Well, most of the world has been worrying over the current economic situation. Not that it’s not a worry, but it’s a worry that we can’t do much about... The sky isn’t really falling and we will eventually muddle our way out of this, individually and collectively. But lately I’ve been thinking about it this way, and oddly enough it’s a piece of literature that taught me this little bit of advice, but it seems to be accurate. In Gone with the Wind, Rhett Butler said that there were two times to make a great fortune, during the building up of a society and during its downfall.
Now, obviously, the current economic crisis is not equal to the devastation of the civil war, but theoretically it is sound. Look how many people made their fortunes from the building of technology, during the rebuilding of society after World War II, and so on. So, what I’m thinking about is looking into stock trading. I don’t claim to know much about it, but logically I do know that many stocks have fallen to prices we haven’t seen since the fifties. Theoretically, I could find an online broker, invest a little money, little enough that it won’t kill me to lose and that I won’t have to touch for the foreseeable future. Providing the companies I pick don’t flat out close, when the economy rights itself, it should bring back a good return on my investment.
Like I said, I don’t know a great deal about online trading, but I think, so long as the principal I invest is low enough that I can live with the loss, it may be a good time to learn.
How about you guys? Is the economy shaping any new investment ideas for you? Is it changing the way you write or look at your savings or budget your groceries? And is that all bad or can you see some good coming out of this in the long run?