Today’s post was donated to our blog by my friend and colleague Woody Derricks, who is the president of Partnership Wealth Management, based in Baltimore, Maryland.

Woody offers monthly teleseminars on a range of financial topics and he’s licensed in many states to offer financial assistance.  Partnership Wealth Management’s complimentary July Webinar will be held on Tuesday, July 13, 2010 (12 noon – 1:00pm EST) and will focus on Women and Investing.  Please call Loury Davis at 410-732-2733 for more details and to reserve your space today!

You can also check out Woody’s website by clicking here.

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Okay, here’s Woody’s article…

Market Pullback – Not a Financial Crisis

By Woody Derricks, President, Partnership Wealth Management
410-732-2633

On Thursday, May 6, 2010, the stock market, as measured by the S&P 500, expanded its recent pullback (more…)

In times of uncertainty we can bring back the integrity of our lives.
-  I saw this quote today on Tony Robbin’s twitter page.

As another day passes and we hear more ‘doom and gloom’ from our TV’s, the internet and such, I believe this is one of those times that we will look back upon as a time where we became more loving, yet strong souls.  Indeed, in our parent’s times, perhaps they referred to times like now as

Make it or Break it Time

We’ve certainly now begun to see (and many of us have begun to experience) the ‘barren soil’ and dying vegetation that has come from ‘irrational exuberance’ and, perhaps, a type of greed and lack of accountability that has characterized our political and economic systems in recent years.

While all of us no doubt have been touched to some degree by these elements, I want to remind you that these are times where it is possible for us to become stronger, especially emotionally and mentally.

Mentally and emotionally, you ask?  “How can I feel more confident when I’ve lost my job and I don’t where my next mortgage payment is going to come from?”

Times like these are the ones that make us stronger, if we choose to reach down inside and find our brilliance.  That’s right…

While I am more liberal than conservative (I really hate both terms), I am also more conservative than liberal (figure that one out)!  What this means is that I tend to agree with those who say we’ve all, as a society, gotten away from cultivating the ‘higher’ aspects of our character.

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There is a clever, national event being planned that you might want to learn more about. An event, my colleague, Justin Nelson, over at the National Gay and Lesbian Chamber of Commerce, says is unlikely to be successful because of logistics AND could actually be a detriment to GLBT businesses that close down for the day to participate. He’s also concerned that a “failed boycott would send the wrong message on economic clout and community solidarity, not to mention asking LGBT business owners to close their doors only diminishes their returns.”

What do you think? Is it safer for purchasers to participate? Can you afford to be absent from work that day to participate? Would you be in danger of losing your job and if so, how does that affect your decision about whether to participate or not? If you are a GLBT-owned business or business that specifically serves the GLBT community, what is your take on this issue?