› Budget101 Discussion List Archives › Budget101 Discussion List › Opportunities During Economy Recession
- This topic has 8 replies, 5 voices, and was last updated January 28, 2009 at 12:35 pm by .
-
AuthorPosts
-
-
January 27, 2009 at 9:08 pm #270004
faxonfive
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.
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.
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.
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?
** what do you think of this advise?? **
:help:
-
January 27, 2009 at 9:26 pm #412712
Niddi
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. -
January 27, 2009 at 10:06 pm #412718
faxonfive
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?
-
January 28, 2009 at 1:24 am #412736
Tarrien
There’s some great tips in there.
-
January 28, 2009 at 9:51 am #412780
tsgal
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.
-
January 28, 2009 at 10:59 am #412785
faxonfive
LOL Tarrien that is actually a good profession!!!
-
January 28, 2009 at 11:28 am #412796
jaime
-
January 28, 2009 at 12:09 pm #412817
faxonfive
I think what it meant about the blog thing is sorta like craigslist and free cycle…not sure.,..but that would make sense. 🙂
-
January 28, 2009 at 12:12 pm #412820
Tarrien
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
-
January 28, 2009 at 12:35 pm #412823
faxonfive
-
-
AuthorPosts
- You must be logged in to reply to this topic.
› Budget101 Discussion List Archives › Budget101 Discussion List › Opportunities During Economy Recession