Richard Crenian Blogs
December 29, 2008
“Who Are You?”
When I read the Globe and Mail, there was a story about a Canadian we shall call Peter Puck, who now lives in California. Peter has been going through some tough times of late. He is in his 60’s, and was the former owner of the Edmonton Oilers and Gainers Meat Packing Plant.
He was apparently hated in Edmonton for selling Wayne Gretzky (99) off to the L.A.Kings and how he thumbed his nose at the blue collared folk in Edmonton. (It was just business I remembered him saying…)
He was idolized as a symbol for the Canadian Entrepreneur and no one in Western Canada in Peter’s time had not known about him. Peter was in everything including real estate and I remember that he was selling off a development in Hawaii, and was even trying to sell shares in the Edmonton hockey team along with his other interests in Teams that he owned or co-owned. He was a very exciting guy to watch and learn from, but unfortunately didn’t know when to quit or my guess is gambled once too often.
All entrepreneurs gamble and some win, and some not so lucky. When you gamble in your 20’s, 30’s up to say even your 50’s, it is ok because you have time on your side and even if you blow it, you may have a chance of coming back in your sixties.
What happens if you are in your 60’s and you blow it? You risk everything.
Who would in their right mind invest in the stock market today on a go forward basis?
We know it is for gamblers and are you going to gamble your hard earned savings?
If Peter Puck would have followed Howard’s footsteps and invested in cash flowing quality assets maybe he might not be in the pickle he is in today. Ask Howard what he can do for you, and if Peter had done so, he would be hanging out in Tucson, golfing with Howard. Howard can be reached at 403-630-4544.
Richard Crenian
Monday, December 29, 2008
Thursday, December 25, 2008
"Merry Christmas!!"
Richard Crenian Blogs
December 25, 2008
“Merry Christmas!”
No rest for the wicked so here I am blogging. I would like to thank my faithful readers and to wish them all a very Merry Christmas and of course a Happy New Year.
I hope that 2009 brings you all the well wishes and joy that you deserve and of course good health, because without your health you don’t have a quality of life.
So often people tie into their lives with what they do and who they are. They forget that as they age and their bodies slow (Like mine) what the real important thing is to care and to have your family care for you. You didn’t work all these years for yourself, no you did it for your family.
Your legacy is not in what you do but what you leave behind with your children, grandchildren and the like. Of course if you can you want to take care of them and with luck and the right cash flow quality investments you have.
Like my dear partner Howard who enjoys his life. I always tell Howard that when I grow up (if I ever do) I want to be just like him! Call him and wish Howard a Merry Christmas-403 630 4544- and tell him to have a super day!!
Richard Crenian
December 25, 2008
“Merry Christmas!”
No rest for the wicked so here I am blogging. I would like to thank my faithful readers and to wish them all a very Merry Christmas and of course a Happy New Year.
I hope that 2009 brings you all the well wishes and joy that you deserve and of course good health, because without your health you don’t have a quality of life.
So often people tie into their lives with what they do and who they are. They forget that as they age and their bodies slow (Like mine) what the real important thing is to care and to have your family care for you. You didn’t work all these years for yourself, no you did it for your family.
Your legacy is not in what you do but what you leave behind with your children, grandchildren and the like. Of course if you can you want to take care of them and with luck and the right cash flow quality investments you have.
Like my dear partner Howard who enjoys his life. I always tell Howard that when I grow up (if I ever do) I want to be just like him! Call him and wish Howard a Merry Christmas-403 630 4544- and tell him to have a super day!!
Richard Crenian
Wednesday, December 24, 2008
"No Complaints, Here!"
Richard Crenian Blogs
“No Complaints Here!”
December 24, 2008
Do we ever complain? I saw a book at Ingido that asked if a complaint is a marketing opportunity?
Ok let’s ask what we should complain about….
