There is no business field that wasn’t affected by the current pandemic of COVID19, the stock market isn’t an exception.
Should you buy stocks during Corona crisis?
It is only a natural thing that stocks started plummeting, but there is another side to the coin. If it is done carefully, investing in stocks could be your lifesaver in these hard times.
Why is that so?
A rise of about 75% in “interest over time” in stocks investing searches in March 2020 vs 2019 has been noted. We assume this happens for 3 reasons:
- Slowed money circulation,
Since people tend to spend less in these times, money circulation has been slowed down, which also dropped the price of assets share, making them easy for investing.
- Online compatibility,
With most of the activities being transferred to “online mode”, most of it got suspended. Since investing is easily done online from your home, there was a huge growth recorded in online investing platforms.
- More time for learning,
Investing requires learning. Because of the lockdown, most of the people suddenly got a lot of free time, which can be spent on learning a new skill, in this case, investing.
How should you invest?
The very first thing that you need to do is to learn some basic knowledge of investing. After this, you should make your investing fund, which considers the money that you will use for investing. You should also educate about the effect of the COVID-19 crisis on industries, and in the end, you should consider investing in companies that will overcome this crash. You can find more about some good ways of investing during a pandemic here.