WTF does this have to do with buying something. If you can get a loan and make the payments it's perfect time. Life is short.

 

At sixty plus I have saved, invested and just wonder if I will have to work forever because the stock market has swallowed a large percentage of it. I think it's better to enjoy the money you earn by riding a new motorcycle, if you can afford it. If you wait too long, you may never get the chance.

 

I totally disagree. It's a great time to buy. Most things are on sale big time, houses where I live are half of what they were, my father in law just got $15,000 off a new truck.

I saw this coming and borrowed against my 401K when it was up last year and dropped that money into a 2004 fat boy the former owner had built for $42,000. I paid less than half of that (a lot less).

Go find a deal and buy something.

 

We're F'd

 

It's the one simple rule that I live my financial life by.........the money is always made on the buy. Their has never been a more bargins in the world than there is right now........3 months from now, there may be more or less.....if you got the income...and want an 09........buy it.

 

When the market crashed in 87 I was an Investment Advisor in my own business. I was admitted to the Registry of Financial Planning Practioner's and all I did was tell me clients to by... it was all on sale. We made very few moves, because we planned our strategy, did our homework, and worked our plan. Very few of my clients were hurt except those who listened to the doomsayers. Back then the most brilliant statment was buy Paul Harvey. He said, "The only one who gets hurt on a roller coaster ride is the person who gets off early." If you have a good advisor, a good planner, and trust in the investment mix, don't worry. If not, start shopping, and I'd buy the bike. I'm out of that business for years, but it is a great business for an honest guy who plays things straight. Look for a CFP in your area who has good references. You can call the CFP board and they will refer you to folks in your area who meet very high standards.

Personally I would not work with someone unless they were a CFP
or a CHFC. I'm biased, but I know the ropes and the ups and downs.

 

I think now, or in a month or two, dealers will be bargaining more to move their inventory. When you go to some of these shops, they all seem to have a wide selection. You are probably at the right time to make a move.

 

Go ahead and pull the trigger. You could be riding it on Saturday....

 

We have a similar market thing going on in Canada right now.. I sold my 2004 Fat Boy ($16,000), said to hell with the doom and gloom, going to order 2009 street glide abs, cruise, security, will only owe about $6000.00 on new bike..just wish our riding season was longer.

 

Yesterday is a canceled check, tomorrow is credit and today is cash only. If you want one do it. Tomorrow is promised to no one. Enjoy it and ride safe.