Poll: how are you responding to market volatility?
Let us know what, if anything, you’ve changed in response to falling share prices.
Investors have endured an incredibly rocky few weeks as the coronavirus pandemic continues to hammer global stocks and shares.
As the graph below shows, the FTSE 100 is down more than 30% over the last month, with companies in especially hard-hit industries like airlines and travel seeing their share price fall by up to 60%.
And it’s not just here that the effects are being felt: most indices across the world are down sharply.
How are you responding?
The mantra whenever markets plummet is for investors not to panic.
Investing is a long-term game and keeping money locked in for years will generally help you ride out any freak fluctuations.
Of course, that’s easier said than done when you’re seeing your life savings shrink in a sea of red graphs before your very eyes and it’s understandable some will be tempted to access at least some of their funds.
Conversely, others will be following the mantra of being brave when others are fearful and view this as an opportunity to snap up ‘bargain’ shares in the hope they will bank huge profits if and when normality returns to markets.
So how have you responded? Please vote in our poll below and see how your actions compare to other loveMONEY readers.
Note we’re looking specifically how you’re responding to stock market volatility, rather than any changes you might have made to other investments such as peer-to-peer, property and so on.
As always, the information included in these articles do not constitute regulated financial advice. You should seek out independent, professional financial advice before making any investment decision.
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