Financial Crisis. What will you do when it comes?

Off-topic general discussion, for everything else.
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Known Aim
Posts: 14

Financial Crisis. What will you do when it comes?

Post by Known Aim »

Hi guys!
Didn't find similar topics so decided to create this one :)
The crisis is coming inexorably and I wonder what you will do when it is finally here.
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Woodnote
Posts: 9

Re: Financial Crisis. What will you do when it comes?

Post by Woodnote »

Hello Known Aim!
I think that investing can in a way help to soften the consequences of this crisis bt the question is what to invest in :) everything is so unstable.
On the other hand I believe that it is significant to reduce expenditures and optimize the business if you run one. Have you ever heard of omni channel strategy? Here is an article about it https://voximplant.com/blog/omni-channel-platform
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Calvin
Posts: 4544
Location: UK

Re: Financial Crisis. What will you do when it comes?

Post by Calvin »

thing about a financial crash, or a recession, is everything is devalued... which really sux if you own stuff... but if you dont, and you are looking to acquire stuff for cheap, it is actually a good time to buy.

a lot of companies go bust in a recession, but what people forget, is that they dont evaporate into the air - the companies that dont go bust buy them and their assets cheap.
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