[Archive]

Posted By: joe brennan

To change the tone of this thread slightly, We for two am looking forward to a great 2009. Our area has not be hit by the housing problems the rest of country has faced. The larger and local banks did not grant morgages to people that could not afford them and we see no one losing their houses because of it. Construction in our area is booming and the work force is in place. Although we did see our stocks tumble by 30%, we as arm pit collectors, but good investors never put more than 10% of our assets in one place or in one stock. Where we see a tumble in one area we have seen a rise in others.
We (as in the BEG ) think that this is the perfect time to place our money in stocks that are under valued and cards or other collectibles that will surely retain their value if times continue to be tough. We are in the midst of purchasing a major piece to add to our growing collection, but it will not be baseball hobby related. We feel that the best option is to find the best value for our dollar in any investment. If others continue to predict doom and gloom we will be happy to help in this situation by purchasing and keep the economy on an even keel. While others are selling we intend to buy heavily at prices that will make both the seller and the buyer happy. I will say that times will continue to be tough, but we are not heading for a depression. We will see a turn around by the 3rd quarter of 2009 and if everyone keeps their heads we shall pull out of it just fine. The panic is caused by emotion and emotion has no place in business or the market. The key is to buy low and sell high and emotion takes over and people panic and dump their assets at very low prices. We intent to look for the best stocks at this time and buy, buy, buy.
I hope eveyone that has the assets and disposible income looks at this time as a great opportunity to expand their wealth and collections.

We as the BEG wish everyone a very Happy New Year and we hope you all obtain the cards on your want lists.



In Rememberance of James W. Brennan Sr. 1924-1982. Dad, thanks for everything you did for me.