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How will the stock market fall affect my personal finances?

  • 📰 The Guardian
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The coronavirus outbreak has caused panic. We look at how it will impact your pension, savings and investments

It’s bad, but not as grim as the headline falls in the FTSE or Dow suggest. As a rule of thumb, for every 10% fall in the FTSE, the value of your pension investments falls by about 5% to 6%. Since the coronavirus crisis gripped the markets, the FTSE 100 has fallen from around 7,400 to 6,000, a drop of 19%. So you can expect that the total value of your pension pot is down by about 9% to 11% so far.There are now 8.

 

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If over 60 you may not need to worry.

Prior to hyperinflation in Weimar, a bellhop got a gold coin as a tip. He saved it and continued his bellhopping. After everything crashed, he bought the hotel with the coin he saved.

😀

valerians_96

Bye 401k 😢

Depends if you are invested now. If you don’t own stocks, now or very soon is the time to buy. The 2% interest in your bank is nothing compared to the easy 50% 60% 70% 80% 90% you will be able to easily make

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