Invest Wisely -- Recession MIGHT End This Year!

[Archangel]

Read this:

http://news.yahoo.com/s/ap/20090316/ap_on_bi_ge/bernanke60_minutes

It's a great time to get those valuable domains and ya might wanna be quick -- the recession might end by the end of the year

Underline: MIGHT

 

[mwzd]

I'll qualify my statement earlier after goodkarmaco's post.

Metals have always been a popular 'liquid' investment, especially here in India.

By liquidity I meant exactly that tbh, not only cash. Though with all other currencies falling against the dollar, if the dollar does crash it could really wipe out a lot of important economies in asia and south america.

 

[bmugford]

If/when the dollar crashes it is taking the rest of the world down with it. The vast majority of countries in the world rely more on the money coming in from America than anything for the growth of their economies.

I don't see countries like China/India/Brazil really thriving independently with a weak US economy.

I would rather be invested in premium domains than stocks or metals right now. The opportunities are better if you have a plan. If you invest in Gold now @ $900 and say it doubles over 3 years, that is only 2X the initial investment. It is very easy to make a much higher ROI with domains.

Brad

I'll qualify my statement earlier after goodkarmaco's post.

Metals have always been a popular 'liquid' investment, especially here in India.

By liquidity I meant exactly that tbh, not only cash. Though with all other currencies falling against the dollar, if the dollar does crash it could really wipe out a lot of important economies in asia and south america.

 

[dbtbandit67]

it always amazes me the way people systemize and analyze "the economy" as if it were some sort of complex equation that can be solved and predicted.

on an individual level, have most americans learned their lesson? are we working harder, thinking smarter, reading contracts before we sign, borrowing what we can afford to pay back?

if most aren't, then this country, on a broad scale, won't ever get out of it, ever.

 

[mwzd]

I would rather be invested in premium domains than stocks or metals right now.

I'd agree with a qualifier, most people do not understand the meaning of 'premium' tbh.

 

[bmugford]

I agree. There is a lot of money to made in domaining but you need a good idea of what type of domains sell, especially to end users.

Brad

I'd agree with a qualifier, most people do not understand the meaning of 'premium' tbh.

 

[Archangel]

I'd agree with a qualifier, most people do not understand the meaning of 'premium' tbh.

Have you noticed all the sellers trying to pass ReallyGreatAlbeitLongDomain.info off as premium? I see it to be a smart thing to buy a true quality domain in this mess of a recession. But still, the economy doesn't look like it'll magically fix itself and although "by the end of the year" is possible, I -- like most others -- have my doubts. Obama said before, "Yes we can!" and now he's saying, "It'll get worse before it'll get better." That's the thing to remember: It'll get worse (far worse) before it gets better).

I agree. There is a lot of money to made in domaining but you need a good idea of what type of domains sell, especially to end users.

Brad

Another part of the game is knowing what to buy and when. Don't waste your money on something inproven and/or worthless. If you're hiding behind a wall of .names, then there is no future for you

 

[bmugford]

I have had a lot of end user sales recently especially for moderate priced domains with clear uses.

It seems many people are giving it a shot now at launching an online business. Now jobs are not as secure people seem to be more open to trying something new.

Brad

Have you noticed all the sellers trying to pass ReallyGreatAlbeitLongDomain.info off as premium? I see it to be a smart thing to buy a true quality domain in this mess of a recession. But still, the economy doesn't look like it'll magically fix itself and although "by the end of the year" is possible, I -- like most others -- have my doubts. Obama said before, "Yes we can!" and now he's saying, "It'll get worse before it'll get better." That's the thing to remember: It'll get worse (far worse) before it gets better).

It is not only important to know what to buy, but also what to spend. Domains don't come with a price guide so it takes careful consideration of likely return for the cost. Some people will buy a domain for $2000 with a chance to sell it for $2500. To me that is not a great idea.

There are so many domains available daily it doesn't make sense to get into a heated bidding war.

Being disciplined really does help. Buying domains with a clear use helps also.

Brad

Another part of the game is knowing what to buy and when. Don't waste your money on something inproven and/or worthless. If you're hiding behind a wall of .names, then there is no future for you

 

[lincolndsp]

Has anyone watched Zeitgeist movie? The current economic developments resemble some historic examples shown in that movie, the movie can explain why this recession was needed and for who.
That's my remark as to the FEDERAL reserve and the dollar being backed by gold or something.

 

[Kate]

Wow. Out of curiosity, do you have any idea what, if anything, backs the US$?

The land maybe... that's the only thing that won't move.

Now that is a great question. The answer however is not simple, but in short the US$ is not backed by anything tangible.

Very true The markets run on faith. When the faith is gone the markets take a dive. The crisis is little more than the sum of our collective behaviors.

Have you noticed all the sellers trying to pass ReallyGreatAlbeitLongDomain.info off as premium?

Yes but at the end of the day economic reality doesn't care about hype and hyperbole

 

[harkster]

Propping up those who fail and rewarding those who produce what the public does not want is a guarantee for failure and the outcome is inflation. Inflation destroys the economy.

Paper dollars are becoming worthless. History will show Paulson and Berneke's monetary policy to be the fuel that exploded the economic landscape to a particule of value.

SOON CASH WILL BE TRASH.

What is really happening is central banks around the world and large investors are now convinced the dollar is walking to its own funeral. Historic high purchases by central banks of gold recently is a testament that the counterfieting central banks who had a disdain for gold now are in PANIC mode and are buying massive quantities of gold to store. They have a fear the worlds currencies are melting. When they (the worlds central banks) buy gold they buy tons at a time. Now with investors who see the stock market taking hits like it is, great pools of money are pouring into metals. Central banks trying to buy up gold is pushing prices up rapidily. This is putting massive upward pressure on precious metal prices the world's proven historic money.. gold. No oppourtunity in history is better for buying silver or gold in this WORLDWIDE economic meltdown, (fiat dollars collapse) and will reward those who get in now with unheard of profits.

