Daily Archive: March 14, 2020

How to survive a market panic: An investor’s guide

It’s been a rough week, to say the least.

In addition to overall concern about the coronavirus pandemic, stock markets crashed, bond yields shrunk and gold — sturdy, reliable gold — gave up some recent gains. Bull markets died, bear markets took their place, and a global economic recession suddenly became a very real possibility.

What’s more, so-called circuit breakers on the Toronto Stock Exchange were triggered twice this past week after sudden drops in stock values.

Simply put, all hell broke loose.

With that in mind, we present an investor’s guide to surviving a market panic.

Should you panic?

You should not.

“That always leads to bad decisions,” Norman Levine, managing director at Toronto-based Portfolio Management Corp., said. “Emotions are your worst enemy.”

Stocks sometimes go down, but some investors may have forgotten that since they have been mostly going up since the global financial crisis more than a

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U.S. should ‘think twice’ before returning 1MDB funds to Malaysia, says ex-PM Mahathir By Reuters

© Reuters. Malaysia’s former PM Mahathir speaks during an interview in Kuala Lumpur

By A. Ananthalakshmi and Rozanna Latiff

KUALA LUMPUR (Reuters) – The United States should “think twice” before giving Malaysia back the money recovered from an anti-kleptocracy probe into state fund 1MDB, former prime minister Mahathir Mohamad said on Friday, as the party accused of graft at 1MDB was back in power.

Mahathir, 94, abruptly resigned last month before being replaced by Muhyiddin Yassin, whose coalition includes the former ruling party United Malays National Organisation despite voters rejecting UMNO in the 2018 general election amid a backlash over the multi-billion dollar scandal at 1MDB.

The U.S. Department of Justice (DoJ) says over $4.5 billion was looted from 1MDB under UMNO prime minister Najib Razak, who is now on trial for allegedly receiving some of the stolen money.

The DoJ, in its biggest ever anti-kleptocracy case, has recouped about

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Bill Gates is stepping down from Microsoft’s board

Bill Gates said he’s stepping down from the board of Microsoft Corp., the company he founded in 1975 and grew into the largest software maker, to devote more time to philanthropy.

“Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals,” Gates wrote in a blog post Friday. “I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”

More must-read stories from Fortune:

—It’s time to start preparing your personal finances for a recession. Here’s how
—Why patients who recover from coronavirus are testing positive again
—The oil sector takes its next hit: Coronavirus on offshore rigs
Wedding businesses and vendors feel the pinch in coronavirus outbreak
—WATCH: When it comes … Read More