Going Forward in the Trading Race
2009 is truly a new and possibly dreadful year for us. The economy is in shambles, insurance companies are bending the rules, and the end of it all is not in clear sight. We do have a new president that promises to spearhead the battle, but he's still getting a feel for the position, and he'll surely make mistakes on the way. In short, we may be in this ditch for a while. I do believe that we'll recover, however.
But what does this recession mean for the average American? The most obvious repercussion of the financial crisis is the rapid drop in available jobs. Unemployment, of course, is expensive. Old spending habits die hard, and we may find ourselves broke long before we find a new job.
Needless to say, practicing a little frugality is in order. Try to cut back on things that are not wholly necessary, while keeping a few expenses that will keep you happy. As for the cash that you have saved up, set aside what you can for mortgages and other necessary expenses, and use the rest for minor investments.
What possible investments in this recession, you may ask? You don't have to be an expert broker to deduce that most stocks are at a low. Even though prices are down and may continue to go down further, you'll notice that is a bit more stable now than when this whole crisis started. And it's inevitable that recovery happens, and when it does, cheap stocks of today will have nowhere to go but up.
The unfamiliarity of the stock environment, of course, means that things are a bit chaotic. At the end, what's important is that you plan what you're going to do and stick with what you planned out. Stumbling is something everyone goes through in a race, but if you stop and groan at your mistake, you'll still get left behind. - 23200
But what does this recession mean for the average American? The most obvious repercussion of the financial crisis is the rapid drop in available jobs. Unemployment, of course, is expensive. Old spending habits die hard, and we may find ourselves broke long before we find a new job.
Needless to say, practicing a little frugality is in order. Try to cut back on things that are not wholly necessary, while keeping a few expenses that will keep you happy. As for the cash that you have saved up, set aside what you can for mortgages and other necessary expenses, and use the rest for minor investments.
What possible investments in this recession, you may ask? You don't have to be an expert broker to deduce that most stocks are at a low. Even though prices are down and may continue to go down further, you'll notice that is a bit more stable now than when this whole crisis started. And it's inevitable that recovery happens, and when it does, cheap stocks of today will have nowhere to go but up.
The unfamiliarity of the stock environment, of course, means that things are a bit chaotic. At the end, what's important is that you plan what you're going to do and stick with what you planned out. Stumbling is something everyone goes through in a race, but if you stop and groan at your mistake, you'll still get left behind. - 23200
About the Author:
Rick Amorey does not advice you to go for get-rich-quick schemes that are rampant on the Internet! With the help of Emini Trading, you will learn a sound, well-built plan to slowly but consistently earn more and more with trading. Join the Emini Trading System now!
posted by X - Men @ 2:50 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home