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- The stock market has been volatile for the entire month of March, and there's really no end in sight right now. Market turmoil continues stoking the fears of investors who are starting to wonder if staying the course is the right move.
- By and large, research shows that, over time, markets come back and hit new highs again. With that in mind, now could be an excellent time to invest more money into your portfolio, or at least stay on track with the contributions you've been making.
- Financial advisers agree that now isn't the time to panic. Instead, make sure you have a comprehensive financial plan in place so you know exactly what to do during good times — and bad times like we're experiencing now.
- SmartAsset's free tool can find a financial planner to help you take control of your money »
As the novel coronavirus continues to spread with no end in sight, a lot of investors are starting to wonder what to do with their shrinking retirement accounts. After all, the S&P 500 closed nearly 30% down from market highs on March 17, and the situation could be volatile for a while.
Some investors are wondering if now is the time to reduce their risk to stem further losses. On the other hand, the drum beat to invest more since "stocks are on sale" continues.
See the rest of the story at Business Insider
See Also:
- What to do if your retirement savings have been decimated and you're planning to retire soon
- Read the letter a wealth manager sent to clients as the market tanked: 'This too shall bottom'
- I invested my daughters' savings on one of the market's worst days and I regret it, but I'm still going to leave that money alone
from Business Insider https://ift.tt/2xiCXe0
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