A well-balanced portfolio can withstand a financial crisis and still end up strong in the end. A healthy portfolio accounts for things like recessions and upswings. That’s why you include stocks for growth and bonds for stability. There are many ways to handle market volatility without damaging your portfolio. But what about now? In the midst of the coronavirus crisis, we are dealing with a ton Continue Reading
The CARES Act: Should You Apply for Small Business Aid?
Congress’s Coronavirus Aid, Relief, and Economic Security (CARES) Act aims to help Americans weather the financial storm caused by the virus. The first round of financing ran out quickly, but Congress has passed another round. Some of the highlights of the CARES act include: Money for individuals: Tax-paying Americans will receive a direct deposit for up to $1,200 if single, and $2,400 if Continue Reading
Steps to Take if You’ve Suffered a Financial Blow
If you've suffered a financial blow recently, you're not alone. There is a lot of upheaval going on in the world right now. Many people are finding themselves out of a job, or unable to work right now, or unsure whether they will have a source of income after things have settled down. Here are some steps you can take to safeguard your money: DO: Apply for Unemployment If you did lose your job, Continue Reading
Coronavirus: Dealing with Financial Uncertainty
The novel coronavirus - which has infected more than 170,000 people worldwide and is responsible for more than 6,500 deaths - is spreading around the globe. Now that it has made its way to the U.S., many people are preparing for a potential disruption to everyday life. You know the usual: wash your hands frequently, stay away from others who are sick, avoid traveling to infected areas. But how Continue Reading
How to Handle Market Volatility
If the stock market downturn at the end of 2018 has you feeling jumpy, hang in there. There has been a lot of speculation about how the markets will fare in the new year, and even some concern about a looming recession. Regardless of how the year pans out, remember that playing the long game often yields better results for investors. Here are some tips for what to do when the market Continue Reading
Interest Rate Increase: How it Affects You
In case you missed it, the Federal Reserve increased interest rates a quarter point last week, making this its second increase in 2017. This is an indicator of some changes on the horizon, so you may need to adjust your goals and plans accordingly. Here is how the increase could affect you: Student Loans and Interest Rates An increase in interest rates is typically an indicator that the central Continue Reading