Negosentro | Where to Invest your Money in 2020 despite the Pandemic | There is no doubt that 2020 has got off to an extremely rocky start. The ongoing global pandemic has resulted in the whole world being put on lockdown, which in turn, has deeply disrupted the financial markets.
While a large majority of businesses are doing all they can to survive during lockdown, others are managing successfully – and in some cases, even flourishing. If you are keen to invest your money into different areas this year, opportunities are still very much present.
Certain areas search as online meetings and education tools, telecommunications and ecommerce have experienced rapid growth and in fact stand to emerge from the lockdown stronger than ever. If you are looking to invest in stocks, these may be some attractive avenues to look into.
Internet technology and digital media
Since we were all told to stay at home and keep our distance from friends, family and colleagues, many of us have turned to video calling to keep in contact. Businesses have been able to hold team meetings this way and loved ones have been using such apps to keep one another entertained by hosting a variety of fun quizzes or bingo nights.
On 23 March, 2020 – the day that lockdown was announced in the UK – video calling app, Zoom, was downloaded 2.13m times. This app now frequently tops the download charts in Apple’s app store, and people have been using it to host stag dos, first dates and even wedding ceremonies. As a result, its share price has rocketed.
If you are looking to invest your money into something worthwhile this year, internet technology is definitely worth considering.
The e-commerce industry is another sector that is thriving. As trade predominantly moves to the internet, investments in these kinds of businesses could be extremely worthwhile. Take Amazon, for example. During the coronavirus crisis, its share price has surged by more than a third, due to individuals needing items such as food, as well as other things to keep them entertained while they’re stuck indoors. The online retailer certainly deserves its ‘clear winner’ status – in order to keep up with the demand, they are even having to hire new drivers.
If you’re looking to invest in stocks, you should consider buying, holding and adding to them over time. Liaising with knowledgeable experts in the trading industry such as Tickmill should also be a priority.