In my opinion, at the moment the most important thing is to take care of the health and safety of loved ones and your own.

For me, this also means a significant increase in the security fund - liquid funds that will allow us to more easily survive the current turmoil.

money is to be easily available, i.e. cash, personal accounts supplemented with savings accounts, or short-term deposits can be considered.

but for hygiene reasons I recommend not using cash for current payments and I would not accumulate excessive amounts of it .

How big is the fund to be?

In my opinion, spending for at least half a year, better bigger.

We take into account the option of losing all or part of the income in the coming months.

Liquidity should now be a priority in personal finance. Liquidity, liquidity and once again liquidity .

It is worth reviewing the monthly expenses and cutting the unnecessary ones - what is the point of subscription to the sports TV package now?

In addition, I personally withdrew some funds from brokerage and brokerage accounts.

cOVID-19 has already caused perturbations - for example: Dutch-German DeGiro does not deal with the service and does not immediately open new accounts after registration, but only enters the waiting list.

Of course, payments are made on time.

in the meantime, interest in investing has increased significantly in recent weeks - I get a lot of questions, brokerage offices record more accounts opened, etc.

I really recommend caution with capital storage. all financial indicators of companies are calculated on the basis of past data before coronavirus and mislead novices. In addition, there was a high volatility in market movements, which "helps" zero bills not only "freshmen" .

For now I suggest focusing on expanding knowledge and investing with the thought that it is money intended for education .

Now is a great time to learn and observe the markets.

I don't see any sense in comparing the current crisis with the one after the collapse of Lehman Brothers. We are witnessing historical events and, unfortunately, also their participants.

maybe the current "investment opportunities" will prove to be a trap for the greedy, maybe they will actually earn. I do not know.

Until the epidemic is stopped, I treat all the stories and divination of economists or analysts with a grain of salt.

I see a much higher risk of investing in individual companies and I am more inclined to cheap ETFs and index funds (without a profit guarantee).

in such an uncertain situation, I suggest postponing any planned large investments, such as buying a flat, unless we have a very thick financial cushion.

In addition, it is probable that the economic downturn and a possible drop in prices. in a few months the market should be more favorable to buyers.

Let's not panic but be ready for various scenarios.

Health and peace!