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How to Handle Coronavirus Market Meltdown: Advice from the Pros
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How to Handle Coronavirus Market Meltdown: Advice from the Pros
Is there a scarier word than "pandemic"? In addition to the human toll, the coronavirus spreading around the world is also sickening supply chains and denting GDP growth. The Kiplinger Letter is forecasting a realistic, worst-case scenario wherein economic growth is cut in half, to something like 1.6% this year. (See How Hard Will Coronavirus Hit U.S., Global Economies?)No wonder stock markets are in a spiral. Concerns are so severe that the Fed took emergency measures on March 3, cutting interest rates by half a point. What should investors do?We reached out to the financial planners who contribute to our Wealth Creation channel to discover what they're telling different types of clients. Here is what they had to say. SEE ALSO: Coronavirus Infects Global Markets
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