Passive Income in time of global pandemic.
I am chasing after sources of passive income (and I think we all should be).
It is interesting to note that all three of my sources are compromised during this time.
Investments into stocks and unit trusts. Most have dropped in their valuations. Dividends not likely.
The property market has ground to a halt. No trade means no income. Which means that no one can afford to pay leases.
Business ownership, when trade stops, businesses stop being able to derive income.
The economic downturn does have a direct impact on those that are free from needing to work.
It is important to identify areas of risk in these uncertain times (for future risk prevention strategies).