Many experts believe that economic trends in the future will be increasingly difficult so that we have to prepare from now on, moreover the threat of war can occur at any time so that we have to be smart in managing finances, don't focus too much on putting money on 1 or 2 types of investment, it's safer if we divide it into many places so that it can make us safer if a problem occurs.
Yes, it is true that not a few economic observers and influencers say that 2023 will be a dark year, but we are still questioning whether it is true or not because in our area it is still not felt, because our country is not so dependent on other countries.
But when I see China, Europe and America their GDP is in a state of decline, and the needs of the people there are not being met which causes prices to soar.
When a country holding world power finds rejection from other countries regarding the export and import of its needs, this will trigger friction between the two countries and even war, and of course, this will hurt the global economic cycle.
Yeah basically diversification matters always; not just for current world economy scenario, it is always better to go diversifying our capital on more than one completely different opportunities. I personally expect the crisis between Ukraine and Russia will fade away here after but the consequences of pandemic may persist for another year. So, being prepared will not hurt anyone but might get chances to stay profitable as some assets may perform well among world economic crisis.
Yep, diversification is very important to choose in investing, of course, we want profits from various sectors and minimize losses if we focus on 1 or 2 investment sectors, some suggestions for investment sectors when world tension heats, the palm oil industry, coal, nickel, oil natural gas and natural gas industry sector which is relatively always increasing when there is global tension.
Even though we always hope that the two countries will make peace including Taiwan and China, we can't do anything, praying is the only thing we can do right now.