The Covid-19 pandemic caught the world off guard and those who had no emergency reserve learned in the worst possible way how fundamental it is to every type of investor.
The conclusion is from experts who participated in Monday’s live on financial planning to put together a diversified investment portfolio, during the second edition of Money Week.
“It’s a real bind to live this moment in fear of getting sick and also afraid to see your finances in disarray”, said Annalisa Dal Zotto, financial planner and partner at ParMaris.
For her, those who actually left the money saved for the emergency, noticed that this reserve is a “gift”. “I noticed that now people are realizing that financial management will be an important legacy”, she said, noting that the pandemic is a health problem, but also an economics and finance problem.
According to Dal Zotto, the pandemic showed how financial planning is valid, important and liberating, besides bringing security. “Financial reserves are important and serve to be used in investment opportunities and for emergencies such as the one resulting from the pandemic”, she noted.
Crisis has the potential to change people’s attitudes towards money
For André Massaro, a financial educator and author of books on the subject, the pandemic can leave an important legacy for personal financial planning.
“The covid-19 pandemic has highlighted a number of weaknesses among people who have been caught unprepared financially”, he said, adding that the current crisis has the potential to change people’s attitudes toward money use.
The current economic scenario, imposed by coronavirus measures, points to a prolonged recession and opens a unique window of opportunity for investments in traditionally anticyclical assets in 2020, such as cryptoassets. The statement, which is in Transfero’s investment thesis, was made by the company’s CEO, Thiago Cesar, in an article published in Money Times.
According to the text, investments in gold and bitcoin stand out, both from the point of view of asset protection and in the search for returns in times of global uncertainty. This is true especially in Brazil, which may have its currency heavily devalued facing the current scenario.