A T-Shirt is a "thing"...If you must, just print the statement on your chest with a Sharpie and use the $12 to rent a good movie, buy popcorn & soda and enjoy an evening with friends & family.
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Helpful financial tips
- Thread starter scooterbug44
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"...Financially speaking, THIS TIME--it REALLY is different. ..."
I don't know. I think I have read that line ("This time thing's
are different") in the history books. But it never seems to be
really different. People get greedy and do stupid things and
the house of cards tumbles. Usually lots of debt and speculation
are involved.
And almost always smart people see it coming (You?)
And profit from it.
"..We're entering into uncharted financial territory. If America is going to pull out of this economic mess quickly, Americans are going to have to change lifestyles first..."
I think it will pull-out, but how "quickly" is the big unknown. Is "quickly"
5 years, 10 years, ?? years?
And certainly there will be "lifestyle changes." People adapted to
the depression and the austerity of WW II.
When no one will loan them money for the Yukon they will get around
in an AMC Pacer.
Many will discover that renting is a viable option for housing.
Now I don't think the 21st century is the "American" century. The
20th Century was the American century; the 21st century belongs to
China (or so it appears at this point).
Just as the 19th century was (arguably, maybe) the British century.
But just as the British get along fine even through the sun has now
set on their empire, the USA will get along fine.
And Florida real estate will "come back."
Just a question of when.
The first (and only, to this point) Florida real estate that I owned was
a silly little lot over in Port St. Lucie that my Grandparents bought way
back in 1959. Still have the title abstact for it somewhere around here.
When the inevitable big tax assessment came along in the early '80s,
my widowed Grandmother, having never built on the lot, was going to let
it go to tax sale. I paid the assessment and took over the lot and held
it for a few years until selling it since I thought someone was going to
make me mow the jungle on it since the whole developement (platted
in the late '50s) was finally being "built-out."
Although it took over 40 years, I think the area is a "hopping" place
now.
(Or at least was until this last bust.)
It is all a matter of time.
But since I most likely don't have another 40 years left in me, I
need to choose a littler wiser than my Grandparents did.
I need an outlook of no more than 12 to 15 years.
I don't know. I think I have read that line ("This time thing's
are different") in the history books. But it never seems to be
really different. People get greedy and do stupid things and
the house of cards tumbles. Usually lots of debt and speculation
are involved.
And almost always smart people see it coming (You?)
And profit from it.
"..We're entering into uncharted financial territory. If America is going to pull out of this economic mess quickly, Americans are going to have to change lifestyles first..."
I think it will pull-out, but how "quickly" is the big unknown. Is "quickly"
5 years, 10 years, ?? years?
And certainly there will be "lifestyle changes." People adapted to
the depression and the austerity of WW II.
When no one will loan them money for the Yukon they will get around
in an AMC Pacer.
Many will discover that renting is a viable option for housing.
Now I don't think the 21st century is the "American" century. The
20th Century was the American century; the 21st century belongs to
China (or so it appears at this point).
Just as the 19th century was (arguably, maybe) the British century.
But just as the British get along fine even through the sun has now
set on their empire, the USA will get along fine.
And Florida real estate will "come back."
Just a question of when.
The first (and only, to this point) Florida real estate that I owned was
a silly little lot over in Port St. Lucie that my Grandparents bought way
back in 1959. Still have the title abstact for it somewhere around here.
When the inevitable big tax assessment came along in the early '80s,
my widowed Grandmother, having never built on the lot, was going to let
it go to tax sale. I paid the assessment and took over the lot and held
it for a few years until selling it since I thought someone was going to
make me mow the jungle on it since the whole developement (platted
in the late '50s) was finally being "built-out."
Although it took over 40 years, I think the area is a "hopping" place
now.
(Or at least was until this last bust.)
It is all a matter of time.
But since I most likely don't have another 40 years left in me, I
need to choose a littler wiser than my Grandparents did.
I need an outlook of no more than 12 to 15 years.
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Only had to once in New Jersey at a large grocery store.
I said Mahna Mahna.
doot doooo d' do-do
"...What if this is as good as it gets for the next 10 years?..."
I can handle a 10-year recovery.
Gives me lots of time to procrastinate.
I probably can not handle a 20-year recovery.
I can handle a 10-year recovery.
Gives me lots of time to procrastinate.
I probably can not handle a 20-year recovery.
Ya gotta wonder if there really is a safe place to hide.
http://socialize.morningstar.com/NewSocialize/forums/thread/2449757.aspx
Bank of Serta looks better all the time.
Looking for a lower opening this morning.
Just to maintain my "Gloom & Doom" title, here is the morning fix:
http://news.yahoo.com/s/ap/20071019/ap_on_bi_ge/stretching_paychecks
http://socialize.morningstar.com/NewSocialize/forums/thread/2449757.aspx
Bank of Serta looks better all the time.
Looking for a lower opening this morning.
Just to maintain my "Gloom & Doom" title, here is the morning fix:
http://news.yahoo.com/s/ap/20071019/ap_on_bi_ge/stretching_paychecks
so, yesterday I was too gloom and doom for you ....
and today you're taking the title back?
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The idea behind the life insurance was that by starting it early (when we were 2, 4, 5, and 8) it would continue to grow so that by the time we were old enough to be buying houses, be married, have kids, we would have it as an asset. At the time they may have been jumping the gun, but 25 years later, it's a great thing for us to have.
Dad would buy stocks in companies we were familiar with like you said - Disney, Pepsi, McDonalds etc.
"...and today you're taking the title back?..."
Oh, it's going to get bad.
But then it will get better.
If I thought it was going to get bad and stay bad, I
would be looking to buy ordinance and not real estate
or stocks.
Oh, it's going to get bad.
But then it will get better.
If I thought it was going to get bad and stay bad, I
would be looking to buy ordinance and not real estate
or stocks.
FINANCIAL TIPS only!
Please discuss the economy/real estate market of one of the other 8 threads currently dedicated to those subjects!
Please discuss the economy/real estate market of one of the other 8 threads currently dedicated to those subjects!