So.... where's the best place to put your money now?

POSTED BY: 6ixStringJack
UPDATED: Wednesday, March 19, 2008 21:49
VIEWED: 7357
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LEADB

Sunday, March 2, 2008 2:32 PM

Quote:
Originally posted by JaynezTown:
I hope the next president tries to get us Oil price by going to Hydro energy, Nuclear whatever

Agreed. I do not believe the economic issues we face will not resolve in total until energy concerns are settled.

DEADLOCKVICTIM

Tuesday, March 18, 2008 6:47 PM

If you watch Jim Cramer of CNBC's Mad Money - everything is coming up roses for Bear Stearns .... whoops...

and now this...

Paulson defends U.S. rescue of Bear Stearns

Quote:
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson on Monday defended government moves to rescue Bear Stearns Cos Inc (BSC.N) from bankruptcy, saying it was important to ensure the orderly function of financial markets.

.....To facilitate the deal, the U.S. Federal Reserve committed to fund up to $30 billion of Bear Stearns' less liquid assets. The problems faced by the New York investment firm underscored a loss of investor confidence in the health of the U.S. financial system.

http://news.yahoo.com/s/nm/20080317/bs_nm/usa_economy_paulson_dc;_ylt=
An1fF39b9iXozI8SO_wp2DKwJ8MA???

so, isn't this another government bailout using American taxpayers money...??

Quote:
What Bear Stearns' Meltdown Means To You

Think the Bear Stearns meltdown isn't affecting you? You might want to check your investments before you answer.

Large mutual funds commonly found in 401(k) plans have invested hundreds of millions in the battered bank, which is being purchased by JPMorgan Chase for $2 a share -- a fraction of its price last week.

As Bear Stearns stock plunged and the financial market shuddered, these funds also saw declines.

http://www.huffingtonpost.com/2008/03/17/what-bear-stearns-meltdo_n_92
005.html

well, there goes our house in the Hamptons, Buffy...

RUE

Tuesday, March 18, 2008 7:05 PM

I still think US real estate. Prices and interest rates are low and getting lower, and it's a commodity that's not priced internationally - ie - your dollars, if you have them, are still worth something.

BTW that 30bln has 9bln earmarked for defending against investor lawsuits. But the brokers and dealers should be held accountable even if the business is bailed out - they should be barred from any further trading or executive or board positions - for life.
***************************************************************
"Global warming - it's not just a fact, it's a choice."

DEADLOCKVICTIM

Tuesday, March 18, 2008 7:29 PM

Real estate... they're not making any more land, that's for sure....ok, except maybe Dubai...

Years ago I inherited land in what has become a rather large natural gas field... The land has been in the family for many years and only recently has the oil and gas exploration companies become interested. There are quite a few good old dirt farmers around here with shiny new trucks and the latest Tony Lama's... (boots that is)..

A week doesn't go by that I don't get some ridiculous offer to buy my mineral rights. Believe it or not, many people sell their rights for a fraction of their eventual worth. This has become a growth industry in this area.

edit: Bottom line.. if you buy land - be sure to get the mineral rights

CANTTAKESKY

Wednesday, March 19, 2008 9:01 PM

I just read this yesterday:

Quote:

http://news.yahoo.com/s/nm/20080318/od_nm/dollar_dc;_ylt=AuL3DJcT9r9T8
sJt5DUqy6wSH9EA

AMSTERDAM (Reuters) - The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

"Our dollar is worth maybe zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. "It's hard to find a place to exchange. We have to go downtown, to the central station or post office."

That's because the smaller currency exchanges -- despite buy/sell spreads that make it easier for them to make money by exchanging small amounts of currency -- don't want to be caught holding dollars that could be worth less by the time they can sell them.

The dollar hovered near record lows on Monday, with one euro worth around $1.58 versus $1.47 a month ago.

I'm looking at land--anywhere. Land without mineral rights is not worth owning, is it? Cause what happens to you if someone decides to exercise his rights to mine whatever underneath your house? I'm doing my research now, hoping prices will fall a little more.

--------------------------
Our imagination is stretched to the utmost, not, as in fiction, to imagine things which are not really there, but just to comprehend those things which are there.
--Richard Feynman, The Character of Physical Law (1965)

DEADLOCKVICTIM

Wednesday, March 19, 2008 9:42 PM

I don't think anyone can actually displace you from your residence - it is yours afterall, but if there were a well drilled on your property and you did not have the mineral rights, all you get is a lot of noise and a hole in the ground....

I know this does not sound right, but it's happening right now in and around the Dallas area. Natural gas wells are going up in residential areas. The homeowners themselves, who may only own the lot their home is on, have practically no voice in what happens in their own neighborhood.

While it is true that you may be able to keep the oil and gas exploration people off of land that you own - there is a little thing called Eminent Domain, where as the government, if it sees fit, can condemn property for whatever reason it deems beneficial, or in most cases, profitable.

KIRKULES

Wednesday, March 19, 2008 9:49 PM

I agree on the mineral rights thing. It can be difficult in some areas to find land that still has the mineral rights. Coal and oil companies went around a hundred years ago in some areas and bought up all the mineral rights.

A friend of mine has acquired a lot of acreage over the years by buying land and selling limited mineral rights. The coal companies come in and strip mine for coal and give him cash and adjacent land(previously mined) as payment. Contrary to popular belief the strip mined land is better for wildlife after mining then it was before mining. The coal is located in veins, so they seldom disturb more than a narrow strip through the property. When they reclaim the land they leave nice lakes that attract wildlife of all kinds, and put in topsoil that is superior to the existing soil. Land that was fairly barren before mining now has abundant wildlife. There are many areas in the country where mining would destroy the natural beauty of the land but in some areas it's a distinct improvement.

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