What Does 2019 Hold?
It’s been just over 10 years since the stock market collapse of 2008 which lead to the worst economic crisis since the Great Depression. So when will we return to the glory days, or is this the new normal?
From my perspective as the years of poor economic conditions have rolled on, it has become more and more obvious to me that those who keep looking for a return to better economic times will continue to miss opportunities in the present, be constantly waiting for a lower risk environment to invest, and always looking at the “glass half empty”.
This doesn’t mean you that you ignore the economic conditions and invest regardless. It means that you accept the conditions as they are, understand the risks as they are now, and understand the financial parameters within which markets work now. You then adapt your business, for whatever financial capacity you are at, and look for opportunities that fit within your capabilities. Of course it means opportunities are much harder to find…but it is what it is, either work with it, or give up.
It also doesn’t mean this is the new normal. Markets will change and economic cycles will continue. It simply means that for the time being this is how the world works and if you don’t adapt financially and mentally, then you’ll always be waiting, and you’ll be missing opportunities in the now.
John Rosel