The headline almost read “Good time to make a Discretionary Mandatory Purchase”, but not being an English expert that probably is some sort of a miss punctuation or double negative…. Yes Mrs. Cane (English Teacher) still not good at punctuation … digressing…
As a Frugal Financial Advisor, “Mandatory” is placed squarely in the headline on purpose! But we wanted to bring Wall Street mishaps to Main Street savings.
Now is a good time to make a Mandatory Purchase
For those not following Wall Street ….the major retailers in an effort to overcome some of the supply chain issues have greatly overstocked their inventories by accident….. At this time this includes almost all of the major retailers and most of the electronics retailers but not yet as much the major home and home builder type of stores.
Not only are the inventories bloated, but companies are warning margins will be lower as they blow out these inventories…..
Here’s the sizzle, using our self as an example with the aforementioned signing of our new five year extended lease, as a regular practice it’s time to spiff up the office.
We have found fantastic electronic deals as we are in the process of upgrading much of our non-core computer items.
Again if you have a pseudo-mandatory purchase, the bloated inventory and markdowns which many publicly traded companies have already stated they are aggressively doing, may be a handy time to make again a “Mandatory” purchase.
While prices are likely at low levels, they can always go lower, but we have found seasonally around the holidays frequently prices pop up in advance to only be marked down to the normal price.
Again this is not a greenlight to go recklessly purchase items, and it may sound funny from a Frugal Financial Advisor to mention this, but we are taking advantage of something the largest retailers and electronic stores are telling us and in our experience are finding good deals on these “Mandatory” upgrades.
Have a Great Frugal Finder day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth