Finding the Silver Lining in a Faltering Economy

Kelly Ann Butterbaugh

I remember the morning when I watched the stock prices scroll across the bottom of the TV screen while I was watching the weather forecast. It was 5 AM, and I wondered if I was watching history happen; every stock was preceded by a red arrow that noted a drop in its value. It may not have been the landmark day of 1929, but it was close.


For those of us who are fortunate enough to have jobs, stable mortgages, and some minor senses of stability, we're maintaining. It's not a time to play with our money or make risky decisions. Yet, a few experts are reporting that it is a time to take advantage of the weak economy.


Really, it's not what most of us are thinking about right now. However, it is a good time, according to financial experts, to invest in stock. The prices are low, and history says that they will pick up again. Once highly priced stocks are now a bit more reasonable, opening the stock investments up to those who don't have thousands to invest. If you've always wanted to try stock, it might be a good time to try it. Be aware that the economy must show an upswing before your stock will pay off, but with patience you may see returns. At the very least, your stock probably won't see another sudden drop; it's already at a low point.


For those who hold 401K investment plans that are mostly invested in stock, stay there. The quick rush of rats to abandon the sinking ship is over. Those who ran the mooring lines and left the ship early enough may have saved money, but now that the stocks fell the ship has sailed. Investors suggest that you now wait it out; wait until the ship docks again and you recoup some of your money before scampering out of your investment.

Get It While It's Cheap

That's the slogan these days. Statistically, stores are advertising more frequent and better sales in order to recoup their costs. If there's something that you've had your eye on, especially a luxury item, this is the time to grab it. If you're looking for a new suit, it would be wiser to purchase it now while prices are lower than waiting until the economy picks up again.


Electronics are also seeing a drop in price; big screen TVs, and video systems are on holiday sales before the holiday shopping season. It's supply and demand; the demand for luxury has fallen along with the economy.

However, know your budget. Purchase these items only if your budget can handle them and you're one of the lucky who can afford them. Don't buy items on credit and don't empty the bank account to purchase them. Shop wisely, and you can take advantage of the hard times.

Cash In

I don't like to take advantage of others' misfortunes, but cars are repossessed whether I buy them or not. Repossessions are high right now as are trade ins.

Those who once drove gas guzzling vehicles or luxury sedans with high monthly payments have opted to trade in for more reasonable cars. In steps the weekend camper who is in need of a heavy duty truck at a low price. Today's the day to find it. The business who needs a company car for clients and sales calls can pick up a luxury sedan at a good price as well, either on trade in or repossession resale.


Hold On

These days we walk with careful financial steps. Maintain some security while looking for ways to bring a little bit of good from the bad. Remember those who aren't as fortunate, and hold on for the days when the economy once again becomes healthy.

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