3 Financial Mistakes You'll Regret During COVID-19
COVID-19 has impacted millions of Americans' mental and financial health. If you're having money worries right about now, you're in good company, but the moves you make in the coming weeks or months could spell the difference between emerging from the crisis financially unscathed or hurting for years. Here are three big mistakes it pays to avoid at all costs.
COVID-19 has sent the stock market on a roller coaster ride since cases started multiplying rapidly back in March. As such, there's a good chance your investment portfolio is down right now, and that's an unsettling notion to grapple with. But before you start selling off stocks left and right out of panic, remember that you only lock in actual losses when you unload investments when they're down. If you sit tight and wait for the market to recover, you may not lose so much as a dime. And if you're thinking of cashing out investments when they're down because you need the money, first explore other options. You may be able to borrow in an affordable fashion to tide yourself over for a bit, or take a withdrawal from your emergency fund to ride out the crisis.
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Source Fool.com
