For better or worse, many of us have had more time than usual to engage in new or different pursuits in 2020. Even if you’re as busy as ever, you may well be revisiting routines you have long taken for granted. Let’s cover eight of the most and least effective ways to spend your time shoring up your financial well-being in the time of the coronavirus.
People are taking time during the COVID-19 crisis to update their finances and important life documents. Here are four estate plan details you should focus on in light of the current pandemic.
Let’s talk about your emotional reaction to unfolding news, and the impact that can have on your financial well-being. The current events have made this discussion even more important. Thoughtful, sober answers to our most pressing questions must now compete against a deluge of emotional misinformation that can be as virulent as the ailment itself.
Not since childhood, when we were counting the school days left between spring break and summer vacation, has our patience been so sorely tested as it has since last March. In fact, thanks to the coronavirus pandemic, perhaps we are living through one of the largest-ever tests of our patience, as we painstakingly assess when we can start emerging from the shelter-in-place mandates.
Falling victim to a scam is the last thing you should have to worry about amidst the global COVID-19 pandemic. Remain vigilant and alert as you keep you and your loved ones protected during these uncertain times.
We investment advisers love to show fancy charts and graphs illustrating the historical track-record of the stock market’s resiliency. If you haven’t seen one in a while, check this out. It shows how markets spend way more time moving up than down. Sorry, couldn’t resist. I’ve been pondering during this latest bear market whether these charts really help investors remain disciplined during extreme bouts of negative volatility. Perhaps a spoonful of sugar would help us swallow the doses of intellectual medicine we prescribe for warding off the emotions of watching our investments decline?
You know times are strange when you’re hearing from everyone – from the government to your local grocer – on what to do about the coronavirus. Unless we can source some toilet paper for you (here’s some fascinating commentary on what’s up with that!), what else is there to say? Believe it or not, we have a fresh perspective, which we think you’ll find helpful. What if the COVID-19 pandemic is more than just an unmitigated disaster? What if it’s also an important, if incredibly challenging opportunity?
Today – March 9 – is the eleventh anniversary of the crescendo of global panic that marked the bottom of the bear market of 2007-09. It is to us a thing of the most wonderful irony that the world has elected to celebrate this iconic anniversary with – you guessed it – another epic global panic attack.