I have been waiting to buy next gen tech stocks which i can hold for new few years including currencies and crypto currencies
Corona-virus has effected business across the world . Due to low in manufacturing and production real business effect will come now . Keep an eye on inflation rate most likely to go up . We might see consumer products getting expensive with lower per capita income . At this point in time I would say investing in tech and health is the best option .Central banks are cutting the interest rate to stabilize the markets . Which is turning into fear and traders are scared to invest money and need liquidity
If children are not going to school they are going to learn from online portals. If people are not watching movies in theaters they will buy Netflix or Amazon prime packages. Demand for online entertainment will increase
More and more people will find ways for alternative sources of income. Key shift is going to come. Use of paper money will be reduced heavily -Initially wallets and then crypto currencies will come in real life use
More opportunities in freelancing jobs will come. Sectors where work can be done remotely – Designing, Accounting Marketing and etc
Technology will be heavily used in sectors like – Schooling . Socializing , entertainment . More startups are likely to come in these areas
Here are few Products i will be looking to buy
- Facebook – More and more people will try to communicate online
- Netflix – Demand of online entertainment will increase
- Microsoft – Innovative tech and awesome line of products
- Uber/Lyft
- Tesla
- ETH (Crypto)
- Bitcoin ( Crypto)
- AUD and NZD
Just to give you an brief idea how market has performed during major market crashes
Below is S&P stock index of United states
I have marked key areas where market crashed and how long it took to reach new bottom , The major difference we see that it took lesser time for market to touch bottom every time it dropped
And it took more time for the market to recover and reach to the new high , we might see similar type of the movement this time as well
The second image depicts that each time market dropped it dropped more in points as well
Global economy is changing , Fear is a new catalyst which is combined by lot of factors corona-virus is one of them , Central bank rate cuts , Clashes in Opec meeting , Brexit , trade war and many more
Stay safe for now . Rather getting scared i suggest you to take precautions stay clean and healthy
Write more, thats all I have to say. Literally, it seems as though you relied
on the video to make your point. You obviously know what youre
talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something enlightening to read?
Thanks Buddy , All i am trying is to share knowledge via different channels
Thanks though i will try to write more
Really appreciate you sharing this blog post.Much thanks again.