San Diego Housing Bubble News and Analysis

6. Gamble it.

I'm deciding between red 7, Chargers over Patriots, or 150,000 penny slot entries...

#3

But that could just because I have a wedding to pay for soon. Probably 3 regardless. 10% chance I'd pick a new stock to invest it in. I like having a few thousand in a pet stock.

I would say invest it but with the market the way it's been, my idea of an investment might be blackjack or poker or craps!

put it in a Roth IRA, so that I'm protected when they finally get around to hiking taxes to get the money back from us.

woohoo $1500.
I think my portfolio dropped by 4x that amount today.

I'll probably just buy a new LCD TV. That's the patriotic thing to do.

Speaking of gambling, it might not be such a bad idea to invest in casinos. Those Vegas casinos are expanding like crazy and have gone into Macao. IMO the Chinese are gambling CRAZY. I was blown away on my visit to Macao. You think your senses are bombarded on the Las Vegas Strip? Try walking into a mahjong parlor in Macao. Total sensory overload.

Speaking of gambling, it might not be such a bad idea to invest in casinos. Those Vegas casinos are expanding like crazy

Cramer on Mad Money discussed this topic today. He felt that Las Vegas has/is overbuilt its casinos by 40% and that people are not spending enough at this time to sustain the casinos. He said it is a bad bet. Watch it tonight at 8pm. I am interested to hear your point of view.

Hi NavyNurse,

My comments re. investing are purely speculative and only based on my own tendencies to lay down some cash in a casino once or twice a year while enjoying "free" JD.

IMO Cramer is a bit of a tool but people listen to him and invest based on his ramblings thus the stock can be influenced by what he says. Kind of like a self-fulfilling prophecy.

I'm not investing in anything right now, just enjoying the blog and spouting whimsical thoughts while I wait for my code to compile/simulate.

You could always use the money to buy stock in the retailers.

I'd buy a nice bottle of 25 year old single malt. Then I would get plowed and head down to the nearest gentleman's club to spend the rest on lap dances. About then my wife would nudge me awake and I'd realize that she had already spent it buying xmas gifts

Oh Bother....

Buy 100 ounces of junk silver. 90% coin, that is.

I hope the government doesn't give away money. That is the worst idea ever!

Roth IRA -> put options -> nuff said.
Josh

One thing I thought of today: When we call it stimulus, everyone jumps on board.

What about if we re-frame it this way:

We are having economic problems. My proposal is that the government borrow money from the Chinese in order to buy everyone in America their choice of an LCD TV, 1 month's free mortgage, a Coach handbag + a pair of Choos, or a carribean vacation.

Effectively, it's the same thing, but people are blinded by the fact that the benefit is direct while the cost seemingly is borne by no one.

One day, the tab comes due.

Stan

I'd spend it. Clothes, makeup, dooney & bourke handbags, buy the boys a couple of outfits (although they have PLENTY). I have no shame, I haven't splurged in awhile so...

Nice, that would pay my mortgage for a month! I would probably actually buy a couple of cases of wine.

Short the stock market with it.

eccen in esc
buy groceries and gas

1. Use just over half of it to buy an ounce of gold.
2. Use 1/4 of it to buy a shotgun, ammo, some provisions, and a dog
3. Use the last 1/4 to buy into an S&P index fund

All bases covered.

Totally agree stan - a political stunt to pull the wool over most American's eyes while the value of that $1000 lessens, we spend tomorrow's money.

"a political stunt to pull the wool over most American's eyes while the value of that $1000 lessens, we spend tomorrow's money"

Give the junkies one more fix before they go into detox...

Stansd:

You didn't complete the circuit: Borrow from China and give it as 'Stimulus" to taxpayers so that they will buy stuff from China and send the money back to China. Then our future generations will pay back the the debt with interest by their lower standard of living. Anywhere else they would call this insanity.

Rumor has it that you have to make less than 85k if you're single or 110k if you're married in order to qualify. A fair number of Pigg's readers will be excluded.

Luckily I will qualify.

I will not reveal my precise McInvestment strategy, but I would like to mention that $1500 will currently purchase nearly 1000 Big Macs (at participating locations).

I think most americans will take the $1500, and end up spending $15000, by using it to make minimum payments on all their CC so that they can rack up more debt.

I do think that if there is a democratic domination in the upcoming elections, that the outgoing republicans are going to trash the economy even further so that they can maximize the headaches an incoming government will have to deal with. 

selfportrait

----- Sour grapes for everyone!

I would use it to pay off some debt. I decided to take some time off of working back in 2006 and I am still working off the debt from that 9 month extended vacation. I will have a perfect balance sheet in about 1.5 years--one paid off condo, no debt, 20% down payment, and an almost perfect credit score. I can hardly wait for the melt down to continue.

Good Hunting,

Noob--but learning

Buy a MacBook...

Perhaps 100 of us here should pool our "rebates" and take out some counterpoint advertising in the U-T, USAToday, or radio advertising, dismissing the notion that it will be a good time to buy real estate ANYTIME in the next several years (until the fundamentals support prices, that is.)

"What would you do with it?"

I would donate it to any political group with the best plan to get Bush IMPEACHED.

I'm curious though, where is this $145 BILLION dollars coming from?

Besides our children I mean. Are they borrowing it from the FED, printing it, not spending it (pfff, right...)?

Won't someone think of the children!?!?