Quote:
Originally Posted by Bmwe5320023.0
Haha that is smart! 
Well it might be a smarter move at this time to invest into some beaten up stocks instead of bmw parts haha!
This coronavirus is going to end in a few months. The oil prices have nowhere to go but up...Russia and Saudis can't keep flooding the market for too long, I'd say another year max.
Maybe a good time to pick up some oil and other stocks at good prices$ |
Be careful with stocks in US markets - don't get scammed into thinking it's a deal. The fed is printing out over 6 trillion that will thin the value and inflate the DJIA numbers as well as extending the bull market expansion bubble.
Also consider the BoC going to be printing over 90 billion, adding to the inflationary crisis in Canada.
Right now it's a good time if you have CAD in the bank, to hedge into the stronger currencies like AUD and GBP, and even USD.
One thing that makes sense as a consumer is to buy a lot of refined gasoline in bulk now that it's at an all-time low. If you can use it over a 1-2 year period when the prices go back up, you will end up with a benefit of lowering your costs over time. It's a commodity that you can be assured you will be required to consume, and it's a low risk investment since all you have to do is store it with some preservative and make sure your tanks don't tip over..
The regular fuel in my town is 86 cents a litre, the lowest I've ever seen it in 20 years.