Richard Crenian Blogs
April 28, 2009
“The Smell of the New Car Interior!”
If you have been lucky enough to buy or lease a new car, you know what I mean. There is never quite like the smell of a new car interior.
When I was a kid, Uncle Mike and I used to work on older cars, and I was lucky enough to have owned some pretty hot cars, but none more than $400.00.
I had to borrow the money for that first car, but that beautiful 1966 Olds Cutlass was a beaut!
Although it was written off, (only a fender), the motor and and interior still looked good. While all the kids were partying, Uncle Mike and I worked on that beast, and bought used body parts to bring it up to sniff! Then a $99 Maaco paint job made that car smoked (car terminology for looking good)!!
So proud was I that I sold the beast for $600 and couldn’t believe that I made a profit from all that hard work!! The profit was small, after all expenses, but I was making $1.75 an hour so fifty dollars was like a billion to me.
Too bad that the majors didn’t take a lesson from a young boy. Instead of making a billion they are losing billions.
It really is sad.
Chrysler and why just a few months ago Kirk Kerkorian was trying to buy Ford. (See my previous blog below.) I guess as we retire, we need to make sure we have safe and secure investments. We used to say “ as strong as GM.”
That is no longer. Howard and his family grew up in Saskatchewan. They have been through the dirty thirties, He believes in slow and steady wins the race. Ask him what he does for investments? 403-630 4544.
Richard Crenian
Richard Crenian Blogs
January 8th -09
“Kirk what were ye thinking?”
I was reading about Kirk Kerkorian, the investor that made his billions in real estate in southern Nevada. His story is great and it’s always nice to read about someone that can overcome adversity and does it all himself. Not bad for a guy that didn’t speak English until he started school. Today he is rated at 41st richest man in the US although the new rankings haven’t come out yet.
http://www.1st100.com/part3/kerkorian.html
Today he is 91 years old and still has all the fire in the world to spirit him along.
So what has happened to Kirk as he is supposed to retire and enjoy all the fruits of his labor and his life? At 91 I hope to have his fire and drive but I would know better than to risk my money at 91.
Here is what happened.
Kirk decides he is going to buy shares of Ford. “Kerkorian's stake in Ford peaked in June, when he owned 6.49 percent after paying $1 billion at an average share price of $7.10. He began scaling back his ownership in October, selling shares at an average price of $2.43 each, according to regulatory filings. That marked a loss of about two-thirds of his investment, or roughly $650 million.” (from the Huffington Post).
Kirk when I am 91, I am going golfing with Howard and investing in cash flow real estate where you made your money first!! What’s the matter with you? What were ye thinking??
Richard Crenian
Tuesday, April 28, 2009
"What, Me Worry, Again?" by Richard Crenian
Richard Crenian Blogs
“What I Worry About!”
April 27, 2009
I really worry what happens when this market does turn around. Does that mean you will have forgotten all about your worries and pains, and start investing in mutual funds, equities and in the stock markets?
How did you end off before the famous crash took a bunch of your money (and mine) down with it? Why is it at the end of the RRSP season the mutual fund industry did so well?
Did we forget? Someone gave them their money? I was reading today that the China market is starting to warm up to IPO’s and I cannot for the life understand that.
Me, or I don’t worry about the ups and downs of the real estate market. I just worry about cash flow. You will drive yourself totally crazy if you think of what values are day to day.
Is your investment safe and secure? Are you getting cash or can get cash flow from your projects?
Even though in commercial real estate you get tenants in and out, so long as long term you are out of the woods. Real estate commercial cash flow investing is for people with a long term view. If you want heart attack, intensity and full out action go for the stock market. If you want peace and quiet, check out Howard at 4036304544. He doesn’t care what happens. He’s happy with all of our investments and some do well some could do better, but so what he says? He doesn’t have to worry about the long term. He is patient and knows that his money is safe.
Isn’t that the type of investments you want?
PS Just read that financier Danny Pang just ripped off investors to the tune of 4 Billion dollars! Another Ponzi.
Call Howard, no worries!
Richard Crenian
“What I Worry About!”
April 27, 2009
I really worry what happens when this market does turn around. Does that mean you will have forgotten all about your worries and pains, and start investing in mutual funds, equities and in the stock markets?
How did you end off before the famous crash took a bunch of your money (and mine) down with it? Why is it at the end of the RRSP season the mutual fund industry did so well?
