This week, I’m talking about some of the best and most unique financial planning opportunities available during this coronavirus crisis. There are several tried-and-true opportunities that present themselves in nearly every crisis and market downturn, but there are also several that are unique to this current crisis.

Today I’m talking about perhaps the most tried-and-true opportunities that exist in every stock market and economic downturn - the opportunity to invest while the market is low and while bargains abound. 

But how do you actually go about doing that? Well, first of all you have to have the funds to do it. So if you have excess funds in cash or in your bank account that aren’t earmarked for emergencies or what’s needed for a small cash stockpile, what are you waiting for? It’s time to get that cash to work! 

You could also rotate already invested money out of bonds and other investments and into stocks if it makes sense in your situation. 

But when you have cash to invest we want to get that invested. There are 2 ways to go about that. You could throw a dart and hope that the market doesn’t get worse from here and invest it all at once. Or and especially if you have a lot of cash on the sidelines, it’s prudent to invest gradually over a period of 3-6 months. That way if the market drops further you sidestepped some losses, but still got that cash to work while the stock market was going through it’s bottoming process. You could invest gradually over a longer period than 3-6 months, but that of course is up to you. 

The key is that you put a plan in place to get that cash to work that doesn’t include the losing strategy of waiting until things look better before you invest. If you wait until you see blue skies, the stock market is likely to be much higher by then and you’ll have missed a massive opportunity. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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