How the Coronavirus might impact your income and what you can do about it
Here’s what you need to know - and what to do about it.How can Coronavirus affect my income? It depends. If you’re a salaried employee, for example, you’re less likely to face direct economic pressure. However, if you’re a part-time employee or earn sales commissions, your paycheck could be affected. The global ripple effect on your money has already taken place. Conferences, events, concerts and meetings have been cancelled or postponed. Think of the ripple effect.
When fear subsides, they argue, the market will continue to rise. Others say the price drop is due to underlying concerns about the economy, and Coronavirus was just the catalyst. They believe that the market may not rebound so quickly, and could have additional downside. No matter what you believe about the stock market and the economy, now is a good time to assess your stock portfolio. Don’t give into fear and make irrational decisions.
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