Money Matters

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Some experts are saying the economy is showing small signs of recovery, or that at least we've hit bottom and we're looking up.
If you feel secure enough to spend a little money here are five things the experts say you should buy before the economy improves.
First. Big ticket items such as a house or a car. Why? Price and loan rates.
Fourth quater 2008 home prices were down 25% from the fourth quarter of 2006. And congress has passed an eight-thousand dollar credit for first time home buyers.
Also loan rates have dipped below five% for a 30-year fixed rate mortage.
As for cars, auto demand is down by 33% since October. Expect low loan interst rates and big rebates. Even used car prices are down 10%.
Second, a vacation. Now's the time to take one. Vegas hotel prices are down 34% from a year ago. Carribean cruise prices down 8%. Air fares lower. There are deals galore.
Third. High dividend stocks. The S&P 500 is down 40% from a year ago and could fall further.
Sure it takes guts. But waiting too long may be costly. Remember, buy low, sell high.
Fourth. A laptop. Laptop prices have dropped thanks to the interest in netbooks. PC prices fell 13% in February ... compared to a year earlier.
Fifth. A television. Every year TV's are cheaper. But now that flat panel t-v is really affordable. The february price index for televisions was down 9% from a year ago.
So there you have it. If you have it. Cash that is. Now might be the time to buy. And you'll be helping the economy recover at the same time.


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