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COVID-19: Young Investors and Professionals Advice

Thursday, April 2, 2020

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As we are now a few weeks into this tragic period in the U.S. and the world, it can become easier to get discouraged and let negativity take over our mind.  One thing we learned during the financial crisis of 2008 was that there are opportunities to make progress during a horrible situation.  We must force ourselves to try to identify even the small things we can do to move forward during these tough times.  Often, doing small things makes us feel better and more confident, and then progress can begin to snowball into other areas. With this idea in…

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Facts and Thoughts about COVID-19 (as of 3/26/2020)

Thursday, March 26, 2020

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As we continue to deal with the spread of COVID-19, we thought it was important to review some facts about the virus that we know as of now. As you know, this is a developing situation, and the facts will change and evolve as our health care community learns more and more about the situation. But as of today (3/26/2020), here are what we believe to be very solid facts about the virus. Symptoms: According to the CDC, these most common symptoms of COVID-19 usually appear 2-14 days after exposure: fever, cough and shortness of breath. Emergency warning signs to get…

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Tips to Boost our Chances to Stay Healthy

Wednesday, March 25, 2020

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Many of us are taking the necessary steps to stay healthy and avoid contracting the COVID-19 illness. Below is a series of actions we can implement right now to further boost our chances of staying healthy. Stay active Get 30-45 minutes of activity 5 times per week. You don’t need to run or perform strenuous exercise. You can go for a walk. One great suggestion I read this week is walk fast for the length of one song and then walk slower for the next song. These small intervals will help get your heart rate up and then help you…

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March 15th FOMC Follow-Up

Tuesday, March 17, 2020

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Extraordinary Market Events: Implied and realized volatility in both stocks and bonds has ramped to levels not seen since the global financial crisis. Equity markets officially entered bear market territory, with key benchmarks down over 20% from mid-February highs. The entire US Treasury yield curve briefly traded below 1%, as the 10-year bond breached 0.40% and set all-time lows. Oil has fallen 48% year-to-date as a pricing war between Saudi Arabia and Russia compounds global demand concerns. Aggressive Monetary Policy Response: 2/28/20 – In a short statement, Chair Powell acknowledged how “the coronavirus (COVID-19) poses evolving risks to economic activity,”…

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Monthly Market Update for February 2020

Thursday, March 12, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Despite risk-on sentiment that drove stocks to record levels in the first half of the month, it was a dramatic “leap” in volatility that ultimately defined the investor experience in February. Though seemingly under control in China, concerns of the expanding global effect of the coronavirus epidemic drove key equity benchmarks into correction territory as the month ended with the worst one-week loss since 2008. Markets reacted to the…

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Federal Reserve Cuts Rates Amid Coronavirus Concerns

Tuesday, March 3, 2020

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The Federal Reserve cut interest rates today by half percentage point amid concern the coronavirus outbreak could threaten the US economy.  It is the first emergency move like this since 2008. “The fundamentals of the U.S. economy remain strong,” a statement from the Federal Reserve said. “However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.” It continued,…

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Coronavirus Investor Update

Wednesday, February 26, 2020

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On Monday and Tuesday of this week, the Dow Jones Industrial Average fell nearly 2,000 points, falling from historic highs by approximately 6.5%. The spread of Coronavirus to countries such as Korea, Iran and Italy sparked the selloff which was compounded on Tuesday when the CDC warned Americans that a spread to the United States was highly probable. The Facts: Coronavirus (COVID-19) was first detected in the Hubei province of Wuhan City in China in December 2019. Since then, the disease has spread to a number of other countries with confirmed cases totaling over 81,0001 (as of 2/26/2019). Concern in U.S….

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Tips for Starting Difficult Discussions with Aging Parents

Thursday, February 13, 2020

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When you start to notice that your parents are slowing down because of age or illness, talking with them about their future needs and plans can be difficult. Finances, estate planning, care plans, final wishes, etc. are complicated discussions. In our experience, we believe it is important to start these conversations early, before it is really needed, and definitely before a crisis hits. Our recommendations: This is a big topic so it will take more than one conversation. Don’t overdo in one sitting. Make sure they know your intentions are loving and you are trying to help. Be a good…

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Monthly Market Update for January 2020

Wednesday, February 12, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Following the robust returns of 2019, there has been much speculation as to what may precipitate heightened volatility in financial markets. Would it be the U.S. impeachment process, a slowdown in global growth, earnings disappointments, conflict in Iran, or renewed tariff escalation with key trading partners? The first half of January was relatively calm, with U.S. tech stocks leading the way as global equity markets maintained an upward trend….

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Economy and Markets in Review – 2019

Wednesday, February 12, 2020

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While the global economy extended its post-crisis recovery in 2019, growth occurred at its slowest pace since the global financial crisis. Despite the headwinds from a weak global economy, trade disputes, geopolitical tensions, and social unrest, it was a strong year for global equities. Key Highlights: Political and trade-related headlines fostered an environment of uncertainty Global economic momentum receded, despite notching another year of positive growth Central banks relented on monetary policy tightening, with the U.S. Fed cutting rates 3 times Non-U.S. stocks underperformed U.S. stocks, with emerging markets lagging all year The U.S. economy grew for the tenth consecutive…

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