The economic impact of the coronavirus outbreak may have you thinking about — and let’s be real, losing sleep over — your finances now more than ever. With bills, investments and mortgage payments to consider, as well as looming fears about a recession, you may need an expert opinion to cut through the noise and calm your anxieties.
At a recent NerdWallet companywide discussion, four of our experts weighed in on what consumers can do during this time. Holden Lewis, Sara Rathner, Arielle O’Shea and Kimberly Palmer — NerdWallet writers and spokespeople across mortgages, credit cards and travel, investing, and personal finance, respectively — shared tips on the financial topics that are currently on everyone’s minds.
We’re sharing their responses to 10 of the biggest financial questions being asked right now. The answers have been lightly edited for clarity and length.
What should I do as a long-term investor?
Arielle O’Shea: The stock market is inciting a lot of fear right now. If you are a long-term investor — you’re not investing for a goal that is less than five years away, like a down payment for a house you want to buy in a few years — ride it out. The best reaction to these market moves