Virus and the effect it has on Stock Market and your IRA
Much of the international news these days is dominated by stories surrounding the Corona Virus. As the number of cases of the virus around the world continues to climb and the death toll from it continues to grow it’s having an increasing impact on international commerce. The reason for much of the alarm is the fact that there is currently no known cure for the virus and no known way to stop it’s spread other than avoiding people who’ve contracted it. the unknown has always been, and will always bee our biggest fear. You may think there’s little chance that you’ll be effected by the Corona Virus but if you have an IRA or 401K plan the decline in stock prices yesterday may have you a little nervous. The experts blame much of Mondays’ decline on concerns over the Corona Virus. We are an increasingly connected world and things that happen in far off places like China, South Korea, Japan and Italy can have a major impact on us in the long run. That’s the way I see it.
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