The conflict between Russia and Ukraine It has caused oil prices to vary, the container crisis to increase, inflation to rise and so on. Accompanied by electoral uncertainty due to the upcoming contests in the country.
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To capitalize on this moment, a recent report by Investopi, the financial training academy for non-financials, recommends investing in the United States stock market, which has had a drop up to 12%and that allows you to buy cheaper shares and dollarize your savings.
According to Marcelo Granada, author of the report and CEO of this company, “In volatile times, when market conditions are constantly changing, a range of possibilities opens up to make smart financial decisions that generate a profit for your pocket”.
Here are some tips for coping with today’s economic jitters.
FINANCIAL TIPS
The first thing, according to Granada, is the window that opens for investment in the United States, because of the 500 most listed companies on the New York Stock Exchange, there has been a drop of up to 12%.
“When there is nervousness everything goes down and this means an opportunity to buy and capitalize”, he adds.
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Another recommendation is to have other financial assets in your savings and investment portfolio, such as stocks. Due to crises, the value per share tends to drop and this is a good time to invest: “it is advisable to bet, for example, on technology, retail, construction, banking, real estate companies, which are companies that in the next two years they are going to be strong and will generate a good profitability”, says Granada.
Along with this, the expert advises having cryptocurrencies as a ‘plan B’. An option that is becoming more and more popular worldwide and that is an important tool for large investments.
The ideal, according to Granada, is to allocate for this purpose a accumulated savings, corresponding to the amount of resources that are needed as a vital minimum to survive at least 6 months.
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Finally, he advises that leaving money alone is no longer enough and generates losses. Now it’s important make your savings profitable.
“Today, you can invest from any amount, in different options, such as buying shares on Wall Street, which seems very profitable to me at the moment given the devaluation of the United States that causes these shares to be cheaper,” he says.
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