TC asked me to step in to write a post on the opportunities that COVID-19 and Coronavirus in general can create for people with a bit of vision. He's good that way.
Normally I tend to take a bit of a dismal view of the world but I can see what TC is getting at.
Recently we at The Curmudgeons Incⓒ sold some fixed assets and freed up on mortgages to the point where we can spend some money again and even invest. Here are some investment ideas that should give you a good return.
LOCKDOWN SPECULATION
Sure, we all took advantage of the deals in supermarkets in the early days by buying up, in bulk: toilet paper, wet-wipes, hand sanitiser, flour, yeast, bleach, paper towels, rice, cereals, disposable gloves, face masks and baked beans. I mean - who wouldn't? This was a pretty good investment and worked well until a whole lot of busy-bodies get into the act and reported us to the Commerce Commission when we on-sold our stock via Trade Me, Facebook, Neighbourly and other sales channels. We only priced what the market was prepared to pay but hey, you just can't help some people. The profits in this were pretty mediocre though, even given the ten-fold mark-ups so we all needed to move on to other things like:
GOLD
Gold is showing returns of plus 28% at present. Beauty! If you've got the wherewithal then an investment say of $300,000 can quickly realise a profit of nearly a hundred grand. You can sell off the stock, bank the profits and reinvest another couple of hundred grand because, sure as hell, there will be a lot of desperate late entrants willing to get in to this rort to ensure you of at least another 25% return in the short term before it all collapses like Bitcoin did.
COVID - 19 'REMEDIES'
BLEACH
Now I know I included this in the supermarket speculation items but I'm talking here about investment in the manufacturing companies. I've noticed, in all of our local supermarkets that basic 2 litre packs of bleach have always run out and the shelves are empty. Trump's claims about ingesting bleach to counteract COVID-19 might have been disclaimed but you can never beat an old conspiracy racket. Bleach is where it's at my friends. The basic item costs a few cents to manufacture and it doesn't need fancy and expensive packaging to sell. Just create a bit of a panic like Trump and his cronies have done and the rest is history - profitable history. Buy bleach manufacturing company shares, trust me.
PROPERTY
Yes, property. While all of the worrywarts are out there agonsing about their houses, flats, baches etc. the real opportunities are to be had in good old, and safe New Zealand. Anyone, who's anyone from USA, UK, Europe, Middle East, China etc who has a bit of free cash and is wanting a bolt-hole could do worse than buying some property and housing in Central Otago, Coromandel, Waiheke Island, and even Wainuiomata. There are both long term and short term gains to be made. The best long term gain is available in little old Tarras in Central Otago at present where a new airport is being mooted. Fortunately we got wind of this a while ago and purchased a few homesteads in key locations.
These are just a few ideas.
Stay posted and we'll share some more.
Well whoopty do Mr Clever Clogs.
ReplyDeleteI'll keep an eye out for your name in the lists of entrepreneurs and The Rich List.
Hey! I thought you were the expert at spotting irony?
ReplyDeleteMaybe not.
4 comments now!
ReplyDeleteCongrats!
ReplyDelete5 now!