Meet the Reporter: A Profitable New Hobby | The Odyssey Online
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Meet the Reporter: A Profitable New Hobby

A weakened economy makes investing so much more appealing, but it's still risky

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Meet the Reporter: A Profitable New Hobby

The extended quarantine has done everything from making me melt with boredom to planning out my paper product plan B. However, not everything has to be disappointing during this time, and there's so much you can do.

We've seen athletes use this time to train excessively and for other Americans to learn a new skill or take up a new hobby. Now money isn't what life is about in the slightest, but it can help make life more enjoyable.

That's why I'm sharing with you my brand-new hobby since there's a chance for you to make some serious cha-ching! It's investing in the stock market.

First, as a disclaimer, I'm not a financial advisor or have had any training giving investment advice so take what I say at face value.

With the current state of the economy being so poor, there hasn't been a better time to invest your money into companies in over a decade thanks to the hefty discounts from poor sales numbers.

I learned during quarantine from various financial YouTubers that your money should work for you as you age. I spent so long leaving my money in a savings account that provided little to no interest at all.

Now, you shouldn't be investing money in a volatile market unless all your check marks are covered, that being a secure "rainy day fund" and a steady stream of income to pay your bills.

It's an awesome hobby because it allows me to spend hours looking at company balance sheets, reading business insider articles, and deciding what companies deserve my investment the most. You can also monitor the market almost every day, which is perfect ever since live sports stopped.

I love being able to place some of my wealth into companies I enjoy and use every day, as well as take some risks on what industries I feel will become so much larger in a few years.

This hobby has helped get me through quarantine and will most likely make my future so much brighter.

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
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