There's this little disease circulating the world, causing markets to crash, civilians to become unemployed, businesses to close, houses to be lost. A lot of pain, strife and sweat has been caused during this time...
In no way am I minimizing the negative impact that this virus has caused; however, I am sharing a positive perspective to help open your mind during this time.
What can we be certain about?
History has shown us that some things will always be here. Whilst Covid-19 is a new experience for many of those alive today, it is not for the generations before us. Global pandemics such as the spanish flu have caused markets to crash before. What history has also show us though, is that the markets do heal.
See for example, the S&P 500. This fund has shown that no matter what social issue, pandemic or war occurs, the market will recover, and indeed become stronger.
What this tells us is that as long as you are investing for the long term, you can be certain that your money will flow with the times, but that it will also recover when the market heals.
So, in saying this - A market is sure to fall; but, it is sure to climb as well.
We can be certain of the fact that the market will fall, but that it will rise too.
Another thing I'd like to discuss is the certainty of education. If you have a goal of achieving your degree, postgraduate diploma or something else, a global pandemic is for sure the best time to achieve this. Why? Because education institutes are world class, over performing businesses. The industry of education will never fail; you are therefore in an industry which is safe.
So, during this period of time, there are some things that you can do that will put you ahead, in the future.
What am I working on?
Building highly profitable skills during isolation periods. These periods have minimal distraction and I have more time on my hands to invest in my goals.
Investing consistently. Every $5 - $10 counts. Stocks are cheap right now. Do not fear the downward heading graphs, this is normal and to be expected. Work on looking 5-10 years in the future when the market could be booming.
Working on my self. This period of time is one in history which can change your life. If you can make this time useful, you will reap the rewards later. Work on your mental health, growing your mindset, gaining an education, spending time with Whanau...
Keeping costs down. Like I said, this time is full of uncertainties. Keeping your reserves stocked, keeping costs down as much as you can will protect you and your Whanau.
Anyways whanau, that's all from me. Remember to like, comment and share.
Disclaimer: This is not financial advice. We will always recommend for you to seek your own advice and conduct your own research before making any financial decisions.