Update

Time for an update

Stocks: Market trading sideways, actually I am down to $28,000 as I started the year with $18,000 I have no complaints, but that is down from my High. I look for a rebound come the end of summer.

August 1st. Update: 

I have no patience and it cost me money. Today I am in cash my original $18,000 stock play fund sits at $32,000. If I had just held on to Ford and Boarders books I would be $15,000 richer. But I was playing and I did what most investors do, I panicked on the price downs turns and sold to soon, on the up ticks. I should have used stop losses orders to protect the profits and continued riding the up ticks.

 Real Estate: I am still looking for a mobile how lot type deal. I did fine a farmstead of 20 acres for $169,000 but I have not figured out how to make it a paying deal. So I am still looking.

On line Sales: Our on line sales have been down 33% the last two months. We are getting squeezed by credit card companies cutting peoples available credit and raising their interest rates. As well as from people being more carious in their spending with a reluctance to add to credit card debt.

Over all we remain optimistic, with a up tick in everything this fall and a great 2010 year ahead. It is great time to be a real estate investor with big returns from real estate purchased now, just make sure it cash flows. Stocks are cheap if you stick with great companies with proven track records. Look for companies with a P/E of 10 or lower, historically profitable, a record of paying dividends, a low debt level, and a sales growth record over the past five years and if a current sales growth even better.