What Does a Gorilla Do When The Economy Tanks ??
NOT PARTICIPATE thats what !!!
See.. now that banks are failing and credit is getting tight we have to make some tough decisions…
The market is correcting itself from the bottom up because clearly those at the top were unsupervised in the worst way!! I am a believer in the free market system and capitalism, but to whom much is given much is required. This is true all over the world. The Banking System is a house of cards anyway. The monies deposited into accounts is immediately used to invest worldwide in the financial markets with the hopes that a return will be made before you the depositor wants to withdraw more than 20% of it back out…wow!!
In this case (when all those investments (mortgages etc..) went bad all of the financial powers that be started to choke on bad paper (debt) and we all started to withdraw funds and so on and so on….
Now my Gorillas what are we going to do ? well you should immediately rid yourself of all of the debt that you can…if the repo man cometh hand him the keys you can always get it back in the future, do not fear. Research the biggest banks there are a few that will remain solid through this mess, here’s a hint (look for the ones that are buying the others) move your money to them and park it for a while..if you are a kamikaze type invest 30-40-% of it in the market and hold it into the forseeable future.
Blue chip stocks that have taken a hit will probably be a better bargain now and will go up eventually into the future…. save your profits from your business rainy days are ahead, you do not need that boat or that jet ski right now !!
Do not lower your prices hold steady if possible if you must go up do it out of neccessity to maintain your margins but not to gouge customers. This too shall pass and they will remember..
The Gorilla Speaks …………….80 pound chimp or 800 Pound Gorilla !!
Available this month OCTOBER 10th 2008
KT Jones www.thejamarketinggroup.com/blog