Should Fear of a Second Wave of COVID-19 Stop You From Investing?
While much of the country seems to be emerging from the massive lockdown that ensued for April and May, health officials warn that we're not out of the woods with regard to COVID-19. In fact, health experts have said repeatedly that a second wave is likely, if not inevitable, and that we need to not only reopen with caution, but gear up mentally and financially for that distinct possibility.
When the first wave of COVID-19 cases hit back in March, the stock market reacted almost immediately, plunging deep into bear market territory by mid-month. Since then, stocks have largely recouped a substantial amount of value, but if a second COVID-19 wave were to hit, it could send stock values plummeting once again. And that's a scary thought if you're thinking of putting some money into the market right now.
But should fears of another downturn fueled by COVID-19 stop you from investing? Or should you find a way to move past them?
Source Fool.com
