If you're worried about the recent plunges in the stock market due to COVID-19, USA Today has three tips to protect your money.
First tip? Don't panic. Instead, take advantage of buying stocks you're interested in now while they are priced lower.
The second tip to protect your money during a stock market plunge; build up your cash for emergency savings since bear markets can last longer than what many think. Having liquid assets on hand means you won't have to sell your stocks at a moment's notice.
The third tip: If you have enough money, think about increasing your contributions to your retirement plans. Share prices that you're buying through your 401(k) are at lower prices during a plunge.