Opportunities in present slump

Pat494 · Nov 17, 2008

This current recession which may turn into a slump should be an ideal time for the quick witted to make mega bucks.
The property market especially farmland may well be a good opportunity while prices are low

shadowninja · Nov 17, 2008

Might (will?) fall more, though.

Trading2k · Nov 17, 2008

I don't think anyone is talking about a slump and as for mega bucks you could also lose mega bucks by trying to pick a bottom.

porph · Nov 17, 2008

I'm buying up shares in the crystal ball manufacturing and also the time machine construction industries. I have a feeling there will be a big demand in both areas.

Pat494 · Nov 17, 2008

Err ya very funny guys BUT you will be wishing you saw the opportunities offered. Warren Buffet is no fool and he is nibbling away at some blue chip companies.

I would hate to be 3 years down the line and not having made some money on this " crisis ". Cash rich companies with an energetic and talented CEO are worth considering.

The strong will prosper no doubt about it

I mentioned Autonomy Ltd. a month ago and their share price doubled.

shadowninja · Nov 17, 2008

We're talking about land, not shares.

Pat494 · Nov 17, 2008

Mark Mobius is buying up shares in China etc. H e sees continuing growth irrespective of the clapped out old economies.

Hoggums · Nov 17, 2008

imho land and property are the WORST investments you could possibly make right now.

Unless you are a trader I would recommend cash for the moment.

UKtradergirl · Nov 17, 2008

I read somewhere that Sir Alan Sugar just bought 4% of Woolworths shares recently.

Still, bottom picking is not for me. All these rich and famous people we see who are buying land, investments, shares, etc, all have the ability to weather a large drawdown. I don't. They probably have made a good call, long term though.

porph · Nov 17, 2008

Pat494 said:
Err ya very funny guys BUT you will be wishing you saw the opportunities offered. Warren Buffet is no fool and he is nibbling away at some blue chip companies.

I would hate to be 3 years down the line and not having made some money on this " crisis ". Cash rich companies with an energetic and talented CEO are worth considering.

The strong will prosper no doubt about it

I mentioned Autonomy Ltd. a month ago and their share price doubled.

Why don't you remortgage your house and put the funds 100% into equities. This time next year you'll be a millionaire!

Pat494 · Nov 17, 2008

porph said:
Why don't you remortgage your house and put the funds 100% into equities. This time next year you'll be a millionaire!

If by some mischance it doesn't happen that way I would hate to live under a hedge somewhere, but many a true word is said in jest

shadowninja · Nov 17, 2008

Pat494 said:
The property market especially farmland may well be a good opportunity while prices are low

Pat494 said:
Warren Buffet is no fool and he is nibbling away at some blue chip companies.

Pat494 said:
Mark Mobius is buying up shares in China etc.

shadowninja said:
We're talking about land, not shares.

shadowninja · Nov 17, 2008

Pat494 said:
If by some mischance it doesn't happen that way I would hate to live under a hedge somewhere, but many a true word is said in jest

That got me thinking. In this country, it isn't so bad. What's the worst that could happen? You end up in housing association accommodation with your council tax, food and bills paid for by the tax payer. The upside is untold riches and hero status on many trading forums.

DO IT!

porph · Nov 17, 2008

I am entitled to 20% of any profits from that idea - check the small print.

mauzj · Nov 17, 2008

shadowninja said:
That got me thinking. In this country, it isn't so bad. What's the worst that could happen? You end up in housing association accommodation with your council tax, food and bills paid for by the tax payer. The upside is untold riches and hero status on many trading forums.

DO IT!

Could you really do that? When my mate was unemployed, he refused to claim any sort of benefits. He said that if he had done so, he'd have been unable to look at himself in the mirror.

pmn100 · Nov 17, 2008

mauzj said:
Could you really do that? When my mate was unemployed, he refused to claim any sort of benefits. He said that if he had done so, he'd have been unable to look at himself in the mirror.

Why would they take his mirrors away?

Directional · Nov 17, 2008

pmn100 said:
Why would they take his mirrors away?

Because he'd see spanish89 in the reflection

shadowninja · Nov 18, 2008

mauzj said:
Could you really do that? When my mate was unemployed, he refused to claim any sort of benefits. He said that if he had done so, he'd have been unable to look at himself in the mirror.

I couldn't. I have been unemployed but claimed nothing.

Pat494 · Nov 18, 2008

Other ideas might include the financial vultures e.g.
pawnbrokers
bankruptcy co.s
debt collectors

others
booze/fag sellers
chocolate makers
drug makers

porph · Nov 18, 2008

Pat494 said:
drug makers

I don't think mine is listed...

Opportunities in present slump

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