Panic Profits

[Springs Trader]

I have made most of my money making bold moves when times were scary. Mostly I am referring to the 2007/08 crash. I didn’t have the courage to go all in in October of 87 or during the 2000 nasdaq crash even though I desperately wanted to. I can’t tell you how much I wanted to buy Amazon and Cisco for months near the lows. However, I only nibbled around the edges as I was fearful .

I did go all in in 07/08 when everyone was pulling back. Stepping on the gas when everyone else is hitting the brakes is a great way to gain permanent market share or buy things at huge discounts. The strategy I launched in 2008 led to a decade long 15x bottom line expansion of my business. I am looking to be aggressive again . (my age prevents me going too crazy.)

To be clear, what has happened recently is nowhere close to the financial and market pain experienced in my examples but it is time to think about what to do when things get really crazy. We need to be ready!


What are your best ideas for buying when everyone is afraid? What new opportunities do (potential) pandemics provide?


What opportunities arise from the historic price collapse of oil?


Thanks for sharing.

 

[dozu888]

I have made most of my money making bold moves when times were scary. Mostly I am referring to the 2007/08 crash. I didn’t have the courage to go all in in October of 87 or during the 2000 nasdaq crash even though I desperately wanted to. I can’t tell you how much I wanted to buy Amazon and Cisco for months near the lows. However, I only nibbled around the edges as I was fearful .

I did go all in in 07/08 when everyone was pulling back. Stepping on the gas when everyone else is hitting the brakes is a great way to gain permanent market share or buy things at huge discounts. The strategy I launched in 2008 led to a decade long 15x bottom line expansion of my business. I am looking to be aggressive again . (my age prevents me going too crazy.)

To be clear, what has happened recently is nowhere close to the financial and market pain experienced in my examples but it is time to think about what to do when things get really crazy. We need to be ready!


What are your best ideas for buying when everyone is afraid? What new opportunities do (potential) pandemics provide?


What opportunities arise from the historic price collapse of oil?


Thanks for sharing.

tech is the only game in town... we are in the 3rd inning of the AI revolution.... no brainer.

 

[wrbtrader]

I have made most of my money making bold moves when times were scary...

The strategy I launched in 2008 led to a decade long 15x bottom line expansion of my business. I am looking to be aggressive again . (my age prevents me going too crazy.)

...Thanks for sharing.

I'm curious, did you do this back in 2008 via getting your advice from discussion forums that led to your decade long 15x bottom line expansion of your business ???

Does that business help you exploit the current global crisis or does it have an advisor to help your business to continue to prosper or you're completely doing this on your own ???

Has your business been impacted negatively recently by the Corona Virus or do you fear it soon will be ???

I ask the above questions because I've been hearing news stories lately about the impact on small business owners by the CoronaVirus and OPEC Oil deal crisis,

Major events being cancelled, elite universities switching to online learning, medical conventions cancelled, hospitals 1/2 full, grocery stores slashing food prices, airline flight cancellations, NBA considering having their games without fans in the stadium and so many other situations that impacts the economics of countries.

wrbtrader

 

[Springs Trader]

No advice from message boards in 08. My point was being aggressive when others pull back has worked for many entrepreneurs for a long time. What ideas would that type of thinking generate now? If the world is suddenly changing where are the opportunities?

I am in the live event business so yes, I have taken a hit the past couple weeks. My events are seasonal (Mid Jan-Mid March. We end this weekend.) We didn't start really feeling the impact until last week. This week will be horrible. Luckily we were mostly done with our schedule before people starting paying attention. I am thinking about the possibility we will feel this next year as well. It could be catastrophic to our business so I am looking for what's next.
That said, it's not a topic that seems to resonate so I will sign off. Too bad as I thought it might be pretty interesting. Lots of creative minds hang out here.

 

[murray t turtle]

tech is the only game in town... we are in the 3rd inning of the AI revolution.... no brainer.

%%
Agree ;
on tech being best game/trend .
And several sectors are making good, steady downtrends. Good thing about the market we can play many more than 8 innings.
CSCO pays a good dividend, no way would I buy it dimes off 52 week lows. BUT some of best tech ETFs have CSCO.
Almost always pays, in stock market/ETFs; not to ''go all in'' in one month. For example, 2008 bear lasted a year; 2000, 2001, 2002 bear is what i'm saying. [And don't expect all to reply by 11:30/noon, all in one day]

 

[ironchef]

Almost always pays, in stock market/ETFs; not to ''go all in'' in one month. For example, 2008 bear lasted a year; 2000, 2001, 2002 bear is what i'm saying. [And don't expect all to reply by 11:30/noon, all in one day]

Good advice. Too bad I just did.

But if I look back 10 years from now, it is probably OK.

 

[ironchef]

No advice from message boards in 08. My point was being aggressive when others pull back has worked for many entrepreneurs for a long time. What ideas would that type of thinking generate now? If the world is suddenly changing where are the opportunities?

I am in the live event business so yes, I have taken a hit the past couple weeks. My events are seasonal (Mid Jan-Mid March. We end this weekend.) We didn't start really feeling the impact until last week. This week will be horrible. Luckily we were mostly done with our schedule before people starting paying attention. I am thinking about the possibility we will feel this next year as well. It could be catastrophic to our business so I am looking for what's next.
That said, it's not a topic that seems to resonate so I will sign off. Too bad as I thought it might be pretty interesting. Lots of creative minds hang out here.

I am a follower.

In 2008-09 I followed Buffett when he got into GS, BAC... Then in 2010/11, I followed Liz Ann Sondors' analysis of the housing market and went into RE.

I got out of WFC several weeks ago when Buffett's filing showed reduced WFC holding. Then I follow @dozu888, went all-in now.

The last one may be the mistake of my life???