7 ways to beat the market recession.
- A THREAD
- A THREAD
1. Don't "concretize" your loss.
Global stocks are already down 20 - 40%. It will get worse before it gets better, but it will get better.
If you are still heavily invested in the stock market. It's too late.
Don't exit. Just ride it out.
Global stocks are already down 20 - 40%. It will get worse before it gets better, but it will get better.
If you are still heavily invested in the stock market. It's too late.
Don't exit. Just ride it out.
2. Cash is king.
Property prices will soon stumble. Equity prices will become cheaper.
Cash will be the most important asset for the next few years.
Keep your cash in a highly liquid instrument like @overwoodng (overwood.ng) and wait.
Bargains are coming.
Property prices will soon stumble. Equity prices will become cheaper.
Cash will be the most important asset for the next few years.
Keep your cash in a highly liquid instrument like @overwoodng (overwood.ng) and wait.
Bargains are coming.
3. Diversify.
It's bad practice to have more than 50% of your asset in any instrument. Diversify quickly.
Have at least three investment classes/instruments.
Read the thread below & focus on the 3 bucket portfolio strategy.
It's bad practice to have more than 50% of your asset in any instrument. Diversify quickly.
Have at least three investment classes/instruments.
Read the thread below & focus on the 3 bucket portfolio strategy.
4. Build some skills.
This is the perfect time to apply for your MBA/PhD.
Wages will stagnate for the next few years and corporations will retrench in large numbers.
You can skip this mess by going to school for a couple years.
I got my MBA during the last recession.
This is the perfect time to apply for your MBA/PhD.
Wages will stagnate for the next few years and corporations will retrench in large numbers.
You can skip this mess by going to school for a couple years.
I got my MBA during the last recession.
5. Hedge against currency risks.
Currencies across Africa and the Caribbeans will lose value.
The Naira, GBP, Cedis, Rand, and KSh will lose value.
You may want to hold some USDs as a hedge.
Currencies across Africa and the Caribbeans will lose value.
The Naira, GBP, Cedis, Rand, and KSh will lose value.
You may want to hold some USDs as a hedge.
6. New business.
This is the perfect time start a new business focused on bargain hunters and the bottom of the pyramid.
TJX has been selling discount apparels for years. But it has grown 1000% since the last recession.
Recessions are great for BOP businesses.
This is the perfect time start a new business focused on bargain hunters and the bottom of the pyramid.
TJX has been selling discount apparels for years. But it has grown 1000% since the last recession.
Recessions are great for BOP businesses.
7. Take care of yourself.
Health is wealth.
The NBA has suspended its season; La Liga is off; Universities are closing. This coronavirus thing is the real deal so be safe.
And don't worry too much about money. Recessions are necessary market corrections. You will be ok.
Health is wealth.
The NBA has suspended its season; La Liga is off; Universities are closing. This coronavirus thing is the real deal so be safe.
And don't worry too much about money. Recessions are necessary market corrections. You will be ok.
