Everyone is affected right now, not only those who have temporarily closed businesses. Investors of stocks, bonds, mutual funds, UITF, and others are facing the sudden impact of the crisis. The struggles are real and it’s common to fear if you will be able to recover from this event. Right now, what you have to remember is that there is a way to recover from all of these. The market will rise again and you will recover the income that you could have earned during the crisis. Here’s a blog with my insights on how you can possibly stand up again after the crisis.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
As early as now, develop a positive mindset. Block all the negative noises telling you that you will not recover from the situation. Fix your mind so you can think of the possible strategies that you can use once the lockdown is over. Think of the ways how your business can make sales that will exceed your expectations. Formulate marketing ideas to boost your business revenue. Take this time to become productive while you are at home. Avoid reading negative news and views from the people that you know won’t help you financially and emotionally. Take in the good vibes!
To recover from the effects of this crisis, you need extra efforts. Make your business perform well after the lockdown. Use strategies that can make you gain more customers so you can earn more than your target. If you are doing digital marketing right now while all the people are at home, continue doing it even after the quarantine so you can bring in more leads that you can convert into customers. If you are opening your store at 9:00 AM, try to operate as early as 7:00 AM. In this way, you are making up for the time that you have lost during the crisis.
If you need to invest more after the lockdown, do it. Use your savings wisely by purchasing the inventories that will help you boost your sales. Use your money to add value to your existing investment in stocks or bonds. Choose a company stock that will help you recover from the crisis. Don’t spend your savings on things that will not make you earn. If you can put it in your business or investment for extra fuel, don’t hesitate to make the move.