Extreme Stress, Severe Anxiety, Hopeless Depression – Everyone of us has experienced these feelings at one point or another in our lives. COVID-19 is yet another example of an event that is completely out of our control causing yet untold consequences and it’s the mental toll from this thing that is likely to be the worst.
Whether it’s minor annoyances such as waiting in a long line outside the grocery store or finding the perfect product online and then finding out the delivery time will be several weeks. Many are dealing with more life altering pain such as losing a job, or the terrible loss of a loved one, friend or colleague. Sometimes life hits you and it feels like the only thing you can do is cry ‘Uncle!’.
The world we live in will never be the same, that is for certain. Just like the post 9-11 world, the post-COVID-19 world will leave scars that cannot be erased and pain that cannot be undone. Terrible, unspeakable things have happened, the question is: What will be your response?
Will you be part of the solution or wallow in the pain. Will you make a change or stay where you are?
Let’s start with an honest assessment of your investments: Are you happy with where you are at in life? Do you have what you desire? Would you like to have a better life?
Money isn’t everything, it is a measure of stored energy – the sum value of your time and effort. How are your investments doing – are you getting the kind of returns that will allow you to have the life you want?
The good news is Forex investment allows you to take back control of your future. With your investments back on track, imagine the relief of knowing your future is secure. Imagine getting back to focusing on what is most important.
Our focus here at CWS is to be part of the solution, to offer people a way forward. So whether you’ve lost a great deal during this time and want to get back on track or if you’ve not had a plan to date and are ready to get one, now is the time for action. In a study, the Harvard Business Review found that those who have goals are 10x more likely to succeed that those who do not.(https://www.forbes.com/sites/annabelacton/2017/11/03/how-to-set-goals-and-why-you-should-do-it/#36a7adab162d)
Stocks are very difficult to pick, some advisors may talk about potential opportunities with the market being down and in particular oil stocks with the price of oil being so low, but there are a lot of things that can go terribly wrong with this approach. Number one, how to do know if the company is going to be good and solid coming out of this, that they’re not just going to take the company into bankruptcy or timing the market. You could buy in at the wrong time, the price could go down and then can you wait it out for an unknown time period and hope things will improve?
What we love about forex is it takes a macroeconomic or ‘big picture’ outlook. You see in forex you can make money in any market – bull or bear. It doesn’t matter if the economy here is up or down, or what the price of oil is. In forex, it’s all compared to what. If one economy is struggling, others will benefit.
In this most recent COVID-19 economic crisis, the US Dollar has been the biggest beneficiary as investors have fled to the perceived security the world’s reserve currency. Currencies like the UK Pound and Canadian dollars have been heavily sold off against the US Dollar. In the past 3 months alone the Canadian dollar has dropped over 5% vs the US Dollar (at one point it was down over 10%), leveraged 10 times, that’s a 50% return. Now because we put security of our investors’ capital as our number one priority we are going for singles and doubles and not home runs. If you take too much risk, like trying to pick stocks, you can easily lose your entire investment. One thing is certain: forex offers great investment potential.
It’s because forex investment allows you to get back on track and secure your future even if you’ve made mistakes in the past, even if you don’t have a lot of money right now, and YES even if you are unsure about the future.
How is this possible you may ask? Contact us to learn more, qualifications factors may apply.
TERMS AND CONDITIONS
NO INVESTMENT ADVICE
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by CWS or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CWS is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold CWS, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.
There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.
Risk Disclaimer: All investments involve risk. You should carefully evaluate any investment and the associated risks to determine whether it is suitable for your individual situation. Canadian Wealth Strategies does not and cannot under any circumstance provide tax, legal or accounting advice. The material on this website and associated social media accounts have been prepared for informational purposes only and should not be relied upon in any way for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors if you are unclear in any way. Price fluctuations in the forex market are normal and to be expected, sometimes dramatically. We have taken every reasonable precaution to mitigate against these risks and those measures are laid out plainly in our investment guide and/or in associated documents we designate. However, there may be additional risks which we could not know or reasonably foresee. All reviews are the express opinion of the individuals that wrote them and do not necessarily reflect the views and opinions of Canadian Wealth Strategies. Do not assume you can achieve the same or similar results. Past results do not in any way determine future performance. This is not a guaranteed investment. If you feel unqualified to assess the risk of this investment, we recommend you consult a professional.
This blog is a matter of opinion by the author and does in no way promise, guarantee, or hold CWS to any future predictions that may or may not have been presented. This is not meant to be take as financial advice.