The novel coronavirus, also known as COVID-19, isn’t only dangerous to people’s immune systems. It has been making retirement portfolios sick as well. It doesn’t matter what type of investor you are — one who focuses on dollar-cost averaging or one who thinks about portfolio rebalancing.
You’re probably wondering what you should do, if anything, with your retirement account.
Dollar-cost averaging means that you are investing the same amount of money regularly. For instance, if you put $300 into your retirement account every month and leave it there to do its work, you’re using a dollar-cost averaging investment strategy.