Mar 31, 2020
The COVID-19 virus has seen markets go into freefall in response to the crisis, the impact, and the implications of social distancing. You may have been asked to stay home from work and are experiencing a loss of wages. Perhaps you’re a small business that is suffering or a student adapting to learning from home. In this time of global economic uncertainty, it’s normal to have feelings of anxiety and panic from watching the news and stressing over how or when this crisis will end.
But, now is the time that we need to control our actions and our reactions to what is happening.
Today, I share how you can stay financially fit during a global pandemic. I share three tips for surviving this crisis, starting with staying calm and not making decisions based on your emotions. I discuss how you can assess your situation and the importance of acting now to get the assistance available, including the help offered by the government. I also share why it is helpful to talk to a financial advisor and stress the importance of communicating with those that you have financial ties with.
“Historically, individuals who regularly invest in a diversified portfolio and stay invested for the long term have typically benefitted.” - Tracey Bissett
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