Tuesday, October 08, 2024
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FILE - In this Thursday, March 12, 2020, file photo, a board above the trading floor of the New York Stock Exchange shows the closing Dow Jones Industrial Average number. The stock market has been on a punishing roller coaster ride this week, suffering its largest one-day drop in more than 30 years Thursday on concerns that the spread of COVID-19 will hit the global economy hard. It's safe to say that volatility with a capital V is back, a situation that probably only day traders like. For the rest of us, trying to ignore market free falls is not a bad strategy, especially when it comes to a long-term goal like retirement. (AP Photo/Richard Drew, File)

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When market drops, play long game with retirement savings
March 15, 2020 10:30 a.m.

When market drops, play long game with retirement savings

The stock market has been on a punishing roller coaster ride this week, suffering its largest one-day drop in more than 30 years Thursday, on concerns that the spread of COVID-19 will hit the global economy hard.