The coronavirus is officially a pandemic . The bull market is officially over . None of us knows what comes next.
It's hard to make rational financial decisions when there's so much uncertainty. We asked readers of the Your Money newsletter what most concerns them right now. Dozens sent questions, which we condensed and answered here:
Harold Evensky, a longtime financial planner in Texas, had a blunt answer: "Going to cash could mean you will end up eating cat food five years from now." Even in these times, most retirees still need a balanced portfolio of stock and bonds so their nest egg will keep up with inflation, and maybe even grow.
This may worth something:
What To Do With Money While Coronavirus Market Is Down
Protect Your Money From the Coronavirus Pandemic by Doing These 5 Things
As the coronavirus continues to spread and has officially reached pandemic status, entire countries including China and Italy have gone into lockdown, leaving businesses without customers and employees without paychecks.
Your first instinct may be to stock up on essentials and barricade yourself in your home, but hand sanitizer and toilet paper won't save you from the economic repercussions.
* * *
Do you have emergency savings ? Many financial planners recommend stashing away enough money to cover at least six months of your regular bills, like your mortgage, car payment, utilities and groceries.
With a Torrent of Money, Britain Takes Aim at Coronavirus and Austerity - The New York Times
"It's certainly an ideological change compared to what they previously believed," said Andrew Goodwin, chief United Kingdom economist for Oxford Economics in London. "The Conservatives have traditionally been a small-state, low-borrowing party. This is very much a departure from what they have preached before."
The first salvo came before breakfast, as the Bank of England delivered an emergency reduction to short-term interest rates while detailing plans to help troubled companies with credit. The central bank was seeking to spur borrowing, investing and other activities that keep businesses moving and people employed as fears of the coronavirus outbreak intensify.
While you're here, how about this:
Bloomberg - Are you a robot?
Dow: 3 ways to protect your money when the stock market plunges
Stocks alternate between swoons and surges, trips and events are canceled and fears of a recession are growing.
The Dow Jones Industrial Average is in bear territory for the first time since the financial crisis 12 years ago.
Investors may struggle with the question of whether now is the time to buy or sell stocks as prices continue to plunge. Despite the market's downfall, personal finance experts say investors should sit tight and stay calm.
With Players Championship cancelled, what happens to the money?
PONTE VEDRA BEACH, Fla. — This year’s Players Championship was to be famously lucrative for its competitors. The total purse increased to $15 million and the winner was slated to take home $2.7 million.
* * *
With the cancellation of the 2020 Players after just one round (technically less than one round — more on that later) PGA Tour commissioner Jay Monahan had to figure out what to do with the purse.
As first reported by Golf Channel’s Rex Hoggard, players received texts informing them that they would receive half the purse, evenly split. The $7.5 million would be divided between 144 players, coming out to $52,083 each. That money will be considered unofficial.
Neighbors react after 4 caught making fake money in Limestone County
Investigators searched a home in Limestone County on Wednesday and found more than $2,000 of fake bills.
Four people are in the Limestone County jail accused of making counterfeit money and having stolen IDs along with checks and credit cards.
* * *
"It's like the color of grass. Grass green. It's like regular printer paper, like it's turning purple from the rain. It doesn't even look like money," she said.
Limestone County Sheriff's Office investigator Caleb Durden said they recovered more than $2,000 of fake bills.
Happening on Twitter
Tomorrow when your mom texts you that Tom Hanks has the Coronavirus. Don't tell her you already know. Let her have this one. tommyjohnagin Thu Mar 12 04:25:36 +0000 2020
Call your representatives today and demand they pass the #FamiliesFirst coronavirus bill. It contains: - Free tes… https://t.co/vJ7GmvgjUG HillaryClinton (from New York, NY) Fri Mar 13 14:51:57 +0000 2020
WOW. @RepKatiePorter, to CDC Director Robert Redfield: "Will you commit to invoking your existing authority under… https://t.co/S1y8EjvXp9 MotherJones Thu Mar 12 18:44:36 +0000 2020
No comments:
Post a Comment