- The Virtual Shipbroker
- Hi. I am a shipping company director, transport academic, author, family man and all round nice guy. I have worked as shipbroker, shipowner, freight trader and bulk charterer, in senior positions, with some of the largest and most disrespected (joke) companies in the world. Ask my advice on all things shipping and you will receive my blunt and always honest answer. Hang around to learn more about chartering and ship broker salaries, chartering and ship broker jobs, chartering and shipbroker recruitment agencies, cheap freight, maritime education, chartering and ship broker qualifications, become a ship broker, tips on how to be a successful bulk shipping executive, philosophy, Zen and the art of shipbroking, and much more. Yours The Virtual Shipbroker (recently proclaimed the guru of shipbroking) Copyright © 2020 by Virtualshipbroker Contact firstname.lastname@example.org
Wednesday, August 5, 2020
Shipbroker Hedge - Dealing with an uncertain future Part 3
This continues my series of post aimed at helping the chartering community deal with uncertainty through creative ideas, investments and side hustles
7 - Keep your Job
Now this sounds a bit boring but lets look at some facts. With gold going through the roof and most investment classes (shares, property, interest rates) going backwards - those with steady jobs and steady cashflow can make huge gains (against the flock).
If you use this time to be a little frugal and get your cash reserves up you will be in a position to take advantage of the swing when it becomes obvious that good times are returning.
What we tend to do is look at our investment returns compared to previous returns. But in reality we should look at investment returns compared to others..
So yes - saving and putting money into cash may seem like a slow burn in a usual market BUT in this market (where many have portfolios retreating by 20-50 percent) treading water and improving cash positions is actually making you rich...
9 - Start a shipping blog or write a shipping book
Too late.....market is saturated
And finally it is important to keep dreaming big.....this guy knows it!