Times are hard right now. The coronavirus has officially spread around the globe, and people everywhere are adjusting their lives as a result. The financial markets have taken a big hit. Here are the six things I'm thinking about as an investor during this time:
1. Nothing matters in investing if you cannot remain solvent during times of crisis
2. Have general business and investing knowledge
3. Have as much liquid cash as possible ready to deploy
4. Prudent capital allocation matters
5. Stocks behave differently during different times
6. It is impossible to know how long a panic will last, so prepare accordingly
Reach out to me at @stockstoryteller on Instagram or email alex@stockstoriespodcast.com. How are you handling the current crisis?
Email: alex@stockstoriespodcast.com
Stock Stories