How to Handle Coronavirus Market Meltdown: Advice from the Pros

Is there a scarier word than “pandemic”?

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Is there a scarier word than “pandemic”? In addition to the human toll, the coronavirus spreading around the world is also sickening supply chains and denting GDP growth. The Kiplinger Letter is forecasting a realistic, worst-case scenario wherein economic growth is cut in half, to something like 1.6% this year. (See How Hard Will Coronavirus Hit U.S., Global Economies?)

No wonder stock markets are in a spiral. Concerns are so severe that the Fed took emergency measures on March 3, cutting interest rates by half a point. What should investors do?

We reached out to the financial planners who contribute to our Wealth Creation channel to discover what they're telling different types of clients. Here is what they had to say.

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC (opens in new tab) or with FINRA (opens in new tab).

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

The authors of Kiplinger.com's Wealth Creation channel are licensed financial professionals who share practical financial-planning insights with our readers.