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.
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:
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
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.
Australia heads for recession as stock market falls 7.33% in worst day since GFCMarket loses around $140bn and economists forecast first slump since 1991, as two Sydney schools are closed and coronavirus cases grow Stock prices aren’t what makes a recession I suspect the world will fall into a recession before all of this is over. Will Trump buy Australia? 🤔
Source: The Guardian - 🏆 84. / 53 Read more »
Donald Trump claims the market plunge is 'GOOD for the consumer'Donald Trump claimed the plunging stock market was 'good' for consumers because it is based on cheaper gas Monday as Wall Street faced a fall so dramatic trading was briefly halted. What the hell is this guy on 🤔😟 Did you not notice him wipe his hands before climbing the Beast like Charlie Chaplin in The Great Dictator. I'm sure somebody sanitized his hands before touching anywhere.
Source: Daily Mail Online - 🏆 135. / 51 Read more »
Stock market has worst day since 2008 meltdownMarkets posted worst day since December 2008 when markets were still reeling from Lehman Brothers collapse and housing crisis Wow, never saw this coming ... (!) Keep falling You need to specify which stock market since you are a UK news site reporting on purportedly US news. Know your borders.
Source: The Independent - 🏆 80. / 59 Read more »