3 ms·
Here's something you can do even with small dollars and without being an accredited investor: find some public firms with lots of "toxic assets" on their books,
by dfranke 17y ago
Here's something you can do even with small dollars and without being an accredited investor: find some public firms with lots of "toxic assets" on their books, e.g. mortgage REITs. See if you can find some that most people are afraid to touch, yet you think they'll pull through. Buy their stock.
I have a lot more research to do before I pull the trigger, but I'm planning to throw a couple grand in this direction myself.
- uptown 17y agoSounds like somebody was watching 60 Minutes last night. Here's a full article about one of the guys they profiled: http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004?printable=true¤tPage=1 http://www.vanityfair.com/business/features/2010/04/wall-str...
- dfranke 17y agoNope, coincidence. Been looking at this for a few weeks. Thanks for telling me, though: I'll take into consideration anything that looks like a spike from the media attention.
- adrianwaj 17y agoSee if you can implement an improved information system if they have a really bad one. Their cause of failure: bad information. On the other hand maybe they have some good information that can be useful.
- cloudkj 17y agoI believe that guy effectively took short positions on the firms with toxic assets. His positions were pretty much insurance bets, which paid off when a lot of these firms tanked during the crisis.