Comments on: Shotgun Investing

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Sat, 21 Jun 2008 15:20:14 +0000

[...] For Four Pillars discusses how to invest in shotguns. No, just kidding – the post is titled ‘Shotgun Investing‘ but its actually about lowball bidding on multiple investments in order to find one sucker [...]

By: Alex - My Trader's Journal

Alex - My Trader's Journal — Sun, 27 Apr 2008 02:09:12 +0000

Lowballing is the way to go for buying a house. Anyone who is offended shouldn’t accept the offer. If they accept it then they should deal with it.
I had a friend’s agent tell him that she didn’t think the seller would even look at him at closing because she was so offended. We always laughed and wonder why she accepted his offer if she thought she could do better.
If you think of a house like a stock, you wouldn’t get pissed at someone for buying your shares if you didn’t use a limit order and sold at market.

By: Roundup and Link Love - Brain Surgery Edition | The Wisdom Journal

Roundup and Link Love - Brain Surgery Edition | The Wisdom Journal — Sat, 26 Apr 2008 23:43:55 +0000

[...] Mr. Cheap at Quest for Four Pillars has an extremely interesting post on “shotgun” investing. [...]

By: Four Pillars

Four Pillars — Fri, 25 Apr 2008 04:31:24 +0000

GIV – I couldn’t agree more that first time home buyers should be “primarily worried about overpaying” but unfortunately I don’t know if that is reality!

Mike

By: growthinvalue

growthinvalue — Thu, 24 Apr 2008 20:44:37 +0000

I would imagine you’d definitely have a problem dealing with agents on both sides with this approach, but yeah, if you’re got the patience, this sounds like an excellent strategy. Especially for a first home, where you’re best off not being too picky about the particulars, and should primarily be worried about overpaying.

By: Praveen

Praveen — Thu, 24 Apr 2008 14:22:41 +0000

I read about someone who does this with auctions.

He buys surplus electronics parts in bulk and then sells them to hobbyists for profit.

He said something like if he starts winning more than 1% of the lots he bids on, then he is offering too much.

Which struck me as a new idea. I always thought you bid on things you like, and then get disappointed if you don’t get it.

But, this was the shotgun approach.