4 Ways to Protect Your Money During a Coronavirus Recession [The Motley Fool]
Berkshire Hathaway Inc. (BRK.A)
Last berkshire hathaway inc. earnings: 8/4 05:00 pm
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Source: The Motley Fool
The coronavirus pandemic is creating anxiety among people everywhere -- how could it not? As the disease spreads, it becomes ever more likely that you'll know someone who has contracted COVID-9, and the results can sadly be life-ending.Meanwhile, personal finances have been taking a huge hit. Jobless claims reached 6 million as of April 9; the 00,recessionWhether the volatile market is stressing you out, you've lost your job, or yourretirement savings. Analyze and adjust your risk toleranceMost investors are familiar with the concept of "But the only time you really learn about your true risk tolerance is when it's tested -- and it's being tested now -- and for many, for the first time. You may think: "Yes, I'm young and can wait out this crisis," but in reality, you may be checking your portfolio non-stop and feeling sick to your stomach when markets drop 7% in a day.If that's the case, review your portfolio to discover if you're truly comfortable with the amount of risk you've taken
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