February 11, 2022, 1:59 pm EST
Preparation for Wars
Russia prepares to invade Ukraine for a while. It seems like the US, Europe, NATO gave their warning messages to Putin. But, the tensions escalate higher in the Russia-Ukraine regions. Warfare could bring a significant amount of pressure to the global economy and financial markets. Thus. everyone needs to prepare if the war happens.
Although majorities of stocks would suffer, some industries could be booming during warfare.
- Precious Metals: gold, silver
- Materials: alumina, steel, iron
- Defense: military, aerospace, missiles, radar, carriers
- Energy: oil
Since it has been a long time since World War II (1939-1945), today few people experienced the life of wars. However, common sense to apply is that people should be conservative in the financial markets and always prepare for the worst scenario even it does not happen.