Ian Royle

These recessionary times we are experiencing are unlikely to have a tremendous effect on the younger generations.  Those being gen x and below.  Since we aren’t planning to retire in the next few years what we have is a great opportunity for bargain hunting.  By picking up the stocks and investments that have been discarded from portfolios to pay for losses incured in high risk mortgage investments the preperation is made to be able to cover the debt incurred to own them free and clear quickly, since in most cases now these assets are changing hands far below their value.  The more quickly an asset is free and clear the sooner it begins to take care of it’s owner.  Even the older generations who are not heavily leveraged should be digging around amongs the offerings in this world wide stock market rummage sale.  These times don’t last forever and they don’t last long.  And unlike a labour day sale where yesterday’s style choices are blown out to make room for the next fad, good assets like stocks and real estate never go out of style.  I hope that you recognise this is not a catastrophe.  It is the creative destruction that takes place before you rebuild.  Take hope, take control of your budget, find a place to make changes to save money, open up an online trading account and start hunting for good strong companies and buy them.  It’s a simple plan.  But it is a plan.  Most people let events happen to them and without having an idea of what they will do, they haven’t got a chance to make alterations that will take them to a goal.  Having any plan means that you have an idea where you are going and how to get there.  That also means that you are able to take action when things happen to thwart your plan…since you actually have a plan to be thwarted.  But without a plan, this time of opportunity will pass you by.