How the little guy can profit from $4 gas June 11, 2008
Posted by Jeff Nabers in : Self Directed IRA Solo 401k , add a comment
It’s everywhere: GAS PRICES! ENERGY CRISIS!
However, this blog post is different. Turn on the tube to CNN and hear about how “We’re trying very hard to find a viable source of alternative energy to reduce our dependency on oil.” Personally, you can simply buy an electric car (right now). Those savings can be significant, but they can only go so far for your finances. Besides saving money, consider making money off of $4 per gallon gas. Assuming you don’t own Exxon or BP, here are some ideas:
The Contraction of Real Estate Demand – Sprawl Reversal
In this instance I don’t mean “contraction” in terms entire real estate markets losing value, I mean “contraction” in the sense of density. Before recent gas prices started changing the world, suburban sprawl was rampant in the U.S. The easy to obtain mortgage financing provided by the growth of the housing bubble only multiplied sprawl. In cities across America, middle class people found themselves moving to the outer suburban areas where they could have a 4,000 square foot house with a 3 car garage. They were all sipping lemonade on their huge front porches, admiring their white picket fences, and trading stories about flippers and spec homes just before getting sucker punched by gas prices and their rising Adjustable Rate Mortgage payment.
As the “look I’m rich, I swear!” house of cards finally fell, many middle class Americans are finding themselves in one of two categories: (more…)
Investing in Electric Cars May 27, 2008
Posted by Jeff Nabers in : Money, Self Directed IRA Solo 401k , add a commentIf there is one conversation central to society right now… it’s energy. More specifically oil. With gasoline passing the $4 per gallon mark in many parts of the country, it’s hard not to wonder what are our alternatives to the internal combustion engine automobile.
In the mid 90s, GM came out with quite a successful electric vehicle (EV), but mysteriously repossessed and destroyed all of them. While there are many theories as to their GM’s motives, perhaps it is more useful to focus on the car companies who are producing efficient, working, zero-emmissions vehicles that require no gasoline, oil, or internal explosions to operate:
Telsa Motors
Elon Musk, cofounder of leading online payment processor Paypal, has spearheaded the development and productions of the Tesla Roadster…
Driving Range: 221 miles
0 – 60 mpg in under 4 seconds
To Speed: 125 mph
Energy cost: $0.02 per mile (about 10 times cheaper than a gasoline car)
Retail Price: $110,000
Full charge: about 3 hours
This isn’t a “we hope to offer it in the future” car. It’s already been produced. Over 600 have been sold or reserved, and there are an additional 400 on the waiting list. The roadster is a car that will hang with Ferraris and other exotic, high performance sports cars.
More importantly, Tesla plans to introduce a $60,000 luxury sedan in 2009, and a $30,000 model soon thereafter.
EV’s Longer car life
If you think $110k or $60k for an electric vehicle is expensive, think again. While the (more…)
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