Archive for March, 2009

So how do you opt a career that’s right for you during a recession? Here are some recession-proof careers that are worthy of consideration:

Education

There’s a great shortage of teachers. No matter how down the economy is, teachers will always be in-demand. Children will continue to go to school. Also, lots of unemployed adults might decide to further their education. Although teaching isn’t among the highest-paid careers there’s, making only about $30,000 to $45,000 a year, people will still settle for a career that doesn’t earn more because they’re tired of being unemployed for a long time. This is especially true for those who’d wish to try something new anyway or those who despise the roller-coaster ride that a corporate life offers.

Healthcare

Job hunters with Information Technology background are said to be a good fit to the healthcare industry – particularly nursing. This is because Nursing is an information-driven career. And, it’s one useful career during a recession because healthcare is an industry that doesn’t usually get affected during these times.

Auditing
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Anti-Recession Tips

Here are some anti-recession tips you might wish to consider:

Aim for quality.

If there is one thing that markets abhor, it is uncertainty. This is especially prevalent in the way investors behave when faced with companies that produce predictable figures. This is also the reason why investors are loathed to take chances on companies that do not perform as expected. These companies are usually the small ones, ones that require investors’ faith the most.

To begin shoring up your portfolio, try to avoid companies that will rely heavily on you, the investor. It will be easier for you (and safer for your investment) to rely on companies that more or less show predictable growth because this points to better earning quality. Opt for these companies instead – these are normally large firms, big players in an industry that have proven staying power regardless of the economy and have plenty of money to continue to run, do business, pay debtors, produce and make their investors happy.

Invest in health care.

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