What To Do With Your Money During The Coronavirus Pandemic
The coronavirus pandemic continues to wreak havoc on the global economy, with more than 20 million Americans out of work. However, the stock market remains open for business, and it has seen historically dramatic swings in the last eight weeks. For those fortunate enough to receive a steady paycheck amid the crisis, now might be a good time to cautiously consider investing in equities. Senior video correspondent Graham Flanagan talked to two world-renowned financial experts: Ellevest CEO and former Citigroup CFO Sallie Krawcheck, and Professor of Finance at the Stern School of Business at NYU Aswath Damodaran. He asked them for guidance about investing in equities, managing longterm accounts like 401(k) plans, and advice for people who received stimulus checks from the U.S. government. Flanagan also talked to Barstool Sports founder Dave Portnoy, a multimillionaire known for sports gambling who decided to try day trading in the stock market after the coronavirus cancelled all sports leagues. At the time of the interview, Portnoy told Flanagan that he had lost over $700,000.