Ask the Bitches Pandemic Lightning Round: “Is This the Right Time To Start Investing?”

Welcome to the Ask the Bitches Pandemic Lightning Round! We’re working around the clock to answer your questions about coronavirus, the impact of quarantine, and the recession of 2020.

Today, we’re considering if now is a good time to start investing. Because your dad probably told you it’s a great time to invest. But is your dad right?!

Dad says START INVESTING!

We’ll be coming at you fast this week, answering as many urgent questions as we can. If you appreciate the extra effort, we would love a small donation to our Patreon. Thank you!

The question

“Dearest bitches, I finally paid off my student loans in January and the money that had been going to them has just been hanging tight in a savings account until I move it to my Roth IRA (right now it’s up to about $2k). The question, then: with the market, to quote a friend, ‘going down worse than your eighth jagerbomb,’ when is the best time to make that shift? It’s going into a robo-managed fund, so it’s not like I’m actively playing the market, but I’m still nervous. Help!”

Ah. Lovely. A slightly more optimistic question than our last few!

We’re going to answer this question straight, with the assumption that you’ve already taken the stability of your job, healthcare insurance, and emergency fund into ample consideration.

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Ask the Bitches Pandemic Lightning Round: “Can I Get Fired for Skipping Work?”

Welcome to the Ask the Bitches Pandemic Lightning Round! We’re working around the clock to answer your questions about coronavirus, the impact of quarantine, and the recession of 2020.

Yeah, that’s kinda how life feels right now.

We know y’all are already drowning in a deluge of news stories and rumors about COVID-19, the global pandemic caused by the coronavirus. But there’s also a lot of misinformation circulating. Folks are getting real panicky in a time when we most need to be calm, rational, and trusting.

This is why Kitty and I have thrown all our other work aside to speed up our writing schedule. We want to soothe your consciences and help you keep your shit together. On Monday we focused on the practical steps you can take to help yourself and your community stay safe and healthy. If you haven’t read that article yet, go do so.

We wish that Bitch Nation was a real country. There, we could not only quarantine all our beloved readers, but offer them a living minimum wage, paid sick leave for all workers, and mandate at least one dog per household. Alas! Our empire is merely virtual.

So today we’re kicking off a special Lightning Round of Ask the Bitches. We’re publishing as many Q&A articles as we can in the coming days. We want to put your minds at ease, dispel some misconceptions, and give you some helpful resources for getting through COVID-19 fever (pun intended???) with your sanity and emergency funds intact.

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