our mission is simple: To provide realty knowledge and resources so that everyone can learn about the benefits of investing. We hope you to see you in person soon. Please register today to receive information about our speakers, sponsors and special updates.


Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Creative BRRRR Strategies Mastermind & Philly Realty411 – October 7th, 2023, 10am-3pm

Don’t miss the opportunity to connect in Philadelphia, Pennsylvania once again for an educational boot camp. At this event, guests will have the opportunity to learn directly with top business and real estate leaders. Experienced educators will share their knowledge and strategies for guests to have a better understanding of the current real estate market. Join us and gain the insight to implement a game plan for success. This boot camp will include top-level industry information and fantastic networking.

Date: October 7th, 2023
Time: 10am-3pm
Location: Philadelphia School of Massage & Bodywork, 263 N Lawrence St, Philadelphia, PA 19106
Mindset: ‘Education, Networking & Creating Opportunities a Workshop Setting’
Registration Cost: $99.00 Person – Includes Breakfast, Snacks & Lunch

Mike Lautensack

Owner at Del Val Property Management LLC

TOPIC: The 10 Reasons Why Real Estate Investors Should BRRRR with Professional Property Management for Maximum Wealth

Stephen Chatto & Roland Jefferson

TOPIC: Wholesaling Real Estate as the foundation to success in all areas of real estate investing.

Overview: A dive into the nuts and bolts of what real estate wholesaling is and is not. This presentation will be real, diving into what is involved, good and bad, in running a successful wholesale business from two full-time real estate investors with hundreds of transactions closed. Not only will you understand and learn the real ins and outs of real estate wholesaling, but you will also learn how the lessons learned operating a wholesaling business translate into effectively running real estate businesses across many niches.

Bob Chessick

Chesspin Corporation

TOPIC: Business Strategy Without The B.S.

Incorporating for Real Estate 101 with Bob Chessick

👉 The Corporate Transparency Act is coming, and it impacts your LLC – Is your LLC ready for 2022?

🔷 Topics will include:

✔ Types of companies

✔ Tax implications

✔ Use of multi-company structures

✔ The new Corporate Transparency Act


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Eric Mauz

Owner, MB Capital Solutions

TOPIC: Expand Your Real Estate Business with Unsecured Business Lines of Credit

  • 3 types of Unsecured Business Lines of Credit
  • Credit Guidelines to Qualify
  • R.E. Investor Client Case Study – How clients have used their credit lines for BRRRR Method and Fix & Flip Project

Joseph V. Scorese

National Sales Director, BRRRR Loans

TOPIC: Leveraging Direct Private Lending

Leveraging Direct Private Lending can be a great way to create passive income from real estate and understand Lending Options owning rental properties. But there is a lot to learn before diving in! This Presentation has everything you need to know to provide better knowledge to Real Estate Professionals, Agents & Services in the Investment Space on Direct Private Lending!


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We will cover:

• Rentals Loans

• Fix & Flip Loans

• Portfolio Rental Loans

• Multi-Family Bridge Loans

• New Construction Loans

• Fix to Rent Loans

• Blanket Loan Programs

• 5+ Multi Family & Mixed-Use

• DSCR & Bank Statement Loans

• Non-Recourse & Recourse Options

• Unsecured Business Lines of Credit

• Foreign National Loans

YOUR HOST: This educational boot camp is hosted by Joseph V. Scorese. Mr. Scorese is a mortgage industry professional who is committed to helping his clients. He has more than 20+ years of successful experience in loan origination. Joseph continues to work in the mortgage lending industry and has built a career as a talented and reliable Mortgage Banker.

Join Us for the 4th Annual Los Angeles Real Estate Expo — Network with Nearly 1,000 Investors!

“4th Annual Los Angeles Real Estate Grand Expo”

If you are a vendor with a product or service for real estate investors (and related real estate professionals), we want you! Our “4th Annual Los Angeles Real Estate Grand Expo” is scheduled for Saturday, October 21, 2023, 9:00 am to 6:00 pm. Besides workshops (with 14 national speakers) and food trucks, we’ll have an exhibition hall featuring products and services for investors. We already have 60 vendors but there’s always room for more! Last year we had over 800 attendees. This year we are planning for over 1,000 attendees! Do you think your future clients just might be there? Get a vendor table and let’s find out. If you would like to have a vendor table at our Grand Expo, please let us know as soon as possible because the price increases the longer you wait to register.


