Since the outbreak of Covid-19, investors are hanging onto their liquid assets and are reluctant to risk their cash. Afterall, stats don’t lie, more than 30% of the world’s population have lost their occupations, more than 27 million cases, with close to a million deaths. The markets are still reeling and will continue to unless a cure is found. So, how do you invest in such tough times? Read on.
The virus, like many others preceding it, will eventually go – via a cure or by developing immunity. What’s more interesting is that metropolitan cities around the world are pretty much functioning at normality. In fact, if you catch a metro bus in Dubai, you will be surprised by the pushing and shoving among people. Anyways, let’s talk about a few actionable investment strategies in a post corona world.
- Allocate Assets Wisely
As a rule of thumb, you should ask yourself, what is your risk tolerance? How much time do you have at your hands? If you’re someone whose approaching retirement, then you should minimize risk.
Conversely, if you are in your thirties, then you can cushion some risks and behave aggressively with your allocations. One more thing, regardless of what your preferences are, do not wait till the time your investment matures because you never know what might happen. Start withdrawing in regular intervals and park them in a bank’s deposit.
- Be Brave
Whether you are a seasoned investor or are new in the game, you need to take bold decisions, and be prepared to absorb losses and take a fall. On a given occasion, your mutual fund portfolio might send you on cloud 9, on other days, you might be left scratching your head after a market crash.
But you need to take heart from the fact that with every crash, the market recovered to soaring heights.
- Invest in Gold
When all other forms of investments paint a bleak picture, investing in a product such as gold would have fetched an absolute fortune. Currently, gold prices are sky high, indicating that investors might have missed a trick.
Conclusion:
At the end of the day, it all comes down to how much you are risk you are willing to take in order to lead a successful life. If you are young, there happens to be a lot of money to be made, and if you are past your 50s, you can always take the advice of an investment company such as World Investments.
