Got Ya. It’s going to be a crazy ride for the rest of 2020 and most of 2021, and lots of people will have advise to offer. But you should consider advice, and keep your money, stocks and real estate locked. (This is only an opinion, not advise !) When the dust settles there will be confusion and opportunity. Still you need to be careful about the advise you get and the advice you receive, there will be less retail employment, more software employment, swings in gig and service employment. Manufacturing will use the Covid-19 experience to shrink people employment and move more to Bots or close, there will also be a consolidation in manufacturing and distributing sector.
The upside will be the large number of employees taking early and regular retirement. This will open employment up for a few, not the many. The era of Big North American manufacturing is over, we are moving to service, software and finance. These industries employ technology, people with the know-how and those with the ability to self-finance to take advantage of the service offerings. Government employment might do most of the heavy lifting, but this can cause problems for our currency, if the Government gets too heavy. Now about winning financially after covid-19, who knows.
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