1. We live in a democratic country?
2. We are provided quality health care?
3. We have freedoms not found anywhere else in the world?
4. We are often in our country the master of our destinies?
5. We are taken care of as we age by our government?
6. We have a stable government?
7. We can come and go as we please?
8. We are a law abiding country?
9. We are not in war?
10. We have kids sacrificing their lives for us overseas?
It is nice to live in a western world where we suffer the indignities of cold weather, stupid political jargons and fights, and especially in Canada, where the banks are still in order.
We visit the doctors and go to the hospitals for free, how lucky are we?
Even if we don’t need the money we get a pension at 65, and carry on. We are lucky to have been born here or have had the great foresight to immigrate here.
Yet we complain. Complain if we didn’t invest properly in our 40’s and 50’s to keep the lifestyle we want. We chased the greed and go burned. My partner Howard, he chased nothing. He taught me that slow and steady wins the race and there he is in first place. He taught me cash flow investing and that is something we can and should learn from him.
Hey Howard, I am going to call you on your cell at 403-630-4544 to wish you a Merry Christmas and have you tell me how nice it is out west today with a high of -19!! Cold weather, OK, that is something we can complain about!
Richard Crenian
“No Complaints Here!”
December 24, 2008
Do we ever complain? I saw a book at Ingido that asked if a complaint is a marketing opportunity?
Ok let’s ask what we should complain about….
1. We live in a democratic country?
2. We are provided quality health care?
3. We have freedoms not found anywhere else in the world?
4. We are often in our country the master of our destinies?
5. We are taken care of as we age by our government?
6. We have a stable government?
7. We can come and go as we please?
8. We are a law abiding country?
9. We are not in war?
10. We have kids sacrificing their lives for us overseas?
It is nice to live in a western world where we suffer the indignities of cold weather, stupid political jargons and fights, and especially in Canada, where the banks are still in order.
We visit the doctors and go to the hospitals for free, how lucky are we?
Even if we don’t need the money we get a pension at 65, and carry on. We are lucky to have been born here or have had the great foresight to immigrate here.
Yet we complain. Complain if we didn’t invest properly in our 40’s and 50’s to keep the lifestyle we want. We chased the greed and go burned. My partner Howard, he chased nothing. He taught me that slow and steady wins the race and there he is in first place. He taught me cash flow investing and that is something we can and should learn from him.
Hey Howard, I am going to call you on your cell at 403-630-4544 to wish you a Merry Christmas and have you tell me how nice it is out west today with a high of -19!! Cold weather, OK, that is something we can complain about!
Richard Crenian
Tuesday, December 23, 2008
"Is it Christmas Already?"
Richard Crenian Blogs
December 23, 2008
“Is it Christmas Already?”
Where did the time go?
Is it almost Christmas already? Didn’t we already have that five minutes ago?
The year flew by, and when you look back do you see a crazy year in the economy or are we thankful for our health and our families?
After all those crazy things we did in our teens, 20’s and 30’s aren’t we glad that we are still around?
I tell my younger friends that the time is now to save, go without, and look towards the future, so that as they age gracefully they can enjoy all their fruits of their labor.
You may not need the cash flow and appreciation of your assets in your thirties but you certainly need them as you get past that. The average Canadian’s life is 83, yet most only work till they are 65.
Take Howard, he will live to 120 I am sure. He still works because he loves it, loves the action and keeps him out of trouble. The years fly by and he keeps looking and feeling younger and younger. He invested right and now he is enjoying the fruits of his labor!
Phone him and ask him how he does it!! 403-630-4544, meanwhile enjoy your family!!
Richard Crenian
Attached is a former blog of mine!
Richard Crenian Blogs
November 28, 2008
“Come Grow Old Along With Me!”
When we married and as we age, we promised our wives and kids, the lines from the following Robert Browning Poem, “Come grow old along with me, the Best is Yet to be!”
So how are we doing so far…..? Kids are good, partner is good and the health is good.
How is your financial health doing? You worked hard and you are ready to retire or you are retired now what?
I always talk and write about Howard, because I have known him for the past 31 years and have used him as my mentor. He worked so hard all his life, and he has had more fun than anyone I know. A good golfer, Howard lives life to the fullest!
