It sounds a little like an old Johnny Carson bit, but you know things are really getting slow when burger and beer sales start to disappoint. With the U.S., Europe, and Asia all trying to juice their ailing economies, it's clear that the era of slow growth is more than a passing trend, despite the fact that corporate profits continue to come in at or near record levels.
It's a predicament that investors of all sizes must contend with, and for our next installment of Investing 101, we've brought in Jerry Webman, chief economist at Oppenheimer Funds and author of the new book MoneyShift, to take a closer look at how you can prosper under these circumstances. We've compiled a list of five key things you need to remember to make money in a slow growth environment.
Know Your Needs: At one point in your life, you may have teased little old ladies who dipped their toe in the pool before taking the plunge. However, Webman says investors should do the same thing, no matter their age or the water temperature.
"Start thinking about your needs and objectives before you invest," Webman says in the attached video, adding that you need to know how much money you are able to put at risk before dipping that proverbial toe in the water.
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