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At a time when the stock market has declined significantly from its pre-pandemic highs, now may seem like the perfect time to invest. Here’s why you probably shouldn’t.
As the saying goes, when markets get volatile, “cash is king.” That wisdom holds doubly true now, as the coronavirus pandemic has not just sent markets into a tizzy, but inflicted significant damage on virtually every sector of the economy.
At a time of significant financial stress, American families who have a large emergency fund can sleep easier, knowing that they can rely on their cash cushion to help get them through this downturn. But some families don’t have a sizable emergency fund saved up—or don’t have one at all.