At Wahed Invest, your investment is safe even during recession. How did I say that?
Yesterday I read the news that OPEC and Russia are lowering their Oil prices and because of that, a recession is looming and so, I was worried initially about my money at Wahed, but when I check my position although I am down by $150, I felt relieved, why? Because they withdraw the money from stocks and they move it in cash, here's the picture.
Usually my cash left is only about 2-3%, but during this time, it became half of my investment at Wahed which means before I incur more loses, they pull it out and make it cash.
This is why I love Wahed. I don't have to be an expert. I don't have to follow all the news and look at the stock market. They will do it for me.
I understand that this is not the right time to invest your money, but when are you planning to invest? When Corona Virus is over and the recession ends?
Nobody can predict the market. In my experience, the best time to invest is when you had the opportunity to set aside a small amount. Put it in Wahed and they'll invest and manage it for you.
Here's a referral code to give you a jump start.
Use This Referral Code To Get $25 Bonus
Good luck with your investment. Take it little by little. It's not a race, it's a journey.
I'm super busy - I don't really have a time to write. But, I'm doing this to document everything so, when I retire and one of my kids pursue a business, they can go back here and pick some advice.