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Vendor Exhibition Hall. Yes, you need to be here! Attendees are real estate investors and real estate professionals. The best and the brightest, consisting of all levels of experience, all in one location, all in one glorious day, and all looking to meet vendors just like you. They need your services. They need your products. They are your future clients. This is why we say our Grand Expo is where you’re going to “meet your future clients.”

Cost. Glad you asked. The cost depends on when you register. The sooner, the better:

Friday Night Lights. One very special feature of our Grand Expo is the reception, vendor set-up and complimentary dinner on the Friday night before Saturday’s Grand Expo. This special event will be closed to only our speakers and vendors. Great opportunity for you to “meet and greet” with everyone in our industry and network to your heart’s content.


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Registration. So, come on! Become a vendor and watch your business grow! Let’s get started. Please fill out the attached Vendor Reservation Form and you’re on your way. If you have any questions, please feel free to call Lloyd (310-409-8310), Sam (310-909-9188), or Linda (310-994-1962).

We will see YOU at the 4th Annual Los Angeles GRAND Real Estate Expo.


Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Attention: It’s time for another educational and exciting Realty411 Virtual Investing class!

Our guest will be Adiel Gorel with ICG Real Estate Investments.

ABOUT MR. ADIEL GOREL –
CEO of International Capital Group – Keynote Speaker

Adiel Gorel is the CEO of ICG, a prominent real estate investment firm located in the San Francisco Bay Area. Since 1983 he has successfully been assisting thousands of investors with purchasing U.S. properties.

Through ICG he has personally invested in hundreds of properties for his own portfolio and was involved in the purchase of over 10,000 properties for ICG’s investors in Phoenix, Las Vegas, Orlando, Tampa, Jacksonville, Dallas, Houston, Austin, San Antonio, Atlanta, Nashville, Huntsville, Boise, Oklahoma City, Tulsa, Salt Lake City, to name just a few.

Mr. Gorel holds a master’s degree from Stanford University. His professional experience includes Management and Director Positions in firms including Hewlett- Packard, Excel Telecommunications, and biotechnology firms.

Join Us for an In-Person Event in Irvine, CA-
LEARN FROM SOPHISTICATED INVESTORS

Be sure to join us IN PERSON. We will have wonderful resources, plus guests will have access to private capital, plus business and commercial funding as well. We have investors joining us from across the nation for one day of networking.

Our educators will be providing valuable insight, including:
Kaaren Hall, uDirect IRA Services, LLC
Hector Padilla, HP Capital Investments
Christopher Meza, Real Titan Acquisitions
Paul Finck, The Maverick Millionaire
Rusty Tweed, TFS Properties
Barry Duron, AltLender Mortgage
Jeremy Rubin, The Friendly Flipper
Kris Miller, Legacy Wealth Strategies
Deborah Razo, Women’s Real Estate Network
Julie Harrison, Buy Direct Mississippi
Emily Nesselroad, 3 Fives Properties
Paul Wilkins, Approved Inheritance Cash
Jim Edenfield, Invest Success
Tim Emery, The Great Mile High Real Estate Investors Summit
AND MANY MORE!

Now is the moment to grasp this opportunity — the chance to network with sophisticated investors from California and around the country. Join us for our special REI conference.

Be sure to pencil this date now and join us in-person to gain specialized insight and knowledge. The information shared on this day could catapult your portfolio to new levels. Discover our new property portal, our VIP perks, plus connect with new and past industry resources.


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– Join Us for Realty411’s Lone Star Wealth Summit –

Are you ready to grow your real estate portfolio to new levels of abundance? If so, be sure to join us for Realty411’s new Lone Star Wealth Summit.

Investors, Realty411 is hosting a Real Estate WEALTH Summit & In Field Bus Training in Arlington, Texas on September 16th & 17th.

