During this economic recession stocks, options, and futures are all hitting an all time low, and I’m not a big fan of the phrase “don’t catch a dropping knife”. Stock trading to me is a great idea because of all the gains that are stocks can make in a day. Since prices are low even the slightest increase can mean a two to three percent gain. This is more evident in cheaper stocks also known as penny stocks that are known to rise thirty to forty percent in one day. Online Trading in my opinion is the best way to do since you can directly sell, and buy with ease in a timely fashion.
A Online Broker is also the way to go since they can guide you as to what to buy, when to buy, and when to sell. In addition a Online Broker spends most of their day reading about different swings within the market, and are therefor knowledgeable to give advice. Of course if your not interested in stocks, Options, Mutual Funds, Exchange Traded Funds, and Fixed Income securities are also the way to go. With stocks rebounding, retirement funds are climbing ever higher, and with the price of gold on the incline, a couple precious metals funds would be a great asset to your portfolio.
As it turns out the gaming industry is recession proof which should tell you where to put your money in times like these. Typically nothing is recession proof besides price inelastic goods like medication and water where the price can go up three thousand percent and demand would stay stagnant. As I stated above the game industry looks like it is able to withstand the drop in spending by consumers everywhere as opposed to other industries which are now crumbling. Don’t bet your money on it for too long is my thinking, like everything good in this world it inevitably goes away.
Even in todays economy credit problems still linger above our heads and progressively get worse. I was luckily able to find a good credit card while looking over Capital One Credit Cards at comparecards.com. I was able to find a great Capital one credit card that allowed me to take out a balance transfer at 0% APR for the first year which gave me plenty of time to pay off the rest of my debt at zero interest. I of course do not advocate having to take out balance transfers or look for a lower interest rate unless you absolutely have to. By all means pay off your bills when you have to and no later.
The great thing about comparecards.com is that you can search for Low Interest Credit Cards and Zero Percent Interest Credit Cards where you can help pay off any debt or even make money. One man was able to make a boatload of money through zero percent balance transfers by taking the money and putting it in a high yield online savings account. It does have it’s risk but you should look into the option if you need to make a little extra money this holiday season.
It seems that many industries are not recession proof and this is where government programs usually come into play. The USPS (United States Postal Service) is one industry that I believe to be recession proof for two reasons.
1. It is a agency backed by US taxpayers.
2. The mail never stops to quote Newman from Seinfeld.
For this reason people continues to buy mail boxes. I believe that the video game industry along with the mailbox industry are some of the most recession proof industries out there today. A company like mailboxixchange.com is a company that has a good reputation for making quality mailboxes because of their superior standards and better building materials. They truly are a lucky company to be in that type of industry. Mail boxes can be a very important business tool as well because if for some reason your boss decides to drop by a mail box can make or break the impression of your employer. To add to that a mailbox also servers the purpose of displaying your house, kinda like the preview before a show. If your interested in purchasing a mail box check out the links above, that’s where I got mine.
I have written on some of my other blogs that my business has been on a steady decline because of school & finals. What I haven’t mentioned is that I started looking into investing, again. Investing is a great way to make a lot of money in a short amount of time, of course there is risk involved. Fortunately for me I do have some cash that I wouldn’t mind investing for the long haul of this economics downturn
When I started searching for a brokerage firm to sign up for I decided to go with one that offers Online Trading, a Online Broker, Stock Trading, and contracts for options. My search led me to firstrade.com, taking a look around I see that they offer everything plus a referral program. I myself choose to write about my progress on a number of blogs and being able to use their referral program to get me money and trades is only one more bonus on a long list of bonuses.
I like firstrade because it seems that they offer everything that one would want from a broker. Besides not offering free trades they offer everything else on my list of requirements (see above) and more. If your interested please check them out, or at the very least do your own comparison (you’ll be paid for switching as well 
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Some people have been talking about buying stocks now. Warren Buffet has said “it’s the time to be greedy”, and many certified financial planners are telling clients to get into the stock market. I for one disagree with that because I feel that things are only going to get worse before they get better. In addition with our unertain markets anything can happen whether it’s the dollar hitting a all time low or the house reports coming out saying that we are once again spending less thus lowering our GDP. Of course who am I to give my financial advice? I have only had a ever increasing networth since I was in the second grade.
