How can I make more money in this down economy?
By Sourceseeker
@Sourceseeker (1197)
United States
July 6, 2010 10:58pm CST
This economy has been hurting. I have lost almost 300 dollars in my stocks in the 3 months. What is the problem in this economy? Is there too many people? Are there too many Illegal Aliens coming in that is causing this? Do we need to have a war and a draft?
Compared to some others Im doing very very well but will things still be ok in a year, in five years.
This month jobs have been increased by 650,000 jobs. But critics say that most of those jobs have come from government census jobs that are just temporary. Critics say there have not been a significant amount of jobs started in the private sector.
However, the President will point to jobs coming from new green jobs in a stimulus related intiative. He will also point to new supergrid jobs. If your an optimist you believe that things will get better.
7 responses
@seberoteb (26)
• Indonesia
7 Jul 10
why should we fear to face the economic crisis. they are many ways that can be done. one of them is investment in my country. low cost, big profit.
@Sourceseeker (1197)
• United States
7 Jul 10
Investments always can have a up and down possiblity. Investments by their very nature are speculative. You can possible gain lots of revenue or you can possible lose your money.
Of course everyone says to diversify your investments across sectors. My stocks are well diversified but they still took a hard hit.
I have banking, haelth care, security, internet and oil and technology stocks. However the market has been hit hard in all sectors.
Real estate has been hit hard, the automotive industry has been hit hard although it is now starting to recover and is starting to flourish.
In the economy there are no guarantees you got to just keep fighting and persevere. Those that persevere will see the doors eventually open up.
@jamed28 (1903)
• Philippines
7 Jul 10
Illegal immigrants may be one reason of this economic crisis but it is not the the major cause. The economy may be down, but don't let this be a hindrance for you. Just be thankful you are in the US and not in a third world country where economic crisis is a daily scenario.
@ehsanji (503)
• Pakistan
7 Jul 10
As long as the immigrants are working, and doing the same as a citizen of that country does, that illegal immigrant isn't a danger for the poor economy. Because after all he is contributing somehow to give something back to the country. All the news about the economical crisis that we see on TV is part of their games, those wolves sitting in there and drinking our blood. As long as you produce things, utilize them, and live your life, economy is all okay, and we have it.
@faisai (1138)
• Hong Kong
9 Jul 10
Correction is under way as there are really plenty of big mistakes the world has made before. It is not likely that we can see a growth like a few years before very soon because people are now more cautious. Even when there is some light, they get suspicious on how long they can last instead of actively engaging in the growth resulting in the light dimmed.
I do think that the economy will be back on track but it just take more time.
@randylovesdar (4932)
• United States
21 Jul 10
I do not see the economy getting better either. At first I could not get a job because I did not have a college degree and now I cannot get a job because I am over qualified because I do have a degree. It is so hard. My husband's boss is an idiot and keeps telling my husband that he can only work three hours a day and if things do not get done then he needs to stay and work for free. His boss also has been crossing off hours on my husband's time sheet after he turns it in each pay period (which later on I found out is illegal).
I am hoping to get into doing some crafts and selling them online soon in hopes that it will generate some extra income. I have a couple of ideas that are not too expensive to make and I think they will sell easily.
@seberoteb (26)
• Indonesia
8 Jul 10
there are some industries in indonesia affected by economic crisis. but many are not affected. garment industries are affected by the impact of economic crisis. i have quite alot of managing other people money. and they are satisfied with me. do not hopeless. arose!! there is still hope for us.
@christiana81 (717)
• Romania
7 Jul 10
hello sourceseeker!To make money is for me nerly imposible! the economist said the problems are the credits but now i dont know enyone to make a credit. In my country there are a few jobs... and with a few money. So, hope for better times!
@LBKing2584 (84)
•
7 Jul 10
I do think things will get better you have to be patient thats why we were all taught to save for a rainy day, now given we have had many in a row, things will get better, remember that the president got a country in bad shape and he told us all this would just get the wheels turning now with that said you know its going to take time like with all things.
