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Automotive News & Views How does gas at $4 and higher impact you?
2183 messages, Last post on Nov 21, 2009 at 5:13 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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This $4 gas or $3.50 now is small potatoes compared to what's going on in the financial markets. Anyone dare open their 401K tomorrow? How about checking if the $50B FDIC fund is going to guarantee the deposits at the number of banks that may go down? $4 gas is going to be a lot more like $50 gas if you're bank goes under and you have to wait months for some cash from the FDIC. |
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Replying to: kernick (Sep 15, 2008 1:08 pm)
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Replying to: lemmer (Sep 15, 2008 1:14 pm)
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Replying to: kernick (Sep 15, 2008 1:08 pm) 
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Replying to: andre1969 (Sep 15, 2008 1:26 pm) |
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Replying to: lemmer (Sep 15, 2008 10:30 am) I would have thought the same thing, supply and demand, right? The trouble is, locally, I see some stations boosting gas 20 cents BEFORE Ike came ashore while other stations are at the same price ALL WEEK. Are we to believe that Ike only damaged the supply lines to certain stations? It makes the most trusting of us paranoid. I'm making a list of stations who pulled the "Ike Spike" and I will not be buying from them for a long time. BTW, wholesale gas finished DOWN 23 cents a gallon today. Supply must not be too badly effected.
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Replying to: tankbeans (Sep 15, 2008 1:15 pm) What can be done by the youth today? Invest 10% of your income in the stock market or real estate or both. You claim you can't afford to put away 10%? B.S. Learn to live a lower standard and quality of life, by living below your income, hence able to have investments for your retirement. Today, there are some great opportunities in the market. Study it and learn what to do. Make it a project that will pay off when you are old enough to retire. 
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Replying to: kernick (Sep 15, 2008 1:08 pm) I sold all my stocks last June when I saw that the bandits were making more on my account than I was. I'm now investing in coffee cans so I can bury what's left in the back yard. 
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Replying to: euphonium (Sep 15, 2008 2:03 pm) What are these great opportunities, or is it a secret?
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Replying to: euphonium (Sep 15, 2008 2:03 pm) Actually, now is a great time to invest...IF you have the money to put into the market and you won't need it for a few years. But it seems like the human brain conditions us to do just the opposite...pull money out when things drop, but throw more money in when things are flying so high that they're just waiting for a crash. Unfortunately, with the way the economy's turning, there are a lot of people who simply don't have the money to tie up...it's going to bills, interest, keeping a roof over their head, food in their stomachs, etc. I think that truly is one reason that the rich get richer...in times of economic downturn such as this, they can keep investing more into the market, in a sense buying stock when it's "on sale". Meanwhile, much of the masses have to liquidate their stocks and other holdings, often at a loss, just to keep their heads above water. Then, when the economy turns around, the people who invested in the downturn make out like bandits, but those who had to pull money out are now on the sidelines. |
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