Investing post Coronavirus

The stock market has been scary in the last few weeks.

Chris Hopkins with Barnett & Company talks about where to put your money now.

It's just we all are rotavirus, and how to protect your so from it healthwise will wallet.

What about protecting your money.

Chris hopkins is here from barnett company tell us a few things we probably should know.

But most of us don't about the coronavirus chris good to see you this is been obviously a huge, huge and tactile financial markets worldwide global growth is projected to be what to have percent below what it is a lot of huge companies are withdrawing their profit forecast.

This is got an incredible domino ripple effect very wide and will start by the reserve cut interest rates by half point this week an emergency meeting as it translated folks like you write well for for you and me in our everyday lives.

It really has very little in fact, i mean the fact that interest rates went down is good if you're borrowing money to refinance your house for for example, is a perfect time to do it in a week.

Tennessee mortgage rates in the next month.

That probably close to historic load so i'll think about if you can refinance into a shorter-term like a 15 year mortgage.

You probably you will get rates of new eventually.

Maybe less than 3% and three quarters on a 15% loan so that be one area where it does impact does not daily lives.

In terms of you know what's what's going on with our portfolios or for one case in his role watching the screen every night received huge swing for long- term investors were returned.

W are investing for retirement were throwing money and systematically in our 41 but these these things come and go but they really we shouldn't dwell on.

So what happens is the gibson opportunity really to put money to work.

So this is actually an opportunity for the average order.

It is actually make right as opposed to losing right admin is an old adage by low, sell high.

Well, so were not as low as we were a week ago, but the fact of the matter is that systematically investin takes the guesswork out.

I could ask you, you could ask me.

I couldn't begin to tell you what's the stock market going t do on i have no idea what to get a do over next week.

I have no idea, but i have a pretty good idea over the next 10 years.

What direction it's likely to go and so you play those odds.

So what we did was we we invest systematically and regularly and routinely and then we go back periodically.

Let's say twice a year and we rebalance everything so you start with a plan.

You have an idea of got so much in us equities.

I have so much in bonds.

I've got a general game plan.

But what's happened over this last couple of weeks of stock prices of fallen bond prices arisen so if i look at my portfolio nama little heavy on bonds and i'm light on stocks what i should b doing is reversing that take some of this off would back in and long-term.

Of course, investors should never panic disorder talk about how to avoid and tell us if you have the three key points about why investors should not.

First of all over the long term.

You won't remember this this this is happened before it happens regularly, so we get these 1015% corrections on average about every two-year it happens over and over again so two years from now we will really remember this even happened.

It will and escaped our memory because we'l be on to something else would you have a long-term focus you don't obsess over the short ter thing.

So you just take those opportunities to do that is a sin rebalance your portfolio has some confidence knowing that this too will pass.

We will get through this eventually enough as you mentioned the federal reserve had stepped in there a little more aggressive than maybe they would've then 10 or 15 years ago.

In fact, we saw a nice response in the market.

The day they did that.

Also the other thing i would suggest to you is you know you take this offer unity do some of the other things mean just paying off household debt when these little panics.

It's a good time to kinda think about your househol budget.

We were only actually we were overdue for market correction right correct arctic.

So if this does enter the bear market territory.

How do we weather the storm well your if it is a good possibility that will happen.

We don't know for sure, but we do know that economic growth in the us is going slow is probably meant as a chance at least of the second quarter may be slightly negativ what you would call tech correction.

Nothing that affect our daily lives.

What the fact that the global economy is slowed so much and that'll have an impact on us so there's a good possibility that'll happen so what how how is our advice any different if we get a bear market see down 20% is down 10% and the answer is really no difference does it really chang anything fundamentally on the my retirement savings plan over th next 10 years.

I just continue to do what i'm doing and i take advantage of those opportunities.

If i have somewhat say i got some money laying around.

I've been a little worried market value, and they want to go in at that leve now you have an opportunity to go in at a better editor, so this is a good time to continue investing your for the loss of her matter to me.

This money short-term mission be in the stock surety there and if it wa it's too late now stick it out there playing in the spec is skewed to see you my friend.

We'll see you over the coming weeks we will see you on the other side of this quick break in the meantime, he touched christopher except bart that company.

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