Steadfast Finances

 20s Something Advice, Auto Sales, Business Trends, Consumer Education         10 comments

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There are just some things that Gen Y won’t pay for: news, music, banking fees, etc. Apparently, this social media savvy cohort doesn’t find a tremendous amount of value in these items or they can simply get them for free somewhere else.
This trend seems have spilled over — perhaps temporarily …

 Auto Sales         No comments

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J.D. Power just released their initial quality survey for new automobiles this week, and surprisingly, the overall quality of all the autos sampled have never tested higher.  Better yet, the quality gap between the Big Three and foreign automakers is shrinking.
Good news for consumers!  Bad news for parts suppliers and …

 Auto Sales, Consumer Education         2 comments

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It is just me, or does the history of Chrysler seem like that lady (or guy) that’s been divorced too many times?
Allow me to explain:

She’s got a lot of questionable baggage (e.g. debt) that may or may not hinder your future together.
Lots of Ex’s and old boyfriends that are sure …

 Auto Sales, Bargain Hunting, Consumer Education, Vulture Investing         13 comments

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I had an interesting talk with a family member yesterday regarding her neighbors — the stereotypical Mr. & Mrs. Jones – who now find themselves in a personal finance bear trap.
They’re trying to unload their 2 year old SUV because they can no longer keep up with the payments on three cars.  That’s right folks – they …

 Auto Sales, Buy on the Dips, Investing 101         No comments

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In the last few days, I’ve gotten several emails that reminds me of the one (and only) time I sat in on a high stakes poker game.
I say this facetiously of course, but I have received numerous requests from friends and readers who are repeatedly asking the same investing / …

 Personal Finance Tips         3 comments

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I’m quite suprised that it’s late Sunday night and I haven’t seen a breaking news story from Capital Hill saying “Big Three Automakers have secured their bridge loans“, bailout loan, or whatever else their lobbyists want to call it.
Perhaps this is a good sign since most of the government backed …

 Auto Sales, Politics         4 comments

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CNBC’s Fast Money ran an interesting story this evening regarding Ford’s CEO Alan Mulally just prior to Congressional Hearing #2 where the Big Three U.S. Automakers will try their hand at begging for a bailout loan — again!
Jeff Macke’s research stated that the the drive from Detroit to Washington DC …

 Auto Sales, Financial Crisis         11 comments

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If you had a gangrenous foot, you would have it amputated.
Wouldn’t you?
Sure, it’s justifiable to be reluctant.  It’s justifiable to be completely scared out of your mind.  After all, what else would you have but fear invading your every thought while you are laying there your hospital bed wondering how …

 Auto Sales, Commodities, Green Living, Investing 101, Microtrend Investing         No comments

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It would seem T. Boone Pickens and his Pickens Plan followers are about to receive a flood of new supporters if headlines like these can be generated on a consistent basis.
And yes, it’s confirmed, select residents in Utah who are fortunate to drive Compressed Natural Gas (CNG) vehicles are lining …

 Auto Sales, Bargain Hunting, Market Themes         No comments

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As an investor with a bargain hunter mentality, I’m always on the lookout for opportunities to buy items selling at a discount from previous highs.  This tactic has been made famous by investors like Warren Buffet (and many notable others) by buying just after the market plunges and sentiment is …