Or advice on how to spend during the recession.
(strutting the tartan-Alan Cumming (a.k.a. Tartanscot), *advice-Charles)
Ever since the recession began (the 2007–2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession), I have given a lot of thought to how a connoisseur should handle the situation.
Here is what I have decided for the duration, which I figure will last, at least, another year or two and will be comparable to the nasty economic downturns of the 1970s.
In the good, fast times, I did what I hope the majority of you did- put some funds aside for the inevitable sinker.
❧ Buy a work of art immediately. It will make your soul feel better, and today the prices are getting righter by the month.
❧ Minimize the risk of the stock market – scout locally for investment possibilities in small businesses that have been unable to secure a bank loan. Hunt particularly in waste-management enterprises, i.e. innovative gasification technologies.
❧ Think of renovating the house or apartment. Bids will certainly be lower. Seek the small contractors, who are going to cut profits to keep their work forces together.
❧Check out the real-estate market (understatement of the century).
❧Plan to trade in your car earlier than usual, look for a super deal with all the extras, including power takeoff and plow attachment.
❧Vacation in America. If you want to go to Europe or the Orient, look into the highly refined group tours and become an expert on bargain airfares.
❧Cull the rare-books shops and assemble those hundred greatest books you should have bought-not to mention read-long ago.
❧Buy cloth of only the highest quality.
❧Become viciously picky and judgmental when it comes to seeing anything, from museum shows to movies.
❧Make a list of your most discriminating friends, and share tips on what is absolutely the best in anything you want to purchase. Always insist on quality.
❧Funnel all your charitable giving into those activities that truly do enhance the quality of life for everybody.
❧Do not be too cautious or simply hunker down. Get on the move. Look around; opportunities and bargains are everywhere.
❧And, of course, try to hold on to you sense of humor-consider the alternative.