Skip to comments.How does one get rich in a depression?
Posted on 02/27/2007 1:29:53 PM PST by bobjam
It seems to me that every change in the economy brings opportunity. So then, if the economy collapses (recession or depression), what opportunities are there? Open for discussion....
If you have money buy up assets at depressed values. The key is to have money during the depression. If you don't then you are in a very tough position as jobs and business opportunities are scarce.
save all the money you can in good times, spend it in bad times
Wait a few days, see if there are further losses and then put in a buy order. I'm limiting my international exposure because they're more volatile and liquid, although they can also provide huge returns.
But I'm older and an early retiree so I am not interested in aggressive investing.
BTW, 2 friends of ours started using Motley Fool's advice ($200/year for the advice) and made 40-something percent last year. They have a good track record.
Make bras or get into entertainment.
Buy Low Sell High
In a recession people and companies repair what they have in Capital Equipment, and in Surge...buying new stuff and equipment to keep up is the rule...always move like a boxer to take advantage of every cycle...
I knew a family that benefited from an ancestor who wisely saved his cash...and when the Great Depression hit, he bought land...and lots of it and at cheap prices.
Invent a car that runs on Muslim outrage.
Smuggle whiskey across the Canadian border like Joe did. Maybe it will still work.
NEW YORK (AP) -- The Dow Jones industrial average is down more than 400 points today. The cause follows...........
Democrats will take control of the House of Representatives and Senate for the first time since the 1994 Republican revolution....!!!!!!!!!!!
Don't bank on a "depression"
By having cash to buy things that will be sold for far less that their true value from people with no common sense to plan ahead, which they in turn sell back to the morons at an inflated price.
TIRES. seriously. Or medical field.
the business will slow down, but never go away.
We are so far from a depression that is laughable.
If you are the market for "toys" keep an eye on eBay. If you want land or real estate, be ready to jump with a decent down payment.
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