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The Rocky Boat: ‘Rock the

Boat, Don’t Tip The Boat

Over’ by Dr Joseph Blake Jr

In times of uncertainty, the financial markets respond in kind.

That means things get a little crazy. This is the time for one to
stop and take a deep breath, say to yourself ‘everything’s going
to be alright’.
The foundation to financial literacy refers to the ability of the

individual to gain access to economic information and make
use of financial concepts. (Blake, 2019, pg.61) Ideally, once

one acquires access to financial information which empowers

them with knowledge, the prudent resolve would be to take
immediate action to achieve optimal results.

How do I do that? Whenever the Take Action NOW! BIBLIOGRAPHY
market is faced with uncertainty,
volatility arises to the detriment of That means No Opportunity Wasted! Blake Jr., Dr. Joseph M. (2019).

the unwitting consumer. According to The Recession, or should I say, “Sale”, Joseph, Building Financial Literacy:

Anspach (2020), “Other bear markets, hasn’t arrived yet. Change the way Spotlight on Your Business.
as measured by the S&P 500, include:” you think. We are in the preparati on
(p. 1). phase and it is imperative that we re- Anspach, D. (2020, May 20). U.S.

evaluate our thinking. Look back at Stock Bear Markets and Their
2007-2009: down 59% over 27 months the price of stocks or mutual funds in Subsequent Recoveries. the balance,
1973-1974: down 48% over 21 months 2009 versus their cost currently. For p. 1. htt ps://www.thebalance.com/u-
1923-1932: down 86% over 34 months example, Amazon stock in June 2009 s-stock-bear-markets-and-their-
was $83.66 per share, now it’s $2,286 subsequentrecoveries- 2388520

However, immediately after the (Amazon.com, Inc., 2020) In 2009, Anspach, D. (Composer). (2020, May

down times, markets recover at an we were at the bott om of a major 3). S&P 500 Bear Markets [Web
astounding pace. For instance: recession, or you could see it as the Photo]. htt ps://www.thebalance.com/
heights of a premiere sale. What were u-s-stock-bear-markets-and-their-

• After declining 59% in 2009, the you thinking about? subsequentrecoveries- 2388520
S&P 500 roughly doubled in the
following 48 months The opportunity for a ‘Recession’, Amazon.com, Inc. (2020). htt ps://
or ‘Sale’ is upon us again, so what fi nance.yahoo.com
• More recently, the S&P 500 are you going to do? I’m not saying
bottomed out at 777 in Oct. 2002, rock the boat and ‘ti p’ the boat over, Dr. Joseph Blake Jr served 13 years in

only to recover a total of 34% over dumping everything into the river just the U.S. Air Force decorated with two
the following year. to cash in on a windfall. Step back, Achievement and a Commendati on
• In the year after the “trough” of the take a discipled approach, weigh Medals for meritorious service. He

bear markets since 1929, the S&P several opti ons, and make a choice. reti red as a Financial Administrati ve
500 has gained an average of 47%. The politi cal climate will eventually Specialist at the Dept. of Veterans
(Anspach, 2020) pass, just continue being safe in our Aff airs with a combined 20 years of

global pandemic and keep your eye on service to the Federal Government.

The majority of Americans wait until building fi nancial literacy. The future
the ‘coast is clear’ before making any of your children, and your children’s Dr. Blake holds a Bachelor of Science

financial decisions. In doing so, they children depends on it! in Business Management, a Master of

tend to miss the boat, sink a dream, or Arts in Organizational Management,
drain their hope of a monetary reality. It is ti me to be ready! Take Acti on and a Doctor of Management in

Focusing on the long-term is essential NOW! Organizational Leadership degrees
when facing a bear market. from the University of Phoenix. Dr.
Blake’s career as an Investment Advisor
Representative spans over 26 years.

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