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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Surprise. Yep, this happens to many at all income levels. The blindside called Covid-19 changed the norm, what will 2021 and 2022 look like with the change of business operations, employment and financial services. Is your employment secure, will your employer survive, will your savings account rebound, will your employee pension be there ?
Tomorrow the questions will still be there, along with all the hype about Gold, Financial markets, Bitcoin and Real-Estate. What will your tomorrow be like, what will your retirement be like. Will you be retiring in a down market, pandemic, contract employment, less savings and heavily mortgaged real-estate or will you be liquid and flexible. Money, protected assets and cash-flow is not interested in the colour/color of your skin, the accent with which you speak, zip/postal code and social standing. Like anything in life, you need to be in a position to consider going with a transaction/purchase or walking away. But to do any transaction/purchase without knowing exactly what you are entering into, or walking away from, will change your path in life.
SunKlub International offers a service, an escrow-membership service. This service is designed to ensure you receive the retirement living program you selected. What you do outside of the program, does not change the retirement living program you selected.