How to invest when inflation and recession get you on the rope
The two dirty words, inflation and recession, are everywhere. Even if you are not into investing or finance, you can’t help but see them all over the news headlines, financial blogs and YouTube channels. It is as if the world is moving toward an inevitably doomed economy, and everybody is going to become poorer.
I have studied a lot about inflation and recession in my more than 15 years of career as a financial adviser. It is not to say that I am totally optimistic about the stock market and economy, but I think there is too much misinformation circulating around.
People often repeat what they hear without first verifying if it is true and whether they repeated it correctly.
My followers know that in 2020, I have already said “inflation is the only way for the world to get out of the pandemic” and this will cause a retirement crisis globally.
You can’t make an informed decision based on the wrong assumptions. So today, I want to give you a clear perspective of what is happening and what you should do about it.
Why does the wealth gap become larger after each crisis? Because when the majority of people see the crisis as a problem, the rich minds see it as potential.
Financial success requires a combination of the proper: mindset and psychology (40%); along with knowledge and skills (40%); and a little luck (20%).
I will first talk about the right mindset and psychology that you need to have at this moment. In the second part, I will demystify some common misunderstandings about inflation and recession and their impacts on the financial markets.
This is the first part: https://www.sgmoneymatters.com/inflation-recession-how-to-invest-mindset/
This is the first part: https://www.sgmoneymatters.com/inflation-recession-how-to-invest-mindset/
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