The global stock markets have dropped the last 2 days in response of fears about the spread of the coronavirus. As the reports of deaths due to the coronavirus expand beyond China, health officials in most countries, including the US, are developing containment and treatment plans. Pharmaceutical companies around the globe are developing coronavirus drugs and vaccines.
Now, that’s an excellent question! What return should you expect from your portfolio? I could give you a song and dance about predictions and fluctuations. But instead, I’ll take you to a Lakers game.
Day-in and day-out I help the advisors and clients of BCR Wealth on the execution in their accounts. For me, the IRS limits are an important part of what I do.
Outbreaks of epidemics typically affect the value of your portfolio. In the past it has always been in the short-term. The fear of the coronavirus has caused equities to sell off from their recent all-time highs. There is no reason to expect this outbreak to behave any differently. This sell-off is ok.
You already know that setting goals is important. And making a plan to reach those goals is vital. But still sometimes procrastination or a lack of motivation slip in. Distractions abound.
Maybe over the Christmas holidays. Perhaps every year on your birthday. Whatever time of the year you choose, take some time to assess your financial situation, annually.
What can you do to improve it? Set a goal to pay down your credit card balances. Don’t apply for new credit.
Overspending. The single greatest financial burden for American families today. But you work hard. And a few luxuries can’t hurt, right?
The House and the Senate have passed, and the President is expected to sign the SECURE Act. This piece of legislation creates some substantial shifts in laws governing certain retirement accounts. The House and Senate had different versions of this Act and we await their final decisions.
Happy New Year!
Five years of blogging!!!! When we first started, we might wonder if we could ever run out of topics. Have no fear, not only did we have plenty to write about in 2019 but we still have a long list of great ones for 2020.
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