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Three ways to make moolah in the financial markets at the moment
Along those lines, here are three ways to make money in the financial markets...
1. Figure out which companies are going to be making more money as a result of the current situation...
Then buy their stock.
For example, at the time of writing, ZOOM has more than doubled in the last week.
(Went from $5.50 to $11.80 per share.)
Zoom makes videoconferencing software... Extremely useful when so many people are working from home.
2. Figure out which stocks will go down, or if the whole market will go down, and buy PUT options.
Put options are options that go up in value when the stock price goes down.
However... Keep in mind that if the stock price goes up, Put options go down in value - and can even end up being worth zero. As with everything, there is some downside risk. You have to do your research and take action accordingly.
3. Many people believe we're at the start of a bull Gold market.
To play this, you can buy gold, or gold mining stocks.
If they're right and gold goes up, you make money.
Why would gold go up? Gold is a common "safehaven" when people are afraid. The more people end up buying gold, the more the price goes up.
Last edited by Dien Rice : March 17, 2020 at 05:59 PM.
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