Consider this investment if you're worried about losing all your money | | | WED, AUG 07, 2019 | | | This week's fierce plunge of the Dow Jones Industrial Average on Monday, the result of escalating trade and currency tensions between the U.S. and China, is a stark reminder that, at some point, this history-making bull market is going to end. And you need to be ready.
Fortunately, we've got you covered with this smart collection of stories ranging from what you should do with your 401(k) (probably nothing) to why going to cash means you'll likely miss out on the rebound. And, indeed, on Tuesday, the Dow clawed back a good chunk of those losses. However, the forecast is likely for continued market volatility. We have noted mind-body expert Deepak Chopra offering tips on how to stay calm amid the gyrating markets and a roadmap for shielding your savings if the trade war continues.
The bottom line for skittish investors: Remember, this too shall pass.
For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. | --> Do this with your 401(k) as the market tanks | A roller coaster ride from the market may have you tempted to move around your allocations in your retirement nest egg. Financial advisors instead say you should revisit your plan and be savvy about potential opportunities. | | | Why the stock market must go down | "I want you to picture a world in which stocks never went down. What multiple would you pay for the earnings of a public company's stock if it was never going to drop?" | | |
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ReplyDeleteSpandana Sphoorty
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