For new investors, and even for seasoned ones, the last few weeks have been tense. On Monday, both the S&P 500 and the Dow Jones Industrial Average saw their worst days since 2008, with the S&P 500 dropping 7.6% and the Dow dropping 7.8%. On Tuesday morning, the markets surged, with both indexes jumping more than 3%, before giving up much of those gains by noon. Traders continue to fear the coronavirus’s potential effects on the world economy.
Experts caution that it’s important to stay calm. Here’s what certified financial planners across the country are telling worried clients and how they’re helping to assuage their fears about their investments.
More: ‘This will, like other storms, pass’: How financial planners are helping clients manage market swings