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PINS - Coronavirus Fears: Where to Invest $500 Right Now
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If you have $500 to invest right now, then I recommend you invest it in the stock market. That may be shocking to read, considering as of this writing, the S&P 500 is down 28% since this year began -- and still falling fast. But as scary as it is, the stock market has fallen over 10% 37 other times in the last 70 years. And it comes back every time, meaning that buying during a correction can produce outsized long-term gains.
Where exactly to invest $500, however, depends. Here's a few scenarios that may apply to you.