Here's how to respond, depending on your age.Former CDC Director on Coronavirus: We still don't know how contagious or deadly this specific virus isWhen a traffic light turns red, everyone on the road is supposed to do the same thing. With the stock market, it's more complicated.
"If you have 40 years left to invest, a bear market right now is just noise and should be ignored — in fact, often celebrated," said Doug Bellfy, a certified financial planner at Synergy Financial Planning in South Glastonbury, Connecticut. He provided an example: If you're 30 with $20,000 invested, whether you earn a 10% or a 5% return will only result in a difference of around $1,000. But, Sweeney said, "if I can save aggressively, and put an extra $5,000 toward retirement, that has a much bigger effect on my portfolio value."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks post fourth gain in a row, extending a weeklong rallyStocks closed higher on Wall Street Thursday, extending the market’s solid rebound this week. How much of that 'gain' was shored up by money from the Federal Reserve? Asking for a country.
Source: latimes - 🏆 11. / 82 Read more »
Smart meter company Calisen gains 4% on London debutBritish smart meter company Calisen gained 4% on its stock market debut on Frida...
Source: Reuters - 🏆 2. / 97 Read more »
S&P 500 slips for first time this week as momentum stallsU.S. stocks are slipping in midday trading on Friday and following other markets around the world lower
Source: ABC - 🏆 471. / 51 Read more »
How Microsoft became the market's indispensable stock once againMicrosoft has transformed from what was long a slow and staid name into something like the all-purpose core holding of this market moment. Ahahahahaha Gotta love those defense contracts Microsoft behaves like a proper engineering company again. It was an amazing transformation. VS code for developing open source apps is amazing. The Surface could use some tweaks to work better with docker. But very impressed.
Source: CNBC - 🏆 12. / 72 Read more »