Share to Twitter Share to Linkedin Key Takeaways The possibility of a recession seems to be hanging over our economy like a dark cloud. Although most stocks are more volatile during a recession, some industries tend to perform better than others in recessionary times (see list below). Prepare for the possibility of a recession by investing in resilient industries. As we head towards 2023, many experts are predicting a recession on the horizon . Even though the experts can’t agree on whether or not we will see a recession, many are predicting at least a slowdown in economic growth. When a recession is on the horizon, investors can’t help but wonder about the best options for their funds. After all, an economic downturn doesn’t impact all investment opportunities in the same way. But knowing what to invest in during a recession is easier said than done. Luckily, we’ve got you covered with a breakdown of solid investment opportunities … [Read more...] about What Does A Recession Mean For Me? And What Are The Best Places To Invest Money Right Now?
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Press Release For many people, Phuket is the first place they think of for a tropical island getaway, and rightly so, with its amazing beaches, incredible scenery, fabulous weather and delicious exotic food, Phuket has something for everyone. For some, sunbathing on one of the white, sandy beaches sipping on a freshly cut coconut or enjoying a tropical Sabai Sabai cock tail is the perfect holiday, for others exploring the weekend street markets or island hopping to some of Phuket’s amazing neighbours is the ideal way to spend their holiday in Asia. For anyone visiting Phuket – Thailand, whether it’s for a weekend getaway or a family vacation, you’ll want to know which are the must-visit islands when in Phuket , when is the best time to visit, which are the best boat tours in Phuket and how many islands and places can you visit in a day’s trip. We’re here to answer all those questions. Image via Phuket Sail Tours Some of the must-visit islands in … [Read more...] about Best island boat tours from Phuket – must-visit islands and unforgettable experiences you should not miss out on
Share to Twitter Share to Linkedin Getty Royalty Free Getty How will the legal industry be affected by the next recession? The thought came to mind several times recently as the stock market recorded its worst December since the Great Depression . Stocks have rebounded during the early weeks of 2019, but political turmoil at home; Brexit and its chaotic implications for the UK, Europe, and beyond; the slowing Chinese economy and the threat of a U.S.-China trade-war; and other destabilizing factors remain. So too does the question of what happens to legal providers when the other shoe drops again. The Impact of 2008 One way to predict the future is to examine the past. How was the legal industry affected by the events of 2008 and its aftermath? Ten years after the collapse of Lehman Brothers and the global financial crisis it precipitated, the contours of today’s legal landscape remain superficially similar to the pre- 2008 marketplace. … [Read more...] about How Will Legal Providers Be Affected By The Next Recession?
Monasteries and fortresses dot the recently reopened Trans Bhutan Trail. (Photo by Ken Spence) With its golden-roofed temples, magnificent monasteries, and stunning mountains, Bhutan was always a great vacation spot. Now this magical Himalayan country has opened a hiking trail for the first time in 60 years. The Trans Bhutan Trail traverses the country, from Haa in the west to Trashigang in the east (near the Tibet border) and spans 403 km. Along the way are pristine forests and breathtaking scenery courtesy of the remoteness of the trail. The sights, combined with the history of the trail, make it a perfect destination for a lovely adventure-filled vacation. The backstory For hundreds of years, the Trans Bhutan Trail was key for monks, traders, soldiers, messengers, artists, workers and tax collectors who used it for trade, pilgrimage and communication. Garps or runners populated the trail to move mail and messages, and Dzongs (fortresses) were built along it to defend … [Read more...] about Trans Bhutan Trail: How to get there and what to expect along the 403 km trekking trail
Dubai Desert Safari Experience – The United Arab Emirates’ metropolis of Dubai is well-known for its opulent resorts and hotels. Dubai, which has some of the most stunning deserts in the world, provides enjoyable experiences like desert safaris, which are ideal for people who want to get a taste of the city’s adventurous side. The various Dubai Desert Safari tour options are available to tourists. These excursions range from the opportunity to watch the setting sun over the desert to visits to camel farms. Visitors can go sandboarding or quad biking on some safaris. You can be sure that no matter what kind of safari tour you select, you will have a fantastic time since you get the chance to indulge in some of the best things to do in Dubai . The golden sands of Dubai offer a distinctive experience of Desert Safari and are usually found on the outskirts of the city. The last thing you should consider is travelling to these locations since your tickets already … [Read more...] about Exotic Dubai Desert Safari Experience
