As the new coronavirus or COVID-19 continues to make a bigger impact on public health around the world, it's also having a big impact on the global markets.

The DOW Jones had dropped as low as 1191 points yesterday and other markets went down considerably as well.

"It comes down to the whole economic impact that's going to happen. For instance, certain countries are closing their borders down, they're not letting people in or out, and they're not letting us know how this thing is really spreading overall. Companies say people aren't travelling, people aren't buying things and going out, so they're looking towards the economic impact," explains Aaron Ruston of Proposed Financial as to why COVID-19 is having such a big effect on markets.   

"We've seen this before, it doesn't lessen the shock or the whole fear and anxiety that may settle in some lives, that again is a reason you should be on a portfolio that is proper for you, it may drop but you have a timeline to recover."

Ruston also adds that if you believe in the markets and in the companies you bought into, you'll do well over time.

He states that "We are just going through a little bit of a hiccup right now."