Pretty good post. I just stumbled upon your blog and wanted to say
that I have really liked reading your posts. Anyway
I’ll be subscribing to your feed and I hope you post again soon!

Cut down on all unnessary expenditures. East in and not out. Make your coffee at home etc. Shop food sales only and make large quantieis of soups, etc. and freeze them to have ready made healthy instant meals. Wear the clothes you have.

Keep what money you have in safe accounts, and simply try to save more.

This hopefully will keep you from losing anymore, but as far as actually capitalizing I am not sure, since even getting a job is almost impossible. If you do have a job, do it well, appreciate it, and stick with it for the next few years until things “hopefully” start to get better for us all.

If you are able bodied and can do it, you might try to get a part-time extra job if you can find one and save that paycheck to get ahead.

Good luck!

Loved your latest post, by the way.

goats. goats are the wave of the future. i have said this for many years. meat goat production has risen greatly in the past few years. research boer goats. you have goats milk… goats meat.. goats cheese.. the list go on and on. i suggest you research this with a open mind.

Hey, have you seen this news article?
New details about Michael Jackson’s Death Emerge
I was wondering if you were going to blog about this…

Buy real estate with a fixed interest rate. Lower interest rate as well as lower prices. And the interest rate wouldn’t change.

There are two major ways to make money in a Bear Market.

Short term:
A. Short selling, put buying on major indexes and weaker, overpriced companies. If you have never done this or not an experienced trader, I would prob then just be in cash, CD’s and US Treasuries. This has been my net overall strategy for the last 2 years.

Longer term (10-20+ years)
B. Dollar Cost Averaging on a bi-monthly basis in the S&P 500 Index.

I would look at:

1. Maxing a 401(k) matching plan you may have.
2. Eliminate debt. (fixed rate mortgage, car payment ok to keep)
3. Opening a ROTH IRA and maxing that out each year.
4. See “B” above.

Depending on your financial picture, and business savvy, buying distressed property can be an opportunity. If this is not in the cards for you, then I would prob do the above.

Become a slumlord.
People are more desperate than ever and many will take any kind of housing they can get. The most prosperous slumlords are the ones who likely prey even more on that weakness.. taking advantage of those who don’t speak the local language, have no legal backing, aren’t too bright and/or don’t know how to handle money.
My last apartment complex (which was upscale) tried to extort a tidy sum off me by saying my carpets were dirty, but then I threatened them with court and they backed down, not to mention that I give details on apartment rating sites and badmouth wherever possible.. but there’s bound to be some sucka for them though.