How about 2009?

Well there is a lot of ups-and-ups there, but I don't see where you can investin it.

well i have decided to invest my money in shares and real estate.This year,I am also planning to try gambling.

Gambling? I hope you are not going to try "investing" at a Casino

well i have decided to invest my money in shares and real estate.This year,I am also planning to try gambling.

Alrighty...
I think I google searched one of those companies I saw on the tube and people were saying they wanted 4g's or even more

I listen closely to the Mad Money man and the street, write down the stocks and take it from there....since I have no clue what I am

:

I’m definitely feeling the crunch in 401k and personal investments. I at least log in twice a week and from what I am seeing the meter is steadily declining. I watch these accounts like I watch my others. When I was in my early twenty’s my aunt told me that she lost her entire portfolio. Apparently she let a broker manage her assets??? The problem is she never paid any attention to what was happening on Wall Street and assumed that everything was ok. If I see a problem and a stock continually looses $$$ they are history…

Ignore these bogus trading tools; they are just computer programmes incorporating elements of technical analysis and marketed as magic tools. Beware of snake oil.

I’m definitely feeling the crunch in 401k and personal investments. I at least log in twice a week and from what I am seeing the meter is steadily declining. I watch these accounts like I watch my others. When I was in my early twenty’s my aunt told me that she lost her entire portfolio. Apparently she let a broker manage her assets??? The problem is she never paid any attention to what was happening on Wall Street and assumed that everything was ok. If I see a problem and a stock continually looses $$$ they are history…

I don't really have any experience regarding the market but I have seen alot of advertisment on computer software that can predict highs and lows. Anyone utilized any of these tools?

Thanks for the great info and link. Never in history will I ever purchase a home in The Bay Area. I never even thought of it. You should see the homes that run for $800k, you will be afraid to walk inside of them. A few of my clients hit it hard with their mortgage and the spouses ran out the back door. I plan on purchasing in GA. Hopefully everything works out ok. I will continue to work on my credit report just like you said and I hope to get slapped with the best deal according to the good credit peoples.

Well Meya I only say things how I see it

I would love for you to purchase a home. HOWEVER, in the area where you live (northern Calif) prices are still on the decline. I would suggest that you NOT buy a home there until November 2008. From what I read prices in the bay area are still set to drop another 15 to 20% between now and the end of November.

Here in Texas the prices are flat right now, they may drop 1% but thats easy to bargain away when you purchase a home here. Every market is very very differient. So between now and November just work on improving your credit but DO NOT buy a house now in Northern Calif

Check out this link for thousands of forclosed homes being aucitoned off this month in Calif for thirty cents on the dollar;

http://www.ushomeauction.com/calendar.php

Wow, after reading this post porgy, I feel confident when it is my turn to sit down with the big timers in regards to my first house loan. Do they offer the same deals with the first time buyers? I wanted to invest with houses also, but I have a lot to learn and reading this particular thread keeps me more interested in doing so.

Awww Porgy, thanks for the appreciation, but you are the right hand man here. If you even think about leaving, I WILL FIND YOU! BOOOO, Wings in blood out! hehehehehe just kidding.

I sat down today with the CTX mortgage lady, and she said, first thing is I pull your credit I was like ok.

Her mouth just opened in shock. hehehehe, I told her I had average credit, my FICO's where 802 EQ, 807 EX, and 819 TU. She handed me a mortgage approval for 5.25% on the spot for a 30 year fixed rate loan on an investment property I am buying. I said to her "dont you want to verify my employment, income etc" she said with a score like that WHO CARES. I learned that your FICO is your most important asset. Even though I have a good job etc, she said the FICO made everything else not matter.

This is a good example of how this site can benefit everyone. I learned alot here from other members, and I hope a few learned something from me.

My fico scores are up 52 points in just under 6 weeks since I joined on here and took better control of my credit. I have found info posted by others very valuable, Eric, Meya and others gave me great advice

Prices are very very low, interest rates are very very low.

It's funny to me how the media never makes simple and solid predictions when it comes to the economy. The things that do happen seem to be predicted by people other than the media, stock analysts, and of course the FED (boy do I miss Alan Greenspan ). We all knew that the housing market was going for a bubble. It was just out of control. It is heading for a floor, and no one will know where that floor lies until we get there, and things pick back up. I think that the truth is, people and lenders are nervous.

I really do think that Porgy1000 has it right. Look for opportunity in this mess we're in. Don't be afraid to make a move if you know, based on research, that it's a good investment. Hey, we all have this one life to live. Sometimes you have to go for it.

ok, here is my TWO CENTS. I am sure its worth only 2 cents lol

In a horrible real estate market where no one can sell a home or give one away, I am out buying houses.

Prices are very very low, interest rates are very very low.

I have purchased 3 foreclosures for hundreds of thousands LESS then the neighbors paid for similar houses. I am obtaining 5.5% fixed rate mortgages, then renting the houses out for a positive cash flow.

Real estate goes through cycles like this all the time, I remember in 1983, I purchased forclosures for $30K and sold them 2 years later for $90k and all the time, the tenants paid off my mortgages.

With all the trouble in the stock market, I rather handle my own money and investments. Being lazy is the best way to lose money

In real estate, history always repeats itself. This is just a cycle and it will bounce back in 2 to 5 years. NOW is the time to set yourself up for HUGE profits down the line

a hodge podge of blue chip stccks, some penny stccks, bonds and mutual funds. have to really sit tight in such turbulent markets.