A good family man and a good friend, he is always there with a smile and a hand. At 64, he has been married for over 40 years, and has more energy than any 20 year old that I know.
He only works because he loves the buzz and the action. His comment to me is to me is, “What else do I want to do? You can only golf so much!”
His plan was always through smart investing, avoiding the get rich quick schemes, and always cash flow investing. He loves good quality commercial real estate as it is a steady source of income for him to continue enjoying his life.
If he can live right so should we. “The Best is Yet to BE!”
PS Howard loves a good joke, and a is big prankster!
Richard Crenian
December 23, 2008
“Is it Christmas Already?”
Where did the time go?
Is it almost Christmas already? Didn’t we already have that five minutes ago?
The year flew by, and when you look back do you see a crazy year in the economy or are we thankful for our health and our families?
After all those crazy things we did in our teens, 20’s and 30’s aren’t we glad that we are still around?
I tell my younger friends that the time is now to save, go without, and look towards the future, so that as they age gracefully they can enjoy all their fruits of their labor.
You may not need the cash flow and appreciation of your assets in your thirties but you certainly need them as you get past that. The average Canadian’s life is 83, yet most only work till they are 65.
Take Howard, he will live to 120 I am sure. He still works because he loves it, loves the action and keeps him out of trouble. The years fly by and he keeps looking and feeling younger and younger. He invested right and now he is enjoying the fruits of his labor!
Phone him and ask him how he does it!! 403-630-4544, meanwhile enjoy your family!!
Richard Crenian
Attached is a former blog of mine!
Richard Crenian Blogs
November 28, 2008
“Come Grow Old Along With Me!”
When we married and as we age, we promised our wives and kids, the lines from the following Robert Browning Poem, “Come grow old along with me, the Best is Yet to be!”
So how are we doing so far…..? Kids are good, partner is good and the health is good.
How is your financial health doing? You worked hard and you are ready to retire or you are retired now what?
I always talk and write about Howard, because I have known him for the past 31 years and have used him as my mentor. He worked so hard all his life, and he has had more fun than anyone I know. A good golfer, Howard lives life to the fullest!
A good family man and a good friend, he is always there with a smile and a hand. At 64, he has been married for over 40 years, and has more energy than any 20 year old that I know.
He only works because he loves the buzz and the action. His comment to me is to me is, “What else do I want to do? You can only golf so much!”
His plan was always through smart investing, avoiding the get rich quick schemes, and always cash flow investing. He loves good quality commercial real estate as it is a steady source of income for him to continue enjoying his life.
If he can live right so should we. “The Best is Yet to BE!”
PS Howard loves a good joke, and a is big prankster!
Richard Crenian
Friday, December 19, 2008
"The Glass is definitely Half Full!"
Richard Crenian Blogs
December 19, 2008
“The Glass is definitely Half-Full!”
Fact:
Oil Prices are down- we laugh every time now when we fill up! If we are flying it should be cheaper because oil is less! As a consumer we are glad that it is costing us less.
Fact:
Retailers are concerned about their sales. Yes but that translates in better deals for us consumers. Retailers profits are down but their sales are still about the same. What good deals out there!
Fact: Government of Canada is lowering its rates. That is good, cost of funds for borrowing are cheaper. We are experiencing “deflation” and as a consumer that is better for us.
Fact: House prices are lower. Our kids can now afford to buy the houses at lower interest rates. If we are buying retirement homes, or condos it is a great time to look at that. If you are looking at a second home, prices look good for those. Just avoid those land deals. We have a ton of supply of housing right now.
Fact: If rates are lower, my interest on my cash is lowering too.
Yes, so look for safe, alternate investments that provide cash flow higher than the rate of inflation. Look for appreciation down the road, with those qualities in mind.
Fact: High quality commercial real estate is still looking like the way to go. Cash flows, appreciation are all part of that look.
