15 Ways to Protect Your Retirement Savings During the Coronavirus Outbreak
Do not sell your stocks
We have to admit that when we check our retirement or investment accounts and see the balance drop, we are inclined to sell our stocks and this is one of the most common mistakes people often make. But even though it might feel safe for you to do so, this is not a good choice. “Don’t throw money into cash and cement your loss,” Keady said.
To be more specific, if you choose to sell your stocks while they are down in value, you risk losing some money. Instead, you should give them a chance to return to normal and we bet that you won’t regret this decision in the long run.