Did we forget? Someone gave them their money? I was reading today that the China market is starting to warm up to IPO’s and I cannot for the life understand that.
Me, or I don’t worry about the ups and downs of the real estate market. I just worry about cash flow. You will drive yourself totally crazy if you think of what values are day to day.
Is your investment safe and secure? Are you getting cash or can get cash flow from your projects?
Even though in commercial real estate you get tenants in and out, so long as long term you are out of the woods. Real estate commercial cash flow investing is for people with a long term view. If you want heart attack, intensity and full out action go for the stock market. If you want peace and quiet, check out Howard at 4036304544. He doesn’t care what happens. He’s happy with all of our investments and some do well some could do better, but so what he says? He doesn’t have to worry about the long term. He is patient and knows that his money is safe.
Isn’t that the type of investments you want?
PS Just read that financier Danny Pang just ripped off investors to the tune of 4 Billion dollars! Another Ponzi.
Call Howard, no worries!
Richard Crenian
Wednesday, April 15, 2009
"And the Headlines Read....Mutual Funds Gain!" by Richard Crenian
Richard Crenian Blogs
April 15, 2009
And the Headlines Read….Mutual Funds Gain….”
From the Globe and Mail……
http://business.theglobeandmail.com/servlet/story/RTGAM.20090415.wific0415/CommentStory/Business/home#comment3428101
Thinkingman FromCanada from Canada writes: During rrsp season my wife saw an ad for mutual funds. She said 'How can they be advertising after they lost so much money for people'. I never have and never will buy mutual funds. Too many crooks in the stock market. Now we have the evidence of this.
With empathy. Kevin.
Donald Duck from richmond, bc, Canada writes:
Yeah right !! See u in another 5 years when another scoundrel like Bernie Madoff steps in and wipes the slate clean.
The author, Shirley Won in the Globe and Mail today wrote, “the RRSP season ended on an upbeat note for the Canadian fund industry as investors plowed $3.4-billion into its investments amid the worst market turmoil in decades.”
What do you think?
Kevin’s wife is pretty smart. You lose 38% and you still put your money in.
What will it take for you to believe that there are other ways to be safe and secure?
It is unbelievable how many people get sucked in by slick promotion gimmicks etc. What’s that about. I say the slicker the presentation the higher the chance you will lose. So who knows?
Howard my partner knows, Call him at 4036304544. If you want black or white, you don’t have to go far. Speak to him.
Richard Crenian
April 15, 2009
And the Headlines Read….Mutual Funds Gain….”
From the Globe and Mail……
http://business.theglobeandmail.com/servlet/story/RTGAM.20090415.wific0415/CommentStory/Business/home#comment3428101
Thinkingman FromCanada from Canada writes: During rrsp season my wife saw an ad for mutual funds. She said 'How can they be advertising after they lost so much money for people'. I never have and never will buy mutual funds. Too many crooks in the stock market. Now we have the evidence of this.
With empathy. Kevin.
Donald Duck from richmond, bc, Canada writes:
Yeah right !! See u in another 5 years when another scoundrel like Bernie Madoff steps in and wipes the slate clean.
The author, Shirley Won in the Globe and Mail today wrote, “the RRSP season ended on an upbeat note for the Canadian fund industry as investors plowed $3.4-billion into its investments amid the worst market turmoil in decades.”
What do you think?
Kevin’s wife is pretty smart. You lose 38% and you still put your money in.
What will it take for you to believe that there are other ways to be safe and secure?
It is unbelievable how many people get sucked in by slick promotion gimmicks etc. What’s that about. I say the slicker the presentation the higher the chance you will lose. So who knows?
Howard my partner knows, Call him at 4036304544. If you want black or white, you don’t have to go far. Speak to him.
Richard Crenian
Tuesday, April 7, 2009
"Hey Alberta, we are moving in!" by Richard Crenian
Richard Crenian Blogs
April 7, 2009
“Hey Alberta, Ontario is Moving In!” by Richard Crenian
Hey guys, move over cuz we are moving in! Ok so we know your oil is at $50 bucks, that’s ok.
Did you hear what is happening to us here? We are going to get our PST taxed on everything including our puppies. Yep you heard right. Our services, even our used houses if I buy yours will be subject to PST.
