Till the beginning of Game of Throne Season 7, you would always see Jon Snow awarning everyone Winter is Coming but, nobody cared. Similar is the situation with the market today, Market Crash is Coming almost 10 years no major crash.
Game of Thrones.
Wait I hope you are aware of Game of Thrones, mostly searched as Game of throne Wikipedia or Games of throne wiki. I still prefer to go for GOT 😉 and its correct name is Game of Thrones don't know why everyone shuffles it 'S'.
Game of Thrones is an American frictional television show about Nine noble families take up arms against one another in order to gain control over Westeros, carefree about the enemy beyond Northen Wall, created by David Benioff and D. B. Weiss for HBO.
5 Investments Management Idea from Game of Thrones Cast
1. Diversify like Daenerys Targaryen
Much popular character of Game of Thrones is Daenerys Targaryen, also popularly known as Dragon Queen. She has 3 dragons under her control similarly, you need to diversify your investments into alternative investment at least 3 assets.
- Investment in real estate
- Investments in stocks
- Investment in gold
As shown in the Game of throne season 7, during the first fight of Winterfall she losses her one dragon similarly during every crisis one of the above three investments is adversely affected and if a market crash is too deep, you might almost lose your second dragon too similar to the situation in the Game of Thrones Season 8. But, even one good investment can take you out of the crisis.
2. Think like Jon Snow
Jon Snow since the beginning of GOT is only one character who is worried about the Northen Wall. Similarly, you need to always take care of your investments, don't just blindly invest because you have money. Have your Investment definition and work on those lines. Don't let your ego came in between, like Jon Show always be ready to surrender you Norther Lordship, to Daenerys Targaryen to protect your wall. Just remember neither Lehman Brothers nor Kingfisher Employees got time to plan their retirement. Now Jet Airway employees are in a similar situation, hope Jet Airway recover from their crises soon.
3. Act like Tyrion Lannister
Tyrion Lannister character is your Investments advisory. They move from product to product based on what's working best in the market. Similarly, even you need to move to a safe haven based on the market situation, don't think this time it's different. A market crash is much darker than Game of Thrones Season 8 Ep 3 fight against Winterfall. Check out Youtube videos on a previous market crash.
4. Be like Arya Stark
Arya Stark is like a Black horse in GOT, she prepares herself before any issue arises. This helps her to tackle all problems on her way. Sometimes, living and thinking different from others can make you lonely but, herd mentality will definitely lead to your end. In a market crash, everyone suffers but you should try to survive the max and hope to see a brighter morning tomorrow.
5. Watch like Sansa Stark
If you want to make effortlessly, invest in Index Funds / Index ETF and enjoy the show. 90% of people are even unable to bet index returns in the long term. So, why fight just be the room and watch market movement. In the end, you might win or loss based on the market return.
Conclusion:
Markets are lead indicators of any economy. When the market crashes there is an economic slowdown and this leads to job loss, production loss and people start losing purchasing power. Many rich turn poor, some loss their wealth, some their family and friend, some even loss their life in grief. But, every dark end has a new ray of light and this opportunity turns many poor rich in such a crash.
How will you face the next market crash?
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