Covid-19. Even if you don’t get infected with the virus itself, it is absolutely certain that you will, to some extent, find yourself dealing with the fallout and the financial consequences.
The state of the world’s financial markets is changing by the day. More and more money seems to be being lost, and even huge injections from governments around the globe are only capable of doing so much to provide stability in what is, in essence, the most unstable economic landscape since the end of the Second World War.
However, we are going to do our best here to highlight the key things you need to be aware of in the current climate, and what is (potentially) going to happen in the coming weeks/months.
1. Oil Prices May Continue To Slide
Oil prices are already hitting new lows, and it is very likely that this trend with continue for the foreseeable future, largely because there are other concerns that are now taking centre stage.
Oil prices will become more stable at some point in the future – whatever the world looks like following the coronavirus pandemic, we will still need oil – so it is unclear how long such a slide will last, and what the market will look like in the coming months and years.
2. Some Investors Will Lose Faith
Given that the market is going through a period of unprecedented turmoil, it is unsurprising that some investors are already losing faith and getting rid of stocks and shares in the hope of clawing back some of their money.
Those that are astute with spotting investment opportunities could, in theory, benefit.
3. Remember That A Falling Market Is, Not Always, A Bad Market
There is a lot of fear around at the moment with regard to investing and putting money at risk, and while this is, of course, the case, it is worth noting that this could be a good time to invest in some stocks.
Nobody has a concrete idea of when things could ultimately stabilise, but it is important to remain calm and to think intelligently. Eventually, the market will correct itself, and if you invest diligently and shrewdly in the coming weeks, you could benefit in both the short- and long-term.