To you Albertans who don’t know what PST is because you don’t have one, it is the Provincial Sales Tax. So when you pay your GST at 5%, just add 8 per cent more for the PST and now viola, you are paying 13 per cent for everything now in Ontario! (That is what the 2009 Ontario budget is suggesting.)
So get ready for us Alberta, cuz your poor cousin from out East is going to start a calling!!
What does that mean for you?? We are going to buy your houses, cars, buy groceries and eat in your restaurants; in fact, we will be adding money to your economy.
Oh if I were 17 again I would learn to sing and dance, act and goof around. Myley Cirrus is worth One Billion Dollars to Disney! Me? Disney knows my credit card and I am worth what my limit is when I visit Disney World………..
Howard? He’s worth a lot to his wife. Who else takes the garbage out, cleans the dishes and cooks? He has the time……(Howard we are just having fun with you!!)
His cash flow investments are working for him. Howard we miss you! When are you coming home? That golfing in Tucson is tiring you out!! Call Howard and bug him, will you? (Ask him if he can sing or dance!) Maybe he will give you an investment tip or two! 4036304544.
Richard Crenian
April 7, 2009
“Hey Alberta, Ontario is Moving In!” by Richard Crenian
Hey guys, move over cuz we are moving in! Ok so we know your oil is at $50 bucks, that’s ok.
Did you hear what is happening to us here? We are going to get our PST taxed on everything including our puppies. Yep you heard right. Our services, even our used houses if I buy yours will be subject to PST.
To you Albertans who don’t know what PST is because you don’t have one, it is the Provincial Sales Tax. So when you pay your GST at 5%, just add 8 per cent more for the PST and now viola, you are paying 13 per cent for everything now in Ontario! (That is what the 2009 Ontario budget is suggesting.)
So get ready for us Alberta, cuz your poor cousin from out East is going to start a calling!!
What does that mean for you?? We are going to buy your houses, cars, buy groceries and eat in your restaurants; in fact, we will be adding money to your economy.
Oh if I were 17 again I would learn to sing and dance, act and goof around. Myley Cirrus is worth One Billion Dollars to Disney! Me? Disney knows my credit card and I am worth what my limit is when I visit Disney World………..
Howard? He’s worth a lot to his wife. Who else takes the garbage out, cleans the dishes and cooks? He has the time……(Howard we are just having fun with you!!)
His cash flow investments are working for him. Howard we miss you! When are you coming home? That golfing in Tucson is tiring you out!! Call Howard and bug him, will you? (Ask him if he can sing or dance!) Maybe he will give you an investment tip or two! 4036304544.
Richard Crenian
Thursday, April 2, 2009
"The New Asian Thinking?" by Richard Crenian
Richard Crenian Blogs
April 2-09
“The New Asian Thinking?”
Our Business Partner in Asia, Darwin Forer, who is from Avonlea, Saskatchewan (Home of the world famous 1955 curling champions, The Campbell Brothers), has been living in Asia in what seems to be forever.
He and his wife live in Hong Kong, with their two young ones. Mui, Darwin’s wife is from Thailand and the nicest lady you would want to meet.
Recently Darwin emailed me about what the South East Asians are investing in and what they invested in previously..........
“- Tree farming the buzz this quarter.
-Former "oil pods" manager (it collapsed as was a ponzi scheme) is now selling Vietnam property that appears to be cheap to S.E. Asians who seem to forget it is still communist there.
- Salespeople helping “friends" sell houses located in another country
I attended the SMART property expo today; of course Land Banking companies selling, but mostly resort property around Asia, also now Cayman Island land banking. And several motivational speakers, self help etc and several running around selling weight loss programs.”
It is amazing for me to see, when the S.E. Asians, one of the smartest and most intellectual people in the world, with such a keen sense of business acumen, can fall prey to greedy and unscrupulous promoters and hucksters. Their aggressive thinking and “the chase for big returns” may skew their thinking.
Yet, Asian Government Pensions Plans invest with a long view in mind.
Howard my Canadian partner lives right. He says to enjoy the investment he plays by these rules…….1. Does it provide cash flow? 2. Is it safe and stable? And 3. Is it operated by knowledgeable people? If the answer is yes he does it.
In his younger days did he go for riskier deals? Yes! Has he been burned? Yes.
