MJ DeMarco
I followed the science; all I found was money.
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Are there better opportunities in bad times?
Personally, I think so.
In bad times, people have their needs refocused and resharpened which present better opportunities.
1) Society as an aggregate becomes very self-preserving ... the old "every man for himself". I have to pay the bills, the mortgage, the car, how am I going to feed my family?". As this mindset pervades thru the masses, it eliminates competition in business. Instead of thinking about starting businesses and making greed money, people instead are thinking about paying bills and getting by with the just the bare necessities.
This reduces competition for any business you start and the need focus shifts from luxury to survival.
2) As stated above, people become very need focused. When people need things and demand increases for particular industries that do well in recession/depression, it becomes easier for entrepreneurs to address those needs. The noise of alternative purchasing decisions declines. Buying an HDTV or a new car are no longer options that can interfere. Buying decisions become more focused and entrepreneurs in the right industry can take advantage.
3) Volatility and fear breeds opportunity. On Friday while the market was down 600 points, I put in a limit order midday to buy 10,000 shares of Morgan Stanley at 7.05. I didn't get filled on the order and it expired at the end of the day. Today, MS is up $8+. I would have profited a nice 40-80% in 1 market day, $80,000+ made in 3 short days.
Now obviously, I would have taken profit long before 80%, but nonetheless, this type of return becomes within reach with volatility. Funny, as the trading day expired and my order expired, I wasn't sure if I should feel content in safety, or frustrated at lost opportunity. My downside would have been set at 55 cents per share.
Also, selling calls looks to be a great place as premiums explode.
I'm looking at buying high dividend stocks and selling covered calls - a triple whammy of upside.
4) The government will need to liquidate assets for pennies on the dollars -- whether that be homes or paper assets, there will be some phenomenal deals out there for those with the risk tolerance and the cash.
How do you perceive the bad times? Better opportunity? The same? Or Worse?
Personally, I think so.
In bad times, people have their needs refocused and resharpened which present better opportunities.
1) Society as an aggregate becomes very self-preserving ... the old "every man for himself". I have to pay the bills, the mortgage, the car, how am I going to feed my family?". As this mindset pervades thru the masses, it eliminates competition in business. Instead of thinking about starting businesses and making greed money, people instead are thinking about paying bills and getting by with the just the bare necessities.
This reduces competition for any business you start and the need focus shifts from luxury to survival.
2) As stated above, people become very need focused. When people need things and demand increases for particular industries that do well in recession/depression, it becomes easier for entrepreneurs to address those needs. The noise of alternative purchasing decisions declines. Buying an HDTV or a new car are no longer options that can interfere. Buying decisions become more focused and entrepreneurs in the right industry can take advantage.
3) Volatility and fear breeds opportunity. On Friday while the market was down 600 points, I put in a limit order midday to buy 10,000 shares of Morgan Stanley at 7.05. I didn't get filled on the order and it expired at the end of the day. Today, MS is up $8+. I would have profited a nice 40-80% in 1 market day, $80,000+ made in 3 short days.
Now obviously, I would have taken profit long before 80%, but nonetheless, this type of return becomes within reach with volatility. Funny, as the trading day expired and my order expired, I wasn't sure if I should feel content in safety, or frustrated at lost opportunity. My downside would have been set at 55 cents per share.
Also, selling calls looks to be a great place as premiums explode.
I'm looking at buying high dividend stocks and selling covered calls - a triple whammy of upside.
4) The government will need to liquidate assets for pennies on the dollars -- whether that be homes or paper assets, there will be some phenomenal deals out there for those with the risk tolerance and the cash.
How do you perceive the bad times? Better opportunity? The same? Or Worse?
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