Fortunately, I will be concentrating on the positive here so my happy thoughts and big thinking rub off on my readers, clients, friends and family. There are many other ways to "reverse the curse" as Boston Red Sox fans still say one of them is to take constructive action steps to make the local community a better place. My idea is to always be part of the solution to the high unemployment rate here with my business, spending and investing.
Now, I want to let you in on my next step to support employment growth despite a stagnant economy, excessive taxation and regulation by the government. I'm no longer going to invest in the largest blue chip companies/stocks because that is where all the massive layoffs are coming from. This has been the case since 2007 and the short-term thinking from these bean counters is revolting to me.
From now on I am investing in America's smaller, growing companies that make up the Russell 2000 Index. I am going to do this safely with plenty of diversification by investing in IWO, the iShares Russell 2000 Growth Fund ETF, IWM and IWN (similar). I want to promote the growth of smaller American companies because that's where all the hiring is happening. I urge you to follow my lead with a portion of your portfolio too.
Let's give the Fortune 1000 companies our feedback on their persistent, massive layoffs while they enjoyed record profits since 2007. Apparently, their stock price is the only thing they really care about. Face it, these big companies are so cash rich
they don't have any worries. Still, when they layoff tens of thousands of ordinary working class folks at at time there is a ripple effect on consumer spending. All these professionals have families to support, mortgages and car loans to pay.
My simple idea is to give financial support/capital to the small to medium sized companies that are growing and hiring people. This way you still have a fine investment and they have the working capital they need to keep hiring. When we all support more small to medium sized businesses that hire more people, we all will see far better economy and gains in employment soon.
Another thing, continue that buy local/buy American campaign on all your purchases as well. We need to buy less products made in China, India, Pakistan, Indonesia etc., and buy more American made products and services. Don't be a willing participant in the big corporations efforts to ship more and more American jobs overseas. Look, we've had 5 consecutive years of massive layoffs by big corporations since 2007.
Isn't it about time you stood up to the heartless corporations that outsource jobs and layoff tens of thousands of people while they continue to make record profits? Wake up America! It is time to take action and bring jobs and prosperity back.
1. Sell ALL your big blue chip stocks (lock in 2012 gains now)!
2. Buy stocks of smaller companies in a well diversified manner
for safety like IWO, IWM & IWN (buy on dips).
3. Continue buying American made products and services.
4. Support your local farmer's markets (buy local).
5. Buy some physical gold and silver coins/bars to safely protect
your wealth from a falling US dollar.
6. Use human bank tellers, cashiers at ALL stores and insist on
real customer service people. Every job gives a family food,
shelter, clothing and dignity. It is time to do the right thing!
7. Like this blog/website on Facebook, and send your unemployed
friends to this website for free expert job search help and
Click on my eCard below to learn more about how I can help you.