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Location: Formerly Pleasanton Ca, now in Marietta Ga
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Quote:
Originally Posted by SmartMoney
What is hot, hot, hot right now are the Chinese buying up Florida - Orlando specifically. The are hitting the new homes market hard, the putting them up on VRBO or Air BNB to compete with Disney and Epcott and Universal. Those parks charge $700 to $1500 for 4 adults with 4 kids for a hotel room. For $500 a night, they can get a whole house with private pool and hot tub. The landlord payment is around $2500 on a 15 year loan. Then, they pay it off in 5 years or less and buy another. Its crazy. Oh, then some posted this on the mortgage forum https://www.nationalmortgagenews.com...98b7b192294d57
Rumors and innuendo is what comes to mind when I hear slowdown or "big trouble coming." In 2010 we heard "better do something now, rates gonna rise." In 2011, 2012, 2013 thru 2018 we kept hearing the chant, "rates gonna rise." Well, after 8 years, they finally got it right, but guess what? Rates are still within 1 to 1.25% of the all time lows. That's a pretty narrow range.
My personal investments follow the standards of investing, diversify and diversify., Rght now, i am trying to figure out where to park funds needing to be rolled over.....but wherever they go, i am going to be ready to pounce.......for when that slowdown comes (eventually the OP will be right). But if we are going to GUESS, because indicators are just that, indicators. I'm going to say it will be within a year of the 2020 president taking office.
Off to polish that crystal ball. I will check back on this thread in 2021.
Didn’t warren buffet , kind of a successful investor himself say
. “Diversification is a protection against ignorance," according to Buffett. "[It] makes very little sense for those who know what they’re doing.”
OP, I am seeing the exact opposite. Everything is booming around here. We do have certain restaurants that are located near a local military base that aren't doing so well because of the government shutdown but that is their fault for being located where they depend on the federal workers for business. The rest of the restaurants are close to normal. Home sales are actually quite a bit better than normal for this time of year. Car sales are down nationally for GM, Ford and Chrysler. I'm not so sure that has anything to do with the economy. I think it has more to do with they kept jacking up prices to the point it affected sales and they are also have a lot of consumer complaints due to poor quality. Common sense would tell just about anyone that if you keep raising prices and at the same time allow quality to decline, it is going to catch up to you at some point. The US automakers will find themselves on the verge of bankruptcy again in due time. This time we should allow them to fail and go away.
Car sales are down nationally for GM, Ford and Chrysler.
Light vehicle sales - which include everything bought by general consumers - have remained remarkably steady since the recovery.
2017, 17.1 million
2016, 17.5 million
2015, 17.4 million
2014, 16.5 million
Figures for 2018 are in the 17 millions as well. You're mistaking all the hysteria and hoopla over "car" sales dropping in favor of the continuing climb in pickups and the switch to trucky-cars for a drop.
I deleted my comment because it was political. Sorry about that.
I am getting very worried. I know I am not alone in my apprehension.
Very insightful post, SeriousConversation.
You are not alone. I live in a 'booming' city but it doesn't seem so booming anymore. Lots of my white collar friends are getting laid off and looking for new jobs; my own company just laid off 1000 people - in addition to last year.
A good friend of mine is a real estate agent and their muckety mucks expect a much slower market this year.
Sure, tons of fast food restaurants have help wanted signs up but that is about it these days
Sure, tons of fast food restaurants have help wanted signs up but that is about it these days
Even that.
When I moved to Denver in fall of 2017, it quickly became a joke that every single service kind of place not only had a HELP WANTED sign up, but they were tattered and weatherbeaten. Some were literally permanent signs (weatherproof and mounted). I suggested that it would be easier for a few places to put up NOT HIRING signs.
You know what? I don't see nearly as many of those signs as I did. Not by well over half.
Didn’t warren buffet , kind of a successful investor himself say
. “Diversification is a protection against ignorance," according to Buffett. "[It] makes very little sense for those who know what they’re doing.”
How many of us genuinely know what we're doing? Mere theory doesn't count.
Quote:
Originally Posted by aslowdodge
... his strategy helped him get past 100kto 100 million .It’s all relative.
True... but for every successful Warren Buffett, how many were there, in similar circumstances, with similar verve and similar discipline and similar knowledge, who made comparably reasonable bets, and yet, failed miserably? We simply don't know. We only know of the successful-few, and regard them with reverence, and regard their methods are being particularly good.
I would amend Mr. Buffett's aphorism: "Diversification is protection against caprice of nature".
When you confiscate $12,000 a year from a family, there is a huge resultant wave affecting our economy. I refer to Obamacare.The same family can get full care for $400 a month from Liberty medical. The difference is $7,200 back into that family's pocket. There is one catch. Liberty Medical does not fund abortions.
-break-
We only know of the successful-few, and regard them with reverence, and regard their methods are being particularly good.
Henry Ford said, If I had asked the public what they wanted, they would have said, "Faster horses".
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