Should You Buy Stocks Due to the Coronavirus Crash? Check These Boxes Off First

Stocks are on sale. That's good news for people who can afford to invest, but not everyone should be buying.

Whether you should buy depends upon your personal situation, not the price of shares you might want to buy. Think of it this way. It's Black Friday and a 70-inch television you want has dropped from $700 to $350. That's a 50% discount which makes buying seem like a good idea.

But maybe you have very little savings and uncertain job prospects. That makes buying an unessential item (you don't need a big TV) a bad idea. The same logic applies to stocks even if they have the potential to rise in value (which a big-screen TV does not offer).

Source Fool.com