Are We in a Recession? Should We Buy Stock Right Now?


Manage episode 256953619 series 2394117
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We face a very unique situation right now with the current pandemic. Coronavirus/Covid-19 is driving the economy downward drastically and we certainly weren't prepared for it. So with that said, what are you going to do about it in your world? There's a lot of risk but there might be opportunity, too.

"As long as cryptocurrency remains hypothetical, it'll be more volatile." - Tai Lopez

(click to tweet)

Points to keep in mind:

  • The world order is bound to change in light of today's circumstance.
  • You can either freak out, or you can stay calm. What's gonna happen is what's gonna happen.
  • Narcissism and Machiavellianism are completely different personalities.
  • Always be mindful of both sides of the narrative,
  • Cryptocurrency can be a volatile and risky market.
  • Your investing should be primarily in things you have control of.
  • A key rule of thumb to investing is buy when the market is low; sell when the market is high.
  • Live your life with caution, but don't live your life out of fear.
  • You should only be putting walls up after an experience. Not before.
  • Don't be intimidated by the powers that be, but don't be disrespectful.
  • Living a reactionary life means you're never prepared for what's next. Be proactive, not reactive.

"Buy low, sell high." - Tai Lopez

(click to tweet)

Summary: In this era, there's a lot of fear and chaos throughout society. Everyone is reacting to things rather than preparing for them. Don't fall into that stream of living.

Live a life of strategy.

"If you always react, you never strategize." - Tai Lopez

(click to tweet)

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