On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law in order to help deal with the pandemic. Given the short time from drafting to passage, there are still many details being ironed out regarding implementation.
This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets. The report also illustrates the impact of globally diversified portfolios and features a quarterly topic.
Wisconsin Gov. Tony Evers has issued a stay-at-home order to Wisconsinites to fend off the coronavirus outbreak that is ravaging populations worldwide. The governor’s order will require nearly all workers in our state to work remotely and goes into effect on Wednesday March 25, 2020 at 8 AM and last 30 days.
“I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.” – Nelson Mandela
No one can predict the short-term future with much accuracy. The last few days are just another example. How quickly life can change for the whole world. To put this into context, during the last five trading days, we had the three worst and two best trading days we have seen in the last ten years.
The market trumoil continues as the country grapples with the COVID-19 outbreak and institutions take additional precautions and focus on business continuity plans.
The world is watching with concern the spread of the new coronavirus. The uncertainty is being felt around the globe, and it is unsettling on a human level as well as from the perspective of how markets respond.
They say we get wiser as we get older, but let’s face it: Many new uncertainties and challenges can crop up as people get deeper into their golden years. Changes in physical health and issues with memory can mean you—or your elderly parents—might require new types of never-before-needed assistance.
A big “point” drop in the stock market today. The newspapers will have big headlines of “DJIA Drops 1,031 Points” in the morning. Many news sources already have it on the top of their webpages. People who never talk about the stock market will begin talking about it.
One way advisors can add value to your bottom line is by helping you to minimize your tax bill. It’s referred to as tax efficiency. There are two main ways that advisors can help with tax efficiency: