Dow Down . . . Find Motivated Sellers And Enjoy Massive Returns

Hi Folks:

I just looked up the return I have so far this year on my mutual fund and it is a double digit loss. Although the loss is only on paper and I don't plan on taking out of the market, it is uncomfortable seeing money go away completely out of my control.

How nice it is that I have ANOTHER account, (namely a zippered money bag) that has enjoyed massive returns. I have no longer kept track of my return on money invested but I am assuming many THOUSANDS of percent return on my cash invested this year.

Of course this was done by buying and selling personal property. Lately I have been really focused on motivated sellers and people that just want to get rid of things very badly. I have done a few small car deals like this one, and if you consider the money invested, the return has been very good.

I flipped a Ford Escort this week. Paid $300 and sold it for $700 cash. I was lucky because a car salesman I know had a prospect that was looking for a cheap car and I pay salesmen a referral fee if they help me sell one of my cheap cars.

So I showed the car to the guy, sold it Tuesday night and made about 108% return on a $300 investment. (I paid my salesman $75 for the referral)

The point is, I made my money by finding a car someone wanted to get rid of at below wholesale value. Now I did that by noticing the car on a rural road that I was sure provided very little exposure and very few potential prospects. It actually sat there for about 1 month before I even considered making an offer.

By the time I contacted the guy last week he was very motivated to get rid of the car. In fact, I knew this before I called because the sign on the car had been marked down twice, from $800 to $700 and then best offer.

I just told him I couldn't pay more than $300 for a car that might blow up next week. If he would of refused, I would have just walked away.

Motivated sellers can make you an awesome return on your money!

The car, by the way, was washed and cleaned out real nice before I bought it. I touched up a few things and drove it to town where it was sold.




Make Money Buying and Selling Personal Property

Hi John:

First, let me say, your Kit "How-to Make up to $500.00 Or More Per Week With Personal Property" is excellent. And anyone interested in making money with Chattel should get their own personal copy - as well as getting a copy of The Chattel Report.

Onward.

> I flipped a Ford Escort this week. Paid $300
> and sold it for $700 cash. I was lucky
> because a car salesman I know had a prospect
> that was looking for a cheap car and I pay
> salesmen a referral fee if they help me sell
> one of my cheap cars.

> So I showed the car to the guy, sold it
> Tuesday night and made about 108% return on
> a $300 investment. (I paid my salesman $75
> for the referral)

What's extra special about the Return On Investment is: You made it in one week!

You can make a 108% ROI putting your money in the bank - if you want to wait for years and years and years. Your $300 in the bank would only take 12 years to become $600 at 6% interest (not including bank fees, taxes, etc., etc.).

Not too many investment options - real estate, bank, stocks, etc. - offer the speed of ROI as does buying and selling Chattel.

In the upcoming issue of The Great Ideas Letter we'll be covering some Chatteling and showing how some others are doing it and making around $1,200 a week as well as showing how to get into it for a few spare bucks. We'll also be revealing the Test Results of one of the ideas presented in the last issue (hint, it was profitable from day one and cost less than $15 to start).

Michael Ross.

What a Great Idea!THE most important, life-changing, business and money making idea you have been searching for could be within the pages of THE GREAT IDEAS LETTER... Click here now! to find out more.


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Hi,

As a skilled chart reader yesterday's drop in the Dow is what I would call a "Bad Sign." Yesterday "should" have been a modest up day, followed by a nice rally. Anything is possible at this point....

Best,

- Boyd

Hi Boyd,

I just returned from an stock/option trader's group meeting in Houston and there was a lot of discussion concerning the fact that the head and shoulder's pattern on the S&P 500 is now broken...and that the next really strong support is wayyyy down there.

The fact of that 'break' creates a big concern since many believe that we have further to drop before we will get any kind of a relief rally. And, many may also get caught in a short squeeze when Wallstreet decides it is time to turn it - on a dime -fiercely and quickly...possibly when the VIX is at about 60 as it was after the lows following 9/11. Hmmm....

There are others who believe that we will surely get a strong bear market rally in time to soothe people's spirits... beginning possibly in another week...or at least a few weeks before election season approaches in the fall...it will seem like 'happy days are here again' -- but then after that event...look out! And prepare to experience another stronger 'leg down' later this year which will likely be very troubling to those who threw all their money at this coming rally...thinking that they were getting in at THE bottom...only to be sadly mistaken.

It is also thought that the removal of all foreign stocks from the S&P 500, which was reshuffled on Friday to only include American companies, might have contributed to the waterfall toward the closing. However, now more support levels are broken which will now become resistance...and that doesn't help the bullish traders.

I am reading a new book by Robert R. Prechter of Elliottwave.com fame - called "Conquer The Crash...You Can Survive And Prosper In A Deflationary Depression". Very, very interesting.
It provides tactical advice on how to prepare yourself financially in these economically troubled times.

If the worst doesn't happen, it's still nice to be prepared in every way possible.

My sister thought that IBM was a steal at $100.00, and now she wishes she had read some of the forecasts that I subscribe to. I tried to share with her, but she discarded the information and is now really sorry since she waited it out. Till she read Warren Buffet's recent remarks about how long he believes it will take to turn our economy around and begin the next new bull market in stocks. Now she is a believer, unfortunately AFTER she has lost a lot of money though.

Just sharing what I'm hearing as I travel in financial circles in the past months. Of course all of these financial advisers could be very, very wrong.

But from all I'm seeing, I am definitely feeling a little bear-ish these days, :-)
Amber

> Hi,

> As a skilled chart reader yesterday's drop
> in the Dow is what I would call a "Bad
> Sign." Yesterday "should"
> have been a modest up day, followed by a
> nice rally. Anything is possible at this
> point....

> Best,

> - Boyd

Hi,

I'm going to get the Prechter book.

Question: I want to get back into daytrading. I've been considering Single Stock Futures as a way to do that. What do you think about SSFs?

Thanks for the excellent message!

Best,

- Boyd