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I hate to sound like a vulture capitalist, but for those of you that play the long game with stocks, like yours truly, this pandemic situation presents an opportunity.
Assuming you're able to, there are number of blue chip stocks down as far as 40%. If you look at oil and gas companies you'll see devaluations of their stock much lower than that.
Remember, I'm talking about the long game. The key is to identify companies strong enough to survive the current collapse of the economy over a long period of time.
Those type of companies will rebound handsomely when the economy recovers, the value of their stocks will rise as a result and you will either benefit from the quarterly dividens paid out or from the sale of your stock because of doing the smart thing of buying low and selling high.
Assuming you're able to, there are number of blue chip stocks down as far as 40%. If you look at oil and gas companies you'll see devaluations of their stock much lower than that.
Remember, I'm talking about the long game. The key is to identify companies strong enough to survive the current collapse of the economy over a long period of time.
Those type of companies will rebound handsomely when the economy recovers, the value of their stocks will rise as a result and you will either benefit from the quarterly dividens paid out or from the sale of your stock because of doing the smart thing of buying low and selling high.
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