Where are we in the market! These are some personal opinions from Tien. With years of experience in the financial market.
As you can see:
First, the US-China economic tensions are rising. I find this quite concerning. Especially with Trump's personality, there is a high likelihood that there will soon be factions (economic warfare).
Issue 2: why is gold rising? You may not know. Gold is the safest haven asset during an economic downturn. This time (if issue 1 escalates) there is a strong possibility of a recession even worse than after COVID.
Issue 3: comparing to COVID. Surely you all remember vividly COVID, right? People lost jobs, businesses shut down en masse. Interest rates rose to 12-13%. If this really escalates, it won't be any less. I even think interest rates could reach 20-30%, or in a worst-case scenario, 50-70%.
Issue 4. Opportunities and risks.
Risk: In the next 3-5 months (possibly longer or shorter), the company may start to cut jobs. Gold and the dollar soar, inflation occurs. 200-300k for 1 kg of pork. 50k for 1 kg of rice... if there are no precautions... disaster.
Opportunity: there are always opportunities in a recession if we seize them. Surely if it occurs: 'cash is king' - here cash means gold or USD, not Vietnamese dong! When it occurs, in 3-6 months everything will drop to the bottom of the bottom. Stocks, crypto... remember 2022 was a year that hit rock bottom. How about this year! Is there a deeper bottom than 2022? If it happens, gold and USD will help you multiply your account by 10-20 times in a short period.
So what should we do:
If possible. Please stockpile a bit of gold and US dollars. You will need them if a bad situation occurs. And it also presents an opportunity to acquire assets.
If it’s not possible: don’t buy any assets right now. Land, vehicles! I advise against it! Hold onto cash or pay off some debt if you have any!
Everyone reads this for precaution, not as investment advice!
