Taking Advantage of Coronavirus $ - Buy!
- Ogechi Aguma
- Feb 26, 2020
- 2 min read
Updated: Sep 19, 2020
The pure fact that lives are lost due to this virus is pathetic. Families that have lost a love one will fill the impact the most. Deepest condolences.
Not letting this virus win, advantages are lurking in the corner. Most companies with heavy reliance on China will have their revenues dwindle this coming quarter.
Hence an opportunity to invest in High Value stocks after a great run this previous quarter. Apple, Facebook, major airlines all hit hard by the virus.
Data 27.02.2020 after market closed.
Energy companies were not left out. With the already low demand of fossil fuel and the push for EV - Electric Vehicles with Tesla stealing the thunder, Coronavirus has added a further squeeze Oil Company majors. Exxon mobile is down almost 30%, Chevron shedding 20% this past year. Although high dividend paying stocks but the effect of the virus is making matters worse.
Possibly good opportunity in my opinion to buy the dips in some of the Vanguard funds covering the S&P500. That way risks might be spread. Vanguard Funds PLC S&P 500 UCITS ETF USD(GBP) (VUSA). Check out fund details in Hargreaves and Lansdown website. Down today > 5%. Please do your research.
Data: 26.02.2020.
That said, taking advantage of the virus discount can greatly improve your portfolio performance. Patiently waiting for earning results could fetch you fantastic bargains. Hopefully a cure hits the globe soon and
curbs this beast because life matters.
Helpful links to keeping track of Earnings
Sites for tracking company earning dates. You can auto save dates to your phones.
Check out also www.zacks.com Earnings calendar page. Really great with filter and all.
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Recommended online Brokers
Hargreaves and Lansdown. Take a look at their fees.
Degiro - Especially for those living in Europe for examples Portugal. Take a look at their fees.
Bamboo App - Especially for those in Africa.
Do your research.
Counsel
Always try to buy stocks when they are on SALES! (basically when there is a dip in the share price).
Drip feed your investments. Share prices vary day to day especially in times economic crisis, high volatility becomes a common theme. In the same vain, be watchful of purchasing fees.
Investopedia is a great website to help you with understanding almost any financial terms and definitions.
Disclaimer
Note: Shares and Investment Lifestyle website is only for information purposes. Please do your detailed research. Any investment decision taken will solely be your responsibility. You can get back more or less capital than you invest.
Really valuable information .!