Investment during recession and my LPUD participation
Hello everyone, how are you doing today?
I want to talk around making a good use of the recessive period, and of course everyone hates the recession but this changes nothing, it will still happen. So, rather than fall down and die in despair of the present economic state of the world, you can as well surf of opportunities and make effective use of them till the economy recovers. And mind you, if you truly made good use of the opportunities to successful endeavors, you would not be one of those crying for a change in the economy. You would prefer it the way it is, because it is of much value to you that way.
I see investment as spending money, time or effort for a benefit on a short term or long term basis. The definition of investment is very much alike to that of capital. It simply entails setting aside assets, mostly financial asset, to gain profit in a short while or in the future.
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.link
If there is something I have learned during my short time here, it is that there is always a good time to invest. A very close opportunity where you hit the jackpot, it always seem like magic to others observing. This kind of opportunity does not come often of course, but it really does come. Even during the dark and trying times, when it looks as if there is no hope, people still come in contact with opportunities during these times.
I knew this to be true in 2020, during the Covid-19 lockdown. This was when there was a sit at home, no going to work and the source of revenue ceased for many. I know of many folks who made headway during this time, their circumstances opened their consciousness to opportunities staring them in the eye all the while. I am a case study in this event because I had opened my hive account in 2019, but I was dormant. I did not have the time nor the zeal to be active on the platform, but I got to know the essence during the time of the lockdown, and this made me up and running on the platform.
So, recession is a downward movement of economic activities in the economy. This is when the economy is receding and going backwards. During these times, nothing seems to be the same. But we can still see some folks making head way during these times, so why should you be any different?
A recession is a significant, widespread, and prolonged downturn in economic activity. Link
The time of recession presents certain opportunities because it is a time to sow, a time to invest, a time to wait in patience till there is a boom. So, take advantage of the time you are in, and instead of complaining, take such time to maximize opportunities before you. When the economy recovers, you will be ahead of the storm.
I would like to invite you to join the ongoing Hive Zealy Campaign Outreach aimed at bringing more users to the hive community. It is fun and you are rewarded for your efforts, because a prize pool of 5000hbd is to be won. You can join through this link, you can tell your friends too:
LPUD Participation
Today is Leo power up day, and I am proud to be one of the beautiful people participating in this month’s LPUD. I will be powering up 150 $LEO, because I believe in the future and vision of Leo. Like I said earlier, this is part of investing during the recession, sowing seeds for the future. You can do better by powering up your Leo too.
Thank you for your time...