401K's, the economy and Nan

by Nan Woodward

So are you one of the folks like me that has a 401K? I pulled out of the market before the actual sinking. I'm in a better position than many. But, I realized a while ago that 401K's aren't the answer to retirement.

I'm building multiple streams of income. Are you??? If you aren't, why not?

I am a Real Estate Investor who dabbled around. I'm now seriously working this biz. I have excellent connections for buying investment property in several states. I'm currently building a list of investors and jv partners for all types of real estate ventures.

What are you doing to help yourself? Real Estate is a good way to diverse your business. there are good buys in Real Estate both residential and commercial today. With good credit, you can finance property.

so what are you waiting for? Hasn't the roof fallen in on your 401K and pension? For more information on real estate investing and/or properties available contact me with Real Estate in the subject line.

Nan Woodward
nanwood@yahoo.com

Real Estate today

So where are we now?

Thats a complicated question actually. I believe home prices will continue falling just not as quickly. I think sales will start to increase but the major boom of customers won't be here in 2009.

At this moment, we have inventory excesses of existing and new homes while a bad economy and credit crunch are simulataneously happening. So you should expect prices to fall.

Do I think prices will eventually increase, of course. Just at a more reasonable pace.

This is Nan Woodward's comments for today.

Are we headed for a Recession?

by Nancy Woodward

Consumer spending accounts for two thirds of the economic activity in the nation. Last year, payrolls grew by 189,000 a month. this year the number is closer to 125,000.

Spending power is definitely eroding. This is caused in part by rising energy costs. Since tigher lending practices now pervail, homeowners will be less able to drain the equity in their home and increase their spending power.

You should consider your entire financial position prior to seeking additional funding. Should inflation continue to rise, it is possible we will see a recession.

As usual, I recommend you do your due dilligence prior to making significant changes to your financial situation.