Salt crisis hits Dhaka the next day. And people are rushing to stores for salt packets. Add with it the ongoing undeclared transport strike.
What to do in these circumstances? Here' s what I do.
Don't buy to fill store. Only buy what you need and when you need it -- as if there was no crisis.
The whole act of "buy and stock, because price will jump tomorrow." will waste *your* money.
I am not talking about what's good for the country, good for other people or good for the market. I am talking about you. And you will lose if in a crisis market you buy to stock for tomorrow out of fear that price will increase.
In 99% of cases price won't increase. It will fall. And you will end up with a stock of 10 packs of salt purchased at 120/pack, when the market might have fallen to a third of that price.
Crisis don't last long. That's the point. And even if it does, you won't be able to profit by "timing your purchase." Take lesson from stock market.
Well, that was my view anyway.