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Putting off major purchase/election related

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Putting off major purchase/election related

Old 04-17-2012, 09:01 AM
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Default Putting off major purchase/election related

Not a political thread!

Does anyone here put off major purchases during an election year? I have some money sitting around that I would normally invest in something or another, but find myself holding back until after the election.

Please don't get this thrown into the bilge, just reply on it your extra cautious during election years or you think I should live life without worry.

Thanks!
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Old 04-17-2012, 09:10 AM
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It does make for an interesting scenario. I did make a play a while back based on what I thought was going to happen in the months before an election and it paid off. I don't see that same type opportunity in this election cycle.

I don't make too much of it either way. The sun still comes up and water still runs downhill regardless.
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Old 04-17-2012, 09:15 AM
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I'm looking to buy a toy, a 25K toy and think it may be better to wait until after to see how stable things are. The toy is a collector car that will not hold value if things go south.
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Old 04-17-2012, 09:19 AM
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I could see waiting on a house purchase or investment opportunity but what does it matter for a classic car? I have a classic car and I do not track it's value throughout the economy. That would take away from the fun of it anyways.
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Old 04-17-2012, 09:28 AM
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I run a 35+ year old franchise system that spans a good chunk of the country. It's custom framing driven which of course is a higher end discretionary purchase. In our long history sales always have been off pace in election years. This year is a bit different due to most markets bouncing back after these recent economic issues but I still bet we see even more bouncback next year/after the election.
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Old 04-17-2012, 09:31 AM
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If I had to predict, I would have to say that whatever the outcome of the election is, next year is going to be big, meaning higher, economically.
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Old 04-17-2012, 10:02 AM
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Originally Posted by miike View Post
I could see waiting on a house purchase or investment opportunity but what does it matter for a classic car? I have a classic car and I do not track it's value throughout the economy. That would take away from the fun of it anyways.
Agreed. Unless the OP cannot "really" afford it and is hedging on the economy getting better to justify the purchase from an eventual resale value POV.
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Old 04-17-2012, 11:07 AM
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I am buying certain items that could go up in price or become more sparse depending on how the election goes.
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Old 04-17-2012, 12:17 PM
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The cash is there to play or invest with. If I buy the car it could easily be a cash purchase. My worry is that if the crap flys the "car" won't be worth much if I ever needed the money.

There is still more cash avail. for fallback issues but I'm usually very conservative with my money.
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Old 04-17-2012, 01:05 PM
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Originally Posted by Shag View Post
I am buying certain items that could go up in price or become more sparse depending on how the election goes.

I'm stocking up on guns-n-ammo too . . .
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Old 04-17-2012, 01:11 PM
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Originally Posted by Billable Hours View Post
I'm stocking up on guns-n-ammo too . . .
bingo!
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Old 04-17-2012, 04:02 PM
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Originally Posted by Billable Hours View Post
I'm stocking up on guns-n-ammo too . . .
Why?
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Old 04-17-2012, 04:06 PM
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Originally Posted by t3rockhall View Post
Why?
Because, based on past history, they can go up in price and down in availability. If you like widgets and knew they would probably go up in price and down in availability, wouldn't you be buying some extra widgets?
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Old 04-17-2012, 04:08 PM
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Originally Posted by t3rockhall View Post
Why?
Because it's the Boy Scout's motto.

Be prepared.
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Old 04-17-2012, 04:35 PM
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History would tell you it doesn't make a bit of difference. And what difference it does make takes years to unfold.

Just think if you sold off your stocks after the election in 2008, or even when they bottomed a few months later, all in a dither like these guys:

http://cnbcdoom.blogspot.com/2008/11...-sell-off.html

The Dow is up about 5000 points, over 50% since then.
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Old 04-17-2012, 04:52 PM
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Originally Posted by caltexflanc View Post
History would tell you it doesn't make a bit of difference. And what difference it does make takes years to unfold.

Just think if you sold off your stocks after the election in 2008, or even when they bottomed a few months later, all in a dither like these guys:

http://cnbcdoom.blogspot.com/2008/11...-sell-off.html

The Dow is up about 5000 points, over 50% since then.
Guns and ammo are up about that much too. What's your point? Plus you can't kill a Zombie with a stock certificate.
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Old 04-17-2012, 05:15 PM
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Originally Posted by 08087 View Post

My worry is that if the crap flys the "car" won't be worth much if I ever needed the money.

There's your answer, right there -- don't buy the car. I think it is ok to hunker down, hold onto all cash for a couple more years and see how things play out before going toy crazy. My gut feeling is you will be glad you didn't buy the car.
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Old 04-17-2012, 05:31 PM
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Originally Posted by caltexflanc View Post
History would tell you it doesn't make a bit of difference. And what difference it does make takes years to unfold.

Just think if you sold off your stocks after the election in 2008, or even when they bottomed a few months later, all in a dither like these guys:

http://cnbcdoom.blogspot.com/2008/11...-sell-off.html

The Dow is up about 5000 points, over 50% since then.
History has never seen the socialist movement so close to their goal. This IS different.
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Old 04-17-2012, 06:19 PM
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Btw, what kind of car?
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Old 04-17-2012, 06:32 PM
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I've just learned that my company's backlog has at least doubled. I've got a 7% raise before an across the board raise making the total around 12-15% here shortly. Its up to you. Friday with my little bit extra I'm going to get some 'widgets' for the boat, life is too short to worry about all that crap. I do know where my vote is headed though.

Talking to an in law the other day he knows of investors with pools of billions doing the same thing.
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