It is worth investing in automotive companies: expert

Despite, or perhaps precisely because of, the turmoil associated with the coronavirus pandemic, stock trading continues to provide many opportunities to earn profits. According to Jacek Fijołek, the president of the board of JCK, the owner of the CarForFriend.pl brand dealing with online consultancy and the delivery of used vehicles to Poland, Germany, and the Czech Republic, before making a decision on a specific investment, it is worth not only collecting basic knowledge about this type of activity but also distinguishing yourself the process of investing from speculation.

“The main difference between investing and speculating is how long they last. Investing is a long-term process. Speculation, on the other hand, is a short-term action. Remember, however, that despite the shorter duration, this solution is not simpler and does not guarantee quick earnings. In my opinion, you can become a speculator only after completing the full cycle of the stock market boom, which usually lasts around 12 years,” Jacek Fijołek assessed.

Jacek Fijołek also emphasized the influence of a given fashion on market behavior.

“Currently, investing funds in companies dealing with computer games is enjoying its popularity. However, when starting my adventure with investing, I would rather recommend industries that may be somewhat safer – such as automotive companies. Investments in the automotive industry are safe because, unlike other companies, they satisfy a certain constant and natural human need, i.e. the desire to move. By meeting this natural, a basic need for mobility, automotive companies, and their activities and products will always be worth paying attention to in terms of profitable investment,” believes the president of JCK.

CarForFriend.pl has been dealing with consulting and delivery of vehicles for clients in Poland, Germany, and the Czech Republic for many years. From the beginning of its existence in Poland, CarForFriend.pl belongs to the German Organization of Reliable Traders of Used Vehicles - BVFK. 

(WBJ)