The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

OFF-TOPIC If the economy crashes....

kurtyordy

Bronze Contributor
Aug 28, 2007
2,375
279
70
42
PA
I have been wracking my brain lately to see the upside of the falling doller/falling economy. The best I can come up with is to borrow as much money as you can now and invest in places where it will not be affected, even to the extent of buying various foriegn currencies.

Curious what others think the upside can be besides cheaper homes etc. In other words, there will be those businesses that do well in a recession/ depression, what does everyone think those businesses will be?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Allthingznew

Contributor
Aug 26, 2007
416
56
25
What needs does a recession/depression create? How can these needs be met? What needs do people have no matter the economic climate? How can a business help change the economy? Does the business help people help themselves?

I think the businesses that can answer the needs will fair the best.
 

kimberland

Bronze Contributor
Jul 25, 2007
825
120
38
LOL
TheGreatBear, you stinker.
You know I bought Citigroup at higher.

Okay, Kurt, let me see if I understand your statement...
You think we're going to hell in a handbasket
yet you want to invest now?
Why not wait until we're truly in hell?

I plan to do my usual,
pick up good stocks while they're on sale,
then watch them drop even more
before they eventually go back up.

I'm looking at a small Cdn REIT right now
with no debt
cashflowing like the Amazon
paying a healthy distribution
(yet far below cashflow)
and trading at below book.
What's not to like?
 

Jonleehacker

Gold Contributor
Read Millionaire Fastlane
Speedway Pass
Oct 31, 2007
1,856
1,130
614
Edmonton, Canada
Gold & Silver work. Easy to buy with ETFs.

Personally about 2 years ago I started buying silver bullion. Started at $10 and it is now over $16. The closer we get to "hell in a handbasket" the higher it will go.

If we actually get there, I may still be able to buy a couple loaves of bread. :)
 
M

magicmax

Guest
Want to know what stock to buy when facing a horrible bear market? Costco!
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
I bought 4 of his courses about freelancing / copywriting. I'm halfway through the first. The...

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom