Episode Details

Apple becomes the most valuable US company ever as it hits $2 trillion milestone after it shares rose 60% this year. 

Elon Musk becomes the fourth richest person in the world after his stock holdings gained $8 billion in one day as Tesla's share price rise 11% to an all-time high – the share price has soared by 330% this year. He is now worth $84 billion despite owning a until recently loss-making company, which is apparently worth more than Toyota, Ford and General Motors, while selling a fraction of the number of cars!

I have lived through at least four major recessions – early 1980’s, late 80’s to early 90’s, 2008 great recession and the current 2020 one which could be the daddy of them all. Unfortunately, there will always be winners and losers in recessions which naturally culls poor performing businesses by natural selection.

Some businesses are booming during the coronavirus pandemic and recession, while other go under for good.

Here are some examples:

• Camping - Halfords say demand for tents, airbeds and stoves surged in staycation trend

• John Lewis report a 243% increase in sales of camping chairs, inflatable pillows

• Staycation - Camping pitches inundated, UK hotels and B&Bs busy as we stay home

• Cycling – My local Halfords has sold out of bikes, accessories and even pumps

• Garden furniture – prices have risen and stock appears low

• Home gym equipment – Peloton shares have gone up 300% since March 2020

• Home office equipment and work trends change and offices close

• Make up – particularly eye makeup and small luxuries

• Online shopping, Amazon, Netflix and Zoom are among the lockdown winners

• High street shops, cafes, restaurants, pubs, music venues and theatres lose out

• Takeaways and home food deliveries are doing well as restaurants suffer

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• Winners and losers in coronavirus crisis

• M&S to shed 7000 office and retail jobs

• John Lewis and Debenhams close stores

• Third of UK employers plan further job cuts

• UK economy shrinks by 20% April to June 2020

• UK is officially in recession after successive GDP falls

• One in three UK employers plan more redundancies

• Redundancies soar fivefold despite furlough scheme

• Unemployment to double 7.5% and economy slump 9.5% 

• Half as many jobs are being advertised compared to 2019

• Self-employed, have you claimed your government grant?

• Base rate held at 0.1%, interest rates to stay low for 5 years

• Lenders not passing on rate cuts and mortgage rates going up!

• The end of furlough sees millions more unemployed this autumn

• UK house prices reached a new all-time high in July as buyers return

• UK property prices jumped by 3% since June following stamp duty cut

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out