Any entrepreneurs out there?

[Driller1]

Originally Posted by Memphis1979

Not true.

Just like the stock market, smart investors see market downturns as a time to buy, not to sell.

During economic hard times, when businesses aren't doing well, if you have the means and a good enough product, start your business now. Rent will be cheaper, locations are plentiful, and you can hire people for next to nothing.

Then, when the market takes off again, you're sitting pretty making a mint.

Of course, that all depends on do you have enough money to ride out the storm in the mean time.

I'm thinking of starting a small agriculture business. I'm learning everything I can about one particular plant, so that when I become able to start growing it on a large scale without fear of prosecution, I can simply step in and start doing that.

With Obama in office...no way would I invest much.

[ozzie679]

Don't even think about opening a retail store right now. I've owned my own retail operation for 10 years and business is brutal!

[Driller1]

Originally Posted by ozzie679

Don't even think about opening a retail store right now. I've owned my own retail operation for 10 years and business is brutal!

I know it is bad...I see stores closed every place I go.

[florida.bob]

Originally Posted by Driller1

With Obama in office...no way would I invest much.

I know, just imagine how devastated I am that I invested in the market early in 2009?

[Driller1]

Originally Posted by florida.bob

I know, just imagine how devastated I am that I invested in the market early in 2009?

Unless you invested $500,000 plus you have not made enough to bother keeping track.

I know my portfolio is just coming back with a little profit.

[Driller1]

Originally Posted by florida.bob

I know, just imagine how devastated I am that I invested in the market early in 2009?

BTW, unless you sell, you have not made a dime.

[florida.bob]

Originally Posted by Driller1

BTW, unless you sell, you have not made a dime.

I started smll for the first few months, increasing gradually. Buying and selling multiple times. Frankly, it would have been very difficult, not to have made a good deal of progress, unless one stayed out, which is always an option.

[Driller1]

Originally Posted by florida.bob

I started smll for the first few months, increasing gradually. Buying and selling multiple times. Frankly, it would have been very difficult, not to have made a good deal of progress, unless one stayed out, which is always an option.

Day trading??

That is just an expensive game.

If you are not careful the fees will eat up your profits.

[sanrene]

Originally Posted by Calvinist

So what you meant was that only a fool would not start a business...unless you have a bob-endorsed excuse?

Haha.

Who in their right mind would start a business, when obama policies and regulation are closing them down left and right?

[ozzie679]

Originally Posted by Driller1

I know it is bad...I see stores closed every place I go.

I wish I was at retirement age...I'd get the heck out now!