4 stupid things to do with your money when the stock market is tanking - Business Insider

, the US markets have plunged, dragging down the value of millions of Americans' investment portfolios in a matter of days. There's no telling where it will go from here, but experts seem sure it's going to get worse before it gets better.

The best way to safeguard your money during this grisly storm? Take a pause and stick to your long-term plan. If you suspect your long-term plan requires short-term restructuring — you're in or nearingdo when the economy tanks.The Federal Reserve announced an emergency interest rate cut on March 3 and it's trickling down toIf you're saving for an upcoming goal, keep going.

is more important than ever. If the economy continues trending downward into recession territory, a cash reserve is the very best way to protect yourself against slipping into debt.is off the charts, but unless you've got cash to burn, it's best to sit tight with your current investments. It may be tempting to ditch stocks that are losing you money, but it's not as simple as it seems. The market moves quickly and selling off investments on a whim can backfire.

That is true only if you hold just indices. Those always recover, if the time frame is long enough. Individual stocks may go to zero, so panicking (early) can save you.

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Old saying - do not try to catch falling knife stockmarket investments stockmarketquotes

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