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