According to the Forbes magazine following things are very good buys NOW. I disagree with few of them..read on…
Who says that bad times are not good?

House

I agree with Forbes that buying a house now is the best time; in case you plan to stay in it for more than 5 years, until the market return and you have created some equity in it. It may not be the best option, if you are buying it for profit. Housing prices finally seem to be bottoming out in most regions. There are also some great buys available due to short sales and foreclosures, which accounted for 40%-45% of purchases in February, according to the National Association of Realtors. Falling interest rates (under 5% for a 30-year mortgage) and government incentives ($8,000 first-time home buyer’s credit) aren’t bad either. With the combination of low price and low interest you can save over $200,000 on a $500,000 house in 30 years!

Car:

I do not agree with Forbes. If you have a good car which has been repaired properly (Check our website http://www.prundo.com to download free coupons for auto repairs and compare auto repair shops), you should keep it for couple of more years. However, if you need a new car for your son who turned 16 or now your wife has started working and she needs a car, then certainly it may  be a good time to buy a car. With the auto industry suffering, manufacturers are offering huge incentives on their swelling inventories of new cars. Buyers with good credit can get 0% financing on most types of cars and some cash rebates can be upward of $6,000. Don’t rule out a used car either: The February 2009 Consumer Price Index shows a 10% decrease in used car prices from a year ago.

A Vacation

You may think that we are recommending to have a vacation.. Are we crazy? Not really.. Now’s the time to take one. According to Expedia.com research, average hotel prices in many desirable destinations have plummeted. For example, hotel prices in Las Vegas are down 34% from a year ago. Average Caribbean cruise prices have fallen 8% compared with the first quarter of 2008. Several travel agents also bragged about booking week-long Alaskan summer cruises for as low as $1,000 per person, including airfare and taxes.

High-Dividend Stocks

This is one category for which I totally agree with Forbes assessment. If you still have money, then this is the best time to invest in blue chip stocks. The stocks which have given dividend for decades are the backbone of American life. The S&P 500 is down 40% from a year ago and could fall further, but for those willing to brave the market and wait, deals abound. Inflation could make it an even better time to buy. Washington’s bailouts and ballooning budgets may make stocks with a history of high dividends a good option–they take advantage of today’s low stock prices and implicitly protect investors from future inflation through regular dividend payments.

Women’s Clothing

This again is dependent upon your personal need. We cannot make a blanket statement to buy new clothes. According to the Consumer Price Index, women’s outerwear, shoes and accessories have all seen lower prices in February compared with a year ago. Recently, women have begun flocking to “value” retailers, according to Piper Jaffray retail clothing analyst Jeffrey Klinefelter. That means less expensive clothing stores can lower their prices through lower production costs, and more expensive clothing stores will be forced to have more sales and clearance racks.

Laptops

I will also recommend this. If you need anew laptop or are tired by your old and slow desktop, go ahead and buy a great laptop. Paul Ryder, vice president of consumer electronics for Amazon.com, says laptop prices have dropped thanks to the interest in netbooks. Although the Consumer Price Index does not break out laptop computers from others, it seems to broadly support this claim, with personal computer prices falling 13 percent in February from a year earlier.

Toys

Don’t we have parks? What happened to soccer, basketball etc. I am not sure why Forbes will recommend buying new toys. I disagree with them. According to Forbes, Parents can breathe a sigh of relief: More affordable toys are on their way for the holidays. According to the Toy Industry Association Inc., toy manufacturers are responding to the economic climate by developing low-cost toys. One toymaker, Wild Planet, has priced their entire 2009 line under $25. Look for lower-priced toys starting to hit stores this summer.

Televisions

I am not sure about this. If you need it, then buy it and if you can wait then wait. The prices have certainly come down. Each year it seems as though TVs get cheaper and cheaper, but this year those decreases are starting to make larger flat-panel TVs far more affordable. The radio/television category in February’s Consumer Price Index was down 9 percent from a year ago as more manufacturers get into the flat-panel business, driving prices down.

Furniture

Same thing here. Can you not wait for the furniture? If you are moving or rented an apartment, then certainly buy furniture. With fewer people buying houses, fewer people are buying new furniture. Jim Sluzewski, a spokesman for Macy’s, says furniture demand across the industry has noticeably decreased over the past year. That’s driven many furniture retailers out of business, according to John Baugh, an analyst who covers the furniture industry at Stifel, Nicolaus & Co. Inc. Retailers still in the market have to respond to those liquidation sales with price cuts and clearance items of their own. Baugh also noted that consumers with good credit can also often obtain very attractive financing.

Diamonds

Wow. I will never ever recommend this. How can you waste your money on buying diamonds. You must really have tons of money to do this! Don’t wait for the economy to improve before popping the question. Diane Irvine, chief executive officer of leading online diamond retailer bluenile.com, says that the recession has quashed demand for diamonds, creating deals. According to Ken Gassman of the Jewelry Research Institute, prices for polished diamonds are down 14 percent, on average, from their highs last summer.