Post
Topic
Board Economics
Re: Opportunities During Economic Downturns?
by
AVE5
on 23/03/2024, 09:28:13 UTC
As a general rule, economic downturns are fabulous opportunities to buy on the cheap. I know people who struck gold in the 2007 crisis by buying Real Estate at bargain prices. If stocks and shares are your thing, you can take advantage to buy cheap when there is a downturn. Or buy Bitcoin, the recent inflation crisis coincided with a drop in price to $17K. When there is panic in the streets and everyone is selling it is an opportunity to buy.

I think this scenero is only successful possible when the individual is aware that inflations will strike the economy is a close time and then gets prepared against it by purchasing an accumulating in sic a  cheap rate hopping to resell on a higher rate finally when the inflation comes.
I can agree that there are people who intentionally stocks against an inflation While there are also people who're lucky enough to stock at unaware that inflations will come. Those are benefitials during when this inflations finally comes and can make appreciatable profits and standing at the advantageous side of the season.
More to say, inflation brings amount business and lucrative initiatives to the entrepreneurs.