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10 Things To Buy Now... Before The Recovery


Last Update: 5/19/2009 5:36 pm
(Peter Macdiarmid , Getty Images)
(Peter Macdiarmid , Getty Images)
The economy may be bad right now....but the deals are great if you have the money. And this recession won't last forever.

So with the help of Forbes magazine, I want to show you 10 things to buy right now... before the economy improves.

A Bargain Shopper's Dream

BJ Foreman is a jewelry store owner, onetime newspaper consumer columnist, and an expert bargain shopper. BJ can't believe the deal she got on a pair of name brand travel bags...that she found at just $15 each at TJ Maxx.

But Forbes Magazine says deals like that are the norm now...as retailers struggle to unload unsold products.

So what are the 10 items that you can score the best deals on right now?

Hot Deals Right Now

The first three are obvious: A new:
  • Car
  • Home
  • Vacation ....especially now because of swine flu fears.
The next three should thrill women who love to shop:

  • Clothing
  • Handbags
  • Shoes
BJ says discount stores are overflowing right now, with products designer boutiques have been unable to sell. She tell me to check "anyone down the food chain. Product is going to all the discounters like TJ Maxx, Stein Mart, Marshalls, and Overstock dot com. And if its a known quantity, its a great deal."

Which brings us to BJ's area of expertise and Forbes' next great deal:

  • Jewelry
BJ's shop -- Boris Litwin Jewelers of Kenwood -- like every other jeweler, is trying to clear out rings, bracelets, and necklaces that didn't sell over the December holidays or Valentines Day.

BJ says "the average consumer who walks into the a jewelry store -- where they are trying to get rid of in store inventory -- will get a good deal."

Stores are also trying to clear out Forbes next thing to buy right now:

  • Furniture
Michelle Ahler, who represents retailers, says the reason is fewer people are buying homes.

Michelle says "as the housing market has softened, so has the pricing of furniture, and thats why you're seeing these great prices available."

The down housing market also means great deals on: 
  • Flat Screen TV's 
  • Computers...Our 9th and 10th things to buy now.
Caution: It Won't Last Forever

But Michelle and BJ caution: When the economy improves, the super deals will be gone. "Those are opportunities that you're not going to have forever," Michelle says.

One last tip from BJ: To get these super deals, you need to buy in-stock inventory. If you try to custom order, you'll still pay top dollar, due to high labor costs and high costs of materials, like gold.

So look over the stores, and get ready to deal, so you don't waste your money. I'm John Matarese.


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