Greetings all.....
Long time lurker....first time poster.
I'm a conservative contrarian, value investor at heart.
I'm an avid reader/researcher of all things related to the economy(both local and global) and I can honestly say I've never felt so unsure of the future economic climate in my life.
One thing I'm fairly confident of is that the next 10 years will likely not be as good for MOST people as the last 10 years.
I'm doing everything I can to prepare for what I perceive may happen.
My personal investments are focused on energy(Canadian Royalty Trusts), China, a couple monopolies, and precious metals.
The bulk of my family's net worth is tied up in a nearly mortgage free commercial property located under a quite successful, debt free business we own(Business Week Top 50 Brand).
Sitting on a good bit of cash, and mostly unused leverage, I'm considering the purchase of another business to diversify away from our existing business if things sour going forward.
The business I'm looking to buy is a document storage business for a reasonable valuation.
The document storage business seems to be a somewhat recession proof business(if such a thing really exists). Customers rarely change document storage companies, cash flow is a lot more predictable than the weather, the customer base is diverse(some fast growing companies, some big old school insurance companies, and government departments).
It WILL require having to use a good bit of leverage to make it happen and still leave us a bit of fat for contigencies until we pay down the debt(3 years).
I know this forum focuses mostly on more liquid investments such as shares, bonds, commodities, and property......but with the high risk, low return environment we have at the moment I'm wondering if buying another business where I can better influence and control the return(to some extent) is the better option than sitting here, having my cash pile killed by inflation.
I guess I'm looking for a couple "outside the square" opinions, other than my local fellow entrepreneur friends, to help me in my due diligence and making sure if things proceed I'm taking a WELL calculated risk.
Any/all opinions or questions are greatly appreciated!
Long time lurker....first time poster.
I'm a conservative contrarian, value investor at heart.
I'm an avid reader/researcher of all things related to the economy(both local and global) and I can honestly say I've never felt so unsure of the future economic climate in my life.
One thing I'm fairly confident of is that the next 10 years will likely not be as good for MOST people as the last 10 years.
I'm doing everything I can to prepare for what I perceive may happen.
My personal investments are focused on energy(Canadian Royalty Trusts), China, a couple monopolies, and precious metals.
The bulk of my family's net worth is tied up in a nearly mortgage free commercial property located under a quite successful, debt free business we own(Business Week Top 50 Brand).
Sitting on a good bit of cash, and mostly unused leverage, I'm considering the purchase of another business to diversify away from our existing business if things sour going forward.
The business I'm looking to buy is a document storage business for a reasonable valuation.
The document storage business seems to be a somewhat recession proof business(if such a thing really exists). Customers rarely change document storage companies, cash flow is a lot more predictable than the weather, the customer base is diverse(some fast growing companies, some big old school insurance companies, and government departments).
It WILL require having to use a good bit of leverage to make it happen and still leave us a bit of fat for contigencies until we pay down the debt(3 years).
I know this forum focuses mostly on more liquid investments such as shares, bonds, commodities, and property......but with the high risk, low return environment we have at the moment I'm wondering if buying another business where I can better influence and control the return(to some extent) is the better option than sitting here, having my cash pile killed by inflation.
I guess I'm looking for a couple "outside the square" opinions, other than my local fellow entrepreneur friends, to help me in my due diligence and making sure if things proceed I'm taking a WELL calculated risk.
Any/all opinions or questions are greatly appreciated!
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