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-   -   Taking advantage of the recession/depression (http://forums.pelicanparts.com/off-topic-discussions/432361-taking-advantage-recession-depression.html)

cstreit 09-25-2008 12:04 PM

Taking advantage of the recession/depression
 
So now that we're on the way down, lets talk about the way the smart money can profit long-term from the recession/depression.

Ideas?

Foreign Currency while the dollar continues to tank?
"Safe" investments while the market turns down?
Save save save?

RWebb 09-25-2008 12:10 PM

do what Buffett did

trekkor 09-25-2008 12:28 PM

Waste away in Margaritaville?


KT

widebody911 09-25-2008 12:44 PM

The trick is finding the bottom.

Porsche-O-Phile 09-25-2008 12:48 PM

Don't try to catch a falling knife. And this is a very big knife and it's got a long way to fall yet.

RWebb 09-25-2008 03:52 PM

Quote:

Originally Posted by trekkor (Post 4201322)
Waste away in Margaritaville?


KT

great idea!

trekkor 09-25-2008 03:55 PM

Jimmy Buffet, right?

RWebb 09-25-2008 04:26 PM

Warren is doing well....

next 6 months will be good time to pick stocks - avoid the relief rally pricing & get ready for the next business cycle

same for mutual funds...

charleskieffner 09-26-2008 02:56 AM

buy all the toys you can afford............now or next month. with people jumping out of windows having heart failure, getting deeee-vorced over their stupid ass dumbass moronic investments in questionable companies and get rich quick schemes.....................toys ie. boats planes cars bikes will be a dime a dozen.

dont believe me????.................look at used gun prices here recently. full auto class 3 excluded for the most part.

onewhippedpuppy 09-26-2008 04:38 AM

I find burning dollar bills in my fireplace is cheaper than using my furnace. Thanks inflation!

BGCarrera32 09-26-2008 06:11 AM

Quote:

Originally Posted by widebody911 (Post 4201348)
The trick is finding the bottom.

I'll race you there.

Oh, wait...


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