7 things to buy before economy recover

Start with the big ticket item and investment purchases.

1. Real Estate - Some locations are down for about 70% of its value. If you have a long term investment plan of 3 to 7 years, you can't go wrong with this. In Toronto, where we reside, we acquired 2 foreclosed condos. Mortgage interest are also low. Today, I can get a deal for 3% fix.

2. Stocks - There's a lot of bargain out there. If you have a long term view, some company is a good buy. I do recommend to buy stocks in Canada. The 5 big banks, the 3 big insurance company, Our oil company, Energy company. Even some REITS.

2. Automobile - Auto demand is down by approximately 33% since October 2008 and dealers have excess inventory according to FORBES magazine.

3. Electronics - TV, Radio, Computers, and etc.. are cheaper because of excess inventory and other retail stores went bankrupt.

4. Furniture - Visit your local Ikea, Wallmart, Leon's, and you will see what I mean.

5. Home Renovations - services prices are very competitive and the materials as well

6. Fashion - Some ladies love the deals that are out there.

7. Jewelry - I'm not a big fun of it but if you are, diamonds, gold, and silver are a good buy. According to FORBES "Diamonds. Anyone in the market for a something sparkly will find prices down 14%, on average, since their highs in mid-2008, according to Ken Gassman of the Jewelry Research Institute. Gassman says more expensive diamonds have seen even greater drops. A pristine 4-carat diamond that went for $70,000 per carat is now selling for $51,700 per carat--a 26% discount."