Finance Globe

Unfortunately, there have been mass furloughs and layoffs over the past 30-60 days due to the COVID-19 pandemic. Many people are out of work and do not know when they are going to go back to work. If you have recently been laid off, there are a few steps I would recommend for you to take. I hope you are able to find another job quickly and I hope with COVID-19 pandemic goes away at some...

The U.S. economy is facing a significant economic recession likely one that is truly unique and not like other recessions we have ever seen before. There is little doubt that we are already in a recession because of the coronavirus pandemic, with many businesses shut down, and many Americans are staying home. It is difficult to say when the bottom will occur and how long it will take to climb bank. However, I have gathered a...

I will not begin to predict or even fully understand the recent ups and downs of the U.S stock market. However, given all the volatility recently, I thought it would be helpful to provide a high-level summary of the U.S. stock market performance each month. Below is a high-level summary for the month of April.   The Dow and S&P 500 posted their best month of performance since the 1980s. Optimism has been driven by hopes...

I am sure everyone is watching the stock market very closely. As you hear a lot of terms out there on what kind of market we are in, a lot of financial commentators are stating the bull market is over and now we are in a bear market. A lot of people have asked me, what exactly does that mean? Below is a high level overview of the differences between a bull and bear market. Please...

You might have seen during the last few weeks people have mentioned the stock market decline triggered the circuit-breaker, but you might have no idea what that means. Given how important they are, I wanted to provide a high-level overview. Please let me know if you have any questions and feel free to share in the comments section if you think they are a good idea. Circuit-breaker points represent the thresholds at which trading is halted...

These are very unique times, and I hope everyone is staying safe. I will be posting several articles on the recent volatility out there including an overview of the recent stock market declines, what the Fed is doing to try and stop it, and a few similar articles over the next few days. I wanted my first article to be an overview of what is a run on the bank and what kind of impact it...

Wall Street cannot be calmed down when it comes to the coronavirus. In case you haven’t been watching over the last few weeks, I want to highlight the recent stock market volatility to you. Please feel free to ask any follow up questions in the comments section. Today the Dow Jones Industrial Average finished at 20,180 points, which are just slightly above where they we in January 2016. All major U.S. indices are now in a...

I am now honored to be a parent, and the subject of allowances has entered into the discussion. The subject of children’s allowances can get surprisingly contentious. Some parents have very strong opinions about the topic. I did some research and found some helpful tips that I thought I would share. The purpose of an allowance: An allowance enables a child to experience money and how to manage money. You can teach your kids the concept...

I am not going to tell you when the next economic recession is. However, I am confident to tell you there will be another recession at some point in the future. When this recession occurs, you need to be prepared. Below are several helpful ways to prepare yourself for an economic recession. Please feel free to ask any follow up questions in the comments section. Take some time to review your finances. Talk to a professional....

  The start of the school year is just around the corner. Here are some strategies to help you save money on back to school shopping this year. Start by rounding up all of the school supplies you already own. You may already have plenty of school supplies lying around your house, forgotten at the bottom of a drawer or the back of a closet. Determine what can be reused this school year before you set...