Dear readers, IMF said over last weekends that the world has entered into a global recession. And what is even more striking about IMF’s comment is that this global recession could be as bad or worse than the 2009 downturn.
But prior to IMF’s comments, I think many would have thought just as well that the current state of the global economy is rather gloomy. If not, governments the world over would not have pumped in millions on rescue packages for their countries’ economy.
Against a global recession, what’s next for investors? What should investors do?
Well, I would like to share the following pointers which also are the mantras of SG STOCKS INVESTING:
1. SAVE MORE: save more for rainy days arising from the global recession and the uncertainties it will cause. Some could also be saving toward an increased war chest to take opportunities of the stocks markets when they correct
2. BE GRATEFUL: against the current backdrop of the Covid-19 pandemic and global recession, be grateful and stay grateful for the things that we have
3. INVEST BETTER: this is for all investors out there. Global recession may be here, but the silver lining is that there are also market opportunities out there to invest in good stocks at very attractive prices.