Why you must be open-minded to survive the changing world of investments

In the midst of these uncertainties and unprecedented losses, companies and individuals alike, have been forced to think outside the box of normalcy

The global economy went into an unforeseen recession in March when about half of the world’s population was placed on lockdown. Global stock markets suffered a 34% loss just within a month.

After the announcement of a gradual lockdown ease, however, they began to bounce back even stronger. Despite the recovery, there still exists a cloud of uncertainty hovering over the short-term environment.

There are various possible scenarios such as; equity markets testing recent losses again, problems with implementing government policies, and many more.

In the midst of these uncertainties and unprecedented losses, companies and individuals alike, have been forced to think outside the box of normalcy. There has been a high record of innovative developments sprouting from every corner of the globe since the outbreak of the pandemic.

While some organizations are folding up, others are moving at an even faster pace. They are taking greater risks than they could have considered a few months ago, and they’re witnessing dramatic developments.

With schools having to shut down till further notice due to the pandemic, some institutions have had to create avenues for learning online. Online classes, full degrees and various kinds of training workshops are gradually becoming the new norm.

For everyone at home, either working from the comfort of their houses, or unable to work due to the lockdown, they are able to utilize these avenues to improve on their self-development.

They’re able to keep up with the growth happening in the digital world and sharpen skills they didn’t even realize that they had.

With the pandemic shutting down all forms of gathering, people have had to depend on social media and internet services to nurture their relationships and keep friends closer.

For those who work from home, there is an increased need for good internet connectivity. This helps them work efficiently even from the comfort of their homes.

Religious Organizations, entertainment industries, and business meetings have found their way online to make up for their inabilities to physically gather. These online events help bridge the gap between teammates as they can meet and share ideas or sometimes simply have fun.

Instagram, Zoom, TikTok, Mixlr, and many others are witnessing increased usages of their applications. With other sectors moving online, the trade sector has also had to move online.

WhatsApp, Instagram, e-retail stores and other social media platforms have become virtual marketplaces where buyers and sellers meet and transact. Distribution services, such as logistics and delivery services are also heavily relied on now to serve as the missing link between buyers and sellers.

Given the foregoing, it is clear that the world is at the cusp of a new era and those who succeed are those who are willing to change with the times. To survive this, one of the biggest investment skills to garner is that of flexibility and open-mindedness.

New investment opportunities will be birthed and old systems will change. In fact, many of the biggest businesses as we know it will soon be relegated to the background.

That said, there is still need to be wary. While some investments may stand the test of time, others will fade with the noise.

Written by Lawretta Egba.