With the pandemic at its peak, it seems as if 2020 is retelling itself. But this time it’s ten times worse. So, investing at this point is a good option or not, let’s see.
The majority of the states have already announced strict lockdown. While many of them have given stringent restrictive guidelines to pursue.
But on a serious note, staying at home also has its perks. Many of us might feel lucky to get to stay at home with family and still earn a steady income. Hence, the most important point arises – how to put it to a better purpose than spending it on casual purchases?
As you know we are in the middle of a deadly pandemic thus, it is rather practical to keep aside some money as emergency funds.
Savings would help you get through this time but it is investing that can help you pull through every unforeseen problem that might come your way.
Is it a good idea to invest now?
The amount of cash available determines if you should invest or not.
Suppose you are lacking cash and do not have enough savings to help you, then you may want to refrain from the thought of investing.
But if your income is stable and you have extra emergency funds then maybe it is the best time to invest.
Here are three reasons explaining why it is a good idea to start investing during the pandemic –
1. Low Economic Growth –
Most of the businesses are at standstill due to the lockdown. Hence, the markets are down. This means prices are falling in the market. So, investing now would lead to more chances of profitability in the future,
2. More Time to Research –
Being stuck at home doesn’t mean that you are free. You can take advantage of this time to do thorough research of the assets you want to invest in. This way you will gain more knowledge of the market.
3. Successful Alternative Investments –
Alternative assets are those assets that are unaffected by uncertainties. Investing in this will help you protect your money. During the pandemic, it witnessed a 50% growth in value and is still booming. For example, investment in cryptocurrencies.
While looking to invest during the pandemic especially, keep the core investment strategies in mind is vital. So, it would be wise to use it to your advantage and make it a perfect opportunity to measure your risks.
