4 smart places to put your money when the stock market tanks
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.
Since the outbreak of the new coronavirus, the markets have been up and down. Investors have seen their portfolios dip, and many people have been looking for the smartest places to keep money right now.
When it comes to investments, the smartest place for most people to keep money is exactly where it is — if it’s invested, keep it invested. As financial adviser Jeff Rose previously wrote for Business Insider, “If your goals are the same as they were last week, your portfolio should remain the same.”
However, there are some cases where you might want to move money around. If your work has suffered recently and you need to use your emergency savings for immediate expenses, it’s OK to move money into your checking account. If you don’t have emergency savings, you might want to focus on building them in a savings account instead of investing more …continued .
[Source: Business Insider]