The 1987 stock market crash took place 30 years ago this week. October 19, 1987 was Black Monday. Dow Jones plunged 508 points. That was 22.6%. Two months earlier, the market had peaked. But the market had been experiencing wild day-long swings since that time. Without warning, the market suddenly did a nose dive and even blue chip stocks fell precipitously. Market veterans say people should not become complacent with the current preternatural calm of today’s booming market. They say it’s not if the market will crash again, it’s when. So investors would be wise to prepare.
The best investors don’t wait for bear markets to occur then react. They anticipate them and prepare. While the market is high, they emphasize quality stocks, allocate their assets properly, diversify broadly, use trailing stops and hold a good portion of cash. The cash doesn’t only lessen downside risk, it also positions them to take advantage the next time there is a bear market.
Companies like the Oxford Club can help. An international private network made up of investors and entrepreneurs, the goal of the Oxford Club is to help its members make and protect extraordinary wealth. For over two decades, no matter the market conditions, the organization has done exactly that. They do thorough research into hundreds of investment opportunities, select only the ones with the lowest risk and the greatest profit potential and then recommend those to their members.
In 1999 The Oxford Club founded its educational arm called Investment U. Through Investment U Daily, its free e-letter, as well as videos, courses and conferences, The Oxford Club helps investors obtain true financial freedom. They call the idea “liberty through wealth”. Investment U Plus, their daily newsletter’s premium version, offers subscribers actionable stock recommendations from their renowned market experts.
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Rick Smith was appointed the CEO of Securus Technology in 2008 and quickly worked his way to being the company’s president in 2009. His rich experience and determination to work have contributed greatly to the fast growth of Securus Technology. For instance, overseeing the initiative to invest more than $600 million in improving their technologies and hiring staff to deliver their services efficiently.
Securus Technology is a company that was established in 1986 with the aim of providing up-to-date technologies to various correctional institutions across America. The company has technologies that can detect and prevent crimes from happening and also helps law enforcement officers gather evidence to be used against criminals. The company provides over 1 million inmates under its program with services like providing them with money to buy basic needs as well as voice and video call services so that the inmates can connect with their families. Securus Technologies is keen in making the life of the various inmates as comfortable. Read more on PRNewsWire.com.
Rather than contracting, Rick Smith Securus prefers employing the people to work for him. He believes that this way, it is easy to maintaining consistency, increase accountability, and in general provide top notch services. This is one of the many techniques Securus Technology has adopted to ensure customer satisfaction. Their growing market base is a clear indication that they have been able to satisfy most of their clients.
The company’s best services include a world class calling center which was developed and is run by its staff. Also, the company developed the biggest VoIP Corrections institution calling space. All this has been done and achieved under the close watch of Rick. Interesting to note, no competitor has been able to match his strategies.
Rick Smith educational achievements are astonishing. He holds degrees such as a Bachelor’s Degree in engineering which he achieved from the State University of New York and an associate’s degree which he got from Rochester Institute of Technology. He also holds a Masters of Engineering which he achieved from the State University of New York. He also attended the University of Rochester (Simon School) where he graduated with an MBA.
He has a huge working experience having served various positions in different companies. Between 1992 and 1998, he served in different capacities in Global Crossing North America, Inc., which was then known as Frontier Corp. He served the company as the vice president of the finance department and also as the head of informatics. Afterward, Rick joined Eschelon Telecom Inc. where he worked between 1999 and 2007 as the president. He later got a promotion to become the CEO. During this time, he helped to increase the company’s net worth as well as attaining an IPO.