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.

ok

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

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.

Inside YouTuber Brent Rivera's Amp: scouting talent, TikTok superhero - Business InsiderAmp Studios is a talent incubator and content group founded by 22-year-old YouTuber, Brent Rivera, and his manager and business partner, Max Levine. Ghjhggjj Hiiiiiiiiiiiiii
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside an American coronavirus containment zone, business anxiety is spreadingSome businesses in an American coronavirus containment zone are planning to shut their locations for at least two weeks. That's a tough pill to swallow for many small businesses, which notoriously operate on razor-thin margins. But they may have no choice. Two weeks isn't long enough ... a month is a better time. 😩 That’s all of Iran right now.
Source: CNN - 🏆 4. / 95 Read more »

Best stocks to buy for post-coronavirus, oil crash rebound: Jim Rogers - Business InsiderJim Rogers, the famed investor who earned a 4,200% return with George Soros, told us the best 2 assets to buy for profits after a 'total collapse' in markets
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market live Monday: Stocks post major losses, Dow's worst point drop ever, Oil tanks 24%Why did bank stocks plunge so low today? It has to do with what yields are doing. WilfredFrost breaks it down. WilfredFrost 🤣🤣🤣🤣🤣🤣🤣😂😂🤑🤑, they going to need us Bail them out Again ? WilfredFrost What an effing joke. The oil market and all other sectors is symptoms of this coronavirus, but mostly about failed leadership. The raids on TP (etc) proves the point. You guys pollute the info market while you take as many gains as you can between the dips. Go to hell. Thoughts and prayers elonmusk
Source: CNBC - 🏆 12. / 72 Read more »

Chase Offers are my new favorite way to save money with credit cards - Business InsiderA little-known feature of Chase cards helped me save $64 at Staples, Whole Foods, and Airbnb in one month alone
Source: BusinessInsider - 🏆 729. / 51 Read more »