Posted by calvintaneng > 2020-03-21 14:00 | Report Abuse

YOU ARE WRONG

THE BOOK SAYS

"BE THOU DILIGENT TO KNOW THE STATE OF THY FLOCKS AND LOOK WELL TO THY HERDS"

There are stocks that will be badly hit in a great depression

And there are stocks that will survive

SO YOU MUST CHECK CAREFULLY WHAT TO LET GO AND WHAT TO HOLD

DURING GREAT DEPRESSION THESE FAILED

1) MEN'S CLOTHING STORES

So be careful of padini

2) CONSUMER DURABLES COLLAPSED

So cannot buy Petchem

3) Property sales dropped.

Cannot even pay rent. So eviction

So avoid Real Estate stocks

4) Almost 10,000 Banks in USA closed.

If you want to put money in Bank.
Don't put more than Rm250K each as more than that not covered by Insurance

What will do well?

GOVT STIMULATION JOBS LIKE NFCP

WHEN PRIVATE SECTOR FAILED TO PROVIDE JOBS GOVT MUST STEP IN WITH PUBLIC INFRAR JOBS

BASIC FOOD

BASIC TRANSPORT LIKE TAKING BUSES OR TRAINS

HEALTHCARE

SECURITY AS BAD TIME PEOPLE LOOK FOR SAFETY

BETTER DO SOMETHING