Fact: Howard is back, and it is -37 in Calgary. Dress warm this weekend, and tell Howard to buy a parka after that Tucson trip. Don’t feel too cold for him. He will go back soon.
My blog of November 26th is enclosed, below.
Richard Crenian
Richard Crenian Blogs
November 26, 2008
“Of Promoters and Bandits!”
I was looking at my mail this morning and cannot believe people are trying to sell land investments for future residential projects.
They were promoting investing with you retirement fund…….
GRRR………that makes me so mad.
Let’s see……….
1. House prices are tanking
2. House are taking longer to sell
3. No demand for newer product
4. More supply for product than demand
5. New product is more expensive than existing
6. There is no cash flow associated with the product today
7. No cash flow in the foreseeable future
8. Is land depreciating?
9. Have we seen bottom?
10. Aren’t there better things to do?
So if all the world is scared of housing why would you be investing in land…….unless it is such a deal, you are managing it and you are buying it without the promoter taking all the profit.
Strange isn’t it how some of the promoters out there think we are fools!
Richard Crenian
December 19, 2008
“The Glass is definitely Half-Full!”
Fact:
Oil Prices are down- we laugh every time now when we fill up! If we are flying it should be cheaper because oil is less! As a consumer we are glad that it is costing us less.
Fact:
Retailers are concerned about their sales. Yes but that translates in better deals for us consumers. Retailers profits are down but their sales are still about the same. What good deals out there!
Fact: Government of Canada is lowering its rates. That is good, cost of funds for borrowing are cheaper. We are experiencing “deflation” and as a consumer that is better for us.
Fact: House prices are lower. Our kids can now afford to buy the houses at lower interest rates. If we are buying retirement homes, or condos it is a great time to look at that. If you are looking at a second home, prices look good for those. Just avoid those land deals. We have a ton of supply of housing right now.
Fact: If rates are lower, my interest on my cash is lowering too.
Yes, so look for safe, alternate investments that provide cash flow higher than the rate of inflation. Look for appreciation down the road, with those qualities in mind.
Fact: High quality commercial real estate is still looking like the way to go. Cash flows, appreciation are all part of that look.
Fact: Howard is back, and it is -37 in Calgary. Dress warm this weekend, and tell Howard to buy a parka after that Tucson trip. Don’t feel too cold for him. He will go back soon.
My blog of November 26th is enclosed, below.
Richard Crenian
Richard Crenian Blogs
November 26, 2008
“Of Promoters and Bandits!”
I was looking at my mail this morning and cannot believe people are trying to sell land investments for future residential projects.
They were promoting investing with you retirement fund…….
GRRR………that makes me so mad.
Let’s see……….
1. House prices are tanking
2. House are taking longer to sell
3. No demand for newer product
4. More supply for product than demand
5. New product is more expensive than existing
6. There is no cash flow associated with the product today
7. No cash flow in the foreseeable future
8. Is land depreciating?
9. Have we seen bottom?
10. Aren’t there better things to do?
So if all the world is scared of housing why would you be investing in land…….unless it is such a deal, you are managing it and you are buying it without the promoter taking all the profit.
Strange isn’t it how some of the promoters out there think we are fools!
Richard Crenian
Thursday, December 18, 2008
"What a Racket!!"
Richard Crenian Blogs
December 18, 2008
“What a Racket!”
Yesterday I blogged about Madoff the former NASDAQ Chairman famous now for being caught for defrauding everyone for $50 billion! I am attaching another article by Forbes magazine on the subject.
http://www.forbes.com/financialadvisernetwork/2008/12/17/madoff-ponzi-vader-fan-ii-in_jl_1217soapbox_inl.html
My question is how someone has the ability to scam the public; If you stole $50 billion where would you go in the world? Where would you hide? Why would you do it?
I guess he thought he was smarter than everyone else, suffered from God syndrome and probably thought he could get away with it!
It is sad, with such a stellar reputation and an unbelievable track record (we now know how and why he had such a good track record), why and how anyone did not want to invest with him?
