Mulzar.com

Don’t jump on the foreclosure fest yet. Many buyers are looking for bargains in the slammed real estate market in Las Vegas, but are you really bargaining in the nevada desert?

Technically, Las Vegas is still expensive if you look at historical prices ( inflation adjusted ). I wouldn’t personally invest in US real estate at the moment, maybe in 2010-2011. If the real estate crash is only half as bad as the Japan crisis was, we still have at least 8-12 years of declining or stagnating prices. So don’t be in a hurry to “bargain”.

What’s that? It’s over? The market has turned? What ?!

If the market has really turned now, this has been the most overrated recession in history.

Time will tell.

I’ve heard alot of positive things about their products ( not the company/stock ). But I’ve never used LaCrosse shoes myself. I have personal rule that I don’t invest in companies that I have no experience from. But in this particular case I see people using LaCrosse footwear all the time. Their product seems respected.

I still won’t invest in LaCrosse, but it’s an interesting stock. I will add it to my personal watchlist!

Financial equipment:

In financing equipment there is lots of loan which are issued by the business finders. Some of the loans which is used to help some small firms as well as big firms industries such as turning centers, concrete equipments, heavy trucks, dental equipments, computers, videos, bakery, industries, construction equipments, bulldozer financing, landscape equipments these are the several equipments offered in financial loans. Some of the vendors want to know about the offering and leasing or financing. Most of the companies have been hurt by the bank and financial company problems. In this method the lenders help you for the funds are out there for the loan that you need there is no changing. Start today with business funders and make sure that you fill out in all the basics. So, don’t wastes the pericious time fooling around with companies that don’t have extensive loan program to choose form. It also helps you to get the loan such products like trucks, construction equipments, industries and landscape equipments… In business loan the system of sanctioning the loan is always free quotes and there is no obligation. When it comes to specialty equipments the way of business method is different from different lenders.      

Exactly one month has gone since I last updated my million dollar status. Well here’s the deal, alot has happened. I sold of my shares to use the cash as a down payment on a apartment I bought. So congratulations to me! I’ve bought myself an own apartment even though I’m so young. So how did I do it? Well it’s quite easy when your parents help you. Here are the numbers for the loan and real estate:

Apartment size = 25 square meters. ( Yes, it’s a student apartment )

I used $25100 as downpayment to buy it.

The rest,  $65000 was borrowed from the bank.  FIXED LOAN 4,32 % INTEREST FIVE YEAR FIXED.

The apartment was bought for approximately $25100 + $65000 = $90000. 

In my opinion it was a great deal, it’s in the capital, Stockholm and prices in that particular part of the city has fallen more than enough. It was selling for $115000-$125000 one year ago. You have to keep in mind that this is in the capital, so the prices can’t fall so much more. Everyone in the country wants to live here

Remember that I live in Sweden and the currency used was swedish crowns. SEK is currently at 8.37 = 1 US dollar. So in swedish crowns it was something like 750000 sek. So how much is the monthly charge:

$131 monthly FEE for the apartment. I don’t what it’s called in the States but we have another owning-system here.

$240 interest payment to bank. After tax deduction = $168.

I also amortize my loan ( it wasn’t necessary though ). Amortization = $177.

$131 + $168 + $177 = $476 monthly cost.  Actually it is $299 because when I amortize I’m really just giving the money to myself.

Remember that the numbers can change fast since all of it was done in another currency. It wouldn’t surprise me if the market price went up to $120000 in dollar terms, because the dollar is very strong right now versus the swedish crown.

Status:

Net Worth: $23800 ( your parents can be real helpful sometimes ;) )

Holdings,

Stocks:

None, nothing, zero, zippo!

Real estate:

One apartment, market price = $90000

Loans:

$65000 real estate loan.

$1200 cash loan.

The managment of eBay seems to be the no.2 reason why eBay’s stock price has plummeted, the number one reason is the financial crisis of course. Ebay was trading at approximately P/E 7 for a short period now it’s around 10. Even if the managment is crappy, it’s still eBay in my eyes a true blue chip value company. I’ve used tradera (swedish auction site owned by eBay) personally and I’m satisfied with the design and process of the whole thing. I haven’t used ebay.com however but I don’t think it differs so much.

How bad the managment seems to be they can always adjust or be replaced. Power to the shareholders!

This is mostly a question targeting my american readers, if I have any. How are the laws regarding owning a apartment/house and renting it out for a profit?

The laws here in socialistic Sweden are so annoying, you can barely make a profit if you are going to do it legally. The only way to profit is under the table(yes, white collar crime is common here). Real estate speculation is, excuse my language a bitch here.  United States has always been seen as a wonderful land by the right wingers in Sweden because of lower taxes, easier laws. I’m wondering how it really is… would really appreciate if anyone could answer, the optimal would be a person who has lived both in Sweden and US.

Sorry, for the slow updates. So many things are going on in my life so I haven’t had the time to update my status. I have done some interesting things since last time. I dumped my RBY and UXG shares for a profit actually, which is a very good accomplishment considering dow jones has dropped like a rock the past time. I haven’t calculated by how much I’ve beated index but probably with a good margin. I’ve invested half my capital in “swedish” stocks and the other half in emerging market funds.

Other than that studies are going great but no lucking finding a part time job =/, on the other hand this blog is starting to get attention from advertisers. But then again I live in Sweden, I have to register a company to sell ad space, and corporation taxes in Sweden are insanely high, so I’ve been turned off from the idea of profiting on my blog.

Status:

Net Worth: $15000 ( pumped extra cash in to my account )

Holdings:

123 shares of Concordia Maritime B

254 shares of East Capital Explorer

132 shares of Fenix Outdoor

112 shares of Industrivärden C

30 shares of Investor A

36 shares of JM

42 shares of Kinnevik B

20 shares of Ratos B

60 shares of SJR in Scandinavia B

3049 shares of West Siberian Resources SDB

And about $4000 in funds, $2000 cash, and lastly I have a $1200 loan left.

If I would pick which company I consider the safest in the world I would say coca cola. I can’t imagine a world without coke(the drug too). A safe dividend grower which will most likely grow a bit faster than the economy. The thing about KO is that it has almost an immortal product which people never ever say no to. There has been a rumour about coca cola injecting drugs into coke to make people addicted, that’s obviously nonsens but I can understand why some people might believe it, it’s really good to drink!

For so long value investors have been irritated by the high P/E of Coca Cola but because of the financial crisis it’s has finally come down to a reasonable price. One share of KO paid $0.38 per share dividend every quarter, 2008. If the dividend trend continues it should pay above $0.40 per share this year. between 1998 and 2008 the dividend increased by more than 150%, that’s a 150% increase in capital income in a ten year period. How many jobs can compete with that growth of income?

It wouldn’t be fair if I didn’t mention Pepsi in this article, afterall their product actually beated coke in a blind-taste testing experiment. My recommendation is strong buy for both stocks.

Current market price: KO - $42.47, PEP - $51.53

The well known short seller Doug Kass wrote an bearish article about berkshire. His predictions are sad and hopefully wrong. Of course he doesn’t say that Berkshire will go bankrupt but we will likely see the stock go lower than $85,000. Don’t wait for a rebound just yet.

 ”All good things, it seems, in markets and life, must come to an end.” - Doug Kass