While some people are panic buying, others are panic selling.

As you may have noticed, stocks are plummeting. As fear and uncertainty grow, so does the mounting pressure to sell. When they’re sold at mass, naturally they decline in monetary value. But this doesn’t mean they’ve lost all value. Profiteers can make this COVID-19 crisis their wheelhouse, and so can you. 

Right about now you’re probably thinking: ‘how does this apply to me? I’m a high schooler working at minimum wage who can barely cover gas’. Well, if you have anything to spare (perhaps a savings account you haven’t tapped into yet) I advise you try to make your money multiply. And if you’re feeling frugal at the moment then you can always put this idea on the back burner because truth be told, they’ll probably be another opportunity some day. 

As for today, though, you have to be extremely calculating on which exact day you chose to buy in. Every seasoned stock investor is doing the same: calculating. They are waiting for the most opportune moment when the market reaches its lowest and the stocks are their cheapest. At this point, the only way is up.

This all sounds great in theory, but when is the market “at its lowest?” Well unfortunately, nobody really knows. The market relies on many factors and they’re impossible to predict. Someone could introduce a vaccine to the virus tomorrow and the market would immediately rebound, making the stock prices increase and it therefore harder for you to invest. 

At the same, the President could introduce a bill that institutes a national lockdown and inadvertently harm the market, lowering stock prices even more and making it even easier to invest. This could be said of any day, though. As Matthew McConaughey advised in the Wolf of Wall Street, the “number one rule of Wall Street [is that] nobody…and I don’t care if you’re Warren Buffet or if you’re Jimmy Buffet…nobody knows if a stock is gonna go up, down, sideways or in circles.” With this in mind, just do your best to gauge the most opportune time.

Truth be told, even if the market does drop a little more after you throw your name in the hat, you’re still going to be better off than you would have been if you had done so when the market was stronger and stocks were pricier. Just have faith that the market, more specifically what you chose to invest in, will rebound. 

With this in mind you must decide which stocks you have the most faith in. For instance, biotech stocks are booming right now for obvious reasons and will likely continue to do so after the crisis. Problem with that is that since they’re currently booming, the investment capital will be much much higher as opposed to if you invested in something with a more…futuristic and trailblazer outlook. Essentially, try to anticipate where the market will go based on what consumer demands it will soon meet. It may not manifest in something as obvious as biotech, but that just means the profit will be greater. After all, this is all about risk.