By Shayne Hall
I don’t know about you, but I’m sick of hearing about doom, gloom, and the end of the world as we know it. I have all but stopped watching the news, and I refuse to get pulled into any negative conversations about where the economy is headed. The other side of the truth we seldom hear about, is that there are people who are getting rich in the current economy and others who are positioning themselves to prosper in a huge way when the overall economy swings back into a growth cycle. Let’s discuss a couple of ways to do that and have something to get excited about.
Although rarely discussed in the media, there are good investments in this contracting economy. There are always going to be places to invest and make a solid return on your investment in any cycle of the economy. There is no doubt that there are people in trouble right now. We have, of course, all heard plenty in the news about layoffs and un-employment numbers, bailouts, foreclosures, and record losses in the stock market. So where are the good investments, you ask? Here’s a hint: think things people need or perceive that they need. You only need to look at the recent sales figures for cosmetics and alcoholic beverages to see that some businesses thrive in difficult times. Also, consider investing in companies that help you save money on food, transportation, energy, or entertainment in some way because people are looking for ways make a dollar go farther buying things they have to have, or perceive that they need.
But before you go putting all your money into the above investments, I want to make the point that, while you may profit by investing in those areas today, it would have been better had you invested there 12 to 24 months ago. That way, you could have taken advantage of selling your other investments at a high point, taking profits on those sales, and re-investing into these other recession-proof businesses.
So where does that leave you? Well, what “good buys” can you find right now (investments that are undervalued and on the market at deep discounts)? Think about foreclosures, mid-price rental properties, section 8 rental properties, and stocks that have taken a hit of 50% or more, but were once leaders in their sector. These are the type of investments you should be seriously considering, because these bargain-priced investments have great upside potential.
In my next article, I’m going to examine another method of building wealth in this troubled economy. One path that may be the solution for those people that have little money to invest…a home-based business.
Shayne Hall is an entrepreneur, sales, marketing, and financial services professional living in Lafayette, Louisiana. You can read about him at http://www.shaynehall.com
Shayne is also a Branch Manager with United First Financial, empowering people to take full control of their financial life and win the money game. Learn more at http://www.gpstozerodebt.com
Article Source: Shayne Hall
EzineArticles.com
February 28th, 2009 in
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Forex Trading Strategies – Analyzing the World
By Ferris Malone
Are you interested in a profitable and flexible opportunity that can enhance your financial situation and improve your way of life? Well, there are few people who would give a negative answer to that question. You need no college degree or extensive training for this potentially lucrative endeavor. What am I referring to? It’s foreign currency trading, commonly known as Forex. It is the world’s highest volume trading market and is expanding at exponential rates. Read on and discover how Forex can greatly benefit your life and financial aspirations.
Technical Or Fundamental Analysis?
In the foreign currency market there are basically two types of analysis: technical and fundamental. You will often hear traders referring to their methods as either “technical analysis” or “fundamental analysis” depending upon the tools they use to arrive at decisions. A fundamental approach is one in which a trader mainly considers fundamental numbers, current events, and economic indicators of the countries of the intended currency exchange. A technical approach differs in that decisions are reached based upon analysis of price fluctuations and patterns of change that the currency has undergone recently. It is a numerical analysis as opposed to the fundamentalist’s analysis of conditions and situations which affect the market. Each is a useful tool and the sharpest traders will consider both options to a certain degree.
Looking At Fundamental Analysis
Let’s look at the fundamentalist approach to trading. World events have a definite impact on currency price fluctuations. When events unfold it can alter prices on a daily basis and if your emotions are not kept in check you can easily give in to fear and panic, which always results in faulty analysis and impetuous decisions. You must realize that the media which control the news we hear is a potent force in molding perception of an event, often distorting the truth for their own purpose. They have their agenda and most certainly are not concerned with your financial well-being. Think for a moment on chaotic events such as devastating hurricanes, tsunamis, floods, and other natural disasters.
These events can disrupt communities and even governments, but can also be overplayed by news media seeking inflated ratings. The damage is real, but in most cases it should not invoke our panic in the trading marketplace. Keep your wits about you when trouble strikes. Also, there is the effect of corporate disasters such as Enron, WorldCom, or even Martha Stewart’s troubles which affected her publishing business. Be aware of current events and seek out reputable news sources and online databases for accurate reports on how these affairs actually influence currency fluctuations.
Plan Your Trades – Trade Your Plan
To forestall personal monetary loss due to changing world events, make sure you have a reasonable, specific plan for trading. Develop a sound system of safeguards for each trading decision you make and stick to your system, learning to overcome anxiety and panic. Sensible planning is your best protection from a major financial downturn. You cannot control the events but you can decide to react to them in a logical, calculated manner.
Forex is an exciting marketplace with immense possibilities for success, but it is not a frivolous journey that holds no risk. Be wise and focused. Your goal is to make money. Stay centered on your goal and do all the preparation you can to learn successful techniques and practical knowledge of the market. If you remain calm and sensible, with your mind alert to events that incur price oscillations, you will be well on your way to accomplishing financial security, regardless of what the media is attempting to sidetrack you with!
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Discover the benefits a great Forex training program and effective coach can make by attending a risk-free online seminar offered by The Forex Trading Institute. Whether you’re a new trader or experienced veteran, rock-solid Forex training makes all the difference.
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Article Source: EzineArticles.com Expert:Ferris_Malone
Forex-Trading-Strategies—Analyzing-the-World
December 28th, 2008 in
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If you are serious about getting rich, you understand the importance of buy low and sell high. And most investors will say that they attempt to buy low and sell high, but the reality is just the opposite! No matter what the investment, be it stocks, real estate, or gold, when prices are soaring, people are buying like crazy. Then, when the inevitable crash happens, those same people are rushing to sell. They have it all backwards!
The news media is no help. They are moaning and groaning about the plummeting DOW. The Real Estate Market is down 30% in some areas, oh wow is me. But the savvy investor is saying just the opposite. Woo Hoo! The sales are on! Now is the perfect time to buy stock and real estate. There is just one caveat. Do your research, and be prepared to hold onto your investment until the next buying frenzy, when you can sell high.
One investment I would avoid buying right now… Gold. It is bouncing off of highs right now, fueled by the uncertainty in the economy. Remember, the saying is buy low, SELL high. The economy will improve, it is only a matter of time, and the price of gold is sure to go down.