The word is that this year is reflective of 1931, 1932, but people are hoping the fed fights hard to make it more like 1987 recession.... gold is good choice... inventory supply is HUGE... GMAC financing is great if people have jobs and confidenece to buy, otherwise I would not buy a new GM car, maybe like real people they could sell their vehicles like GNX # 001 and GNX # 500 if they really need money... if I needed money I would have to sell my house and toys... if I could sell my house....
I refinanced my house Dec 15, 2008 and got a 30 year, 5.0 % fixed rate VA Home Loan, house payment will be $393 per month for principal & interest, real estate tax, insurance, overage/shortage AND NO PMI, becuz I am an army veteran, Just heard today (12/31/2008) that 5.10% is the lowest rate for 30 year fixed rate EVER, however, my credit score is 771, 778 & 797 using transunion, experian, and equifax on 12/15/2008... also I am going into 2009 with zero credit card debt...whew, now I gotta stay away from buying buick parts... or going on caribbean vacation for a month...
I heard on TV that the first half of 2009 is recession and 2nd half is recovery, fuel prices are predicted to go back up around $3.00 per gallon by memorial day, I dunno about fuel prices, but I read that online.... I could have bought stocks and mutual funds, but look at how much people lost...
Bill Gates investment portfolio is down $13 BILLION, what did he start with...
Paul Allen cofounder of Micorsoft is part owner in charter and he is getting out, I met Paul Allen 5 years ago and Woody Johnson through the limo business...
if you have money questions, investment, ask, I offer free help... I wanted to buy google stock when it was IPO at $105 per share and edward jones where I had money invested said no you dont want to go there, well, I pulled all my money out and google shares have shot up to as high as $700 per share or more and down to $305 today...
Here is a photo of how people in their 30's should invest