A REFLECTION: LET'S END THIS YEAR SPECTACULARLY

2020 will come to an end as we keep counting down the days. Can't lie that 2020 is considered one of the worst year ever for most people. The uncertainty still lies ahead mainly because of Covid-19 pandemic. It has an impact on several sectors of economy such as the increasing number of poverty, the deeper recession, and the slow down of economic activity.  

I never hope that it will go worse but we have to prepare for it. Even we have to take an advantage of it. There's still a chance despite the condition nowadays. Let's have ourselves a time for reflection on what we have done before the outbreak of Covid-19.

We can see above, a picture taken from my previous post, to buy gold last year and to hold it until today probably the best strategy to take. By Friday September 4th 2020, gold's price reached USD 1,933. That means it's a new all-time highest price record of gold. Let's get it noted that last year gold surprisingly made a record of the year and it keeps going on hitting new record. Imagine how much return you can gain if you had invested your money in gold last year.

 

image source: goldprice.org

And now, since gold hit USD 2,000 an ounce for the first time ever several days ago, it likely declined a little bit. I believe it's just a sort of correction. The price will just move no lower than USD 1,900. You may hold your gold for a while. There's no need to sell your gold too early and once it breaks USD 2,000 again, then it will form another higher level of resistance entry.

image source: finance.yahoo.com

During the outbreak, try to save your money in stock and invest it in consumer goods producer such as UNVR or ULTJ. The demand of consumer goods remains at its best though the outdoor activity is being limited. UNVR and ULTJ are still reasonable to buy especially for long term investment. Let's add UNVR and ULTJ to our watch list for the next one week and we'll discuss it later.

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