Rather than mourning the demise of my 401K, I’ve decided to put some positive spin on the economic collapse. I am a PR pro, after all. And a PR pro can always find a positive story if he turns over enough rocks. In my case, I simply looked in the mirror and counted my blessings.
5 positives I found in this recession.
My job is relatively safe. No job is totally secure in these times, but according to this story from MyEdu, education is rated the #1 employment category likely to endure these hard times. And there’s a bonus in it for me, since the #2 category is accounting, my wife’s vocation. This is such welcome news I’m thinking of buying a Hummer and extending my sabbatical until next June.
My university is in better shape than Harvard. Because Kent State’s endowment is under $100 million, we stand to lose a whole lot less than Harvard as the market tanks. Havard’s endowment is/was at $37 billion, and administrators there depend heavily on endowment income for operating expenses. Kent State does not.
My favorite local stock is such a bargain it’s almost free. So I plan to call my broker today and buy Goodyear. Unlike the banks and the automakers, Goodyear is relatively solvent (emphasis on “relatively”). The last time it hit $5 a share, I ignored the deal then watched the stock price rise to $30+ over the next 36 months. Goodyear can’t possibly go down. I mean, they have all those blimps.
My children are in great financial shape. Because my boys are 20somethings only now launching their careers, they’re in a perfect position to ride out this recession. Both are virtually debt free, and because they have no investments they have nothing to lose. Both do great work for relatively little money, thus they represent a bargain to their employers. It’s one of those rare times when being poor is an advantage.
It’s deer season in Appalachia. I leave tomorrow to catch opening weekend of deer season in New York State and will do the same in Pennsylvania on December 1. With a little luck and some good shooting, my boys and I will fill our freezers with a year’s supply of healthy, hormone-free red meat. If times get really bad, at least we won’t go hungry.
So as I head for the woods amid the worst economic climate of my 55 years, I remain upbeat. Join me, won’t you? Forget your investment portfolio and see if you can’t find five positive things about the coming recession — even if it takes a little spin.
If that doesn’t work, drink heavily. But not before you go hunting, OK?