Coronavirus fears are clobbering the stock market — is it doing the same to your retirement?

The coronavirus has reached a handful of countries across the globe, including the U.S. — and now, it’s touched retirement plans too.

As always, many financial advisers are telling investors to remain calm. Market volatility is normal and expected, especially for long-term goals like retirement.

The Dow dropped 800 points, or a 3.05% decrease and the fourth biggest single-day drop in history, on Aug. 14, 2019, but investors’ portfolios were not harmed in the long run, said Andrew Westlin, a financial planner at online advisory firm Betterment. Those who bought shares on Jan. 2, 2019 and held on to them were up 24% at the end of the year . Those who sold out of the market entirely on Aug. 14 lost out on 12% of gains.

There’s one other time when a person may want to consult a financial professional about their portfolios amid market volatility: when they’re nearing retirement. These investors have less time for their portfolios to recover, and if they’re too heavily invested in equities, they could curtail their future assets. Studies have shown some baby boomers are investing much more in risk than they should.

I have money on the sidelines.... waiting to lever short on a retracement.

If you have money to spend it’s going to be a good time to put it to work

Your retirement is the stock market...duh.

Who cares my retirement is 30 more years I’m buying the dips.

For those that survive this virus retirement will one day simple be a stroll to the local pharmacy for more masks and Clorox wipes.

In gold so no

Panic causes tunnel vision. Calm acceptance of danger allows us to more easily assess the situation and see the options.

No, 75% of millenials have their retirement portfolio in bitcoin. They will all be millionaires, and those stuck in the dollar will be the losers. /s

Coronavirus will fade away and stock market will come back

Bitcoin is up 28% year to date.... this party is just getting started.

You're not going to have a retirement

No, I am not stock market stupid.

This is a good chance to build the retirement portfolio for many...

Don't worry, you will always have Social Security and Medicare, if you vote out the GOP and Trump of course. We all know they are dying to cut those to fund their budget-busting unfunded permanent tax cut for corporations, who are now done buying back their stocks

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Corona releases 'poorly timed' ad during coronavirus outbreak - Business InsiderAs the coronavirus goes global, Corona Hard Seltzer releases new ad about the beverage 'coming ashore soon' pensando assim vemos a seriedade da empresa! Somewhere, it’s some poor soul’s job to answer the “we’re just reaching out for comment, are you trying to profit from the recent popularity of the coronavirus?” phone calls.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Dow just logged its worst 2-day percentage drop in two years — here are 5 reasons the stock market is tanking, and only one of them is the coronavirusThe U.S. stock market rally is starting to unravel, with a period of historic gains coming to a screeching halt, as fears the coronavirus epidemic may reach... 1) It was overbought 2) It was overbought 3) It was overbought 4) It was overbought 5) It was overbought
Source: MarketWatch - 🏆 3. / 97 Read more »

Pelosi: Stock market’s plunge is ‘disturbing,’ Trump ‘silly’ to pin fall on Democratic debateHouse Speaker Nancy Pelosi on Thursday expressed concern about the stock market’s coronavirus-driven selloff and the California Democrat also criticized President Donald Trump’s analysis of the market’s action. Nobody cares what that American hating woman thinks! How this woman is still in charge is amazing. Dems have many issues. She should go talk to “silly” gundlach then
Source: MarketWatch - 🏆 3. / 97 Read more »