The market drops could clue investors in to how comfortable they actually are with risk in their portfolios.
The coronavirus has reached a handful of countries across the globe, including the U.S. — and now, it’s touched retirement plans too.
As always, many financial advisers are telling investors to remain calm. Market volatility is normal and expected, especially for long-term goals like retirement.
The Dow dropped 800 points, or a 3.05% decrease and the fourth biggest single-day drop in history, on Aug. 14, 2019, but investors’ portfolios were not harmed in the long run, said Andrew Westlin, a financial planner at online advisory firm Betterment. Those who bought shares on Jan. 2, 2019 and held on to them were up 24% at the end of the year . Those who sold out of the market entirely on Aug. 14 lost out on 12% of gains.
There’s one other time when a person may want to consult a financial professional about their portfolios amid market volatility: when they’re nearing retirement. These investors have less time for their portfolios to recover, and if they’re too heavily invested in equities, they could curtail their future assets. Studies have shown some baby boomers are investing much more in risk than they should.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Corona will continue controversial promotion for hard seltzer amid coronavirus outbreakConstellation Brands will continue a marketing push for its new Corona Hard Seltzer amid controversy that its tagline 'coming ashore soon' is in poor taste.
Les mer »
People are scared of buying Corona beer amid coronavirus pandemic fears, new poll shows'Unfortunately for one of America's favorite beers, that fear has extended to [Corona] even though the illness has nothing to do with the adult beverage,' said YouGov.
Les mer »
Corona releases 'poorly timed' ad during coronavirus outbreak - Business InsiderAs the coronavirus goes global, Corona Hard Seltzer releases new ad about the beverage 'coming ashore soon'
Les mer »
The Dow just logged its worst 2-day percentage drop in two years — here are 5 reasons the stock market is tanking, and only one of them is the coronavirusThe U.S. stock market rally is starting to unravel, with a period of historic gains coming to a screeching halt, as fears the coronavirus epidemic may reach...
Les mer »
Pelosi: Stock market’s plunge is ‘disturbing,’ Trump ‘silly’ to pin fall on Democratic debateHouse Speaker Nancy Pelosi on Thursday expressed concern about the stock market’s coronavirus-driven selloff and the California Democrat also criticized President Donald Trump’s analysis of the market’s action.
Les mer »
Fears of coronavirus pandemic spreading Olympic uneaseFears that the new coronavirus outbreak is on the verge of becoming a global pan...
Les mer »