The panic reactions to print money is worldwide. The dilution of moneys value will be worldwide. Never before in history has the whole world been on a paper dollar currency and never before has so much money been created out of thin air and in such a short time frame.

That is why what we will witness is WORLDWIDE inflation. Got gold?

It appears you have a feel for history which I feel is being repeated but at a level never before seen in human history.

My fear is that the inflation we will see beginning late this year or early next will make the 12% unemployment and 17% interest rates of the Carter years seem like heaven on Earth. I was there and remember well little things like the misery index.

I feel you are likely familiar with this little book Fiat Money Inflation in France. It should be required reading by ever man woman and child.

What is that saying about lemmings and cliffs?

 

[footodors]

I went to the restaurant, On the Border, today- line out the door and almost around the side as well.
After leaving there, I noticed a Chuck E. Cheese with their parking lot completely full.

Someone needs to inform these people that there's a recession going on!

 

[goodkarmaco]

The thing is nobody knows who is next. That is why retail staff is being super nice. One big chain restuarant who closed a couple of their places in my town did not even give notice to staff. Cooks, waitresses came to work and at 2:00 pm management locked their doors and then told everyone " see ya".

I know what you mean but one more little panic and the game takes another new direction.

Harkster, I agree the book is brilliant. Bankers wish it was burned.

 

[cache]

some social unrest is in waiting.

 

[Domagon]

Even in a recession / depression some businesses will still do tons of business.

An example is The Philadelphia Premium Outlets (misnomer, since it's located some 35 miles away from the city in Limerick, PA) is still doing booming business ...

But as I wrote in a previous reply, it's important to examine the underlying fundlementals - if one only looks at the busy places, one may get the mistaken view that all is good when a little deeper looking will reveal that many businesses are gone, jobs disappearing, etc.

Instead of looking at what's busy, look at what's not ... where I live, I see many going out of business signs, numerous empty storefronts, and relatively few places hiring other than Wal-Mart and fast food / diners.

Social unrest / rebellion is a very real possibility. It only takes a fraction of a percent of people to incite rebellion combined with a few percent of very active followers.

The other 90% or whatever of the population will simply go on living their own lives oblivious to any rebellion; not actively taking sides one way or the other, but will go with the flow whatever that happens to be.

Personally, I doubt rebellion will occur, but wouldn't be surprised if it did in some areas, especially if "real" unemployment (U6) goes above 25% ... currently U6 is approaching 15%, so it could hit the Depression era level of 25% before too long.

For more info, see wikipedia link below:

http://en.wikipedia.org/wiki/Unemployment#United_States_Bureau_of_Labor_Statistics

Ron

 

[bmugford]

A lot of the richest families in the world built their wealth during the depression by buying assets for pennies on the dollar.

In tough times you need to be knowledgeable, creative, and resourceful to do well.

The boom times favor the less knowledgeable. It is hard not to make money when every stock and real estate value is going up. It is harder to make money when talent comes into play.

In the end people can say what they want about banks. There is no doubt they were greedy, but the people are responsible for this as well.

After years and years living above their means, reality has set in. You can not build an economy on cheap credit. Most countries in the world are worrying about where there next meal is coming from....Americans are worried about their fico scores, cookie cutter houses, country club memberships, etc (I am American).

In the end hopefully this changes the behavior of people, and leads to more responsible behavior.

Brad

Even in a recession / depression some businesses will still do tons of business.

An example is The Philadelphia Premium Outlets (misnomer, since it's located some 35 miles away from the city in Limerick, PA) is still doing booming business ...

But as I wrote in a previous reply, it's important to examine the underlying fundlementals - if one only looks at the busy places, one may get the mistaken view that all is good when a little deeper looking will reveal that many businesses are gone, jobs disappearing, etc.

Instead of looking at what's busy, look at what's not ... where I live, I see many going out of business signs, numerous empty storefronts, and relatively few places hiring other than Wal-Mart and fast food / diners.

Social unrest / rebellion is a very real possibility. It only takes a fraction of a percent of people to incite rebellion combined with a few percent of very active followers.

The other 90% or whatever of the population will simply go on living their own lives oblivious to any rebellion; not actively taking sides one way or the other, but will go with the flow whatever that happens to be.

Personally, I doubt rebellion will occur, but wouldn't be surprised if it did in some areas, especially if "real" unemployment (U6) goes above 25% ... currently U6 is approaching 15%, so it could hit the Depression era level of 25% before too long.

For more info, see wikipedia link below:

http://en.wikipedia.org/wiki/Unemployment#United_States_Bureau_of_Labor_Statistics

Ron

 

[onewordonly]

Domain trading takes a lot of research and knowledge. I think many people including myself have not done so well with domains in the last year so obvioulsy we have to look at other avenues like property, stocks etc. the problem is those have not been any better either besides property and that is if you live outside the USA.

 

[nascar59]

like the old saying goes don't put all your eggs in one basket and thank the good lord I paid attention to that advise I have a good portfolios of domains,but also I collect and sell everthing from old toys to antiques,I bought merchandise at a good time and selling on ebay,ebid etc also two parcels of land in new mexico I feel bad for the folks that did not listen

 

[holyroller]

The US$ as a currency is backed by debt. Most, if not all, currencies are.

At the moment the FED, BoE, EU, are trying to inflate us out of debt, by printing money and devaluing the currencies, the debt in real terms reduces.

unfortunately with unemployment increasing, salaries probably dropping, that means everyone is becoming poor except the financials. As ive said before, this is the biggest transfer of wealth in history.