It is not all in your thoughts. The rising panic over coronavirus is actual, and concern is a rational response.

What's not a foregone conclusion is your individual response.

When markets tank, some folks all the time need to flee to money. When an sickness threatens to unfold to virtually everybody , many individuals need to top off and it appears these two responses really go hand in hand, in keeping with Rick Kahler, a licensed monetary therapist and a licensed monetary planner.

"There's completely a correlation between hoarding and promoting out [of the market]," stated Kahler, the founding father of Kahler Monetary Group in Fast Metropolis, South Dakota. "They're emotional responses."

Anybody who feels very emotional about an occasion desires to take an motion that may relieve the nervousness, Kahler says. Whether or not somebody has stockpiled meals and paper items or offered equities, it's going to convey a...