If the Lansing City Community News demanding that I explain why New York execs are investing in Lansing’s fledgling fashion industry was a start, then this is a continuation. The next week’s installment of the four page “edition” of the Lansing State Journal starts out:
Investors are bringing their millions to Lansing. Here’s why
LANSING – Three multi-million dollar venture capital firms have opened in Greater Lansing in the past six months.
Investors from Ann Arbor and New York have come to invest in businesses started at Michigan State University and even local fashion designers.
The number of early stage investment firms in Greater Lansing now stands at six, on par with the Grand Rapids region.
The question is: Why?
The article goes on to explain there’s a bunch of venture capital firms intersted in Lansing now. There used to not be so many interested, and that was all right, but now there are more, and that’s all right too. What I really spot, though, are the points that Alusheff clearly got a note from someone that they just ran a piece about the fashion industry being invested in and made sure to mention that; and that the headline didn’t bother punctuating the “Here’s why” even though it’s so close to the period at the end of the first sentence. I’m not going to be staying up all night worrying about that now that I’ve seen it! Ha ha!
Another Blog, Meanwhile Index
The Another Blog, Meanwhile index dropped eleven points and oh you would think it was the end of the world or something. Oh, the howling, oh the complaining, and meanwhile is anyone even looking at the futures market? No, because someone got the bright idea to start selling peeks at the futures market at 25 cents a pop and now suddenly everyone’s scared they’re going to run out of quarters. Really makes you wonder if a trading floor is worth the bother.
I admit normally my dreams seem to contain warnings about how to practically navigate various life scenarios. This one seems different. I’m pretty sure that this dream is telling of the next big fad in indoor mall-based entertainments, and it’s obviously got to be acted on soon because indoor malls have maybe four years left before the last one closes down.
Anyway, according to my dream, the next big fad especially among fraternity brother-model young males, is going to be renting these cheap but surprisingly well-crafted My Little Pony costumes and wandering around the mall just looking like the one that’s a kind of dusty grey. I don’t know why this would suddenly be a fad, much less how you could make these surprisingly flexible foam costumes, which are seamless except for the zipper up front, wearable for only five bucks an hour, but I have to admit, I love seeing the ordinary crowd wandering around a shopping mall with a surprising number of grey My Little Ponies puttering around silently.
This may be because along the way, all the vacant stores in shopping malls are apparently turning into unattended arcades, with another big attraction being a two-person replica of the contestants booths from Hollywood Squares, I’m guessing so people can play their own version of the game against a video monitor and recorded answers and all that. As a game show fan from way back, I approve, even if I never much cared for Hollywood Squares. It’s all a step towards getting Card Sharks back on the air.
Well, here’s another investment prospect I’m not sure about. It purports to solve one of the big problems of cities, that there’s nowhere to park except for parking garages. But nobody likes parking garages, because they look like parking garages, and once you’re past the age where you’re struck with wonder at how you drive around one way and you’re going up the decks and you drive the other way and you’re going down and somehow it doesn’t look like you’re going over the same decks you don’t even look at them with childlike wonder anymore. So, this company’s figuring to make parking decks that don’t look like parking decks: outside they may look like a giant roller skate (as one that they installed in Albany, New York, while the city council wasn’t looking does), and inside they might look like safari theme restaurants (to use an example from Des Moines, but not that Des Moines; it was just one of Dese Moines). They figure growth prospects are good as long as people keep needing cars and they don’t get taken over by a performance art troupe. Must consider.
I’ve been doing some more reading about good investments, since I plan to make one someday, probably by accident. The strong candidates are all in services, which is a strong growth sector of the economy because everyone’s discovered that goods just don’t cut it. The problem is that whatever good you might try making, it turns out it’s cheaper to have it made somewhere else and shipped to you instead. Which would be fine for that somewhere else except they’ve found it’s just as easy to get the good made somewhere else and shipped to them, and so on. The last place in the world that actually made any goods — Snipatuit Pond, Massachusetts — closed up shop late last year when it was noticed that it hasn’t existed since 1946 and now everyone’s just in the business of getting the goods already made shipped to them to send out again in the hopes of making good on their good-making contracts. Shipping, of course, is a service.
“Your problem with money,” explained the advisor on the phone, “is that you aren’t doing the things that make it grow into more money.”
I granted this. “But I do make the effort. I give my money plenty of food, fresh water, let it winter over in the greenbackhouse … ”
“The problem is your investments. Have you figured out any that give you a better return than Mallo Cup redemption points? If I know you, probably not, because you keep losing the Mallo Cup cards after licking the mallow off them.”
This did sound like someone who knew me. “What should I be investing in, then?”
Continue reading “Investment Advice As I Got It”