Tuesday, November 13, 2007

Hello, common sense, where art thou?

OK:
So nothing much has changed in the economy, but today is a huge up-swing in the market. Is that because of the drop in oil prices? Maybe. But maybe the market is this roller coaster as everyone tries to time the market. Well folks, the downswings in the market have been getting deeper and wider (larger drops and longer depressions).
Why is this? Well, because there is not an infinite amount to be made. For every $ made, someone is losing a $. Common sense. We need to work on the problems with the economy before we hope to make more money overall.
Here are some common sense ways:
1. End the war-gusher. Yes folks, we tapped the jugular here and are pissing away money and more importantly lives. What do we expect will be gained anyway? Love the troops, hate the war.
2. Housing. Let's all buys homes we can afford. Let's afford the homes we have. Elaborate financing is a house of cards. All us sensible people knew that.
3. Cars: fuel efficiency, reasonable sizes, car pools. Those are the ways they did it in the 70s.
4. Stocks. Invest in some stocks that you think will last. Now, one can never see the future on this, but pick solid picks like Target, Exxon Mobil, and others. What about Schering-Plough? They will always sell us their OTC medicines and we will always need them. Good earner.
5. Save, save, save. Nothing beats saving to prevent your default on loans. Having a nest egg at a nice place like ING helps. (Ask me how, I'll send you a link and we'll both earn some $$)
6. Love your job. If you don't try, how can you complain about not getting the money "you deserve". The key to wealth and success is hard work. Less than 10% of the most wealthy Americans made their money through hard work. Particularly the Warren Buffetts, the Bill Gates, and the Steve Jobs.
7. Use your mind and your intellect. Don't impulse shop, don't impulse invest. Both are bad money-losers.

Okay, enough of that. Hard day. Everybody is recovering from sicknesses in the family and I had to mow the lawn in the dark. It needed it. It had been 9 weeks! Then running around for dinner and stuff. I am tired, tired, tired. But, need to push on 'cause there is too much to do.
Well, I'll add to this later (if I find the time.)
Hope all are well out there in the real world!
Big hello to all my buds and any wandering eyes out there.

Thanks for listenening!
-K

Big picks coming through this week: bank stocks! (Told you.) Expect more from them. Look to big commodity earners like RIG, DO, XOM, and PCU. They are big earners and paying large dividends.

2 comments:

furiousBall said...

You're right amigo. The majority of issues with the economy is a symptom of the leading indicators as marketing experts get paid to tell us. oil and then housing indexes which are affected by oil... wait, isn't basically everything affected by oil? there's a trickle down effect, but it's mostly reactionary knee jerks by investors to protect themselves. i'm still trying to ride my bike to work once a day to save money on gas (my commute is only 13 miles afterall). on the plus side, i can now crack walnuts with my quads... i mean if you kind of pre-crack them for me... and give me a nutcracker...

kuntzy said...

Too true. Even without walnuts you could have a nutcracker. Seriously, I wish I could be in shape. I know that sounds as lame as it is.
You are right too about trickle down economics. Lots trickles down, not always good.