How Coronavirus is Affecting the Economy: What You Need to Know
https://www.daveramsey.com/blog/how-an-epidemic-can-affect-the-economy
@leetaur This is such bad advice. "If you’re investing, take a big breath, calm down, and remember that a rocky day, week or month won’t impact your investments 20 years from now."
That's not how it works. What you lose today will never be recovered. And no, not all of us will "get through this." Many will die, lose their jobs, lose their retirement savings, etc. Right now, the smart move is to put your savings in cash and wait for the crisis to pass. Oh, and wash your hands regularly!
@Limax If you are in the stock market, there is a strange phenomenon - people act emotionally and "buy when things are high, and sell when they're low", which is a good way to lose money.
When the stock market goes down 15-20%, that is the time to buy, when things are low.
You sell when they are high. The best time there was to buy in the "Great Recession" was at the bottom, but so many people sold "at the bottom". And that's how people lose their shirts :(
