The financial crisis is a very bad situation for most people. At the same time, it is a very good period for those few who managed to prepare, quickly adapt and reorient themselves, most importantly, who have a certain margin of safety. Jumping stock prices and exchange rates do not provide an opportunity to relax, place profitable capital or wait for its growth.
Instructions
Step 1
Do not fuss, do not lose your head and do not make any sudden movements. Right now, everything needs to be done prudently and judiciously. Don't panic and don't rush to change your currency.
Step 2
It is better to keep most of your savings (about 50%) in national currency, of course, if your business does not need a constant influx of foreign money. In turn, divide the remaining part of your savings equally between euros and dollars (25% each).
Step 3
Investments during a crisis or immediately after it are the most profitable if you know what to invest in. However, this only applies to long-term investments that last at least 3-5 years. If you are not afraid of the possibility of remaining the first year or two without profit (maybe even going into the red) and there is an inclination to reasonable risk, then the contribution to industries that suffer losses will be relevant in about six months or a year. The main thing here is not to be mistaken with a company experiencing a crisis with the least losses.
Step 4
The financial crisis (especially its initial stage, when interest rates on loans have not yet increased) is the best time to take out a loan. The loan currency should be falling in relation to the rest. Only in this case, the loan will not become an overpayment for an impatient purchase, but a profitable investment of money. Just do not forget about the old rule: the money you borrowed should earn on their own interest.
Step 5
If a loan has been hanging over your head for a long time, and the currency in which it was taken continues to increase and strengthen (for example, the euro), then change it to the dollar. The main thing is to calculate all the interest correctly, as well as the commissions and costs associated with refinancing, so that you do not end up in a worse position as a result.
Step 6
You can play on the stock exchange, but remember that you can lose. In this case, you will definitely not be able to return the lost money.
