Economy climbing back?

[GNBRETT]

My 457 plan is up $14k in the last (3) months. If things are bounching back this early in the year then all the panic was for nothing imo.

 

[RobsIron]

My 457 plan is up $14k in the last (3) months. IF things are bounching back this early in the year then all the panic was for nothing imo.

.

 

[Little6pack]

When my IRA gets back I am selling out!

 

[turboc87gn]

I kinda think not gm just put like another 23,000 in the streets....Your ira must invest in firearms lol you sure thats not a 357 plan?Lol!!!

 

[GNBRETT]

I just stayed in what was working for me before. All (4) funds are pulling very strong. That's thousands and thousands of stocks. I am not that lucky. I am still down but at this rate I will surpass myself by next year.

I have seen the market do this twice now since I have been in it. It's really no suprise that things will bounce back quickly.

 

[Little6pack]

I have toyed with idea about taking my money & buying a good quality rental property since prices have come down.

My DAD inlaw lives scott free thanks to his 2 rental flats.

 

[klrv6]

Yea, Ford "F" is in the crapper too... it may triple it's selling price in less than two months! It's a risk but most of my weight is carried in GM stock that was purchased this month

 

[GNBRETT]

I have toyed with idea about taking my money & buying a good quality rental property since prices have come down.

My DAD inlaw lives scott free thanks to his 2 rental flats.

I would say that is a poor idea. A lot of headaches with rental properties and there is no guarentee they will yield you more money then ur retirement account will when you retire. That is a long time from now and will be subject to more blips in the market. So what tho.

A lot of people feel the way you do and say "If I could just get my money back I'll take it and run and invest in something else". Keep it where it is. It will have its ups and downs, but always more ups then downs in the end. Thats all that really matters when you are ready to retire. Just my $.02

 

[Little6pack]

I am still waiting for it to go back to where it was back in 1996 (Boy I miss those days). 13 years later it still looks gloomy.

 

[Gary Wells]

The economy coming back:
IMHO, the economy has been down long enough that some segments of it will come back faster than others, but the economy in general is still down and will be overall for quite some time. Something that nobody seems to want to talk about is that commercial property is projected to start going belly-up towards the end of this year. I believe that I have heard that the right coast has already seen some major commercial properties, namely, some large shopping malls fail and go belly-up. It was stated on MSN news a few months ago that approximately 30% of commercial property will not be able to make payments, namely those involved in ballon payment type of structuring. And housing may have bottomed & leveled out in some areas, maybe even most. So no, the economy is not coming back for quite some time in general. That doesn't mean that you are not doing great, that just means that the rest of us are not doing worth a damn. Just my $.02 worth. Not slamming nor dissing anybody else's opinion.

 

[Gary Wells]

And as an addendum to my previous post, something that I forgot to mention:
MSN news just announced yesterday, and on the MSN homepage was a statement / article to the effect that 501K's are no longer allowing cash withdrawals. That was the opening statement, I did not open it up and read it. Economy getting better? Sure it is.

 

[Gary Wells]

Oops, my bad, make that 401K's.

 

[Pronto]

I have toyed with idea about taking my money & buying a good quality rental property since prices have come down.

My DAD inlaw lives scott free thanks to his 2 rental flats.

You were a rental property owner and HATED it! Ya, ask my boss how fun it is having renters in his properties. Bed bugs, plumbing leaks, parking disputes, noisy renters, drugs, drinking, building inspections, charity agents inspections, chasing down rent money, evictions, sheriff's, courts, taxes (you're favorite). NO THANKS. I don't know why you're thinking of that. You're going to get 2 million in property from the Mom and inlaws anyways. You just need to raise their blood pressures up so they'll kick.

 

[GNBRETT]

The economy coming back:
IMHO, the economy has been down long enough that some segments of it will come back faster than others, but the economy in general is still down and will be overall for quite some time. Something that nobody seems to want to talk about is that commercial property is projected to start going belly-up towards the end of this year. I believe that I have heard that the right coast has already seen some major commercial properties, namely, some large shopping malls fail and go belly-up. It was stated on MSN news a few months ago that approximately 30% of commercial property will not be able to make payments, namely those involved in ballon payment type of structuring. And housing may have bottomed & leveled out in some areas, maybe even most. So no, the economy is not coming back for quite some time in general. That doesn't mean that you are not doing great, that just means that the rest of us are not doing worth a damn. Just my $.02 worth. Not slamming nor dissing anybody else's opinion.

I agree with some of that. But my father is up $240k in the last (3) months and he does not invest in anything that I invest in. And his stocks make up thousands more then mine do so I doubt it's just luck.

There are many opinions out there as to what may or may not happen with real estate. I would agree that in some areas real estate will continue to suffer. There will be parts of the economy that will continue to have issues but the market is world wide and not solely affected by our real estate problems. It is more affected by investor confidence. That confidence is growing.

The success of the stock market is the real guage, not what may or may not happen with real estate. But, things are always subject to change of course.

 

[Pronto]

Unemployment is a lagging indicator of the ecomomy and the most recent figures show a slowdown in the rate that people were being laid off and the number was steady. If it stays that way may be already started on the upswing. Which of course I hope is the case.

 

[GNBRETT]

Unemployment is a lagging indicator of the ecomomy and the most recent figures show a slowdown in the rate that people were being laid off and the number was steady. If it stays that way may be already started on the upswing. Which of course I hope is the case.

Unemployment is never a true indicator of the how the economy is doing after a bear market. The nexus between unemployment numbers and economy strength after a recession will never rise at the same rate. The unemployment numbers will improve long after the economy bounches back. 90% of this countries wealth is made up by 10% of the population. That 10% is hardly affected by unemployment numbers. But the upswing in fewer layoffs like you said is probably a sign in the right direction.

 

[regal-nut]

The comp. that i worked for before i got the ax, just had a meeting fri. and said that they will probly layoff 70% of the people that are left working and thats less then 90 employes between 3 plants. So imo i think that we have not hit rock bottom yet.

 

[SS_Sean]

Slowly....baby steps. We'll crawl back out. I've already tipped half my retirement back into the market but I don't expect to see real movement this year. Next year will be a little better. I'd just like to see people getting back to work and not hurting so bad.

 

[benoitthegr8]

Join the Military we are always looking for Alpha Males to send to beutiful lands like Trashcanistan & Iraq.... All I can say is I'm glad I made the decision for the 24 year program.... Also my investment through TSP has been in Govenment bonds, not big upside but defintely no downswing eithier. My uncle who happens to work for GM has lost 70K in his 401...

 

[JP112_89]

Still a bear...

I think a lot of individual investors are getting back in because they do not want to miss the boat. I think it is a bad move.

The people that are close to retiring want their retirement funds to be back where they were a couple years ago. The I think most will sell off and enter a fixed income fund as soon as they break even at the least. Actually, a lot of people I know who are in there early 40's are going to do the same thing.

Total speculating for the average American concerning the stock market... Screw me Once, I will still invest. Screw me Twice, I will give it another try. Screw me 10 TIMES, I am pulling out for good!