I also mentioned why I like bricks and mortar, because it is real and not paper. No wonder why no one smart believes in the stock market anymore. Any one with bad intentions can really take your money. Why do people invest in the stock market? Greed and we believe from the promoters it is safe.
Here is what Bloomberg says:
http://www.bloomberg.com/apps/news?pid=20601039&sid=a4nU8QswIu28&refer=home
Scary, scary and scarier, so let’s remember this the next time the market has a run.
Here is another thought, when the markets thought GM, Chrysler and Ford were going to get a bailout the market increased?
My question is given the economy who is going to be buying cars right now unless they need to? So why would the markets have gone up? I don’t get it!
I like real stuff, real rents, and real buildings, and real cash coming in from real people who pay their rents. What’s wrong with that?
PS Howard is home in Calgary today………how do you like the cold Howard. Phone him and ask him why he isn’t golfing today? 403-630-4544.
Richard Crenian
December 18, 2008
“What a Racket!”
Yesterday I blogged about Madoff the former NASDAQ Chairman famous now for being caught for defrauding everyone for $50 billion! I am attaching another article by Forbes magazine on the subject.
http://www.forbes.com/financialadvisernetwork/2008/12/17/madoff-ponzi-vader-fan-ii-in_jl_1217soapbox_inl.html
My question is how someone has the ability to scam the public; If you stole $50 billion where would you go in the world? Where would you hide? Why would you do it?
I guess he thought he was smarter than everyone else, suffered from God syndrome and probably thought he could get away with it!
It is sad, with such a stellar reputation and an unbelievable track record (we now know how and why he had such a good track record), why and how anyone did not want to invest with him?
I also mentioned why I like bricks and mortar, because it is real and not paper. No wonder why no one smart believes in the stock market anymore. Any one with bad intentions can really take your money. Why do people invest in the stock market? Greed and we believe from the promoters it is safe.
Here is what Bloomberg says:
http://www.bloomberg.com/apps/news?pid=20601039&sid=a4nU8QswIu28&refer=home
Scary, scary and scarier, so let’s remember this the next time the market has a run.
Here is another thought, when the markets thought GM, Chrysler and Ford were going to get a bailout the market increased?
My question is given the economy who is going to be buying cars right now unless they need to? So why would the markets have gone up? I don’t get it!
I like real stuff, real rents, and real buildings, and real cash coming in from real people who pay their rents. What’s wrong with that?
PS Howard is home in Calgary today………how do you like the cold Howard. Phone him and ask him why he isn’t golfing today? 403-630-4544.
Richard Crenian
Wednesday, December 17, 2008
"I've Done it TOO!"
Richard Crenian Blogs
December 17, 2008
“I’ve done it too………”
Ok so come clean, Richard. Did you ever invest a lousy deal?
Answer, yes even as recent as within the two years. That is why this Madoff $50 billion fraud, seems to be irking me.
Here is what happened: a friend told me he was investing in a scheme where they were going to get returns of 7% a month and it looked great. The guy was an offshore trader, and now if we got in we would be guaranteed rates of 5% a month, yes A MONTH!
Wow, I couldn’t believe it, it was too good to be true! (Beware rang the bells ringing at the back of my head.)
I would be given an ATM card that I could withdraw the funds monthly and I would be off to the races. So I did a very small amount, and of course it was a scam. IT was too good to be true, indeed!
Madoff with his $50 Billion fraud did the same thing, he stole from the people he loved, his friends, using his reputation and his honour, but when a wolf is in sheep’s clothing, the unsuspecting never knows.
I am happy getting 6 to 7 per cent a year, at least it is honest, and I know I can get appreciation down the road, and money is earned and working in the old and true fashioned way- those get rich schemes are just those, schemes.
That is why Howard and I believe in good quality commercial real estate, bricks and mortars with real people paying their rent! I have attached a previous blog below for you to read!
Howard is home to Calgary today, he and his wife are in for a shock with the cold weather! Call him and welcome him home, at 403 630 4344!
