3 Tips For Preparing Yourself – And Your Portfolio – For A Potential Recession
Economic forecasts for 2019 haven’t been the most glowing, and that has plenty of people worried about what a weak economy could mean for them personally, from job losses to a hit to retirement-savings accounts.
“It is true that we are in the late stages of the current economic cycle,” says Stash J. Graham, managing director of the Graham Capital Wealth Management (www.grahamcapitalwealth.com).
“The debate is about whether we will have an economic slowdown or an all-out recession.”
For those worried about what the coming months might bring, this could be a good time to take stock of your portfolio and perhaps make adjustments.
“Some of it comes down to what your life objectives are and what your risk tolerance is,” Graham says. “Are you the kind of person who can ride out a down market without losing a wink of sleep, confident that a rebound will happen eventually? Or will you be stressed out?”
Graham offers a few tips on how to start preparing your portfolio for potentially bad times:
Take a deep breath. People often let emotions rather than facts drive their decisions, Graham says. Many investors panic if they fear a recession, and they make changes that cause what would have been a temporary loss to become a permanent loss. Other investors are ruled by a different emotion – greed – and take chances that they probably shouldn’t.
Think long-term. Both recessions and recoveries come and go, so it’s always good to keep in mind that old phrase “this too shall pass,” Graham says. If you stay focused on the long term, rather than the moment, you may be able to avoid costly mistakes. This is especially true if you’re young and retirement is still decades away.
Reduce risk. Even the young and adventurous should want to make sure they have a sound investment strategy and aren’t just rolling the dice. Having a high tolerance for risk is one thing. Gambling away your future is quite another. So, before the next recession arrives, Graham says, examine ways you can reduce at least some of the risk in your portfolio. If you are already at or near retirement age, you may want to take the risk level down quite a bit if you haven’t already.
You don’t have as many years to recover before you start spending from your savings.
“It always important to remember that the answers about what to do with your portfolio won’t be the same for everyone,” Graham says. “Your personal circumstances should be the driving force, rather than what’s happening in the market on any given day. The right move for your neighbor or your co-worker isn’t necessarily the right move for you.”
About Stash J. Graham
Stash J. Graham is Managing Director of the Graham Capital Wealth Management (www.grahamcapitalwealth.com). He is a seasoned financial professional who holds securities industry registrations subject to oversight by the Financial Industry Regulatory Authority, Inc. (“FINRA”), having passed securities examinations which include Series 63 and Series 7. He is a State Registered Investment Advisor Representative in Arizona, Florida and Washington, D.C. He attended La Salle University, Philadelphia, PA (B.A.; M.B.A, Finance) and The Johns Hopkins University, Baltimore, MD (Master of Science, Finance). ===============
How Can Singles Looking for a Relationship Have a Great Valentine's Day?
Some people are perfectly content being single. But for those who are actively looking for a significant other, Valentine’s Day can be a frustrating and even depressing day because it reminds them they have not been successful in their quest.
To them, the entire world can seem to be full of happy couples in love, but this is because of their perspective. The same thing happens to people who are married and trying to have kids - to them, the entire world seems to full of happy couples in love who have children. Our perspective can make us see the world in a way that may not be entirely accurate.
“Don’t fall for the illusion that the world was suddenly overtaken by loving, happy couples eating Valentine’s chocolates, sipping champagne behind a silhouette of dozens of roses on an exotic island in a faraway tropical paradise,” says Tom Corner, a motivational speaker and author of Borrowed Eyes and Feet: Finding Enlightenment After Rage (www.tomcorner.net) “It is our perspective that can help us react positively to any situation.”
Corner says the one thing you don’t want to do on Valentine’s Day is be on social media.
“Social media on Valentine’s Day will erupt in an annoying frenzy of posts about love, couples and happiness! Yecch!” he says. “Not only is it full of messages for couples, but it is also not healthy for you to see your ex’s posts about his or her new love.”
Corner says many singles dread Valentine’s Day so they ignore it and then try to hide from the avalanche of television, radio and social media reminders of the date. He encourages them to make plans in advance, even if those plans are to stay home with a new novel or binge watch favorite shows.
“If you don’t make plans to do something, you may end up crying in your beer or glass of wine all alone,” he says. “And this simply stinks!”
Corner has these suggestions for singles who are looking to make Valentine’s Day plans:
● Host a Singles-Only Dinner Party or Night on the Town. Invite all your favorite single people and toast to your independence. Even better, a friend who happens to be single, recently took her friends out for Axe Throwing. (Yep, it’s a thing!)
● Pamper Yourself. Treat yourself to a haircut, beauty treatment, or massage. Splurge on something. Buy a nice piece of jewelry or purchase tickets for a future concert. Take a long bath, give yourself a face mask, paint your nails, or binge-watch your favorite shows.
● Cook a Romantic Dinner for Your Relatives. Your parents, grandparents or even an aunt or uncle you know may be spending the evening alone and would love to hear from you. Set the table, light candles, and open a good bottle of sparkling wine.
● Go to the Gym. My friend, previously mentioned, who recently broke-up with her boyfriend is putting together a CrossFit Workout of the Day (WOD) for Singles.
● Babysit for Friends or Relatives. Be the cool aunt or uncle: order pizza or make brownie sundaes. Being with children helps us connect with our inner child.
● Revisit Your Resolutions. Many of the previous ideas are wonderful in the short term, but what happens after Valentine’s Day is over? Why not spend time taking stock of your life up to this point? Why not pre-pave where you want to be in a year, or 5 years, or 10 years. How will your life look? Who will you be with? The more you visualize and write down how you see your life (love life) the more you will attract the love of your life. Ask yourself, “What will I be doing on Valentine’s Day next year?” and then plan for it.
Corner says with a little planning singles who are looking for a significant other can fill Valentine’s Day with meaningful and thoughtful activities. More importantly, he says they can change their perspective which will allow them to see their love life clearly this year and in the future.
About Tom Corner
Tom Corner, author of Borrowed Eyes and Feet: Finding Enlightenment After Rage” (www.tomcorner.net), is a writer and visionary leader who is a motivated professional with a lifetime of experience in the people business. He published his first children’s book in 2014 – List for Santa, List for Life! His follow-up publications include Positive Thoughts, Positive Life! Mommy Why Do You Have Two Birthdays? and Life is Fine, When You are Aligned! His hobbies include physical and mental health, nutrition counseling and spiritual and meditative arts.
----------------------
WITH CONFIDENCE
SHARE MUSIC VIDEO FOR
"ICARUS"
LOVE AND LOATHING OUT NOW
ON HOPELESS RECORDS
JANUARY 15, 2019 - With Confidence have released a new music video for "Icarus", off their recent album Love and Loathing, the band's second full length, out on Hopeless Records. Fans can check out the music video her: smarturl.it/IcarusVideo
Guitarist Inigo Del Carmen said, "The idea for the song "Icarus" came from the Greek Mythology story and is about a person getting caught up in their own glory, living selfishly and carelessly until they eventually cause their own downfall."
A few months ago, With Confidence shared the original music video for "Moving Boxes," and in June released "That Something". They also released an ASL (American Sign Language) music video for Moving Boxes late last year.
Love and Loathing was produced by Mike Green (All Time Low, Paramore) and is an album filled with soaring melodies and emotive lyrics, carrying you through first loves, blistering breakups and everything in-between.
With Confidence is Jayden Seeley (Vocals/bass), Inigo Del Carmen (Vocals/guitar), and Joshua Brozzesi (Drums). Last summer, the band wrapped up performing the entire last full run of the Vans Warped Tour and a full US co-headlining tour with Broadside and support from Sleep On It, and Small Talks. On February 15th, the band will embark on a full US tour with Set It Off and Super Whatevr (dates below).
The Midnight World Tour w/ Set It Off and Super Whatevr
Feb 15 - Hard Rock Hotel - Las Vegas, NV
Feb 16 - The Glass House - Pomona, CA
Feb 17 - The Catalyst - Santa Cruz, CA
Feb 19 - Hawthorne Theater - Portland, OR
Feb 20 - El Corazon - Seattle, WA
Feb 23 - In The Venue - Salt Lake City, UT
Feb 24 - The Summit Music Hall - Denver, CO
Feb 26 - Metro - Chicago, IL
Feb 27 - Crofoot Ballroom - Pontiac, MI
Feb 28 - Gramercy Theatre - New York, NY
Mar 2 - Mr. Smalls Theatre - Millvale, PA
Mar 3 - Union Transfer - Philadelphia, PA
Mar 5 - Grog Shop - Cleveland Heights, OH
Mar 6 - Mod Club - Toronto, ON
Mar 8 - Paradise Rock Club - Boston, MA
Mar 9 - Baltimore Soundstage - Baltimore, MD
Mar 10 - Blind Tiger - Greensboro, NC
Mar 13 - The Masquerade - Atlanta, GA
Mar 15 - The Abbey - Orlando, FL
Mar 18 - 2513 Deep Ellum - Dallas, TX
Mar 19 - White Oak Music Hall - Houston, TX
Mar 20 - Alamo City Music Hall - San Antonio, TX
Mar 22 - The Nile - Mesa, AZ
Mar 23 - The Roxy - West Hollywood, CA
Mar 24 - Great American Music Hall - San Francisco, CA
Love and Loathing is now available at www.withconfidencemusic.com
Love and Loathing Track List
1. That Something
2. Sing To Me
3. Moving Boxes
4. The Turnaround
5. Jaded
6. Better
7. Spinning
8. Bruise
9. Pâquerette (Without Me)
10. Icarus
11. Dopamine
12. Tails
For more information:
http://www.withconfidencemusic.com
http://www.hopelessrecords.com
Follow With Confidence
www.facebook.com/withconfidence/
www.instagram.com/withconfidenceband/
