OneManArmy

iTrader: (7)

Housing market is a bust?

You kidding me?


Now is a GREAT time to buy property. The economy and the housing market are in the toilet and house prices are dropping. Foreclosures are everywhere. Next year will be better but if you can buy a couple pieces of property and sit on them for 7 to 10 years it'd be a KILLER investment.

My 401k has taken a MASSIVE hit on the market so stocks are ****e unless you know how to play downs.

Best advice for investing right now is LONG TERM investments.

subie OCD

iTrader: (11)

I think its undervalued, many of the starbucks I go to always have a line. Yes, people are skipping it but I dont think its wise to count Starbucks out for good. By closing the underperforming stores, they can work on improving the existing ones. McDonalds did a similiar move by not opening new stores and improved existing ones with new products and new interiors. I think Starbucks would be a good longterm buy.

Racenut

iTrader: (1)

I invested in some Canadian POT. It's done pretty well for me, but at this point you might be late to the party

wombatsauce

iTrader: (7)

Same boat pretty much. We were gonna buy a house, but have lost interest and are looking for a direction to aim the cash. Considering relocating, but it's a bad time for that too. Might just stuff it in a CD for a bit till we think of what to do with it. I do not have the time/knowledge/passion to invest in stocks beyond 401k.

CoryTurner

iTrader: (3)

if you put it in a CD, just make sure it's paying a higher % than inflation. i know some CD's are pretty weak right now.

If i had some cash to make a small long term investment...i'd buy a 1997 Acura Integra Type R. make sure it was stock or turn it back to, then sit on it. caues the $15-20K now for one in good condition, would only have to be worth 80K in 25 years to double in value....and i bet it will be worth a hell of a lot more than that then.

jvick125

iTrader: (2)

You seriously think an Integra R is going to be worth over 80k in 25 years? I'd laugh at any and everyone who paid that much for one in 25 years.

subie OCD

iTrader: (11)

Make sure to stay within FDIC insurance limits if you go into CD's.....them banks are a failn'

subie OCD

iTrader: (11)

Thems some high hopes.

slow04wrx

iTrader: (3)

You guys do know the starbucks just closed a bunch of US stores, because they were loosing money big time and all the stores right next to each other backfired.

Starbucks is probably one of the ultimate worst investments you could make.

oh yea, and you'd be a total d-bag for opening another star****s

slow04wrx

iTrader: (3)

If you want a rare car, go find a low mileage (under 3k) 2000 cobra r mustang. Betcha in 25 yrs you'll fetch a pretty ****ing large amm.

subie OCD

iTrader: (11)

So you think Starbucks is going to fail?

slow04wrx

iTrader: (3)

Not as a whole, but I'm pretty sure I could argue they already failed individually at all these stores they had to shut down. There was no special reason beside loosing money and over saturation.

You could argue any remaining part of starbucks qualifies as not failing. But especially given the situation of someone who is going to open a store is our topic of discussion.................Yes all those stores failed, t

wombatsauce

iTrader: (7)

Another way to look at it is this: if they would have kept those stores open they might have failed, but by closing those stores they probably will not. It seems to me to be a smart decision when only considering viability and the price of stock. The point is not number of stores - it's the stock price.

subie OCD

iTrader: (11)

Exactly.

mot

iTrader: (5)

what about ING?