Enjoy a day of learning and networking. Our educators include:*

* Chander Mishra MD MBA CPE FASE FASA FAACD – Blue Ocean Capital
* Bob Bluhm, Esq — Asset Protection Attorney & Public Speaker
* Joseph Kimbrough- Apex Real Estate Investments
* Brian Carlson – Subject-To Real Estate Academy
* Joseph V. Scorese – BRRR Loans
* Brad Blazar – Capital School
* Steve Davis – Total Wealth Academy
* Jimmy Reed – 1REclub.com
* Jonah Dew – The Money Multiplier
* Jim Edenfield – Invest Success
* Tim Emery – Great Mile High Investor Summit
* Arnie Abramason — Texas Tax Sales
* Joel M. Desilets – Damascus Partners, LLC
* Paul Finck, The Maverick Millionaire ®
* AND MANY MORE!

This is our first Lone Star Wealth Summit with the Bus training since 2018. Make sure to register now for both events in Arlington, TX.

The Wealth Summit is on Saturday September 16th in Arlington, TX. The link below will help you register and learn more about the Guest Speakers and Schedule of events.

Register now and you get in the Expo for FREE. However, tickets are limited and will not last. Be sure to read information about the In- Field Bus Tour on Sunday, September 17th.

https://www.eventbrite.com/e/realty411s-lone-star-investor-summit-build-wealth-with-real-estate-tickets-530755121857


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Read, Learn, Grow – Gain Insight Here!

Join Us for Our Lone Star Wealth Summit and Property Tour

– Join Us for an In-Person REI Event in Texas –

Ready to own property in Texas? We’ve owned properties in Texas for over 20 years, plus have referred millions of dollars’ worth of business to Brokerages and Property Managers in the Lone Star State. Join us for a fantastic event and tour.

Investors, Realty411 is hosting a Real Estate WEALTH Expo & Infield Bus Training in Arlington, Texas on September 16th & 17th.

It’s our first Lone Star Expo with the Bus training since 2018. Make sure to register now for both events in Arlington, TX.

The Wealth Expo is on Saturday September 16th this link will help you register and learn more about the Guest Speakers and Schedule of events. Keep in mind register now and you get in the Expo for FREE. However, that will not last long.

https://www.eventbrite.com/e/realty411s-lone-star-investor-summit-build-wealth-with-real-estate-tickets-530755121857

Make sure to register now for both events in Arlington, TX.Price is $179 per person or You and your partner both for $279.

Right now we only have 29 seats that’s it!!
Prices will go up as we get closer to the Expo Date.

So click the link below to get your Infield Bus seat Saved!

Admit 1 includes lunch

Admit 2 includes lunch

The Wealth Expo is on Saturday September 16th this link will help you register and learn more about the Guest Speakers and Schedule of events. Keep in mind register now and you get in the Expo for FREE. However that will not last long.

https://www.eventbrite.com/e/realty411s-lone-star-investor-summit-build-wealth-with-real-estate-tickets-530755121857

Webinar Replay: The Power of INC

VIRTUAL REPLAY:
The Power of INC
Tax Savings During Difficult Times

Did you miss our last educational webinar? Don’t worry! We now have the entire replay available for you (and your team) to watch at your leisure.

Don’t miss this insightful webinar, which will help answer so many questions about tax planning, entity selection and corporate structuring.

Watch the Replay Now: The Power of INC — Tax Savings During Times of Economic Uncertainty!

Topics for this webinar replay will include:

1. Entity selection: LLC, C Corp, S Corp – Tax implications of each
2. Is incorporating right for me?
3. How do I pay myself a reasonable salary?
4. Can I rent back my in-home office to myself?
5. Can I incorporate in a different state to save money?
6. The difference between an LLC, a trust, & an insurance policy
7. Changes in the tax code for 2022-2023
8. Plus, we will answer questions LIVE from our audience!

We encourage you to make time for this life-changing webinar replay. This information will help you understand how to form the proper structure to legally protect personal assets.

About Our Educator:

Tony Watson – Enrolled Agent / Tax Consultant/Keynote Speaker – Tax

Tony Watson personally manages clients with over $350 million dollars in real estate holdings. He has spoken for hundreds of trade organizations throughout the State of California. Holding a federal license as an Enrolled Agent tax practitioner, Tony can advise, represent, and prepare tax returns for individuals, partnerships, corporations, and any other entity with tax-reporting requirements. Aside from his full-time position at Robert Hall & Associates, Tony is an active real estate investor, entrepreneur and enjoys short and long-term trading.