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."
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »