profitable

Question from a reader:”Market is recovering.  I don’t trust it.  Kim, what should I do? Also, what is this about more unemployment?  I can see the stimulus isn’t working as fast as people thought.”

My answer is do your own due diligence, keep your money in cash if you are unsure about the future and remember that you should be writing your Congressmen, Governor and President to create more jobs – now!  Aren’t you tired of them saying that there will be more unemployment next year?  Granted it takes time to get the economy to recover but all branches of government, all political parties and all players need to know that without the average man or woman spending their money, the economy isn’t going to move.  How about creating some more projects like they did in the Great Depression of the 1930s?

Organizations like the TVA, Tennessee Valley Authority, were created to build dams and work on the infrastructure.  We need lots of those organizations created and going now.  In order for the Fed and the respective State governments to collect taxes they need the general population to be making income so that it can be taxed.  With unemployment looking at around 20% realistically – and maybe even higher – it is a tough way to squeeze blood out of a stone.

Okay, so listen up political leaders and get more jobs created at the grass roots level.  We all need to work and keep working!  Hello?  Is anybody in office out there hearing me?

Ahem.  Okay, back to the other part of your question.  My take is that we are in more of a continued sideways movement.  I am not an investment specialist and I invite and suggest you take my advice with a grain of salt but I am thinking that things will be sideways for awhile.  The doom and gloom people are predicting the next big drop – I think we will get one but not for a few months at the earliest and the Fed is optimistic that we are going to recover in the last quarter – I don’t see that easily happening either with so many people in American and throughout the world out of work.

Suggestions for things to invest in?

I would say you may want to check here.  I always get leery when everybody – pundits, the Internet alleged gurus and people as a group say something is going one way.  Bells and whistles go off in my head and I tend to look at things moving the other way – a contrarian point of view to be sure but I really believe that once everybody else is jumping on the bandwagon, in this high speed electronic age, the information is staledated.  I love that word.

 

Staledated goes back to the days – and still applies – when you would write a check and the check would only be good for 90 days and then have to be reissued because the banks wouldn’t cash it.  More times than not, if a bank teller – a human one – didn’t check the date, it would go through and still be cashed.  The check would go stale like bad bread.  You would have to issue another.

Internet information and investing advice is pretty much the same story.  With the speed that things change it is pretty hard to stay current or give any kind of suggestion that is meaningful for something other than a very specific time period and a very specific topic.  That works for me – it just means that you and I have to be willing to do a lot of our own research and not rely on other people’s suggestions, right?

Just like we are constantly retraining ourselves so that we ourselves don’t become staledated, we need to be reviewing fresh information and making realistic assessments of the business community’s future and our own financial future and well-being.  Not an easy task these days to say the least.

I also want to really stress that we need to get manufacturing back in the United States and get it going.  If you are still reading this and want some more ranting, I also think we need to get more natural resournces and start storing them here because China certainly is going after raw materials and storing them.

Here in California they have opened up for the immediate future some offshore drilling again or at least that is proposed as of the California State Assembly and their plans to balance the budget.  I am for it and sorry if people’s views of the ocean is going to look a little blotchy but we need to get things going.  Also, more money for solar initiatives would be appreciated.

Kudos to the companies that are working to get things solar powered in climates that support the heat.  For the places with wind, I think despite some people’s protests that it isn’t energy efficient I think it is a great way to start taking some of the energy pain off of fossil fuels and our reliance on things that may be harder to get in the future.  For now and the immediate future, the sun and wind are freely available.

Best of luck to all of us and keep the posts coming.  I am still working on my next book and I have some other plans for subsequent tomes.  Anything you want me to write about?  Post me a note and please let me know.

July 22 2009

Also, please  don’t quite go anywhere yet.  Having some tax issues or tax questions?  Any problems with trying to make it through the financial Depression we are in that is making you depressed?  Please read on.

I am expanding  my practice and taking on new tax clients.  If you are interested in having somebody who is a successful businessman and tax professional with integrity review your returns discretely and see if your tax guy or gal is doing a good or goofy job, please drop me an email or post a comment with your contact information and time.

I have experience in international business, small businesses, partnerships, multi-state tax returns (they can get complicated) and anything else you can probably think of.

I also do business consulting and have ran several businesses (still running a few) myself so you are in good hands.

If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book, Practical Money Making, that is listed right after his paragraph in this very post. There are some great suggestions and ways to survive the Depression we are in.

Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Interested in any of my books? You may want to make a stop over here. Please click through to purchase my books and some other interesting items that actually ARE on sale.

Have you read my book, “Bad Tax Idea, Good Tax Idea“? Please order it today. The tips inside can save you hundreds if not thousands of dollars! Tax planning should be done year round and not just two weeks into January or later.

Part of all the proceeds from the sales of that book go to Rett Syndrome research. One girl is born with Rett Syndrome worldwide every fifteen minutes. My daughter Arianna has Rett.

Kim Isaac Greenblatt

Market Strategies Jul 22 2009 and Create More Jobs

Tags: Business, staledated, unemployment

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