Banks may face a major downturn in the foreseable future. The reason is that banks own a big part of commercial real estate.
Let’s take a look at what can happen in a few months.
Real estate investment
Before the pandemic, many people invested in real estate because, although such investments are a bit lengthy, in most cases it pays off. Banks also invest in real estate for exactly the same purpose. Problem arose during the pandemic.
It used to be something that banks could count on. But now the situation is different and these commercial spaces are now empty and do not generate any profit. This is logical, because when a hotel has to close due to the state regulations, it cannot generate income and pay rent for the space the bank rents.
What can you do?
Investments can be profitable, but you can also lose your money. In order not to lose your property, you need to study a lot of information. However, real estate is not the only form of investment that can bring you earnings. If you want to start small, investing in cryptocurrencies could be the right way for you.
You can try investing, for example, in our PlatonCoin (PLTC), which offers many uses. It can be used securely with many partners and is becoming increasingly popular. PlatonCoin is part of an ecosystem in which we strive for financial freedom and a secure future for everyone. At the same time, we are preparing an educational program on investing in cryptocurrencies, where we will describe in detail how not to get bogged down when investing.
Investments can be profitable, but unfortunately also not profitable. It all depends on skills, experience and education. It’s not easy, but you can start slowly and with smaller amounts. At the same time, remember the golden rule of investing: invest only as much as you can afford to lose.