Business

Where yes and where not to invest my money in times of uncertainty

During crises, there are vehicles that are more attractive and safe, and many others that lose their value throughout the economic environment.

4 min read

The opinions expressed by collaborators are personal.

Where yes and where not to invest my money in times of uncertainty
Where yes and where not to invest my money in times of uncertainty

We are in a historical moment where uncertainty comes from all sides, fake news abounds and we do not know when everything will return to normal.

However, one thing that is completely true is that people are afraid of their financial and economic environment.

Many people have become unemployed, many others have been sent to quarantine without pay, and many others are afraid of being unemployed.

And as I always say, the worst number is 1.

Well if you run out of that 1 … you will be at 0.

And the same goes for your source of income, if you only have one source of income and for everything that is happening you lose it … you will stay at zero.

This is why I always recommend generating multiple sources of income.

And by this I do not mean that you have five jobs and double every shift, if not, that you have investments that generate more money, in such a way that if one of your sources of income disappears, you will not stay adrift.

However, although it is very attractive to start investing in these times,

it is time to invest in all vehicles.

During crises, there are vehicles that are more attractive and safe, and many others that lose their value throughout the economic environment.

This is why I want to share with you some areas of investments to invest today and others in which it is not so worthwhile to do so (I clarify, due to the current economic environment).

WHERE TO INVEST TODAY

  1. Stocks : If you have kept abreast of everything that has happened on the Stock Market, you will know that the stocks of many companies have dropped due to COVID-19 and due to the economic environment. For example, the shares of companies that are dedicated to tourism have dropped a lot (cruises, airlines, hotels …). However, when all this happens, it is highly likely that the shares will rise and you will earn a lot of money.

To start investing in the Stock Market, you can get advice from a brokerage house or broker .

  1. Metals: metals are anti-cyclical, this means that with crises they do not lose their value, and it is here, where many of the richest people in the world support themselves. You can invest in Gold. Today, I do not recommend that you invest in silver, as its value has been affected by declines in production and manufacturing.
  2. Protection: Do you have life or major medical insurance if something happens to you during the contingency? If your answer is no, you are in a very good moment to invest in it.

Many people say to me “insurance is very expensive” and I always reply “What would be more expensive? Pay insurance month after month or lose everything you've worked for your whole life if something happens to you?

WHERE NOT TO INVEST TODAY

  1. New Business: In times of crisis, it is not a good option to invest your money in new businesses or startups . Why? Because with all the economic context, we really have no way of knowing if the investment will be successful and we cannot know when we could see our earnings.
  2. Real Estate (for offices): worldwide, many companies will be in home office mode . This is why, if you decide to invest in co-working spaces or rent your property as a workplace, your investment may not be successful, as there will be no one looking for these spaces.
  3. Forex: this type of investment is very risky, and more, if you do not have enough experience on the subject. Although FOREX is a place where you can earn a lot of money, you can also lose everything if you don't have enough knowledge.

And today, if something goes wrong, you will lose even more with all the volatility, and since it is not a regulated market, you will have no one to claim if something goes wrong.

If you are determined to generate new sources of income, try to stay informed and not choose one because “it seems good” because instead of benefiting, you could end up losing your money due to ignorance of the rules of the game.

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