He says he is too old to lose any money these days. Besides he says that it is for his kids and grandkids! He just needs a little money to eat and buy gas!
Call him in Tucson, he’s still golfing!! 4036304544.
Richard Crenian
April 2-09
“The New Asian Thinking?”
Our Business Partner in Asia, Darwin Forer, who is from Avonlea, Saskatchewan (Home of the world famous 1955 curling champions, The Campbell Brothers), has been living in Asia in what seems to be forever.
He and his wife live in Hong Kong, with their two young ones. Mui, Darwin’s wife is from Thailand and the nicest lady you would want to meet.
Recently Darwin emailed me about what the South East Asians are investing in and what they invested in previously..........
“- Tree farming the buzz this quarter.
-Former "oil pods" manager (it collapsed as was a ponzi scheme) is now selling Vietnam property that appears to be cheap to S.E. Asians who seem to forget it is still communist there.
- Salespeople helping “friends" sell houses located in another country
I attended the SMART property expo today; of course Land Banking companies selling, but mostly resort property around Asia, also now Cayman Island land banking. And several motivational speakers, self help etc and several running around selling weight loss programs.”
It is amazing for me to see, when the S.E. Asians, one of the smartest and most intellectual people in the world, with such a keen sense of business acumen, can fall prey to greedy and unscrupulous promoters and hucksters. Their aggressive thinking and “the chase for big returns” may skew their thinking.
Yet, Asian Government Pensions Plans invest with a long view in mind.
Howard my Canadian partner lives right. He says to enjoy the investment he plays by these rules…….1. Does it provide cash flow? 2. Is it safe and stable? And 3. Is it operated by knowledgeable people? If the answer is yes he does it.
In his younger days did he go for riskier deals? Yes! Has he been burned? Yes.
He says he is too old to lose any money these days. Besides he says that it is for his kids and grandkids! He just needs a little money to eat and buy gas!
Call him in Tucson, he’s still golfing!! 4036304544.
Richard Crenian
Monday, March 23, 2009
"Turn Off that TV and Start Living! Updated...." by Richard Crenian
Richard Crenian blogs
March 23, 2009
“Turn off that TV, and start living!!” Updated…..!!
Here is a blog I wrote on October 24-08……………and here is what I added since Oct 24th…….
What has happened since then:
1. Dow Jones close on that day (Oct 24th 2008) was 8378, (DJ was 7775 at today’s close Mar 23-09!)
2. Obama wasn’t President
3. We thought that 8378 DJ was the end of the world!!
So read up below!
Oct 24th, 2008
So you are listening to that doom and gloom and all that recessionary-speak has put you in a depression!
So what do you do?
Turn off that TV and start living!!
We live in a great country, where people care for each other, our social system is great, and guess what, every day above ground is a great day!
Ok so your land deals are going to take twenty years to get out of, (ok, so the kids will get to live it up!), your condo and apartment deals will take a while to get back to where it should be and your home price is probably still worth more than what you paid for it..!
Your cash flow investments will still be going well, the values of those investments haven’t gone down, and if you were lucky enough to have bought in Alberta your rents are still going up!
Look around there are many opportunities along the way. Open your eyes and look for them, they are there.
So like my partner Howard says, “Why so glum, chum?” Phone me and I will tell you a joke or two, 4036304544!!
Go for a walk, enjoy the fresh air and be glad we can walk, and breathe!
Have that TV turned to the sports channel or anything but the news! Stay tuned!!!
By Richard Crenian
March 23, 2009
“Turn off that TV, and start living!!” Updated…..!!
Here is a blog I wrote on October 24-08……………and here is what I added since Oct 24th…….
What has happened since then:
1. Dow Jones close on that day (Oct 24th 2008) was 8378, (DJ was 7775 at today’s close Mar 23-09!)
2. Obama wasn’t President
3. We thought that 8378 DJ was the end of the world!!
So read up below!
Oct 24th, 2008
So you are listening to that doom and gloom and all that recessionary-speak has put you in a depression!
So what do you do?
Turn off that TV and start living!!
We live in a great country, where people care for each other, our social system is great, and guess what, every day above ground is a great day!
Ok so your land deals are going to take twenty years to get out of, (ok, so the kids will get to live it up!), your condo and apartment deals will take a while to get back to where it should be and your home price is probably still worth more than what you paid for it..!
