Your Job

There are so many kinds of work that needs to be done and you are doing one of those jobs right now ? unless you are one of those two and a half million that have been laid off during the past 3 years. The press continues to blame China and India for stealing away all these forms of employment, but they don't have it right.

Many of the unemployed have been sent to train for new jobs and, unfortunately, the government in its infinite wisdom is training folks for high tech computer related work ? the kind that is being outsourced to foreign lands.

Have all those jobs gone to foreign countries? No. Many of them have been replaced by more efficient machinery or faster computers. They will not come back because they didn't go anywhere. They disappeared. You might want to take a close look at your own work. Can it be sent over the border to be done by someone earning one fifth of what you are being paid? Will improvements in technology someday replace you? The Wall Street analysts thought they were indispensable, but it seems that there are thousands of graduate degree stock analysts in India who are performing the same service for one fourth of the cost.

Suppose your job disappeared. What would you do? It is always smart to have a backup plan. Many people are going into business for themselves, but you better have a good size nest egg as it usually takes 18 months to break even and 85% of new businesses fail within 5 years.

If you plan ahead maybe you won't be out of work for very long and miss those paychecks. As "iffy" as our economy is today it would be wise not to wait until the axe falls.

One of the greatest sure things is the health field. With the boomers starting to retire in a few years a job in the health field should be relatively secure. These can't be shipped overseas. How about something related to the funeral business? You will want to think about any business where the work cannot be outsourced. Starting a business now that may take several years to start bringing in a profit in 5 years might be a solution. Is there a position that you have always wanted, but requires taking state or federal exams? Start now to study for and take those tests.

If you are required to start over you must be willing to work for less pay until you work your way up the ladder in the new profession. Don't wait until you are collecting unemployment benefits to start. Some people would rather sit at home than flip hamburgers at minimum wage. Can you stomach that?

Every day with the increasing advances in technology your job becomes riskier. Don't wait for the pink slip to start thinking about how you are going to pay the mortgage next month. Your job is any job you enjoy and at which you earn a decent living. Don't count on having it tomorrow; it may disappear.

Anticipation and planning are the watchwords so you will always be working and enjoying life.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

1-888-345-7870; al@mutualfundstrategy.com

---

Buy Low - Sell High

Now where have I heard that before? I know. It... Read More

Starbucks Stock is Up

Starbucks earnings are up again and so is their stock... Read More

How to Pick Winning Stocks

There is nothing more exciting than finding an undervalued stock... Read More

Fools Gold

The stock market has been in an up trend for... Read More

Oil Stocks As A Long Term Investment

The demand for world oil is increasing while world reserves... Read More

3 Components Needed for Beating the Market

Time to look back2004 is over, now we are in... Read More

When Should I Sell?

People are always asking me when should I sell my... Read More

Stock Market System ... ONLINE STOCK TRADING ... Beyond Day Trading Basics & Tips

Day trading is all about making buy and sell decisions.... Read More

Cash Is A Position

I go to the Money Show every year to visit... Read More

The Golden Goose is Sick

It is finally catching up with them. The brokerage companies... Read More

Investing in the Stock Market

From the book 'The Stockopoly Plan' by the author Charles... Read More

Whos Calling?

Its dinnertime and the phone rings. It's Joe Noname with... Read More

Catnip of the Stock Market

I have watched my cat play with a bag of... Read More

Investment Clubs

Because you don't feel too sure about which stock or... Read More

Trading Tips No 2: The Big Lie in the Stock Market

It is commonly reported that the stock market averages about... Read More

How To Make, And Keep, Money Trading Stocks

If you are serious about making and keeping money by... Read More

Commoditizing the world

Let's discuss commodities; with the latest Enron situation, it is... Read More

The 10 Commandments

Wall Street has been preaching for years and years to... Read More

Fake Money

Reach in your pocket and take out that big roll... Read More

NASDAQ 800?

In November of 2000 when the NASDAQ was trading at... Read More

The Club

Yesterday I received my monthly issue of MONEY magazine. This... Read More

Political Investing

We have two candidates for president that have really different... Read More

The Great Stock Market Secret

When the stock market is going up and all your... Read More

Trapeze Artist - Swinging with the Stock Market

When we go to the circus we see a trapeze... Read More

Buying New Issues

Has your broker been calling you recently with the "great... Read More

Understanding a Stocks PEG Ratio

A PEG ratio cannot be used alone but is a... Read More

Do You Know What is the Single MOST Critical Mistake in Trading the Stock Market??

Well maybe that's overstating it a little, but it's certainly... Read More

The Cub; II

We keep hearing about this bear market and that the... Read More

Stocks: Understand What You Buy!

"There is nothing more frightful than ignorance in action!" Johann... Read More

?Fears Only Enemy Is Action?

What a great statement!I just heard someone use it in... Read More

Mutual Funds: The Modern Den of Thieves!

Mutual funds were created with the idea that one person... Read More

Protect Your 401K

Checked your 401K lately? Going back to about a year... Read More

Trading For A Living

How many times have you said to yourself, "I'd like... Read More