Posts

Chances with COVID-19

avatar of @alexvan
25
@alexvan
ยท
0 views
ยท
2 min read

Hi,

as the coronavirus hits Europe and probably a lot of places will be on lock-down, a lot of business will be hit, not only here, but on a global scale. This virus has shown that it is a killer to be dependent on a country, especially like China.

Now a lot of production will be moved out of China, well a lot will be moved out of UK due to Brexit. In the past two weeks we have a lot of request for quotations of moving entire lines out of China and put of England. One out of England was awarded in 2 weeks. In the automotive world 2 weeks is nothing, but we managed to get a deal in almost 2 weeks with a ballpark quote.


A lot of business will go bankrupt in the next period, as people don't consume, a lot of bars, restaurants, stores as people will don't go out.

The entire entertainment industry will take a major hit.


I might get in difficulty with my stuff also, as it depends on so many levels on others people finances.


Well, in every crisis there is an opportunity hidden, if you have cash, stick to it, as there will be so many opportunities coming to leverage it. Just buy foreclosures of stores and use it. Don't need to make money on suffering of others, you can jump in and save business and people for a share of it.

Imagine you save the bar on the corner that you love or buy a house before it gets in foreclosure and ease the life of the people getting into distress. I think here you have a good reserve you can leverage it.

Do you see opportunities coming in as I do?