You can almost hear the wallets snapping shut. Folks are cutting back on their spending every way they can. According to those who know, we are either in a recession, or are about to be. I would hate to be trying to sell real estate or new cars right now. Talk about hitting your head against the wall. Ouch!
That got me to thinking of what businesses make sense during a recession. Certainly health care does. Baby boomers are going to need every kind of health care imaginable. For all I know, economic bad times makes people sick too.
Other types of businesses that should be recession proof include vital home repairs, like plumbing, electrical, and roofing.
Folks can’t put off fixing a clogged toilet or a leaking roof just because they’re a little short on cash.
And you know what they say about death and taxes. A well-run funeral home or a tax consulting business shouldn’t be hurt by an economic downturn.
But all these jobs require training, and even certification. And that takes time. By the time you’ve learned one of these trades, the recession may well be over. That got me to thinking about one business that’s truly recession-proof, and you can get started almost immediately: Day Trading.
Day Trading refers to the buying and selling of stocks within the same trading day. I know what you’re thinking: how can a day trader be successful when the stock market is down, day after day? Well, day traders profit from volatility - when there are big swings in stock prices, there is money to be made.
It used to be that Day Trading was only done by financial institutions with access to technology and information. Now, almost anyone with Internet access can become a day trader, if they know what to do.
Manny Backus
Day Trading Pro
P.S. It was another great day at First Hour Trading… We bought AMGN right after the opening bell and sold it about 10 minutes later. A fellow member made $1,534 on this trade alone!
Sign up for a 30-day trial here:
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