Investments and financial management can be challenging, and at times, one needs some guidance when making smart choices. Financial security gives you peace of mind, and when it comes to buying stocks or even a property investment, you must make sure that the deal is lucrative.
Peter Triassi is from Montreal, and he is a smart investor. He is fond of his city and says that Montreal is the ideal place in the world where you will find a unique blend of the old with the new. In the past, he has made some brilliant purchases when it comes to business and real estate, which is why he is immensely popular on social media.
According to Peter Triassi Montreal people now have to be prudent when it comes to investment in the post-COVID-19 world. Of late, he has been sharing some valuable tips and advice when it comes to making lucrative investments today. One of them is to hold on to the cash that you have kept aside for investment now. He gives you the following reasons why-
- Unpredictability- You must note that there is a lot of unpredictability in the market today. When the conditions are not certain, no market does well. The logic here is simple- if the market does not know where it is heading, investors will not know either. You never know when your cash investment can plummet to low levels. So, this is why you must refrain from parting with any cash investment now.
- Financial aid and support- Look at the market now; you will find that several companies and businesses are supported and aided by other more prominent companies. However, this trend will not last for long. The pandemic scale is enormous, and there is no surety for the future as to these companies’ performance when it comes to profits and sales. There is still a high probability that some companies and businesses will collapse soon as they struggle to stay afloat in the market.
- The fall of businesses- This year, the world has seen even big companies fall from their pedestal due to the coronavirus lockdowns and restrictions. Take, for instance, the tourism, travel, and the leisure industry; they are still struggling to survive even now. In case you invest your money at the present moment, you might lose the whole cash as there is no guarantee that the business will survive and stand the test of time.
In the opinion of Peter Triassi Montreal you must wait and watch when it comes to investments in the future. There is hope that better opportunities are likely to surface soon, but as of now, it is prudent to hold your investment cash intact. You need to observe and watch the market for a few months more. Take your time, observe, research, and hopefully, things will improve for the better for you and your investment opportunities in the future.