Coronavirus has not only disrupted our daily routines and lifestyle habits, but it has also caused a severe economic downturn around the world. The stock market is crashing, share prices are at an all-time low, and people are beginning to question their investment portfolios. This can be stressful for young and old investors alike. However, instead of taking rash remedial actions that can adversely impact your goals.
Do’s to protect your investment portfolio
Create an emergency fund
Do put your bills on hold, if you're able
Do look into refinancing your bond
Stay ready for when the market recovers
Do leave your retirement money alone
Don’ts to protect your investment portfolio
Do not let fear alter your decisions
Don't get carried away with online shopping
Don't go without health insurance
While the world battles a health pandemic, the global economy is bound to suffer too. It is hard to predict what the future holds, but panic and anxiety can make things worse. You should stick to the fundamentals of investing without tampering with your portfolio out of fear.
Contact one of our advisors for more information.
Phone: 011 803 9686
Email: vivian@pbafsa.co.za or bev@pbafsa.co.za
https://www.pbafsa.co.za/