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The prognosticators are hardened in their positions: some say the markets are headed toward cataclysmic losses, and others say we are poised for a V-shaped recovery. They can’t both be right. And the truth could land anywhere in between.
Regardless, anyone with a 401(k), IRA, mutual fund, or other exposure to the stock market will likely be wondering what defensive moves to make. Hopefully, they’ll have devised a strategy with a financial advisor such as HCR Wealth Advisors, and their portfolio will be appropriately balanced based on their financial situation, age, and remaining time to retirement.
Much of the uncertainty about markets comes from whether the recent spikes in COVID-19 cases is a sign of things to come. Will the economy have to be shuttered again? Or is the virus weakening, and the spikes are simply the result of more extensive testing and more young people exposing themselves? (That should help with what’s called the “herd immunity” effect.)
HCR Wealth Advisors sees that many industries are struggling and may have difficulty reaching pre-pandemic levels ever again. Others are benefiting from the populations sheltered at home, but the benefits will phase out after the pandemic. Still, others have benefitted and will continue to do so after the Coronavirus.
Let’s look at seven industries that are thriving now, and see if they might thrive post-pandemic.
Virtual meeting facilitators
Coronavirus has made video conferencing software a critical technology for consumers and businesses. Having to work from home has accelerated the acceptance of virtual meeting software, both on the part of the employer and the employee. Safe interactions with professional service providers such as HCR have played a role as well.
Household names today are Zoom, Google Meets (ex-Hangouts), Cisco’s Webex, and Microsoft’s Teams. As an example of growth, b… Read More
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