Archive for the ‘Recession’ Category

Too Wide of a Gaze

Friday, July 17th, 2009

Too wide of a what… you say?

Let me explain.

The first problem is one you may not have initially thought about,
but once I tell you what it is, you’ll realize it’s no different in any
other area of your life.

By this I mean, when you want to be successful at something
you absolutely must be focused. I can’t repeat this enough, you
must be focused. You can’t be looking at 5 different markets or
500 different stocks, currencies, options, commodities, ETFS….
you name it.

I’ve met newbie traders who have seen pictures of traders starring
at multiple screen setups, run out and spend huge amounts of
money setting up 5 or 6 screens and a giant trading office without
even placing a trade!  After this, they frequently try to watch any
market that goes up, down or sideways.

Think of this as a jack of markets and master of none, because
that is what you’ll be if you try and trade a bunch of different markets
and trading vehicles. You’ll spend endless amounts of time gazing
at so many different markets and variables that could affect those
markets… that you’ll stress yourself out to your limit and lose your
money at the same time.

This may fly in the face of what others out there are teaching and
want to you to believe, but I wholeheartedly believe in this. In fact,
think about it really deeply for a minute, doesn’t it just make sense?

Think back in your life when you did something successful, were
you focusing on a ton of different tasks? I doubt it. It’s simple, but
people love to complicate it. The more you look at—- the more you
blur your focus —- and the less you will be successful.

But that’s not it.

I have the proof of seeing and knowing thousands of traders, this
has allowed me to witness firsthand what makes them successful.

The worst part about this is it’s totally unnecessary. It’s a complete
waste of your time and your life. When you understand the potential
in the e-minis and how to trade them, there will be no reason to look
anywhere else. All the opportunity is in one place.

Note: Don’t worry if you don’t know what e-minis are, I will explain
everything about them during the live trading sessions

I hope you found this useful…

Todd

http://my-trading-coach.com/ti



Posted in Recession, Trading | 1 Comment »

Recession’s Effects on Your Business and How to Control Them

Tuesday, March 17th, 2009

The impact of recession can be very damaging not only to households but to businesses as well. Learn about these effects of recession and prevent your business from succumbing into its deadly claws.

1. Customer scarcity

When you have too few customers, consequently, your income suffers as well. The rising prices make customers too picky or less interested in giving you business. Existing customers may also be re-assessing their spending, which results in fewer orders for you. So what do you do? How about changing your customer acquisition techniques? Have you tried online marketing? This may not be suitable to all businesses but there’s no harm in considering it. Online marketing has many forms and doing your assignment will prove to be helpful in determining which technique will benefit most your business.

2. Ridiculously high credit card debt

Inflation is likely to happen during inflation, which means your expenses can be higher than normal. If you have been relying on your credit card for payments, you now need to monitor your spending really closely. This is because losing track of your expenses can surprise you one day when you no longer have enough funds to pay off all your debt. You do not want to have problem with your credit card because a bad rating will not be of great help when you are trying to obtain approval for loans.

3. Increase in cost of utilities

The rising price of food, electricity and gas can put a big dent to your business. This can be especially true if you run your business form a physical location. Increase in monthly bills means lower income. So how do you resolve this? There are so many ways to save money on utilities. One is to cut back on non-essentials. It the weather does not need for a full blast AC unit turned on, turn it off. If you can turn off the lights more often without making the business operations suffer, then do so. If you can use less expensive packaging methods or materials, please do take advantage of cheaper alternatives. Re-assess all the nooks of your business. Take a harder look to your books to get deductions. Lessen expenses in every way possible. Make the most out of technology. If you can automate parts of your business, do so. You can also hire contract workers such as virtual assistants to help you be more productive and to allow time for you to brainstorm on how to improve your business.

4. Funds gone kapoot

If you started your business using a loan, you might find yourself out of savings to fall back on if you need funds to survive the recession. To control this, have a suitable savings plan, wherein you can put in some of your income. This allows you to have a backup plan whenever the current downturn happens.

5. Low staff morale.

Slow periods mean sadder employees. Why not add incentives and create contests to boost the morale of your sales team? This is the best time to get your creative juices flowing to help motivate your employees. Having motivated employees means increased sales. So, don’t be too stingy with incentives and praises.

Have you felt any of these yet? If so, what are you waiting for? Try out the suggestions on how to control the effects of recession.

Choose to make it an outstanding day,
- Coach
http://my-wealth-coach.com

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Posted in Recession | 1 Comment »

Anti-Recession Tips For Effectively Shoring Up Your Portfolio

Wednesday, March 11th, 2009

The economy can be hard on your portfolio.  This has happened before and it could happen again.  Now that we’re officially in a recession, what better time to pump up your resources and shore up your portfolio than to make it recession-proof now or at least weather the tough economic times?  Here are some anti-recession tips you might want to consider:

Aim for quality.

If there’s one thing that markets abhor, it’s uncertainty.  This is especially prevalent in the way investors behave when faced with companies that produce predictable figures.  This is also the reason why investors are loathed to take chances on companies that don’t perform as expected.  These companies are usually the small ones, ones that need investors’ faith the most.

To start shoring up your portfolio, try to avoid companies that will rely heavily on you, the investor.  It will be easier for you (and safer for your investment) to rely on companies that more or less show predictable growth because this points to better earning quality.  Opt for these companies instead – these are usually large firms, big players in an industry that have proven staying power regardless of the economy and have plenty of money to continue to run, do business, pay debtors, produce and make their investors happy.

Invest in health care.

Take your pick: drugs, medicines and pharmaceuticals or health services.  Whichever way you go, you have a better means of shoring up your portfolio if you put your faith on this sector that continues to enjoy a healthy performance.

And it shouldn’t surprise you one bit: what the health care industry can offer is a staple among consumers – good health and a means to cure.  Unless someone comes up with a miracle cure soon, the health care industry will continue to thrive.  Until then, this is one more segment of the market that you might consider putting your faith on.

And yes… the fact that certain segments such as pharmaceuticals pay a lot in terms of dividends doesn’t hurt.

Stick where the crowds are.

By crowds, we mean consumers.  Consumers are the lifeblood of economies.  Without their support and willingness to spend, economies can crash and burn so easily.  As an investor looking to shore up your portfolio, here’s an anti-recession tip for you: invest where consumers bloom.

This means putting your money on industries that cater to the most basic of consumer needs, such as food and beverages, personal care and household needs.  Other than the fact that consumers have been proven to continue spending for basics even during a bad economy, these industries have also performed well during less-than-ideal economic times in the past.  You’re less likely to experience disappointment if you go where consumers go.

Diversify.

Recession always brings out the worst – and best – in people, especially investors.  Which way you wish to take is really up to you.  However, wouldn’t it be better to view the recession as an opportunity to find other means to make money?

If you want to shore up your portfolio and avoid the negative effects of a recession, consider diversifying.  But do so only by carefully considering the pros and cons of the industries that you wish to invest in.  Focus on industries that have behaved so well under pressure, particularly those that continue to stay steady even during a recession.

Choose to make it an outstanding day,

- Todd

http://my-wealth-coach.com

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Posted in Recession, Trading | No Comments »