He said in most cases, if a person doesn’t need the money within the next six to 12 months, they should consider leaving their investments alone. People should also consult an advisor about their individual needs before making a big decision, he said.
Restaurant owners worry their businesses won’t survive coronavirus extended shutdown
While the market overall has taken a hit, not all stocks are down. According to Business Insider, on Wednesday Fed Ex was up more than 5%, Walgreens was up more than 3%, Cincinnati-based Kroger was up more than 2% and Walmart was up more than 1%.
Meanwhile United Airlines, Carnival and Marriott were all down more than 25%, according to Business Insider.
The Associated Press contributed to this report