As in, due to both the pandemic and the upcoming major financial downturn, I’m curious what purchases I should be holding off on.
I’m talking stuff like real estate or cars obviously you don’t want to be spending a bunch of money on right now, nor any obvious frivolities.
But are precious metals worth buying right now?
The game Twister.
A condo in Kauai.
Counter-intuitively, now might be a good time to make a longterm investment in airline stock.
Tickets to the Met.
Or a condo in Kauai.
The vacation home we were thinking about just dropped $100,000 in price and I’d bet it will drop another $50,000 to $100,000 soon. We’re tempted.
Invest in coffee beans? Folger’s instant coffee was $20.50 a pound in the grocery store yesterday.
Buy!! Buy!! And let that annoying guy on The Dope borrow it a couple weeks a year. 
There are too many annoying guys on the Dope. We’d never get to use it ourselves.
Warren Buffett dumped all of his airline stocks in the middle of this. He said something about he expect recovery to take years.
A Cruise reservation would be a foolish purchase.
Why not? If you negotiate properly, this might be the best time to buy real estate or cars. The automotive cycle is in a trough, this is the best time negotiate good deals. Real estate will be dependent on the individual market, but could be a great time to buy. This is also dependent on whether you have the liquidity or good credit to make such purchases.
:D:D:D
Or stock in Carnival Cruise Lines.
I would say commercial real estate unless it’s right outside a metro area like New York City as a lot of companies may be looking to move their offices out of crowded Manhattan after all this.
Certain food products are seeing their prices skyrocket due to increased demand and decreased supply.
Other than that, I’m not sure. I wouldn’t invest in any small businesses that sell ‘luxury’ items anytime soon. Home furniture, take out food, etc. I think people will tighten their spending for a long time due to all this.
Ahem. Over here, we would say “on Kauai.”
My vote would be cruise-ship reservations.
I would say, bad time for commercial real estate. It will probaby drop further and at that point, if you can figure out when it hits rock bottom, then it might be worth investing in.
Actually I would give any real estate a pass until November. (Why November you ask? Because that’s often a low point in the year for RE anyway. Nobody wants to move over Christmas weekend. Or for some people, in any winter month.)
But I know at least two people whose offices leases were due to be renewed, and owing to Covid they were not renewed, and their management is liking the whole work at home thing because of the overhead, and plans to keep it going that way. At some point employees will realize that not having a commute will not quite balance out giving up a portion of your home and there will be offices again. There are also businesses that really can’t operate outside of their offices.
I wouldn’t put any money into a retail mall, either. Not that I have any money to begin with.
ETA: Don’t listen to me, I’m terrible with actual money but good at investing on paper
Pants
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Stock in JC Pennys, or Pier 1