Robert Toth, Senior VP of Tri-Star Financial on Staying Above the Financial Fray!

The steady stream of negative effects from the global economic crisis has quickly become a deluge that is now sweeping across towns and cities nationwide, leaving too many individuals without jobs and too many investors with assets under water. The volatile economy has eroded confidence, as average American consumers do not know where to make sound investments or even how to secure their careers. Yet experts like Robert Toth, a Senior Vice President of Tri-Star Financial and a career success story (he’s been an IT systems analyst, medical doctor, attorney and investment advisor) confirm that with the right knowledge, strategies and commitment you can build secure investments and a strong career for yourself, even during a fierce economic storm.

Finding the Silver Lining by Following Your Passions

Even with gloom-and-doom employment statistics, remember you are only looking for one position, so try to focus on your own potential and on building success in the career you want. Regardless of where you are in a career or job search, tap into your intuition, intelligence and knowledge of yourself to discover the interests and passions that will get you excited about moving forward in your career. Dr. Toth noted that following intuition and passions can often lead down several paths, all of which can offer rewarding experiences by providing variety, challenges and possibilities for learning. In any career it is critical to regularly seek new educational opportunities that keep you on a learning curve so that you remain at the top of your field. Resources like Job Search: The Total System provide a complete framework that includes advice and resources for developing and executing job search campaigns and advancing to the top of your career. When you are searching for a job in tough economic times, it is especially important to have a system in place that will allow you to capitalize on your skills and knowledge and effectively market yourself for your next career. A completely integrated, step-by-step process of building resumes and letters, networking and interviewing, will build confidence throughout your job search. Then when you obtain that better job for better pay you will have even more confidence and leverage to weather the economic storm.

Investment Advice for Uncertain Times

In addition to building your career, learning to invest wisely will help you through tough economic times. Countless theories are circulating about the investments, lending practices and business deals that led to the current global economic depression, but today’s problem is a complete lack of confidence in investments, the market and the overall economy. But there is hope: according to Dr. Toth, individuals can still make wise, secure investments with the right research, guidance and diligence. He noted that many investors run into problems because they deceive themselves and fail to do the right research to back up their investment decisions. Dr. Toth advised getting to know an investment broker and firm that you can trust in order to find out what they can do for you. Full-service broker dealers like Tri-Star Financial specialize in products that protect an investor’s principle until it reaches maturity. Tri-Star’s investments are also often backed by the U.S. Treasury Department, giving them added security. Unlike stocks, which are inherently volatile, Tri-Star’s products do not carry the risk negative returns, and they protect principle balances. Firms like Tri-Star also employ separate clearing firms that provide additional protection and oversight on clients’ investments. Dr. Toth advised against investing in stocks if they are going down, and instead suggested investing in invisible assets like life insurance, government bonds and securities outside of municipal bonds, like IRAs. These investments are by nature more stable, and in a case of liquidation investors can at least secure some kind of return.

It is important to remember that in a global economic recession there are ways to protect – and even grow – your career and investments. Researching, strategizing and learning about how to market yourself and secure your investments will help you persevere and grow in tough times. Your hard work will also empower your future so you can reap fruitful rewards as the economy turns around.

For more from Dr. Robert Toth, listen to the entire show.

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