How to treat the financial crisis correctly?

First, various risky assets have depreciated sharply.

Such as stock market, property market and gold market. Therefore, before the crisis broke out, we tried to sell all the risky assets at hand, sell stocks and sell redundant houses. In times of crisis, cash is king.

Second, a large number of enterprises and commercial institutions went bankrupt and a large number of people lost their jobs.

In the economic crisis, all walks of life are depressed, and the bottom working class is the most injured. What we have to do is to keep our jobs as much as possible, and take the initiative to reduce our salary when necessary to tide over the difficulties with the company. Only with wage income can we hope to survive the crisis.

Third, financial institutions go bankrupt, and the cash flow of banks, trusts and other financial institutions dries up.

At this time, it is necessary to redeem all the trust wealth management products to avoid the risk of inability to pay. Don't put your money in small and medium-sized banks, try to have big banks with strong strength. The most important thing is to bring as much cash as possible at home, even if there is no money, although the probability is very low.

Fourth, try to cut costs and spend less money. You can go back to the countryside if you are unemployed.

Rural areas are self-sufficient in growing vegetables and raising chickens, and their living expenses are greatly reduced, so they can easily weather the economic crisis.

Doing the above points well can offset the risks brought by the economic crisis to the maximum extent. As the saying goes, the crisis is "dangerous" first, and then there is "opportunity". The economic recovery after the crisis is also a movement to create wealth. The cash you realized at that time can basically start to bargain-hunting.