You know what I love about this recession? The low prices. I’m seeing sales and discounts everywhere. It’s much easier to haggle and get a good bargain nowadays. Even a lot of stocks are arguably undervalued right now.
One stock I’ve been tracking is Berkshire Hathaway’s Class B shares (BRK-B). As of this post, it’s floating around $2,830.50/share. I like Buffett’s school of thought. His Class A shares are above the amount I’m willing to invest right now, but Class B is totally doable. With his track record, BRK-B is sure to swing back up again. Same for many other great stocks. (Buy low, sell high!)
Of course, this presupposes that you have the means to be buying right now. A lot of people don’t. If are one of the lucky few who can, take a look at the prices you’re seeing on Craigslist and eBay (EBAY). Some people are unloading lots of high-value products at low prices. An enterprising individual with a discerning eye and a bit of capital could easily scoop up some of these items and sell them at a higher price when the market rebounds. Know what I’m sayin? (Buy low, sell high!)
This recession also means low prices from vendors. Small business owners should definitely advantage of this. Negotiate with your vendors on lower prices, favorable payment plans, and/or lower interest rates. Many businesses are open to negotiation right now. All you have to do is ask. (Buy low, sell high!)
Isn’t this a great time to be an entrepreneur? Ah yes, it sure is.
Photo by: timparkinson