Your cash flow investments will still be going well, the values of those investments haven’t gone down, and if you were lucky enough to have bought in Alberta your rents are still going up!
Look around there are many opportunities along the way. Open your eyes and look for them, they are there.
So like my partner Howard says, “Why so glum, chum?” Phone me and I will tell you a joke or two, 4036304544!!
Go for a walk, enjoy the fresh air and be glad we can walk, and breathe!
Have that TV turned to the sports channel or anything but the news! Stay tuned!!!
By Richard Crenian
Thursday, March 19, 2009
"It's Vegas, Baby ! (Update!)' by Richard Crenian
It’s Vegas, Baby (Update)
By Richard Crenian
March 19, 2009
Richard Crenian writes the best of………written in September 08, confirming what we already know, that the stock market is a jungle of hucksters and promoters. In the end our boring and safe strategy went out the window with greed. Finally we speak about my partner Howard is believes still and then that slow and steady wins the race!
You can call Howard anytime in Tucson on his Calgary number at 4036304544.
Read on McDuff!! See below.
September 29, 2008
I have been to Las Vegas, but I don’t gamble. I tried. I lost a hundred dollars and it made me sick. That was about 25 years ago. I couldn’t stand that I had lost the money so foolishly and in about twenty minutes. I worked hard for that hundred dollars and wanted to stretch it to enjoy it. I didn’t. I have not gambled since.
When my friends were investing in the stock markets, and making money in mutuals, I was happy for them. Why they asked didn’t I invest in them?
For me it was easy……. “Vegas, Baby”.
My rule was not to gamble unless it was a sure thing. A sure thing is tangible and I have control. Logic and common sense is how I like to invest, not on emotion.
A hurricane happens, and the oil prices go up. The wind blows the wrong way and a stock goes down. Russia looks at China the wrong way and the stocks go down. The USA has a banking crisis and………….?
Gold up one day, down the next. Currency up one day, down the next.
What happens when you turn 65 and want to cash in your chips? Is something, somewhere in world affecting your ability to draw your hard earn money out? Then what?
If you have the stomach for this, I applaud you.
I don’t.
I refuse to gamble with my future.
Will I have to work till I am 80? It is worrisome.
Me? Stick with my cash flowing products, stay above inflation, worry less and enjoy life more. Let the winds blow from where they may as it doesn’t affect my investment decisions.
When you buddies lament about how their portfolios are not doing well, smile, nod and think, “It’s Vegas, Baby!” And be glad you aren’t there!
Richard Crenian
By Richard Crenian
March 19, 2009
Richard Crenian writes the best of………written in September 08, confirming what we already know, that the stock market is a jungle of hucksters and promoters. In the end our boring and safe strategy went out the window with greed. Finally we speak about my partner Howard is believes still and then that slow and steady wins the race!
You can call Howard anytime in Tucson on his Calgary number at 4036304544.
Read on McDuff!! See below.
September 29, 2008
I have been to Las Vegas, but I don’t gamble. I tried. I lost a hundred dollars and it made me sick. That was about 25 years ago. I couldn’t stand that I had lost the money so foolishly and in about twenty minutes. I worked hard for that hundred dollars and wanted to stretch it to enjoy it. I didn’t. I have not gambled since.
When my friends were investing in the stock markets, and making money in mutuals, I was happy for them. Why they asked didn’t I invest in them?
For me it was easy……. “Vegas, Baby”.
My rule was not to gamble unless it was a sure thing. A sure thing is tangible and I have control. Logic and common sense is how I like to invest, not on emotion.
A hurricane happens, and the oil prices go up. The wind blows the wrong way and a stock goes down. Russia looks at China the wrong way and the stocks go down. The USA has a banking crisis and………….?
Gold up one day, down the next. Currency up one day, down the next.
What happens when you turn 65 and want to cash in your chips? Is something, somewhere in world affecting your ability to draw your hard earn money out? Then what?
If you have the stomach for this, I applaud you.
I don’t.
I refuse to gamble with my future.
Will I have to work till I am 80? It is worrisome.
Me? Stick with my cash flowing products, stay above inflation, worry less and enjoy life more. Let the winds blow from where they may as it doesn’t affect my investment decisions.
When you buddies lament about how their portfolios are not doing well, smile, nod and think, “It’s Vegas, Baby!” And be glad you aren’t there!
Richard Crenian
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