For the Lipper fund-flows week ended Wednesday, April 15, 2020, investors injected a net $62.9 billion into mutual funds and ETFs.
Fund investors were net purchasers of money market funds, taxable fixed income funds, equity funds, and municipal bond funds this week.
Once the panic and despair of COVID-19 begins to wane and economic and business fundamentals start moving in the right direction, there appears to be a large amount of pent-up demand and money sitting on the sidelines that is prepared to be put back to work.
Other things to check out:
Professor of finance explains best way to use stimulus check money
JONESBORO, Ark. (KAIT) - A lot of people received stimulus checks this week, but what's the best way to use that money?
Associate Professor of Finance at A-State Dr. Philip Tew explains the original purpose for the money is to help pay everyday expenses, as the unemployment rate in the nation continues to rise during shutdowns from COVID-19.
Tew, who is Director for the Center for Economic Education and Financial Literacy and Director for the Scarlet to Black Financial Literacy program, said the goal is for the money to offset some expenses and costs for those losing their jobs.
What Should You Do With Your Extra Money During the COVID-19 Crisis?
If you're carrying a credit card balance or another type of expensive debt, now's the time to try knocking it out. The sooner you do, the less interest you'll pay. And because we don't know whether COVID-19 will batter the economy to the point where layoffs become even more widespread, the fewer bills you're responsible for, the better.
If you're good on emergency savings and don't have unhealthy debt in your name (remember, a mortgage is a healthy type of debt, and one that can work to your advantage tax-wise), you have a prime opportunity to grow wealth by investing your spare cash.
Local businesses left in limbo as PPP runs out of money
EVANSVILLE, Ind. (WFIE) - Nearly three weeks ago, the Federal Paycheck Protection Program opened with the hope of helping businesses during the COVID-19 pandemic.
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Word put in her application for the Federal Paycheck Protection Program, hoping it would help her pay the salaries of her employees.
"Everything was uploaded and good to go," Word said. "We had actually gotten the amount we were approved for. They had gone so far as to even ping my bank accounts."
In case you are keeping track:
Protect your money by changing your banking passwords
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 12 of 30.
Money Is Losing Its Meaning
(Bloomberg Opinion) -- Doing "whatever it takes" to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including the U.S.
These numbers are so large that they no longer have any meaning; they are simply abstractions. It's been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary. Former Fed Chairman Paul Volcker once said in an interview that "it is a governmental responsibility to maintain the value of the currency they issue.
Insurance money for homeless disabled veteran proves evasive
Happening on Twitter
Just my personal opinion, slap me if you disagree, if a streaming service starts making billions from advertising t… https://t.co/eH4rW6wLqY JmeBBK (from For bookings only : Rebecca@earth-agency.com) Sun Apr 19 13:22:54 +0000 2020
$236,766,000,000: "...the federal government collected the highest amount of taxes in March since 2016--and an al… https://t.co/b3d0B0pMY7 michaeljohns (from New Jersey, USA 🇺🇸) Mon Apr 13 17:31:48 +0000 2020
Greenland's ice sheet shrank by a record amount in 2019 and contributed about 40% of the rise in global sea levels… https://t.co/TJF48WMyJ3 AJEnglish (from Doha, Qatar) Fri Apr 17 08:15:08 +0000 2020
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