user avatar
Conor Neu
@ConorNeu
Husband to @KatieMay, private credit CIO @PierAssetMgmt. My opinions. Past performance no guarantee of future results. See link for more info.
Los Angeles, CA
pieram.com/disclaimers
Joined December 2008
1,068
Following
8,135
Followers
Posts
  • Pinned
    user avatar
    Conor Neu
    @ConorNeu
    Jul 30, 2021
    Lots of new friends; here’s what we do and how you can get involved. We invest in small dollar loans (<$250k) and contractual cash flows. Examples: small business, consumer loans, bridge real estate, music royalties advances, litigation finance, etc.
  • user avatar
    Conor Neu
    @ConorNeu
    Jan 13, 2019
    Replying to @saammotamedi
    Great read! Love this: “Imagine if cavemen had been shown the smartphone you’re using to record me. What would they have thought about this special rock? Now imagine that Oumuamua is the iPhone, and we are the cavemen.”
  • user avatar
    Conor Neu
    @ConorNeu
    Sep 28, 2021
    Good morning to everyone except those who require wet signatures on legal documents.
  • user avatar
    Conor Neu
    @ConorNeu
    Aug 14, 2022
    Google “unclaimed property [your state]” Find your states site. Search for you and your extended families names. I just found >$15k of unclaimed cash for all my extended family, including $75 for myself. Great IRR on this one…
  • user avatar
    Conor Neu
    @ConorNeu
    Jan 18, 2023
    Friend sold his 20-yo company. So glad for him. After the press release came out, several old employees/advisors asked for a cut. “Remember how much I did for the company? You should pay me some of those proceeds.” WTF?
    155K
  • user avatar
    Conor Neu
    @ConorNeu
    Dec 8, 2022
    We are hiring an Investment Analyst. This person will work closely with me and spend a lot of time in Excel. Hot tip first interview question: What’s your favorite Excel function and why?
  • user avatar
    Conor Neu
    @ConorNeu
    Jan 14, 2023
    If you’re currently buying <1-yr treasuries at 4%, should you just overpay your taxes instead? You’d get that refunded at tax time and earn 6-7% on that balance. Not tax or financial advice…
    106K
  • user avatar
    Conor Neu
    @ConorNeu
    Jan 26, 2021
    Finished up a fun project that overlaps finance, parenting, Twitter, and more. Here is the end result. But let’s start at the beginning.... 1/13
  • user avatar
    Conor Neu
    @ConorNeu
    Mar 12, 2021
    Any VCs raising for their first or second fund presently? Am looking to allocate in $25-100k slugs from an entity I manage. Would like to see 10-20 funds and pick 2-3. DM if raising.
  • user avatar
    Conor Neu
    @ConorNeu
    Jul 25, 2021
    Drove from LA to Seattle. If you ever doubt the greatness of this country, get out and see it all. Great reminder of how special this place can be. Crater Lake, OR Deepest blue I’ve seen in forever.
  • user avatar
    Conor Neu
    @ConorNeu
    Aug 6, 2023
    15 Q’s in 60 seconds. Everybody wins! #15Q60 Did you move states in July?
    16K
  • user avatar
    Conor Neu
    @ConorNeu
    May 2, 2021
    I’ve now spent 9 years in equities and 9 years in debt. Understanding one is so valuable for understanding the other. I’m a big proponent of mid-career shifts within your industry.
  • user avatar
    Conor Neu
    @ConorNeu
    Sep 1, 2021
    “I’ve always thought of the gov’t as my 50% silent partner. Between cap gains, income, and sales taxes, they’re getting half. When they put a rent moratorium in place I realized they also have the controlling equity vote.” - Overheard at @CapitalCamp by a multi family landlord
  • user avatar
    Conor Neu
    @ConorNeu
    Aug 24, 2023
    Just bought a subprime auto portfolio, fully performing (no DQs), at 76% of par ($2mm purchase price). Priced it up using a 25% discount rate, cumulative loss curves going to 25-40% (depending on term), and 25% expected recoveries. Some strats: Avg coupon 24.6% 467 loans Avg
    100K