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First recorded activity by BoatBanter: Jun 2008
Posts: 195
Default End of the line?


"Eisboch" wrote in message
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"D.Duck" wrote in message
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"Eisboch" wrote in message
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All this occurred in 1983 or thereabouts.

Eisboch




Does this mean you'll be giving up the limo and sound equipment rental
business? 8)


The secret to success is diversification, my man, diversification.

Eisboch


Agreed, diversify is key. But in this market I would slant it a bit
sticking with things people require near and long term. Cars for example,
optional luxury going forward for many or one car instead of two or maybe
keep old the old beast on the road longer. If I did invest in anything with
a discretionary product, strictly a short term play. Longer term, I like
commodities and liquid cash (not loaned out). I would do food but too much
is either union or not available to small investors (private equity).

Even if this bear market ended tomorrow, luxury items will be slow to come
back because of the wealth hit.

Limo and sound equipment, I would just right-click-sell and eat the loss.




 
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