Scared or Excited?

As I write copy for a large financial planning firm, I’ve been aware of the stock market and financial occurrences on a regular basis.  I don’t have a lot of money to invest, so whatever I do ‘risk’, I do so with intense research and experienced advice.  With the current buzz on a pending recession, I and most of my friends, are getting a bit nervous.

It All Started with the Change of Command

Certain elements which have shown the lack of intelligence in Washington DC set us off.  K, well, I should probably speak for myself, but I know I am in confidence with my ‘tribe’ when I speak for the whole.  Comments about women, in general, would turn us against the ‘element’, let alone the irreverent stance toward the environment or the insanity of internment for immigrants.  Whether your opinion, the ‘trade wars’ have been detrimental to the well-being of many US industrial and agricultural markets.

Haunting and Daunting Past

For me, I’m suspicious of large financial institutions.  A pending recession sends chills down my spine – I was taken in 2008 (lost most of my pension in my medium risk pension) when I lost my job, needing to declare bankruptcy to keep my home; my mortgage company had ‘promised’ a loan modification when I lost my job, but it hadn’t been approved before another branch of the same bank foreclosed and purchased my home on the auction block.  I can’t tell you the devastation I felt, single mom, lived in our home for 9 years, facing the possibility of losing it because one branch of a bank wouldn’t ‘talk’ to the other.  It was maddening.

My parents also lost their retirement in mutual funds investing. No one was unaffected.

 

Retirement and Our Future

After speaking with several people who are ‘in the know’ and a pending recession and the good or the bad, I am a bit more relaxed.  Actually, the financiers who are in the middle of it are fairly excited.

“It presents opportunities which otherwise, aren’t available.”

Well, I believe this may be terrific for someone who has the margin to risk buying growth stocks or maybe a hot trend trade.  For me, I’m suspicious of large financial institutions. But little ol’ me, putzing around trying to make a nickel here and there and squirreling money as if it’s my life on the line (isn’t it?!!!). I fear to invest $15,000 in an agriculture venture outside the country or buying growth stocks for lack of trust in my own emotions.  

 

Me or a Financial Planner?

So, I’ve taken the steps toward enlisting a financial planner.  The company I write for is an extremely trusted ally of mine (I’ve purchased many programs from aa associated company) and quite frankly, everything I’ve read from them makes sense to me.  I’ve concluded, with some suggested financial help, the following path (also seconded by my go-to resource, AARP).

Go with what feels comfortable for you. It’s your money, and if you are concerned about your well being, then read, read, read! By doing this alone you will gain knowledge and satisfy your concerns, whether you take action or not.  

If you feel you can tackle this on your own, or just want to make sure you pick a great planner, take these steps:

 

Investment Investigation

 

  • Do some research into articles of money which are important to you.  Pick a few from the group, and read further articles from your sources.  Of these resources, pick one or two and contact them with your concerns.  You can also request a trial portfolio to see where your money would be invested and the returns/risks you may expect.
  • Also check out self-investing websites, if you are confident enough to go it on your own.  These would include TDAmeritrade (Scottrade) or Yahoo Finance.
  • There are many other resources you can read up on, including Investopedia, Simply Wall Street, or Yahoo Finance.  Most have a free trial period so you can see if self-investing is the path for you.

 

You Can Do This!!!

No matter your path, feeling better about finances and our futures’ stability is on all of our minds.  Some things are out of our hands, but some things are smack dab in our laps.  Take some time for you and your well-being, and brush up on retirement options, recession outlooks, and possible choices to avoid a set-back.  You’ll feel better about all the ‘doom and gloom’ talk while also knowing you are current and making wise financial decisions!

xo

Capri 

 

 

 

 

 

4 thoughts on “Pending Recession? The Good and The Bad

  1. I’ve recently started a webcomic. After viewing some of my favorite other webcomic sites I noticed that they had a ? in every comic posted. My questions are: Do you have to Copyright a webcomic? Is it as simple as just typing in a ? into every comic or do I have to register something somewhere?.

    • Hello Katteseng,
      I’m not sure about the process of a webcomic specifically, but I’d copyright the products if you don’t want to see it up somewhere else. Having a copyright in place gives you the right to protect the originality and use of your product, no matter if it is ‘written’ or manufactured. It is a small price to pay to keep your stuff unique and have the right to claim ownership if anyone else tries to steal the idea, concept, etc.
      Good Luck!
      xo
      Capri

  2. I want to know if I should do a trademark or copyright for the following…. . This pseudonym is used too make music (band) photography, writing and website. . . I want to own the name and also protect the work under it, what is the best way of doing this? Do I have to keep copyrighting individual pieces?.

    • Hi Billig kattehule,
      Actually, it depends on what country you would like to protect your work under. For the USA, you would like to copyright, trademarks are for a company image or brand. You can copyright each individual song (suggested, so future versions are protected), or you can copyright an album, but you would be limited to possible updates/changes down the road, such as bonus cuts, acoustic versions, etc. Check with the copyright department of the government body which handles your product, all the details will be listed there. If you need more help, contact our professional services under WritingbyCapri.com
      Happy Music!!!
      xo
      Capri

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