Economy Getting Worse? Are You Ready to Take Advantage of the Opportunity Ahead?

Greetings from Cedar Crest, NM

The thing I love about snowboarding/skiing is the long ride up to the top on a ski lift. Especially when you like the person next to you. Which usually I do…usually it is one of my sons. This long ride is such a great opportunity for me to spend a good 15 – 25 minutes talking to one of my sons. One on one with no escape. On my last ski lift ride with my son, Dakota, I started to share my heart to him. I told him how thankful I was to be on the lift with him because it gave us “one on one” time. I went on and on hoping to build up to a “good feel” mutual sharing of feelings for each other. As I stared into my 7 year old’s big brown eyes, I approached the end of my long winded speech. Dakota continued to stare at me for a few seconds after I finished, then he asked me “Daddy…..how do you make a noise by sticking your hand in your arm pit and flapping your arm.” I broke out laughing so hard realizing he did not hear a word I said. What did I expect? But what a great memory for me. I am sure I will tell this story over and over to any one and everyone who will listen.

Anyway…..

I have been browsing all the financial news for the last few days and I have yet to see good economic news of any kind. Just to name a few headlines: Job losses: Worst in 5 years; Foreclosures: Hit record high; Fed to lend banks more cash. I think the following quote sums us the news of late (you can click on the quote to get you to the article):

“Based on today’s Employment Report, if we are not in a recession, it is a darned good imitation of one,” said Kevin Giddis, managing director of fixed income at Morgan Keegan. “We are in an unprecedented real estate and credit crisis that is whipping its way through the U.S. economy like a Midwestern tornado.”

I have a question for you? As things are moving in a downward trend, how are your responding? Are you blaming someone? Maybe you are excited about the opportunities coming? Maybe, you are worried about your job? Or your business?

There are some key strategies I and others have learned these past years that we will share with you over the next few weeks. These strategies may help you see clearly on how an investor/entrepreneur can take advantage of the the current and coming market. We will talk about residential short sales, commercial real estate, stock trading, and other strategies. We will also talk about how the market is impacting lending and overseas investing. I have invited experts to write on their perspective of the current and coming market regarding their specific expertise.

Interesting links:

1) Commercial Property Sales Slow to a Crawl

2) Ranks of Apartment Dwellers Increases Dramatically (This is good news for apartment housing investors!)

3) NREI: Retail Buying Opportunities Ahead (Absolutely!!!!)

Please subscribe to my blog in the upper left corner…..Until next time……rob

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