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Thread: Opportunities During Economy Recession

  1. #1
    Frugal Goddess faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive's Avatar
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    Star Opportunities During Economy Recession

    1. Investing real estate. Buy foreclosed properties as the price is at the rock bottom. Having a house/apartment to stay is necessity, tenants (ex-house owners) still need a place to live after being foreclosed. There is still demand for renting property during recession. Robert G. Allen is expert in buying foreclosed properties, please read his famous book ‘Nothing Down’.

    2. Buying a business. Slow down sales will hurt business. Find a good prospect business and strike at the right price. Sell off the business when the time is right.

    3. Buying undervalue stocks. Find strong fundamental companies and buy their stocks if they are undervalued. Remember Warren Buffet’s advice, buy when people are scare enter the market, sell when people rushing to buy.

    4. Buying unit trust/mutual fund. If the 10 years cycle assumption is correct, shares price will rise again. So buy now as almost all are in low price, they might be increase few years later. Advice from Robert Kiyosaki, investment by hoping for capital gain is risky. So, it’s up to you to decide.

    5. Investing in precious metals. Precious metals like gold price tend to rise during recession. Same case might happen to current situation, but it is reverse currently due to banks and investors converting gold to USD. But still a lot of analysis suggested us to buy gold.

    6. Buying devalued currencies. Currencies like AUD, NZD, SGD, IDR and ISK are dropping their value against USD. Some countries offering high interest rate, eg. Indonesia (10%), Australia (3.5%), Iceland (18%) and Sri Lanka (23%). You can have two types of profit: high interest rate return and potential of that currency to rise against USD. Some bankers offer facilities to deposit your saving into foreign currencies, check them out.

    7. Obtain loan from low interest rate countries. Guess what you gonna do with this loan? Of course put into higher return places eg. blue chip stocks with high return or saving in other countries banks offering higher interest rate. Countries offering low interest rate so far are Japan and USA. You gonna have your stable passive income guys.

    8. Buy tax lien certificate. You can buy this at most states of USA. I think the chances of house owner late paying tax are higher during recession. You may make a small fortune there.

    9. Blogging. Since your workload is less during recession. Find some of free time to blog. You maybe rich because of this.

    10. Offering loan to needy people. Setup business to serve that purpose. I notice in some countries, the loan given interest rate is more than double of bank interest rate. So these people will get loan from bank and offer loan to needy with higher interest rate. Please consult legal firm before setting up this kinda business.

    Don’t panic and think positively, there are still a lot of opportunities to make money during economy downturn. You might become rich during this recession. Who know right?

    Final words, try all these at your own risk.

    ** what do you think of this advise?? **

    Last edited by faxonfive; 01-27-2009 at 04:32 PM. Reason: spelling
    Tragedy, sadness, loneliness and despair taught me that life is really a beautiful thing; if it wasn't I wouldn't be able to recognize that anything was wrong - Lynn in Virginia

  2. The Following 12 Users Say Thank You to faxonfive For This Useful Post:

    arleneb (01-27-2009), BellaInara (01-28-2009), galegehl (02-05-2009), jaime (01-28-2009), JoAnn (01-27-2009), KawaiiGiggle (01-29-2009), mbabb29340 (01-29-2009), mdowdy (01-28-2009), Niddi (01-27-2009), Tarrien (01-28-2009), tsgal (01-28-2009), wilbe95 (01-28-2009)

  3. #2
    Budget101 Done Digging Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi has a reputation beyond repute Niddi's Avatar
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    Default Re: Opportunities During Economy Recession

    Most of his ideas scare me.
    We're in enough financial trouble already due to our investment firm making some bad investments with our IRA and us now having to suffer the consequences. Don't need to take any more chances. Wish we'd kept our retirement money "under the mattress" when DH retired with a buyout. We'd have a lot more money now.
    I don't want to get rich. Just want to quit loosing what we do have.
    Niddi

  4. #3
    Frugal Goddess faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive's Avatar
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    Default Re: Opportunities During Economy Recession

    I am right htere with you Niddi....just would like to get "ahead" so that I dont have to keep working til I am 90...you know?
    Tragedy, sadness, loneliness and despair taught me that life is really a beautiful thing; if it wasn't I wouldn't be able to recognize that anything was wrong - Lynn in Virginia

  5. #4
    ferret Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien's Avatar
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    Default Re: Opportunities During Economy Recession

    There's some great tips in there.

    I've actually been thinking of going to school now for a job that never EVER ends up lost due to economy. (Mortician*)

  6. #5
    Budget101 Done Digging tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal has a reputation beyond repute tsgal's Avatar
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    Default Re: Opportunities During Economy Recession

    I'm with you Niddi and Faxon. The money is to tight here to invest into anything at this point. But for the right person with some money in hand, it may be a good thing.
    Tonia

    Wisdom is doing now what you will be happy with later on.

  7. #6
    Frugal Goddess faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive's Avatar
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    Default Re: Opportunities During Economy Recession

    LOL Tarrien that is actually a good profession!!!
    Tragedy, sadness, loneliness and despair taught me that life is really a beautiful thing; if it wasn't I wouldn't be able to recognize that anything was wrong - Lynn in Virginia

  8. #7
    Budget101 Done Digging jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime has a reputation beyond repute jaime's Avatar
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    Default Re: Opportunities During Economy Recession

    Very nice advice. I thought about the blog thing, but am not sure how to go about it Thanks for the post

  9. #8
    Frugal Goddess faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive's Avatar
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    Default Re: Opportunities During Economy Recession

    I think what it meant about the blog thing is sorta like craigslist and free cycle...not sure.,..but that would make sense.
    Tragedy, sadness, loneliness and despair taught me that life is really a beautiful thing; if it wasn't I wouldn't be able to recognize that anything was wrong - Lynn in Virginia

  10. #9
    ferret Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien has a reputation beyond repute Tarrien's Avatar
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    Default Re: Opportunities During Economy Recession

    Blogs now a days aren't always the best way to make money. BUT if you have a great idea and enough people catch on- (there was a blogger who was the first to post about having Sarah Palin as Vice Pres before anyone even knew her name ) - You could find yourself in a very powerful position
    Last edited by Tarrien; 01-28-2009 at 07:13 AM. Reason: adding
    http://forums.budget101.com/image.php?type=sigpic&userid=12005&dateline=123311  0438

  11. #10
    Frugal Goddess faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive has a reputation beyond repute faxonfive's Avatar
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    Default Re: Opportunities During Economy Recession

    Wow...thats understandable Tarrien!!! Thanks!!!
    Tragedy, sadness, loneliness and despair taught me that life is really a beautiful thing; if it wasn't I wouldn't be able to recognize that anything was wrong - Lynn in Virginia

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