Summary: Hey, Like me, I am sure a lot of you would have had to face a drop in your portfolios due to the corona pandemic. Fear not, here are 5 basic things to keep in mind. More in the podcast. 1.) Do not panic and sell out. You are far smarter than that! 2.) Stop speculating on risky stocks and bets. Times like this means there is a lot more of rumours and speculations. 3.) Stop worrying about things not in your control. These tough times will pass and things will get back to normal. So don’t let people going mad and stocking up on toilet paper scare you. 4.) If you have lost your income, or had to take a pay cut or you are foreseeing you may loose your jobs, then, try to build up your rainy day funds. Now may not be the best time for you to be investing. Try to have a couple of months worth of expenses in hand. This should help you continue till you find your next job and start earning a steady income. 5.) Stop logging into your account every other hour to see how your investments are doing. This will just make your blood pressure go up. Monitor your investments once in two weeks or so. Check here for more Personal Finance Podcasts on Money.
