Are you for it or against it? I would love to hear what people’s thoughts about this topic. I attached a funny photo about the issue. Check it below.
American Cars Bailout
You might ask … what a funny title. But that’s the truth. Due to the downturn in the US economy right now, the I’m actually losing money by putting money in my 401K account. Although I have a diversified portfolio of stocks, bonds, mid cap, large cap stocks, fortune 500, and international stocks, I am still losing money. Had I kept the money to myself, I would have been better off. Off course, you say that it will get better but its just really annoying to see your money getting wasted like that.
The value of the US dollar is horrible compared to most foreign currencies and on top of that, real state prices are not going down that much in the bay area. You would expect with all these economic problems, the house prices would go down significantly. That is not the case in San Francisco at least. Especially in the newly developed high rises, a 1 bedroom apartment sells for a minimum of $600,000. A nice spacious 3 bedrooms apartment costs you around $1.4 million. And that’s if its on a low floor. Add a couple of hundred thousands as you go higher in the building because of the “better views”.
The Dow fell 192.08, or 1.42 percent, to 13,359.61. The Standard & Poor’s 500 index declined 21.39, or 1.43 percent, to 1,476.27, and the Nasdaq composite index fell 47.62, or 1.75 percent, to 2,676.79. Another sign that the US stock market is not in good shape right now. I was going to buy Apple stocks …. something I should have done at $90/share … but now I am holding back. Now here is the thing … I will wait out until the first week of January and buy then. A stock tip for anyone reading, Apple’s stock always goes up after Mac World … ALWAYS