Quote:
Originally Posted by Kodos
Yeah. I'm reluctantly in the camp that thinks things are going to get BAD with the virus. And that businesses are going to get hit hard in their bottom lines.
|
I sort of feel this too, but I feel like there is currently a massive amount of fearmongering and clickbait titles going around right now that doesn't seem helpful. I had a news notification on my phone this mornign and the title was something like "You'll probably catch Coronavirus at some point"
Right now I'm just stocking up a little extra on canned goods each time I go get groceries, so if things do get worse I don't have to do it in a panic when everyone else in the country is doing the same thing.
As far as stocks/401k's go, I'm in the "do not try to time the market" camp. Just keep contributing whatever you are right now on the same schedule. The market will recover, and you'll have been making regular contributions at various points all the way down and when it recovers you'll reap the rewards, all good.