Sure, U.S. President Donald Trump is threatening the funding of Social Security and Medicare.
And research documents that more than half of us will be forced out of our jobs (more and more during COVID-19) and only 1 in 10 of us will ever make comparable money, at least not from working for income. Soft landings are so 20th century.
But, there is good news, for now, about our investment portfolios - and more.
Last week I made more from gains on equities in my Edward Jones account with Michael Hernan than I did from operating my two boutiques.
Earlier things were so good that I contacted Hernan to lock in those gains and sure, I would pay taxes on those which hadn't been housed in my Roth IRA. But even with that I created unexpected wealth. If I choose, I can ride into the sunset and semiretire in a few years.
This could keep up.
On MarketWatch, there is the opinion that the momo (momentum) mob could have the day. They are optimists about equities. They forecast the good times in equities will roll, despite the gyrations of external events. Among the signs of two chickens in every pot, for those who invested in equities, is that Facebook could take over the TikTok space. That will keep pulling up its stock price and with it the overall market.
Companies like Apple which are doing well seem able to sustain that.
Pockets of the legal sector are enhancing their brands. That attracts new lucrative business. For example, Paul, Weiss, through the vision of its chairman Brad Karp, has launched a presence in Silicon Valley. For those in the media who configure concepts about leadership in volatile times, Karp is the model to analyze.
Small businesses who have learned to pivot are scaling. Not every small business owner is on PBS tearfully recounting operating at a 10th of capacity or shutting down. Those I do marketing communications for have spotted the opportunity in the catastrophe. And exploited it.
And professionals predictably cut loose during COVID-19 times are regrouping. For instance, several lawyers I coached did forms of apprenticeships in marketable niches as a bankruptcy. At first, the compensation was peanuts or none. Now it's a fresh career path to travel.
Reflection: Adversity opens new doors. That bunch of misfits who couldn't make it in the old country - the Puritans - set up their own economic system in the new land. That became the most profitable economy for centuries.
The same goes for building brandnames. After he had been fired from Ford, the guy primarily known only for marketing - Lee Iacocca - went over to Chrysler. He evolved into a global folk hero.
After my industry collapsed post-9/11, I made it my business to parachute into digital. Me - an old-line print pro.
Coaching, lecturing, and writing/ghostwriting thought leadership content on human resources and careers.
For individual coaching – sliding scale fees. Complimentary initial consultation. The special area of expertise is the displaced over-50 professional. Please contact Jane Genova janegenova374@gmail.com.
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