If you are invested in large and medium company stocks that have a good product/service/management and a good dividend history or funds that hold such stocks, relax and do not panic sell. I’m an older investor and have weathered several big down turns.
This sell-off is a stupid panic and a crazy overreaction. Yes. Covid-19 is a concern and the Saudi oil price drop are tanking the market but hold on to your hats as the market will survive and come back in a few months or by next year. Don’t try to buy to catch a low point. Hold off buying until you see things are getting better. Do continue your long term savings and cash stash as you need to protect your future.
Good Advice. If you have a stomach for volatility it is a good time to pick up bargains as long as you don’t need the money. Suburban Propane for a yield (at one point) over 17%? I’ll take another 1000 shares. They won’t be cutting their dividend any time soon. The same goes for AT&T, Iron Mountain, etc.