Two years of Corona, inflation and now the Ukraine war – many investors are unsettled, because even in the bank their own money loses value. Financial expert Sandra Navidi gives tips on how to make your savings crisis-proof.
Netflix down 68 percent, PayPal down 59 percent, Zoom down 50 percent… Almost everything that made life easier in the times of Corona seems to be losing value at the moment. Specifically, the listed tech stocks. Of course, this is not only due to Corona, but also to inflation and the war in Ukraine. Financial and stock market expert Sandra Navidi advises caution in the 277th episode of “Today Important”: “It will still not be easy for investors.” So what to do with our money that loses value in the bank, but also in said shares?
Tips from the financial expert: “The first goal should be wealth preservation”
The fact that the war in Ukraine has consequences for the stock markets can be seen in concrete terms: high energy prices, sanctions and supply chain difficulties lead to higher prices and growing inflation, explains Sandra Navidi in an interview with Michel Abdollahi. Navidi is an attorney, business consultant, and founder and CEO of BeyondGlobal LLC. From New York, she analyzes the global financial sector and advises small investors in particular: “When investing, you should focus on companies that are crisis-proof, on which you depend. These include, for example, food or diaper manufacturers, i.e. companies have the pricing power.” You can still invest in stocks, but then as diversified as possible and more in the form of ETFs than in individual stocks.
Sanctions also damage their own economy
The sanctions imposed on Russia in particular by the West are also having an impact on the international financial market and increasing uncertainty. Asked about Russia’s role in the world market, Navidi replies that the Russian economy is small and relatively insignificant. “What you shouldn’t neglect, however, is the fact that Russia is sitting on the world’s largest trove of raw materials. And that’s not just oil and gas, but also, for example, metals that we need for the energy transition.” From a purely economic point of view, the financial expert therefore warns against losing control over the consequences of the sanctions in the long term: “When you introduce sanctions, it always means that you harm yourself to a certain extent. But we have to be careful and make sure that we not trigger chain reactions with domino effects that we can no longer control afterwards.”
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