We live in a time that just seems like “maybe don’t invade another country”…
But, here we are.
We’re also in a time where NFT is catching up to Ukraine and Russian financial markets…
Which is also super crazy.
But we’re not going to get into that here.
I do want to say that my heart goes out to the people in Ukraine and those who have loved ones there.
It’s ok to be sad about world events, but still be excited for the stock market.
And that’s what I want to focus on today.
Let’s first address the elephant in the room:
Volatility in the stock market is bound to happen around a crisis.
What most people are doing:
Mass Hysteria
Closing Everything
Chasing “the Big one”
But you don’t want to do that.
Fear can create an environment of poor decision making.
Jeffry and I had the biggest trades of our lives 2 years ago during the start of a crisis.
** Please remember that I am not giving any personalized trading advice here and that trading involves a substantial risk of loss.
But here are some things I might do in the current situation instead of panicking:
Buy some crash protection
Buy great stocks that are on sale
Start generating passive income
Look for ways to help people in need and not just in Ukraine/Russia: I mean taking care of neighbors/ locals etc.
We live in a world where traders are trying to do too much and take too many trades.
It would be beneficial to pair everything down.
This invasion will likely produce a bullish market.
People might be too frightened to buy, but there may be a missed opportunity there.
We already know that we should expect a rough ride and volatility.
But, remember that Wall Street doesn’t like uncertainty.
It will eventually rebound.
It can be scary to buy great stocks that are on sale.
… scary AWESOME!
Here are 5 of my stock picks for the current situation.
ALL OF THESE are NOT trade recommendations. They’re ones I like. I’m not promising you’ll get a return on it.
1. PLTR: There’s a downward slide. Defense Contractor/Data Analysis. Potential to be in demand during times of conflict. I personally think it is in a position to be bought.
2. SOFI: Has potential to go well. There’s all types of risks involved, but this is a stock that’s on sale right now.
3. CVS: Selling off. I think it could overshoot the target.
4. OXY: Petroleum company. Enough said.
5. LAC: Longterm potential. Supply chain for batteries.
The podcast goes into depth on things like crash protection and specifics in the market
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