The COVID-19 pandemic is not only posing a threat to our health but also putting our economy, investment and community in great danger. And this pandemic is going to take a toll on your mental health. So, you have to be prepared for rainy days and have to keep on investing.
Sumit Prabhat, a software professional from Noida, talking about the current scenario, said, “We are working from home. I am little worried how long our companies can allow us to work from home. And at the end of the day if everything will be stopped that will for sure will have some ramifications. So, now I am confused about how to overhaul my investment strategy as per the turbulent times unfolding now.”
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This is just one story to tell how baffled investors are and they are struggling to know what is the right portfolio and what can be a secure avenue as the situationS are showing no sign of quick recovery. It is a long battle that has to be fought on every front.
So what are the steps you should take?
1. Don’t Panic
First and foremost you need not to worry a lot as this will be taking a toll on your health. So, read and just don’t believe anything floating on social media channels. Rather, keep a track on all the developments only from reliable and authentic sources.
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2. Consult A Financial Advisor
As we all are baffled about investment options - where to invest and how to go about it - are some key questions everyone is asking. To put an end to these confusions you have to consult a financial expert who can guide you through this.
3. Don’t Stop Investing
Seeing turbulent times looming large in front of us you should not get deterred and refrain from investing. Investment is crucial in these times and that is going to help you in the future. So, keep on investing without stopping any of your ongoing investment.
4. You Can Save A lot
As we all are under lockdown and are living a very simple life, our unwanted expenditures have already come down. This is helping you save a lot of money and boost your investment.
