Comments on: Getting rich in a depression … http://7million7years.com/2009/06/05/getting-rich-in-a-depression/ How to make 7 million in 7 years ... Thu, 24 May 2012 09:20:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Peter http://7million7years.com/2009/06/05/getting-rich-in-a-depression/comment-page-1/#comment-4078 Peter Fri, 11 Dec 2009 01:02:12 +0000 http://7million7years.com/?p=2691#comment-4078 Hi. Thanks a lot for sharing. Your information is similar to what Nick teaches in his marketing book [<em>link removed</em>] Hi. Thanks a lot for sharing. Your information is similar to what Nick teaches in his marketing book [link removed]

]]> By: Adrian http://7million7years.com/2009/06/05/getting-rich-in-a-depression/comment-page-1/#comment-2969 Adrian Sat, 06 Jun 2009 10:13:49 +0000 http://7million7years.com/?p=2691#comment-2969 @ TraineeInvestor - LOL, I wish I had said that, I've now put the "bras and entertainment" reference in quotes, where it belongs :) We have similar 'problems' in Australia: a sharemarket that has crashed (and now rebounding) in line with the US, but property prices that REFUSE to follow :( @ TraineeInvestor – LOL, I wish I had said that, I’ve now put the “bras and entertainment” reference in quotes, where it belongs :)

We have similar ‘problems’ in Australia: a sharemarket that has crashed (and now rebounding) in line with the US, but property prices that REFUSE to follow :(

]]> By: traineeinvestor http://7million7years.com/2009/06/05/getting-rich-in-a-depression/comment-page-1/#comment-2970 traineeinvestor Sat, 06 Jun 2009 08:30:56 +0000 http://7million7years.com/?p=2691#comment-2970 Agree - all good tips and I like the way you link bras to entertainment :-) I was taught at an early stage that the best time to make money was in a bear market. I think it was Lord Rothschild who first said that the best time to buy is when there is blood on the street. Slightly tongue in cheek, I'm tempted to as "what depression?" The answer depends on where you live. Out here in HK, most people still have jobs. Most people are still paying the mortgage, the school fees and eating out (restaurant takings were actually up in the first quarter of 2009). The brief opportunity to buy assets at (relatively) distressed prices has been and gone. The banks are drowning in liquidity they are so depsarate to lend out money that you can get mortgages at around 1% interest (floating rate). I'm begining to think that I am living in the wrong country if I want to take maximum advantage of the opportunities presented by the current downturn. Agree – all good tips and I like the way you link bras to entertainment :-)

I was taught at an early stage that the best time to make money was in a bear market. I think it was Lord Rothschild who first said that the best time to buy is when there is blood on the street.

Slightly tongue in cheek, I’m tempted to as “what depression?”

The answer depends on where you live. Out here in HK, most people still have jobs. Most people are still paying the mortgage, the school fees and eating out (restaurant takings were actually up in the first quarter of 2009). The brief opportunity to buy assets at (relatively) distressed prices has been and gone. The banks are drowning in liquidity they are so depsarate to lend out money that you can get mortgages at around 1% interest (floating rate).

I’m begining to think that I am living in the wrong country if I want to take maximum advantage of the opportunities presented by the current downturn.

]]>