Stocks & Mutual Funds Information

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My Neighbor Got A New Car


I don't know what kind it is, but I saw iton TV running full speed along the shore (I don'tlive near the shore) throwing up spray or maybeit was that one climbing up the steep mountaintrail thru the mud, rocks and snow. Veryexciting. (I don't live near the mountainseither.) WOW! Just what I need.

But there are a few obstacles.

It costs about $28,000. (That's close to theaverage annual wage.) I have perfect credit andthey'll give it to me for no money down. All Ihave to do is make the monthly payments for thenext 5 years of only $541. Maybe it won't bethat much because I'll be trading in my car andI have it almost paid for it.

I can see me now headed for the beach orclimbing that mountain in that shiny new car.

I tell my wife.

She says, "So".

I say, "Waddayamean 'so'?"

She elaborates that our car is almost paid forand hasn't a scratch on it. It looks like newwhen it is washed and waxed and runs great. Shewhacks me with if I want a different car we canhave this one repainted and put on new slipcovers. The transmission and AC have both beenreplaced and it has less than 100,000 miles onit. She remembers the engine is rated for200,000 miles and the tires are good for another50,000 miles. How does she recall thosestatistics? I can't win for losing with thiswoman.

There is a tone in her voice that I knowmeans finality when she iterates, "You might wanta new car, but we don't need one". My reply is thecar might break down and may cost thousands tofix". Her lightning reply, "Well, it won't cost$28,000 and our insurance bill won't go upeither. If you want payments you can make anextra mortgage payment each month. Better yetlet's knock down that credit card debt."

I hear the air hissing out of my balloon. No beach. No mountains. Forget all that practicalstuff like saving for retirement or having someextra cash put away for emergencies. Damn.

BUT - my neighbor has a new car.

Al Thomas' best selling book, "If It Doesn't GoUp, Don't Buy It!" has helped thousands ofpeople make money and keep their profits withhis simple 2-step method. Read the first chapterand receive his market letter athttp://www.mutualfundmagic.com and discover why he'sthe man that Wall Street does not want you toknow. Copyright 2005

 

MORE RESOURCES:

Law School to Provide Tax Help
Inside INdiana Business (press release), IN - Jan 5, 2009
Taxpayers with annual income of $42000 or less are eligible for the help if they have not received income from the sale of stocks, mutual funds or homes or ...


$72 billion was pulled from market in October
The Tennessean, TN - Dec 24, 2008
By ES Browning • THE WALL STREET JOURNAL • December 24, 2008 One of the hallmarks of the long market downturns in the 1930s and the 1970s has returned: ...


Valparaiso University law school to provide tax help
nwitimes.com, IN - Jan 5, 2009
Taxpayers with annual income of $42000 or less are eligible for the help if they have not received income from the sale of stocks, mutual funds or homes or ...


New Money features for you
USA Today - Dec 15, 2008
They include: •Year-to-date returns for stocks, mutual funds and exchange-traded funds (ETFs). These can be found by entering the name or ticker symbol in ...


Like other stocks, mutual funds show heavy losses during 2008
LubbockOnline.com, TX - Dec 27, 2008
By Tim Paradis | AP NEW YORK - There was one safe bet that mutual fund investors could make in 2008 - that the stock market was a place to lose a lot of ...


High school investments team wins game
Greenwich Post, CT - Jan 4, 2009
The Greenwich High School investment course is more akin to a college-level course covering stocks, mutual funds, bonds and other securities. ...


Be wary of US treasury bonds in 2009
Stockhouse, Canada - Jan 5, 2009
They pulled money out of stocks, mutual funds, money market accounts, even bank savings accounts and CD’s, and poured it into US T-bills and bonds at a ...


Value? Growth? Both!
Motley Fool - Jan 2, 2009
The distinction between value and growth stocks is such a bedrock assumption that Morningstar routinely classifies stocks, mutual funds, and ETFs as one or ...


City pension funds may cost taxpayers
Allentown Morning Call, PA - Jan 4, 2009
... the crumbling economy has pummeled Allentown's pension funds, which rely on stocks, mutual funds, real estate and other investment tools for growth. ...


A better bailout alternative
American Thinker, WA - Dec 18, 2008
Any type of funds may be used: CDs, bonds, stocks, mutual funds, cash, money market funds. - IRA owners can contribute any percentage of their qualified ...

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