They identified 8 of them ... the most prominent of which are food, technology, health and internet marketing
Experts call for investing travel money and car exchange in "safe areas"
Experts called for making use of the surplus funds to start commercial projects. Photography: Ashok Verma
picture
Economic and financial experts called for directing the money that would have been spent on traveling abroad in the summer, changing cars and buying unnecessary goods, for safe investment in some areas, considering that some people stopped these behaviors during the last period due to the repercussions of the Corona pandemic, which is an important shift. Predicts the occurrence of behavioral changes in the future.
They explained to Emirates Today that there are eight areas of investment currently, including: food, technology, health, and real estate, in addition to Internet marketing projects and the delivery of goods, noting the importance of directing the surplus also to buying national bonds and investing in non-risky domestic and international bonds, The portfolios of so-called defense companies, which are guaranteed returns despite the volatility.
An important shift
In detail, the expert and financial analyst, Salah Al-Halyan, said that the current summer is a completely different summer for a large number of citizens and residents, especially those who are accustomed to certain consumer behaviors during the summer in particular, such as traveling abroad, and changing the car frequently, especially before the holidays and residency period Large weddings, as well as eating in restaurants, frequent shopping malls, and buying goods they do not primarily need.
He added that the cessation of these behaviors, during the last period, due to the repercussions of the Corona virus, is an important shift that predicts positive behavioral changes in the future, calling for taking advantage of the pandemic period and the changes that accompanied it, to shift to investment instead of spending money on things. Temporary or not helpful.
Small real estate
Al-Helyan asked that the money that would have been spent on traveling abroad, changing cars and frequenting restaurants and commercial centers, be directed to investment in some areas, such as the real estate sector, especially small investment real estate units, which are easy to rent or resell, indicating that the real estate sector in the country provides attractive opportunities. For investment with attractive purchase prices.
He stressed the importance of making use of surplus funds in starting commercial and marketing projects on the Internet, delivering goods, and establishing small and medium enterprises in various fields.
Al-Helian pointed out that the Corona crisis gave more value to manual work, which can be emulated in investing money, as some established restaurants after they learned the skill of cooking after stopping eating in restaurants for a long time, and it also made others think about professionalizing some manual work. Useful.
Great savings
For his part, the head of the training department at the Arab Monetary Fund, Dr. Ibrahim Al-Karasneh, said that the Corona pandemic made few aspects of safe investment, given that the work of most companies around the world was affected by the repercussions of the pandemic.
Al-Karasneh explained that the surpluses resulting from not traveling abroad, and not spending on many aspects of luxury consumption during the past period, can be used to invest in technology companies and food companies that have benefited from the pandemic, in addition to investing in the health sector, for those with large surpluses and savings, especially after The pandemic revealed a great need for investment in the sector, such as the production of medicines and medical devices.
He pointed out that there are positive repercussions on individuals in terms of reducing loans used to travel abroad, as some used to rely on loans to travel in the summer, considering that the effect of this extends to the economy in reducing non-performing debts resulting from the inability to repay, which will be reflected positively on the balance of payments. .
Contingency plans
In turn, the economic and financial expert, Ali Al-Hammoudi, said that the most prominent thing that the Corona pandemic alerted is the importance of having contingency plans, and having investments that give continuous returns, with the importance of saving for the family, especially if there are obligations to pay certain installments to continue the lifestyle. the appropriate.
Al-Hammoudi pointed out that the existence of a surplus as a result of not traveling abroad, stopping for a period of months from eating outside, visiting shopping centers, and other aspects of spending, requires investment in areas that are safe for the future, such as national bonds and local and international non-risk bonds, whose returns can be said. Few, but guaranteed returns and easy to facilitate, in addition to investing in the portfolios of so-called defense companies, which are companies with guaranteed returns, despite the fluctuations, such as food companies in particular.
He considered that investing in the real estate sector in the country requires a long-term investment outlook, and investing in the stock sector requires a medium or long-term investment outlook, especially since many stocks are below their market value and liquidity is still low.
Saving expenses
For his part, the economic expert, Basil Abu Taima, said that the failure of a large number of citizens and residents to travel during the summer period, in addition to the stopping of many aspects of (extravagant) consumer spending, as he described, due to the repercussions of "Corona", provides many expenses for families that should be exploited in Safe investments.
Abu Taima added that people with limited income can exploit the lack of travel and the lack of spending to invest in electronic activities for trade and marketing, while taking advantage of social media in this activity, and those with higher incomes can invest in commercial activities imposed by the circumstances of the Corona pandemic, such as investment in the fields of Food and consumer alternative or supplement to the restaurant business.
He pointed out that putting money in banks is not the best way now, especially as there is a global recession and interest rates are very low, and gold prices are very high.
The 8 domains
Food
Technology
-the health.
Small real estate investment units.
Electronic commercial and marketing projects.
National Instruments
Non-risk domestic and international bonds.
Governor of so-called defense companies, guaranteed returns.
The Corona crisis gave more value to manual labor.