Richard Crenian
In the NEWS……
Cash Flow-What’s new?
By Richard Crenian
September 29, 2008
Wow…….someone was finally paying attention to what this old guy had to say.
Big news of course, Cash Flowing Products………” Didn’t I say that already?
That book I read once upon a time that asked the question “Where are the Investor’s Yachts?” says it all; the Stockbrokers, Mutual Fund guys and the like were all driving the fancy cars and living the life on your back.
As my partner Howard says to me, “It is all about cash flow.”
I was watching CBC TV yesterday, and saw Evan Solomon interview Financial Analysts who suggested we need to go into cash flow products…..no kidding. The big lesson here is to grow your cash slowly and win at the end. Leave the greed out of it and allow yourself to make more than inflation to grow your cash so that when you cannot work anymore you can enjoy your lifestyle without risk. The turtle looks pretty good now to win over the hare!
Whoops did the equity guys and stock and mutual funds salesman forget to tell you about exposure? It looked so easy to make money back then.
When I was in Asia the investors used to tell me how they were doubling their money in Shanghai every six months and when I went back later their voices were mute. Better off going to Las Vegas and playing the tables, at least if you lose you could have said that you had fun doing so and you could control how much you lost!
We live for another day!
The Turtle
Richard Crenian
From September 29th -08
December 17, 2008
“I’ve done it too………”
Ok so come clean, Richard. Did you ever invest a lousy deal?
Answer, yes even as recent as within the two years. That is why this Madoff $50 billion fraud, seems to be irking me.
Here is what happened: a friend told me he was investing in a scheme where they were going to get returns of 7% a month and it looked great. The guy was an offshore trader, and now if we got in we would be guaranteed rates of 5% a month, yes A MONTH!
Wow, I couldn’t believe it, it was too good to be true! (Beware rang the bells ringing at the back of my head.)
I would be given an ATM card that I could withdraw the funds monthly and I would be off to the races. So I did a very small amount, and of course it was a scam. IT was too good to be true, indeed!
Madoff with his $50 Billion fraud did the same thing, he stole from the people he loved, his friends, using his reputation and his honour, but when a wolf is in sheep’s clothing, the unsuspecting never knows.
I am happy getting 6 to 7 per cent a year, at least it is honest, and I know I can get appreciation down the road, and money is earned and working in the old and true fashioned way- those get rich schemes are just those, schemes.
That is why Howard and I believe in good quality commercial real estate, bricks and mortars with real people paying their rent! I have attached a previous blog below for you to read!
Howard is home to Calgary today, he and his wife are in for a shock with the cold weather! Call him and welcome him home, at 403 630 4344!
Richard Crenian
In the NEWS……
Cash Flow-What’s new?
By Richard Crenian
September 29, 2008
Wow…….someone was finally paying attention to what this old guy had to say.
Big news of course, Cash Flowing Products………” Didn’t I say that already?
That book I read once upon a time that asked the question “Where are the Investor’s Yachts?” says it all; the Stockbrokers, Mutual Fund guys and the like were all driving the fancy cars and living the life on your back.
As my partner Howard says to me, “It is all about cash flow.”
I was watching CBC TV yesterday, and saw Evan Solomon interview Financial Analysts who suggested we need to go into cash flow products…..no kidding. The big lesson here is to grow your cash slowly and win at the end. Leave the greed out of it and allow yourself to make more than inflation to grow your cash so that when you cannot work anymore you can enjoy your lifestyle without risk. The turtle looks pretty good now to win over the hare!
Whoops did the equity guys and stock and mutual funds salesman forget to tell you about exposure? It looked so easy to make money back then.
When I was in Asia the investors used to tell me how they were doubling their money in Shanghai every six months and when I went back later their voices were mute. Better off going to Las Vegas and playing the tables, at least if you lose you could have said that you had fun doing so and you could control how much you lost!
We live for another day!
The Turtle
Richard Crenian
From September 29th -08
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