The COVID-19 pandemic brought the local economy to its knees in many different countries. Right now the main focus for us is to find a way to eliminate these challenges and really focus on getting the best results. That’s not a simple thing to do, but the potential can be extraordinary. With that being said, there are some companies that are set to recover faster after the COVID-19 lockdown when compared to others.

Which industries are going to recover faster?

It all depends on many different factors, but we are seeing some industries like pharma and consumer focused companies. But aside from these businesses, there are also others that tend to recover quicker than others. These include telecom, power utilities, hospitals and city gas distributors. These are essential businesses and obviously most of them are bound to recover quicker than imagined. The payoff can be great if everything is done correctly, so the potential is definitely there.

Why is this happening?

Since the pandemic has started, it was extremely difficult to figure out exactly how some businesses will survive. The aeronautics and naval companies were heavily affected. It’s important to note that in some regions the restrictions were lifted for a while, so there are businesses that managed to recover or at least work at a limited capacity. It’s still not ideal, but it’s certainly a lot better than any of the possible challenges that they could deal with. It’s important to implement the right solutions at this time.

What businesses are still shut down?

Restaurants are shut down in many locations all over the world. Either that, or they are running in a limited capacity. It’s less than ideal, but considering the economic and health spectrum right now, it’s the best possible thing that might happen. Aside from that, cinemas and places that rely on human interaction and groups are mostly closed down. In fact, a lot of businesses had to close in order to stop losing more and more money.

What can businesses do at this time?

Shifting to the online world is incredibly important at this time. Having an online presence and selling online is crucial for any business that wants to stay alive. It’s more important than ever to provide your customers with this option, and it’s definitely the type of thing that you need to take into consideration. That’s what really matters the most in the long run.

Conclusion

While some businesses are recovering from the financial trouble caused by the COVID-19 pandemic, many others are still suffering. However, finding an alternative way to function such as selling online and having the team work from home is very important. Even if it’s not ideal, in the end the main focus is on value, growth and really pushing things to the next level. There’s no one-size-fits-all solution, but we need to study the market and find new opportunities to help those businesses that can’t reach success right now. It’s not easy, sure, but there are some methods we can use to pursue the right results, and the outcome can indeed be great if it’s all done correctly.

Ever since the pandemic started and a lot of people lost their jobs, it’s been very difficult to figure out how everyone should manage their finances. Since the future is insecure at this time, it’s extremely important to know what steps you need to take in order to secure your finances. Here you have a list with a few tips and tricks that you can start using right away.

Try to create/add to an emergency fund

You do need to put as much money aside as you possibly can. The reason behind that is simple, if you don’t set money aside and you lose your job, it will be hard to survive for a while. Which is why pumping up money into the emergency fund is a crucial aspect to do at this time.

Control your spending habits

If you usually spend most of your income, stop doing that. Set some money aside and also control what you are spending money on. You want to think multiple times before you buy a certain product. You need to figure out if you really need it right now or not. On top of that, it makes a lot of sense to set priorities on things like insurance premiums, rent, electricity and other costs. You can also try to buy in bulk just to maximize profits.

Use a personal finance app

Using this type of app actually makes a lot of sense because it gives you more control over the entire process. You want to know what you are spending your money on and how you can eliminate those unwanted costs. Such an app gives you a visual representation of your expenses, making it easy to figure out what exactly you are wasting money on.

Try to find ways to make money online

Ideally you want to find a source of extra income, and things like freelancing, selling your old items online or even writing a book and publishing it can be a good source of money. You can also try to live a more frugal life, just to ensure that you avoid major costs.

Hold on to your job

Since the future is uncertain, this is not the time to try and find a new job. Try to stick with your current job, as it still provides you with the income you need at this point. That alone can be very helpful, especially considering the Covid-19 pandemic spectrum.

Conclusion

You need to have a plan that will help you manage your finances during the Covid-19 pandemic, and that usually involves spending less money. On top of that, you also want to make smarter financial decisions. Even something as simple as using dedicated apps that help track your expenses will help a lot. Just prevent any rush, focus on the results you can get and the outcome can be very impressive. Take your time and use these tips, adjust them the way you want and you can obtain some incredible benefits!

Finding the right way to invest your money can be rather tricky. There are many different investment opportunities, but not all of them bring in the type of results and value you may need. Which does bring the question, if you have $1000 to invest right now, where will you get the best ROI? Let’s see what investment options are the most profitable.

