Finance Globe

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...

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...

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 US government is making unprecedented moves to help individuals and businesses during this COVID-19 crisis. Like myself, I am sure you are feeling the effects as our daily life is very different. I know many people are suffering and many businesses are shut down for the foreseeable future. On somewhat of a positive note, the government is trying to scramble and offer assistance for the individuals and businesses that are most effected. Below is a...

When everything is going as planned with your finances and life in general, you don’t see much reason to have an emergency fund. It’s easy to believe that everything will remain the same into the future. However, don’t be fooled. Things can and will go wrong, ranging from the current coronavirus pandemic to a necessary home repair. With an emergency fund in place, you have money to fall back on should you need it to get...

I think it is fair to say the coronavirus is bringing the U.S. economy to a slowdown, although likely could be a complete halt. Most are predicting a recession for at least this year. In order to prepare for a recession, below are a few tips to help you survive through a recession. Re-evaluate your priorities: During recessionary times, you should re-assess what your goals are. For example, a person that may be going into retirement,...

While the markets are in turmoil and everyone is in isolation due to the coronavirus, there is some potential positives out there from a personal finance perspective. Given the declining interest rates, this would be a great opportunity to refinance your house. In fact, low mortgage rates are leading homeowners to take cash out of their homes at the highest levels since the financial crisis. This is all due to the fact that the Federal Reserve...

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...

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...