1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

You Feeling the Wrath Of The "Credit Crunch" Yet?

Discussion in 'BlackHat Lounge' started by dramtulla, Dec 22, 2008.

  1. dramtulla

    dramtulla Junior Member

    Joined:
    Nov 23, 2008
    Messages:
    133
    Likes Received:
    44
    Location:
    UK
    Id like to discuss your thoughts on how the "credit crunch" is affecting your pockets? if this is discussed somewhere else on here shoot me.

    btw: im already noticing £250 losses in November and 350 in December and most are from whitehat offline businesses i provide consumers for (my construction based business is feeling the main brunt)

    just wondering on everyone's feelings and if so pain from this global slow down

    thank you in advanced on sharing your thoughts with me
     
  2. str8thustler

    str8thustler Power Member

    Joined:
    Dec 3, 2008
    Messages:
    669
    Likes Received:
    243
    Occupation:
    ClientMAX Marketing
    Location:
    Philly
    Home Page:
    I must say that no my offline business is not feeling the crunch yet, I operate a sandwich shop and i guess with the heavy holiday traffic people are eating out but you also dont need a loan to buy a hotdog.
     
  3. dramtulla

    dramtulla Junior Member

    Joined:
    Nov 23, 2008
    Messages:
    133
    Likes Received:
    44
    Location:
    UK
    still in awe that you operate a small business and you havent noticed it yet although you do not need a loan for a hotdog, i know a friends sandwich shop is feeling it here in the UK due to companies ordering there lunches have sunk as alot of orders was from you guessed it construction firms.
    anyway on a lighter note im so pleased to see you still doing well and merry xmas str8thustler
     
  4. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 2, 2008
    Messages:
    787
    Likes Received:
    3,119
    Occupation:
    Chair moistener.
    Location:
    Cyberspace
    I am.... And it ain't good! :( :( :(
     
  5. xbox360gurl70s

    xbox360gurl70s Elite Member

    Joined:
    Sep 28, 2008
    Messages:
    1,532
    Likes Received:
    349
    Location:
    In your wet dreams
    everything is going strong from my online standpoint. Although traffic has declined by 16% from last years, earnings were almost the same but stayed on the positive level. the trend was supposedly a yearly increase in traffic and almost double of earnings from my online venture, the months of February till July of this year is where I stumbled badly

    The only thing that risen dramatically is the amount of people looking for outsourcing jobs. it has increased 300% from our end
     
  6. dramtulla

    dramtulla Junior Member

    Joined:
    Nov 23, 2008
    Messages:
    133
    Likes Received:
    44
    Location:
    UK
    xbox360gurl70s assuming from your name you do xbox IM or similar i bet you love xmas more than most! lol Feb-July always dip for electronics (in my opinion and experience) because they would mainly rather wait till my sales in late Dec and throught January.

    But yet again merry xmas and glad to see you doing "ok"
    randomness to end, but cute pic lol
     
  7. freqout

    freqout Regular Member

    Joined:
    Dec 1, 2008
    Messages:
    494
    Likes Received:
    81
    Occupation:
    Security Engineer
    Location:
    San Francisco bay area
    Everything is great, earnings down 4 or 5%, but I have shoved a shit load of cash onto the stock market, already added 6 k to my net worth in a matter of months, but the true payoff will be a year or two off when it truly bounces back.
     
  8. fun4uoc

    fun4uoc Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 25, 2007
    Messages:
    1,199
    Likes Received:
    1,041
    Location:
    ☆ ♔ ☆ ♔ ☆ ♔ ☆
    That sucks, sorry to hear that.

    Things have actually picked up for me this month thanks to good ole cookie stuffing. Now just have to get paid from it before I get banned.:D
     
  9. dramtulla

    dramtulla Junior Member

    Joined:
    Nov 23, 2008
    Messages:
    133
    Likes Received:
    44
    Location:
    UK
    stock market smells recently lol.....i know im doing less but DAMMM get ur cash out mate! if it aint already. cuz its about too...BLOW
    i sold a house 4 month ago for 90k and now if i really wanted to i could buy it for 65k
    plus with the stock market fraudsters being unveiled id get out with a profit that cry like those guys who had already retired and now have fk all.
    personal opinion but stocks are more volatile than real estate atm and THATS saying a something lol
     
  10. freqout

    freqout Regular Member

    Joined:
    Dec 1, 2008
    Messages:
    494
    Likes Received:
    81
    Occupation:
    Security Engineer
    Location:
    San Francisco bay area
    The stock market is the best place to be right now, if you know what you are doing and are careful, volatility and the loss of confidence are the best things for wise and long term stock market buying. As Warren Buffet said "Be fearful when others are greedy and greedy when others are fearful."
     
    • Thanks Thanks x 1
  11. dramtulla

    dramtulla Junior Member

    Joined:
    Nov 23, 2008
    Messages:
    133
    Likes Received:
    44
    Location:
    UK
    "i like that quote"
     
  12. yeti_racer

    yeti_racer Junior Member Premium Member

    Joined:
    Dec 3, 2008
    Messages:
    192
    Likes Received:
    87
    Location:
    Hick Ville
    Amen. Not investing tons (focusing mostly on paying of debt), but we have upped out 401k contributions about 5% since the market started turning this year. It means a bit less playing now, but in my opinion it will be worth it once things settle out.
     
  13. freqout

    freqout Regular Member

    Joined:
    Dec 1, 2008
    Messages:
    494
    Likes Received:
    81
    Occupation:
    Security Engineer
    Location:
    San Francisco bay area
    Amen brother, get rid of that debt and start investing like a motha, thing is people dont invest as much as they can, I live very comfortably, but I still invest till it hurts, 2-5k a month, trying to invest more these days.
     
  14. hayama

    hayama Registered Member

    Joined:
    Nov 4, 2008
    Messages:
    96
    Likes Received:
    37
    I would like to get to the point where I could invest decently every month. I definitely agree now's the time to get into the market. That's one reason why I got into IM. 9-5 income can only do so much when you have living expenses to pay and a fiance, who likes to impulsively buy electronics, to support.
     
  15. freqout

    freqout Regular Member

    Joined:
    Dec 1, 2008
    Messages:
    494
    Likes Received:
    81
    Occupation:
    Security Engineer
    Location:
    San Francisco bay area
    You need to get your fiance paying you ;)
     
  16. sf6689

    sf6689 Registered Member

    Joined:
    Dec 2, 2008
    Messages:
    60
    Likes Received:
    15
    Location:
    New Zealand
    As freqout said. If you have spare money to invest at this time, then by all means dump a bit into the stock market and just wait for your investment to pay itself off. Also another hot spot to be right now is the real estate market. Just think of buying houses at bottom prices along with low mortgage rates, rent the property out for a few years and in time you would have made a hefty amount back once the market booms again.

    Just don't expect any immediate return if your investing in the stock market or real estate market.

    (And so far I haven't felt the credit crunch, but a lot of offline retailers are).