ETFs, mutual funds and stocks

Investing in equities is the smart thing to do. ETFs, mutual funds and stocks will help you quite a lot. Stocks have a return of 7% or sometimes even more, so the overall potential is great. You can go with a diversified portfolio to minimize risks. A good starting point would be the M1 finance IRA or Roth. It’s easy to use, and you can build a great investment portfolio.

Roboadvisors

These are basically apps that will manage your investments and even guide you towards certain investment opportunities based on machine learning. Betterment or Wealthfront are great investment options here, and you do want to test them out and see how they work for the best results. You can start with a low amount of money and go from there.

Crowdfunded real estate

You can’t start investing in regular real estate with just $1000. However, crowdfunded real estate allows you to put up $1000 along with a lot of other people and you will all own a property. Real estate investment trusts will use the money to buy properties and you will get a certain amount of money per month. It’s a great idea and it does work quite nicely.

Investing in precious metals

Most people believe that investing in precious metals can indeed pay off, and it will be well worth the effort. The price of gold has risen with 335% in the past 30 years. Buying gold and other precious metals can be a great investment, and it does pay off more than you might imagine.

Peer to peer lending

The idea here is that you are using a platform which will help certain people get a loan for a real estate property or for a business. Once you invest, the person getting that loan will have to pay monthly interest. So you are getting paid every month or annually from their interest payments. It’s a novel system, but it works and it can be a good starting point.

Collectibles

Investing in collectibles can be risky, but if you know how to do it, you can easily double or triple your money. You need to invest in those items that go up in price most of the time, otherwise you can end up dealing with a loss, and that’s the type of thing you really need to avoid.

Cryptocurrency

A lot of people consider cryptocurrencies as a very good investment at this time. However, they are quite volatile, so you shouldn’t use this as a main investment option unless you really know what you are doing here.

Conclusion

There will always be challenges as you try to find the right investment opportunities. You want to focus on success and ensure that you invest your money wisely. These ideas listed above will certainly help you achieve great results, and you will be very impressed with how much you can earn. It all comes down to investing your money wisely, tracking your investments and learning from mistakes. That’s how you will make the most out of your money in the long run!

Should I buy stocks amid the coronavirus crisis?

The coronavirus pandemic has changed the way we live our lives, and that also includes the way we invest our money. Due to the pandemic, the global stock market is unstable and very choppy. As a result, it’s very hard to figure out which is the best place to invest your money and if stocks are actually a good pick or not.

Is this the right time to buy stocks?

More than 70% of investors believe that the FTSE 100 fall showed it’s a great idea to invest in stocks. Why is that important? A lot of stocks are undervalued due to the Covid-19 pandemic, and that means you can access tremendous results. Investing during the pandemic is just as challenging and risky as regular investing. So you still need to study the market, see the prices and stock history to identify if this is a good investment opportunity at this time.

Plus, you need to keep in mind that share markets are volatile. Things like high inflation, low GDP numbers and economic issues all over the globe can have a very important role in price changes. So the best thing we can do at this time is to assess the market and track the stock history to pinpoint which stocks deliver the better value.

Should you think about long term investments?

This can indeed be a good time for long term investments. The most important aspect to consider at this time is the fact that you should buy the high valuation stocks at a low level. There are a few things to consider here too. For example, the stock has to be at zero debt, and it also needs to have a high profit margin. The company itself needs to have the capacity to bring in a big surge. If the stock is strong and it has a good history, then that’s definitely the right approach to pursue in a situation like this.

You do need to think about the future when you invest in stocks during a pandemic. Right now the stock prices won’t really give you an amazing ROI, and that’s why you want to only invest if you have a long term plan. If you’re an equity investor, then you want to turn your focus towards the multi cap and large cap stocks if possible. For those that want to invest in bonds, a good idea are the corporate bond funds since they are safer.

Conclusion

The potential to invest during the pandemic is huge, but you do need to have some trade-offs. You never really know exactly how much you can invest, and there are obvious restrictions in a situation like this. You want to make sure that you focus on growth and value, and if you manage it correctly, the payoff alone can be extremely impressive. It’s more important than ever to time your investments and avoid any random investment to begin with. Due to the pandemic, you need to study the local and global economy as well as the national markets to see how stocks have evolved during this time.