Fastest-ever stock market crash! Keep calm and carry on with your Stocks and Shares ISA

first_img Enter Your Email Address Harvey Jones | Friday, 28th February, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The coronavirus is shaking the world. Yesterday saw what has been called the fastest global stock market correction in history. The S&P 500 alone fell more than 10% in just six trading sessions, including a drop of 4.4% on Thursday.The FTSE 100 is also deep in correction territory after hitting its lowest level in a year. It’s down another 4% this morning to stand at around 6,500, a drop of 15% from its mid-January high of 7,674.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Panic has taken over. Tragically, COVID-19 is potentially life-shattering for those directly affected, and threatens to wreak havoc on the global economy, as countries close factories, ban travel, and postpone major sporting events. Globally, around £3trn has been wiped off share prices.But the first thing private investors should do is keep a cool head. Ok, the headlines are frightening, but please don’t make rash decisions, such as selling all the holdings in your Stocks and Shares ISA. That may seem a strange thing to say, given that stock markets are likely to fall further, but this standard investment advice holds true.Invest for the long termIf you sell now, you’re locking in your current losses. This means you’ll not benefit when stock markets recovers. Also, you face a tricky choice, such as when exactly to buy back into the market. The chances are you’ll call it wrong, because nobody can accurately time markets.Crucially, you’ll miss out on all your dividends while out of the market. If you hold tight and keep reinvesting these payouts for growth, they’ll pick up more stock, or fund units, than before, at today’s lower price. When the recovery comes, they’ll be worth more as a result. Current volatility could work in your favour.If you’re making a regular monthly investment into a Stocks and Shares ISA, or self-invested personal pension (SIPP), then keep it going. This is where regular investing comes into its own, as you pick up more stock at today’s depleted prices.It’s a personal decisionIf you need your money in the next few months, then it shouldn’t have been in the market in the first place. You should only invest money you will not need for five years, and ideally longer, as then you can afford to ignore nasty moments like this.Those who are retired and living off their investment income, say, through income drawdown, also need to be more cautious, to make sure they still have enough money to live on.For everyone else, the big question is whether you should take this as a buying opportunity. Clearly, it is. If there was ever a time to be greedy when others are fearful, to paraphrase billionaire investor Warren Buffett, this is it.Again, though, stay calm and think clearly. This bear market probably isn’t over yet. So brush up your watchlist of top FTSE 100 stocks. It will come in handy over the turbulent days ahead.center_img Fastest-ever stock market crash! Keep calm and carry on with your Stocks and Shares ISA Our 6 ‘Best Buys Now’ Shares Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Harvey Joneslast_img

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