Share to Twitter Share to Linkedin Rich Kinder, 2012. (By Matt Hawthorne, for Forbes.) After 18 years at the helm of the pipeline giant that bears his name, Richard Kinder is stepping down this summer from his CEO position. To commemorate the occasion, Kinder agreed to sit down for a kind of exit interview. We discussed his legacy, the importance of learning from history, and his thoughts on where the energy industry stands today. This Q&A has been edited for length and clarity. Q: That bust of Winston Churchill is in a prominent position on your desk. What's he mean to you? I've always had that bust. In my view he's a real leader. Probably the greatest person of the 20th century in in terms of the direct contributions of one individual. If he had not been in the place he was in May 1940 I think other leadership might have struck a separate peace with Hitler and the whole world of history would be different. Without the U.K. we … [Read more...] about The Interview: Billionaire Rich Kinder On Leadership, Legacy And Energy Security
Share to Twitter Share to Linkedin Warren Buffett's lesser known right hand man Charlie Munger once said, “If you’re going to invest in stocks for the longer term, there are going to be periods when there's a lot of agony. I think you just have to learn to live through them.” The Pump & Dump The last ten months have been very rough to say the least if you are a stock investor. The S&P 500 Index is down 22 percent year to date, but that isn't representative of the base of the 24 million new investors that have come to the market in the last two years. Many popular held stocks are down a great deal more and the technology sector has been decimated. Investors have been heavily selling off growth businesses on the theory that the companies that performed best during boom times will be disproportionately affected by the rising interest rates and inflation we are now enduring. The NASDAQ is down 30 percent year to date. We are having a very … [Read more...] about Wealth Can Be Created On The Way Down In The Stock Market. It’s Just Not Obvious. Here’s How.
Share to Twitter Share to Linkedin On Sept. 20, Aaron Judge ignited a captivating five-run ninth inning with a 430-shot into the left field bleachers. The blast gave Judge 60 homers and shortly after he hit it, the belief was how far beyond 60 would the slugger actually go, especially when Giancarlo Stanton could hardly hide his enthusiasm for the potential of Judge’s final total. “I think there's no limit and there's no jumping the gun. It's one at-bat at a time, one pitch at a time,” Stanton said nearly two weeks ago. “When he gets the next one, he's going to go on to the next one, the next at-bat. As the distractions and everything else come to him, that's where he has to be more efficient and just be ready for what's coming." Nearly two weeks later, the answer at the moment is one more and the conclusion from constantly being around for the postgame answers of pitchers facing him, especially in the eight home games since his 60th homer, the … [Read more...] about As Aaron Judge Pursues History, Opposing Pitchers Try To Dodge Becoming Trivia Answers
Share to Twitter Share to Linkedin Per, Founder/CEo of Sjofors & Partners is called “The Price Whisperer” and THE thought leader on using price for higher growth & profits. In my opinion, most companies use a too-simplistic pricing strategy. It may be cost-based—i.e., the company calculates the cost of a product or service and then adds a margin on top to ensure that it does not sell at a loss. Different industries typically use margin uplift based on a rule of thumb in their industry, and companies also apply that margin uplift equally to all their products or services—irrespectively if they are commodities or unique, differentiated products or services. Or, companies try to find out the competition's price and then use that as a reference. Finding the price might be possible if the competition has its prices available online or on store shelves. If not, it can be almost impossible to obtain the competition's price. And even if the … [Read more...] about Putting Pricing Strategy As A Centerpiece Of Your Business
Share to Twitter Share to Linkedin I have been exposed to lots of interesting business leaders over the years. The difference between the average ones, and the great ones, was how they viewed themselves, and the role they thought they needed to play within their company. My conclusion: the persons that saw themselves as the smartest guy (or gal) in the room, who needed to control all the decision making in the company, are the ones who achieved the least success, and ended up alienating their peers the most. Allow me to explain further, so you don’t repeat these same mistakes. The Smartest Guy in the Room—Meet Bob Meet Bob, the CEO of hypothetical ABC Corporation. There is no one in the company’s opinion that he values more than his own. He doesn’t trust his staff to make the tough decisions. He loves to hear himself talk. No new ideas are good unless he came up with them. He loves to micro-manage every decision. He pretty much “knows it all”, regardless … [Read more...] about Don’t Be The Smartest Guy In The Room