Coronavirus Is Not The End Of The World, It is a “Once-in-a-Decade” Opportunity
Stop the fear. Think
If you want to buy into any investment crazy cheap, your window is closing.
I made up my mind not to spread fear and panic during this challenging time for the world. The fear and panic have done far worse damage than the virus itself.
Cities have shut down. Sporting activities are halted. Movie releases have been postponed. And the stock exchange is dropping down like water flowing downstream. There is actual panic on some streets.
Some are already treating it like the end of the world already. All the ideas from movies that we have fed ourselves over the years are coming into play.
The most annoying thing for me is that people continue to spread fear and panic in the name of care. Over 80,000 people have recovered from the virus compared to the less than 7,500 deaths (as of March 17, 2020). It is not the end of the world. It is not the worst.
The fear of the virus is actually the problem. It is not the end of the world, by a long shot.
Coronavirus will soon be history
The tide will change with just one event. The moment there is an official vaccine and cure, it is game over. In a few years, we would be wondering why we shut down our economies by ourselves because of fear.
But businesses will not climb back as fast they dropped.
There is a saying on the stock exchange that the bear jumps out the window while the bull climbs up the stairs.
I made a prediction earlier about investments that the year 2020 will be full of disturbing events. It is just March, and it has been a crazy ride.
But we must always look from a grand perspective to make the best decisions today. There is one thing I am sure of: coronavirus will not be the end of the world. In fact, a few years later we will look back and wonder why investors panicked so much during this time.
The summary of all that is this:
This is probably the best time in a decade to buy into any business or investment you’ve always wanted to
I shared with the business owners on my list that this period is the time to expand their businesses. There are a lot of motivated sellers living in the moment. When you buy them out, you are helping. And the economy needs people like you.
When there is blood on the street, buy property
These are the words of the renowned banker, Mayer A. Rothschild. It is the way he amassed his great wealth that is still serving his generation to date. When everybody thought it was the end of the world, he was buying people out.
You may be thinking of how you can possibly buy when you have no money. That’s why there are banks. And I hear the Fed is printing money again to combat the effect of the virus economically. The money will, of course, be given to banks. And banks will lend it out.
It is a good time to take bold steps. Think about it this way; if the world ends, everybody loses. But if it doesn’t end, you will come out shining when all of this is over.
You know the bold steps you ought to take. Don’t over-think it.
What is Warren Buffet doing now?
Buffet has expressed that his investment secret is that he is cautious when everybody is greedy and greedy when everybody else is cautious. So, think about that for a second.
Now, tell me, what do you think Warren is doing right now? Everybody is cautious and fleeing for safety. I won’t be surprised if he is back at number one on the Forbes list a year from now.
This is the time moves are made. Not because of the health challenge but because of the down market. I know someone who is trying to buy tens of bitcoin via OTC at this time. I still don’t recommend buying in bulk but I was impressed at his boldness.
Smart investors are buying now. They are not selling. They sold when the markets were at all-time highs.
Buy in panic, don’t panic-buy
This is as good as it gets for a chance to be wealthy overnight. If you are trying to catch the bottom perfectly, you will miss the good ride.
One secret to stocks is to buy all the way down and sell all the way up. There is one thing you can be sure of, the market goes up and it comes down. There is a time for everything.
This downtrend just happened to be quickened by a virus attack. Although some investors were predicting a slowdown or downtrend. Nobody really predicted that this would be the cause.
But in every adversity is an opportunity. I hope you see yours.
To be a pessimist in good times has its advantages. To be a pessimist in bad times is not good. To be an optimist in bad times has its advantages. To be an optimist in good times can be dangerous.
So, to succeed in investing, why not be a perpetual opportunist? And that means to be positioned to take advantage of the economic situation whether it is up, down or flat.
If you invest based on “experts” advice, you might be getting run over. But if you know what you are doing and ignore the experts, you will make a lot of money.
Investing is not about predicting the market. It is about self-honesty. What is good for someone else’s portfolio may not be good for you. You ought to know what is good for you.
If you make a good investment or business decision at this time, it won’t show immediately. It will show in about a year when the economic season has changed. Those who made a bad decision in the last bull market are the ones feeling it the most now.
Be smart for your own sake.
This is by no means financial advice. I am just saying what I think should be said. It is a perspective. If you don’t agree, just forget it.
If you agree, do your due research before you make your moves.
The last time these low drops were witnessed was 2008. This is the year 2020. This chance might not come again until the 2030s. Think about it.
Any decision you make, I hope you are richer this time next year.
P.S. If you are in any of the affected areas, don’t claim you are super careful. Get tested. It is better to know if you are infected early. Over 80,000 people have already recovered. Stop the fear.