Business Insider / Personal Finance: I’m a financial planner, and there are 2 smart ways to manage your investments while the market is dropping
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- The coronavirus is wiping out stock market gains made since the end of the Great Recession, and you’ve probably seen a dip in the value of your investments.
- Selling now would be the worst decision, though — the value of your portfolio will rise once this market volatility passes. The best bet is to stay the course and leave your investments alone.
- You could also consider investing more now while shares are “on sale” — your investment may grow exponentially in value over time.
- Use SmartAsset’s free tool to connect with a financial planner in your area »
As the coronavirus pandemic sweeps the globe, markets are reacting with more volatility than usual. The uncertainty is causing the price of shares to drop, and experts are left speculating whether the market will enter an extended bear market or if the economy will fall into a recession.
During all of this chaos, what should a savvy investor do?