What are you buying in 2010?

cubiczirconia

New member
Many are holding cash, ready to invest when the time is right. I don't know if it's time yet to invest, but still, all of us have some interim/midterm investment plans for 2010. What will yours be?
 
Who else is getting a little fearful of the DOW out there? I sold about 1/3 of my equities holdings... just about to sell another 3rd or all of it this week...
 
[quote author="roundcorners"]Who else is getting a little fearful of the DOW out there? I sold about 1/3 of my equities holdings... just about to sell another 3rd or all of it this week...[/quote]

Cashed in on a lot of things a few minutes ago. 50% of my trading portfolio is in cash, and I am not looking into buying anything. The rally is getting a little scary at this point.

But I am not touching any longs accounts. They have survived March, they can probably ride this one too. Geithner gave some hints in his speech that all is not well.
 
^ That's nice! The problem with the economy right now is, we don't know which part of the curve we are in.. it might be lower than this, it might just drag on forever or we might see a small jump in the near future. In short, everyone is being very vague about their predictions.
 
I'm not buying an kind of property until my income becomes less volatile. 2010 will be the year that I pick which direction I will go in...get back into the corporate world, start my own CPA consulting firm, or become a full-time realtor.
 
[quote author="USCTrojanCPA"]
[quote author="irvinehomeowner"]If prices get low enough... I'm buying a house.[/quote]
What's low enough?[/quote]
When the loan is under $729k and the house has a 3-car garage.

20% down puts the price the $900k range but I don't want to spend that much nor do I want to put 20% down (gasp!). But that seems to be the upper end of it.

A newer home in Irvine with a 3-car garage for less than $750k would be nice... but probably close to impossible. I've seen some older ones in the Ranch... but the wife doesn't like that area (personally it seems okay to me, older but it has decent sized lots, many cul-de-sacs, and 3-car WIDE garages).
 
[quote author="USCTrojanCPA"]I'm not buying an kind of property until my income becomes less volatile. 2010 will be the year that I pick which direction I will go in...get back into the corporate world, start my own CPA consulting firm, or become a full-time realtor.[/quote]

You made your decision last year.

The corporate world is dead. If you aren't already in line for a top spot, don't bother. There is no job securiy in Corp America. There will not be solid pay in the Corp world. High unemployment, transitional employment and temporary contract labor at supply glut pricing is the norm for the near to long term future.
 
[quote author="nosuchreality"]
[quote author="USCTrojanCPA"]I'm not buying an kind of property until my income becomes less volatile. 2010 will be the year that I pick which direction I will go in...get back into the corporate world, start my own CPA consulting firm, or become a full-time realtor.[/quote]

You made your decision last year.

The corporate world is dead. If you aren't already in line for a top spot, don't bother. There is no job securiy in Corp America. There will not be solid pay in the Corp world. High unemployment, transitional employment and temporary contract labor at supply glut pricing is the norm for the near to long term future.

[/quote]
The Corporate world isn't as dead as you think for people that are highly educated and have good experience. Things have picked up since 6-12 months ago from what I've heard and seen. I already had one interview earlier in December and will have another one in a week or two. There is a handful of consulting projects in the pipeline coming up in early 2010 and contractor demand is also picking up. I'm just fortunate that I will have as many options as I do in 2010.
 
[quote author="USCTrojanCPA"]
The Corporate world isn't as dead as you think for people that are highly educated and have good experience. Things have picked up since 6-12 months ago from what I've heard and seen. I already had one interview earlier in December and will have another one in a week or two. There is a handful of consulting projects in the pipeline coming up in early 2010 and contractor demand is also picking up. I'm just fortunate that I will have as many options as I do in 2010.[/quote]

That's good news.

However, I do not mean dead in the sense of no jobs. I mean dead as in no future. You can be highly educated and have good experience, but you are still a replaceable cog in Corp America.

What you are experiencing is the frictional unemployment of highly skilled employees. As your skills grow, that'll get worse. Generalists aren't hired in most firms, specialists are. Specialists are pushed to greater specialization not more specializations. When the vogue shifts, you're just a cog.

So if you're going Corp, just remember, you're going for cash. Not happiness. Not fulfillment. Not quality of life. Not a future. Cold hard Cash. And fast. And as much as you can get. The reason is simple, because that's what the corporate leaders are going for. Hit it, take the money and run. The rest is opiate for the masses.
 
We are really looking to buy a house. I don't know if it could come at a better time or not, but the prices seem to get lower and lower. Not so much in Irvine, but maybe in and around the area.

I think if we wait longer, our money will go all into our rent and it should go into a home.
 
[quote author="spinderella"]We are really looking to buy a house. I don't know if it could come at a better time or not, but the prices seem to get lower and lower. Not so much in Irvine, but maybe in and around the area.

I think if we wait longer, our money will go all into our rent and it should go into a home.[/quote]
Not sure which cities you have your eye on, but several of my buyers seem to be happy with the sub-$300/sf price tags in Laguna Hills, Laguna Niguel, Anaheim Hills, Yorba Linda, Aliso Viejo, Fullerton, and Serrano Heights (Orange). Plus most of these cities have good schools as well.
 
Gold covered(?) firearms are apparently one of the best investments of the year. Can't remember where I read it, but saw it on a list.
 
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