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'This is the time to turn the risk on' with your 401(k), advisor Peter Mallouk says

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Here's what you should be doing with your 401(k) during the coronavirus

Everyone has heard that you should buy low and sell high. 

And according to Peter Mallouk, president and chief investment officer of wealth management firm Creative Planning, the coronavirus downturn is the definition of a low point in the market.

For younger investors with job security and some savings, he says you should start maxing out your contributions and look at your plan's menu to see if you can change your investing strategy. 

"This is the time to turn the risk on and move from bonds to stocks. That's the definition of selling high and buying low," Mallouk said.  

Check out this video to learn more and to see Mallouk's three pieces of advice for handling your 401(k) during the coronavirus crisis.  

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