Articles
Elections & the Stock Market
An investor may ask, “Should I move to a more conservative allocation until after the election?” It’s a valid question. However, this question and thought process go against what we believe about the market and historical precedents.
Don’t Waste This Crisis
Last May, we posted an article here entitled Five Ways to Get Ready for the Next Great Recession. Here we are. As fast as it takes to turn off a light, our robust economy has come to a screeching halt. This may or may not be the next Big One. We may have a V-shaped recovery, or this may turn into a depression. Time will tell. Over the last several weeks, there have been many anxious reactions to this crisis. You may have asked some of these questions:
CARES Act: The Coronavirus Stimulus Law
Know What You Can Expect from this New COVID-19 Recovery Effort; The pace of change this year is creating many opportunities for individuals and families to adjust their financial plans. With tax reform, the passage of the SECURE Act in December, the passage of the CARES Act in March, volatile capital markets, lower account values, and potential for lower revenue and income, many planning assumptions are obsolete. All of these current events can be used as a catalyst to revisit risk tolerance, investment plans, retirement plans, estate planning, insurance and asset protection, cash flow, debt, and business strategy to take advantage of the times. The public health crisis, which has morphed also into an economic crisis, is an opportunity for those who want to benefit from the times. Understanding the CARES Act will be a part of that process.
Five Ways to Get Ready for the Next Great Recession
In 1973, Six Flags Over Georgia introduced the Great American Scream Machine, which was, at the time, the largest and fastest roller coaster in the world. Riders were ratcheted to the top of a hill, dropped to the earth below, and then, just when they thought the worst was over, dropped again. Within just a few minutes, the ride was over, and victims were back where they started, with windblown hair, abdominal discomfort, a story to tell, and sometimes a commitment never to do something like that again. This classic roller coaster is still at Six Flags, dwarfed by several other taller and faster coasters.
What Should I Do About the Debt Ceiling Crisis?
Political/economic drama is a reminder to make sure you have a strategy in which you can be confident, knowing that the next crisis will certainly come along.