4.6 • 1.8K Ratings
🗓️ 11 March 2020
⏱️ 4 minutes
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0:00.0 | Welcome to the Jill on Money Podcast. It's another extra bonus, somewhat emergency |
0:09.6 | type of podcast because we are hearing from so many of you wondering what is the best move |
0:16.2 | to make now. I know as an investor it's pretty gut-wrenching to see thousands of |
0:22.0 | points back and forth in the Dow, seven, eight percent moves, followed |
0:26.8 | by three, four percent moves. It is gut-wrenching. I get it. In order to really maintain your calm and your cool, here is a segment I did for |
0:36.5 | CBS this morning, which kind of lays out what you should be doing with your money right now. |
0:43.2 | In today's Aon Money, How to Invest When Markets Are in Turmoil Like Now. |
0:48.6 | Stocks Plummied amid growing concerns about the economic impact of the coronavirus. The Dow plunged more |
0:54.6 | than 2,000 points yesterday. Its worst one-day point decline ever. In |
0:59.8 | percentage terms, it was the biggest sell-off since 2008. The slump pushed stocks close to a bare |
1:06.0 | market defined as a 20 percent drop from their peak. |
1:09.6 | CBS News Business analyst Jill Schlesinger is here with advice about your investments. |
1:13.8 | Jill good morning. |
1:14.8 | What do you do to ease your fears in a moment like this? |
1:18.1 | I think you go back to basics and you say to yourself, let me remind myself what I'm doing here. I am saving for usually a |
1:25.0 | long-term goal probably decades in the future. And that can really start to calm you down. |
1:30.8 | Also, for most of us we have diversified portfolios. We've got |
1:35.0 | some in stocks, but maybe some in bonds, some in cash, and maybe even some a |
1:39.1 | little piece in gold, and that can make you feel better. I'm not the person who says don't check your accounts by the way because I think sometimes when you check your accounts |
1:46.4 | you're like oh I didn't fall 8% yesterday I actually feel better if you are really freaking at sometimes. |
1:54.0 | But I will say this. |
1:56.0 | If you really are freaking out, |
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