With recent statistics indicating the possibility of an incoming recession, feelings of angst and fear have struck the public. Inflation is now at a four-decade high, considering that the Dow Jones Industrial Average is down more than 18% year-to-date and that the U.S. GDP shrunk 1.5% in the first quarter of 2022. Another alarming factor that has bolstered the risk of a recession is that the Fed’s hike this week was at its largest since 1994. According to Morgan Stanley chief U.S. equity strategist Michael Wilson, such a significant rate increase is enough to keep people up on their toes.
“The big discussion on the table right now is a recession. Over the last decade, we have seen massive growth in the economy since really about the time of the housing crash. However, now, the supply chain and inflation are causing problems which is an area of concern,” explained Sean, the Chief Executive Officer of DeMarco Enterprises International, Inc. and DeMarco Real Estate of Southern California, LLC. “Now is a great time to step back and make sure that what you are currently investing in is something that could be useful in the future,” he added.
At times like this, the importance of making good investments cannot be stressed enough. Other than investing in oneself, a person should also see to it that they are investing in the right relationships, be it professional or personal. With strong connections and a solid foundation, anyone is capable of facing any crisis head-on. For this reason, Sean K. DeMarco has addressed himself to the challenge of equipping individuals from all walks of life with the necessary tools and resources that would prepare them in cases of economic disarray, including a recession.
“Your first investment should always be yourself, then your relationships and people around you who you surround yourself with in both your personal and business life. Both are byproducts of each other. Who and what value do you, and who values you? “Once you invest in yourself, such as gaining knowledge and feeling more confident, you also need to invest in how you communicate. Oftentimes people do not communicate when things get rough. Which only leads to more problems.”
“At DeMarco Enterprises International, Inc. and DeMarco Real Estate of Southern California, we are always looking ahead. Which assets will prevail during and after a recession? There is always an asset class to invest in and money on the table,” DeMarco shared. “I am still very optimistic about the economy long-term. Crypto is not going anywhere. Gold will always be valuable, and people will always need a place to live. I am more concerned about people’s mindsets right now. It’s easy to make money, especially when we are in a bull market. The real concern revolves around keeping it through a bear market.”
At the heart of DeMarco’s purpose-driven efforts lies the belief that having an economy where everybody wins is possible. As one of the foremost advocates of facilitating success for others, the visionary made it his mission to help go-getters realize their goals and fulfill their aspirations.
Opinions expressed by CEO Weekly contributors are their own.