Selling Thing to Raise Money

It’s not the 80s or 90s anymore. What does this mean? It means that the times of excess, irrational exuberance, and a massive amount of leveraging, are over. We are now entering a phase of deflation, which means costs for everything can decrease. This can be good in some ways, but overall, it’s bad. It can damper the economic recovery.

What it means for you is that if you have anything lying around the home that you might sell, it’s important that you do it now. Once deflation is evident to the broad public, nobody will be willing to pay fair costs for something they want. All their funds is going to be spent on needs, not wants.   If you’re selling stuff to raise dollars, then it’s even more important that you get moving right away. The stock market is holding on by a thread. The flash crash in late May was a sure sign that something nasty is on the horizon. A similar signal was sent in early 2008, prior to the market dropping over 40% in a matter of weeks. Once this happened, banks stopped lending and the entire economy came to a screeching halt. 

 If you need to raise dollars and you’re not sure what to sell, simply take an inventory of what you have in your home. Look around and ask yourself what you don’t need or use anymore. You must be strict with this. If you’re teetering with a decision, sell it. Some popular stuff that sell would online are fine china, jewelry, and sporting equipment. Items that don’t sell well are clothes and used computer equipment. Focus on the former. If you find any antiques in your attic or basement, get them appraised before selling.