 I'm done What's up money geeks mr. V here welcome to another video guys so into this video I want to talk to you guys about three major sectors that I plan on Moving out as soon as the economy Recovers and so in a there's a lot of reasons why I'm getting out of these sectors And I'm gonna kind of discuss that with you guys So but before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that really interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So Three major sectors of that plan to exit as soon as the economy rebound Number one is auto number two is travel number three is oil and gas This is gonna be a slow process now that I'm just gonna tomorrow. I'm gonna get out of these sectors the reason why I'm looking at getting out of these sectors is because these three sectors get hit the most each time there is a crash And I don't want to put myself in that position. So what I what I plan on doing is instead of staying in those positions I I'm gonna always buy on the dip Set on the high and move out out move out of this particular sectors I'm not gonna hold them for long term. So right now. I do have auto I do have oil and gas and I do have trouble in my portfolio And the reason why I have those is because I bought them when they were low because of the crisis But if you look long term, even if you have them long term this same particular sectors as soon as something happens As soon as there's any major Crisis this particular sectors get hit the most So I don't want to be in that position where I'm always in panic mode not knowing what's gonna happen So I plan on exiting these particular sectors as soon as the economy recovers So let's kind of take this sector and see why I don't feel comfortable staying in them long term as soon as the Economy rebound I get my profit I'm off Wait, and if it's any other crash again, and the prices drop I'll buy them and ride take my profit in them out But holding long term. I'm not doing it because it gives me a lot of stress. So number one is other industry The other industry right now people are not shopping for cars when people are in a situation like is in a crisis The first thing that comes in mind is not you thinking about getting a new car So I think car sales are down car manufacturers are struggling because people are not buying cars So and I don't want to be not in that situation. I'm gonna do car industry But I'm gonna move towards kind of like the tech car industry. So when I say tech car industry I'm talking about companies like Tesla Companies like Nikola models that are building technology alongside with cars. So What they are building technology first and then the car just carries that technology around as opposed to let's say fought Models which builds a car and then try to put technology in it These are the companies of building technology and putting a car around it So I kind of like that that space because they consider themselves more of a tech company than an auto manufacturer, so That's reason number one for for the other industry now Let's move over to travel industry travel industry gain is when people when there's a crisis people tend to stay home people tend to cut back on Leisure because that's the number one policy we can easily cut back I don't know if anybody that says oh, there's a crisis like up I want to fly to the Caribbean or to Jamaica to go have fun. That never happens, right? So travel is It's good. I can ride it when it's low by take it up. But as soon as I get to the top I'm not gonna sit there and hold it for a long time. So I like kind of a cruise royal Caribbean I mean, those are companies that are right now very low or like 60 70 80 percent down Do I want to Buy them and wait to get to the top and I hold it for a long time. No, I'm by them now I'm gonna ride them to the top. I'm gonna sell as soon as it hits the top or hits As far that I think it's good for me I'm gonna sell and focus on companies that I feel comfortable with like consumer goods and technology So that I know that they don't really get pounded easily like that. Finally if you look at oil and gas again I just talked about Electric cars with Tesla and Nikola models I'm actually did a video about Nikola model So I'm gonna hook it up here so you can definitely go check that one out I think it's a really good video Introducing a new player into the electric car space That's beside the point anyways. So if you think about You know cars is I mean they're Moving towards electric batteries and hydrogen fuel. What does that mean for oil and gas? It doesn't mean oil and gas is gonna disappear overnight But what that simply means is that it puts them in a situation where the fluctuation is very very crazy The volatility is so crazy. So I don't want to be in a situation where I'm always or constantly worrying about volatility So when these stocks are doing the prices are down, I'm gonna ride it as soon as the prices go up I just you know ride take my profit and I'm out and then I sit there and wait for the dip Remember or I can take that money and put it in other sectors that I feel comfortable in so That's what I plan on doing as soon as the economy rebound Again, three major sectors that I plan to liquidate out of my portfolio as soon as we get to the top Well, as soon as I feel like I've gotten to where I want it with those particular stocks because I bought them low Again, I'm talking about travel. I'm talking about the other industry and I'm thinking about oil and gas As soon as I get to where I feel comfortable that I've made good enough profit. I'm out and we'll see where that goes So that's it guys. Let me know in the comment section. What do you think? Do you think mr. V? You're crazy oil and gas is here to stay Auto industry is here to stay travel. It's not going anywhere Or do you agree with me that those are three sectors that we should be very very careful about the volatility It's not good. You can be very very uncertain Riding high with those let me know in the comment section Hey guys, if you're new to the channel, we talk about how to earn money how to save money how to invest and build Worth so if that's something that interests you don't hesitate to hit the subscribe button and the notification bell So that you don't miss out a new content and as always guys stay motivated