Bengali: এই ব্লগটি এখানে বাংলায় পড়ুন।
- Saving money is the need of the hour.
- Investment in the stock market will reap you benefits in long-run
- We are going through the Global Recession, but this shall pass soon
- How can you learn about savings and investment during the lockdown due to covid 19 pandemic?
- Is this the time to get into investing in the share market?
As we sit in our homes under lockdown, watching the world suffer from and fight a covid 19 pandemic, the Global Economy and the Stock Market is taking a drastic hit as well.
The markets have touched new lows in the past few months.
As more nations try to cope with the disease, the future of the world economy is very uncertain and unstable.
|Table of Contents|
|What if we invest during this Covid 19 pandemic?|
|What if we save during this pandemic?|
|Things to avoid during Covid 19 Pandemic|
Keeping this in mind, there is an essential question that comes to our mind in this situation – Should we save, or invest, during this pandemic?
So, looking at the current scenario, what should we choose to do?
What if we invest during this Covid 19 pandemic?
Time and time again, India has faced Global Recession and recovered from them as well.
Now, as we face another such situation, we must remember that this too shall pass.
Also, before any type of investing, we need to take into account the current instability of the market.
The world’s markets are bound to face the consequences of this pandemic till the time India and some other countries don’t show promising recoveries.
Moreover, there are some sectors which will bear losses or gain profits during and after the pandemic.
So in case you are planning to invest in any of the sectors, do have a look at the above-mentioned blog.
Begin your stock market learning during this Pandemic with ELM App
What if we save during this pandemic?
Considering that we are all facing a crisis, it should be best to save money for now – be it for supplies, hospital bills or our basic necessities.
As we have mentioned before, it would be useless to make any investment decisions where you are expecting returns and wealth creation.
Most of us might avoid the stock market and shift our money to various government savings schemes, but that won’t provide much returns either.
Due to the downturn in the economy, the Government has slashed interest rates on these schemes to discourage deposits.
To reduce the negative effects of unfortunate events on your family’s future, starting financial planning as early as possible is a must for parents.
Therefore, at this time, it’s for the best if you keep all your money aside for emergencies.
Things to avoid during Covid 19 Pandemic
As we’ve seen from the points mentioned above, it’s clear that the market situation is quite difficult to invest in.
This market situation is a time of learning and introspection, rather than direct investing to gain profits.
If you are investing through SIPs, you shouldn’t put those on hold, but any other major investment decision needs to be carefully taken and even avoided if you require more liquid assets.
Suggested Read – COVID 19: Sectors to Benefit post Lockdown
Even if we are in the safety of our homes, we cannot deny that we are all living in a state of emergency.
No matter what the situation is, saving money has always given a cushion to our tough times. And in long terms, investments will always help to recover any pandemic situation.
Help us to know what is your take on this question, Whichwhich one would you suggest in the current scenario – Save or Invest?