The crisis of investmentshas put financial pressure on millions of thousands of sick and most people. The last thing many of us want to do now is look at our
If you haven't already, don't try it. Through March, the S&P 500 had its worst quarter since 2008, while the Dow Jones had not fallen as much since 1
Chances are you've already looked and are concerned about the money you've lost. That feeling is normal – and probably common. But if you're wondering what to do with such a tumultuous market, there's a simple answer: nothing.
Before taking drastic steps with your investments, consider which ones are best for your finances right now.
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1. Assess the damage
You are probably in a panic. Watching your investments wash away in hours, days or weeks is not exactly a fun time. But instead of panicking, use this time to see which investments are worth keeping and which ones to drop.
Use this time to evaluate long-term goals. Do you like to lose more money – even in the short term? Chances are your earnings will continue to drop and if you need your money in the coming months to a year you may need to move it to a more stable account.
It may be time to reduce your losses for certain securities and use that money elsewhere. If you need the money, use it. Otherwise reinvest in the market, be it stocks you can buy cheap or dividend paying stocks where you get a payout every month or quarter.
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2. Evaluate Your Portfolio
Apart from a handful of companies, most stocks are currently suffering. That sounds bad – and it is for most other things. But it can be a very good thing for your portfolio later on.
If you have extra money on hand, invest in the shares that were once too expensive. The strongest companies are likely to be here when the crisis is over. Look at the costs and see which ones you want to add to your investments.
You can also look at companies and sectors in which you have not invested. For example, healthcare and industry can be something to discover.
3. Call back shares only
While your portfolio should already be diversified, now might be the time to consider a conservative move. If you are closer to retirement but are not ready to give up your stock market investments, look at more conservative investments. Non-equity investments are things like:
Lower risk investments can keep you from losing money before seeing significant gains again, but you may not lose as much as if most of your money were in shares.  4. Stick it out
It is easy to hesitate when you see investment falling. But the younger you are, the more likely you are to enjoy a stock market recovery. The 2008 recession lasted a year and a half, but most lasted less than a year. (The other exception is The Great Depression, which lasted nine years.)
Since most recessions are short-lived, keep in mind that the stock market plunge is also short-lived. Once you are on the other side, you will see your investments flourish – perhaps even better than before.
5. Wind up if you have to
Although younger people have the luxury of driving it out, not everyone can afford it. For starters, you may be closer to retirement. This means you can't afford to take bigger risks – including waiting for a recovery you're not sure will come before you stop working.
If you lose your job or are faced with significantly shorter hours (and a lower salary), you may not feel comfortable keeping your money on the stock market longer than necessary. Taking your money with you is not a bad thing if you need to. It is better to cover your costs rather than incur debt so that your investments can earn a little more later. If you need it now, use it now. Otherwise, try to postpone winding up. You may find other, safer investments, but if you wait for it, you can get a big payout in the long run.