Contest : Saving & Investment in the Global Uncertainty

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It's me @amjadsharif
From #pakistan

Of course, in view of the current global crisis, the question is very important whether making money in today's situation is a wise decision. Worldwide economic uncertainty, inflation rise, reduction of currency value, and political tensions have become a common problem. In such cases, people often prefer to keep money safe rather than invest. But the fact is that opportunities are hidden in every crisis, provided we decide with a burden and research.

Is it Wise to Invest?

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Investing can be a good decision in every age, if it is made in view of the situation, time and its financial condition. Although the current situation is uncertain, it is also true that those who make the right decisions during the crisis, later benefit from its benefits. It is very important to take a cautious approach while investing right now. Instead of following the rush or Sunni things, you should step in keeping with your goals, the ability to endure risk and time.

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Current Sources of Secure Investment

Gold (GOLD):
Gold is always considered a safe investment. In the global crisis, gold increases its price when the value of the currency begins to fall. Although gold prices also fluctuate, it is considered a safe source of long -term investment.

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Real Estate (Real Estate):
Although the real estate market is under pressure at present, buying land or property on good location can benefit in the long run. Particularly agricultural land or rental property can be a source of good income.

Cryptocurrency (cryptocurrency):
Investing in crypto currency can be very risky, especially for people who do not understand the market. However, some people try to make a profit for the short term, but it is not considered a safe source of permanent income.

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Mixed Funds (Mutual Funds):
Mutual Funds are a moderate and relatively secure investment source, especially for people who cannot directly invest in the stock market. If a good fund manager is selected, it can be a source of inflation and a source of capital increase.

Savings or Investment in Dollars:
Some people consider the dollar safe as the price of the local currency is falling, but it also fluctuates. It can benefit for a short period of time, but in the long run, accurate analysis is essential.

If I have $ 1,000 Today?

If I have 1000 US $ 1000 today I will use these three parts and use different styles:

$ 400 - Investing in gold:
I will buy some grams of gold from this amount, as it is a price -keeping asset in the global crisis. It is also safe and at some point in immediate sale.

$ 300 - Spending on Education or Skill Development:
Improving your capabilities in the present era is the biggest investment. I will spend this money on learning an online course, language learning or technology, so that I can get better income opportunities in the future.

$ 300 - Safe for Emergency:
I will keep this money safe in a digital vault or savings so that I can use it immediately if there is a sudden spending or a good investment opportunity.

Conclusion

Finally, it would be fair to say that investment is a personal decision that can vary according to each individual's financial condition, purpose and ability to endure risks. Despite the current global crisis, it is not wise to fully abandon investment, but the understanding is to choose a safe and wise path. Options such as gold, education, real estate, and mutual funds are sources that can be trusted even in today's situation, provided we avoid rush and learn permanent.