The coronavirus pandemic has upended our lives in a multitude of ways – from the way we work to the way we socialize. It has also had a corrosive impact on our savings and financial plans. With the stock and bond markets experiencing extreme volatility, many of us are wondering if this is the right time to invest. While it is a valid concern, the general consensus among experts is that making major changes to your investment strategy may not be a good idea. If you have been investing in mutual funds through a systematic investment plan (SIP), try to stick to it unless your income has been severely impacted. Why? To earn more money! This is because investing through an SIP enables you to avail the benefit of rupee cost averaging, which means you gain more shares when the markets are falling.
For building an emergency fund
Given the unusual circumstances, it is crucial to have an emergency fund that will help you weather the coronavirus storm. One of the easiest ways to do this…
