Psychologically Dealing with Q4 Economy

By Bobbie Clark-Alexander, M.Ed., MA-HSC, BS Oct 16, 2019

It’s up to you today to start making healthy choices. Not choices that are just healthy for your body, but for your mind. — Steve Maraboli

October begins 4th Quarter 2019, and also known historically as the month when some sort of financial scare takes place. It is however noteworthy to mention that more financial scares have taken place at the end of Q3, the month of September, than October. I believe October get’s the lion share reputation of the scare month, or “The October Effect” due to more memorable psychological impacts it has had. Namely, The Bank Panic of 1907, The Stock Market Crash of 1929, and Black Monday 1987, all happened in the month of October.

But how are we going to economically, domestically, emotionally, and mentally deal with all the economic uncertainties that are now a part of our daily lives?

Why not just take the abovementioned areas of daily life importance and simply use some common sense principles. We do not have to wake in fear if we just use some simple common sense.

Economically Speaking Q4, the trade wars, tariffs, and China/US talks, among so many other factors in Washington DC, will play a big roll on the way the domestic and global economy is impacted in Q4. According to Russell Investments Groups LLC, there could be a market reset or a recession may begin to brew. However, no matter what happens there are certain common sense precautions we all should take like spreading our wealth and diversifying whatever we have as not to put all eggs in one basket. I know so many who are trying to pin down the market melt up, when right before a bull market ends, the stocks go up to a super high before falling and/or market crash. Really?! Why not take some money out and gamble with less. Know when to fold and pull some off the table to put in your pocket to tuck somewhere else and let the remaining ride? Or, leave it all there tied into the market some kinds of way and strike it ALL big or strike it ALL gone!

Domestically Speaking Q4, even though autumn season 2019 is September 23 – December 21, there are very few leaves on the trees in my yard have begun to change colors or fall. The few partially yellow leaves would not even be noticeable to the average busy responsible working individual. Regardless if we notice the change of the season by the tree leaves or not, the season has definitely already began to change. Are you ready for winter? Have you purchased the clothing, foods, wintery weather staples for your region of the country, cut firewood, purchased new all-weather tires if needed and winter car check? In other words, no matter what happens in the economy, these are things we have to get done before the winter fully comes in. The secret is due to uncertainty, do these things earlier!!! Be home front ready with the simple staples.

Emotionally and Mentally Speaking Q4, health is most important in times of unpredictability. Decision making works best when mental and emotional health is well and balanced. When was the last time you had talk therapy with a health care professional experienced in the sciences coupled with inspirational faith-based abilities? Most people do not understand that wealth comes with more responsibility than just counting your money. It requires discipline, self-esteem wellness, and previous life issues that hindered you cognitively or psychologically resolved! Otherwise, when money and property loss occurs in the lives of a lot of people, they literally have mental breakdowns, go into depressions or develop (PTSD) Post Traumatic Stress Disorder, addictions, etc. Even greater, destroying lives of others when monetary gain lacks mental and emotional wellness. Mental health is a daily maintenance! Do not wait until life happens to make sure your emotions and mental health are in check. One of the other culprits that causes problems is fear. Fear of not having, fear of not fitting in, fear of being made ashamed, causes people to do things they cannot return from. Let’s be in good psychologically and emotional health as we brave Q4 and come out great in Q2 Spring 2020!

Try some of these simple common sense practices now and it may just be the thing that cause you to stay in the game during a financial crisis. It isn’t always the big wow’s that save us, it’s the small things many times that has the biggest saves!

Bobbie is an established life coach & counselor at Select Elite Coaching and Counseling Services, LLC. She has earned degrees in accounting, psychology, education, 90% completion of MBA, and currently working on EDD (Doctor of Education) from Walden University. She has worked in Fortune 500 companies in Corporate American, designed workshops in various subject area as a lecturer, author, and life coach and CEO of her own company. Please see her website landing page for full bio and testimonies of her work from clients. Bobbie’s services range from $250 – $10K+ E-mail: if interested in her services.


Russell Investments Groups, LLC online. Articles: United States Bending or Breaking?; 2019 Global Market Outlook The Art of the No Deal Q4 Update; Investment Strategy curb your pessimism. October: The Month of Market Crashes?

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