Thursday, May 29, 2008
Feed the house or the horse?
This is my daughter's horse, Artesima. Feed, stable, grooming, transport, showing, freakin shoes and gear. For everything else; there's Mastercard. Now, as fuel and food and transportation and materials and staple increase in cost exponentially, where will we be cutting back. The first horse shoe has only just dropped. America's economic engine (liquidity) is coming to a screeching halt. Fuel will cause the actual "mobility" to halt. "You've got chocolate in my peanut butter. You've got peanut butter on my chocolate.".... that was always a good thing. When both financial and physical markets collide, we're in some trouble. My friends: It is time to take a defensive position. We've ridden it hard and put her away wet. Time to clean up after the party and cowboy-up. Fix your adjustable loans now. Some CFPs recommend a 40% cash position for the portfolio. Not a bad ideas if you are looking at investment properties that are at bottom and cash-flow. I've been down the investment property path, multi units, fixers and flippers. Time to really think strategically. Let's talk. No sales, no obligation: Let's find the solution so that we put the horse before the cart!. Pat Townsley. Super Genius meets Idiot Savant. 415-485-1776. Broker, honest guy. http://www.ptre.net/
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