The Best Time to Buy

While "timing the market" is highly frowned upon and all financial analysts tell us over and over and over that we can't do it right, and we'll only lose more money by trying to do it, blah blah blah...but I did it! Not in the stock market, (I just invest, diversify, and leave it alone) - but in car shopping.

The automobile industry was really hurting over the summer in the large truck/suv area, because gas prices were so high and everyone freaked out and tried to sell their big suv, and nobody wanted to buy one. Well, I decided that since I knew that oil prices would have to come down eventually, I wanted to buy a truck when the truck prices were low - and then sit around and wait for gas prices to come down...which they did, as they always do. (We have a winner!)

With the economic turndown lately, you may not have too much extra cash to go buying things, - unfortunately, there's the irony. The best time to buy is usually when you don't have the money. But retailers are really hurting right now, so the discounts are deep. Walk through your nearest mall and just notice how many "50% off" signs you see.