As the coronavirus (COVID-19) outbreak continues to spread and make headlines around the world, Brown and Company, Inc. will continue to provide resources and commentary to help you stay informed.
Here are our resources on the COVID-19 outbreak, in chronological order:
>> The Importance of Financial Planning During a Bear Market (from 4/17/20): article & video -“Financial planning is never more valuable than it is during times like these. But it needs to be an ongoing process rather than a one-time event…”
>> How the Stock Market Moves Ahead of the Economy (from 4/14/20): article & video -“There is a general sense that the news is going to get worse before it gets better. So, given that, why not take some money out of the market and wait for things to start to turn around?”
>> An Economy in Hibernation (from 4/8/20): article & video -“Instinctively, bears know what they need to do after their hibernation. How the U.S. economy comes out of its enforced sleep is more questionable…What is not uncertain are three things we recommend you do right now…”
>> How Should You Invest Cash in a Volatile Market (from 4/2/20): article – “If you have cash to invest – now or in the near future – what is the best way to do that? Should you invest it all-at-once in a lump sum or invest gradually over a period of time?”
>> Key Components of The CARES Act (from 4/1/20): article – The Coronavirus Aid, Relief, and Economic Security Act (“the CARES Act”) authorizes more than $2 trillion to battle counteract the negative economic implications of COVID-19, including immediate cash relief for individual citizens and loan programs for small business. Here is a synopsis of the key provisions.
>> COVID-19 Readiness Barometer for Business Owners: tool – We’ve created a free online assessment for business owners to gauge their ability to sustain through the current uncertainty and challenges of this pandemic, while also taking advantage of opportunities right now to minimize taxes.
>> Market Commentary: The Good, the Bad & the Ugly (from 3/25/20): article – “Here are our most recent market commentary and thoughts on COVID-19 broken out into three categories: The Good, the Bad, and the Ugly…”
>> Our Webinar Recording below (from 3/23/20):
CLICK HERE TO DOWNLOAD THE SLIDES
>> Coronavirus Week in Review (3/15/20): article – “There is no sugar coating the past two weeks in world stock markets or the coronavirus (COVID-19) pandemic. The big indexes are down 20% from recent February highs. The coronavirus and the economic implications of reduced normal daily activity are very real…”
>> Coronavirus Commentary: Thoughts Regarding the Ongoing Volatility (3/4/20): article – “We’d like to offer you our latest thoughts regarding the ongoing volatility in the markets due to the coronavirus. The scale and speed of the recent equity losses were stunning. Still, we were not particularly surprised by this, since downturns historically happen in very short spurts…”
>> Coronavirus & the Markets (2/26/20): article – “…We still believe it is too soon to tell whether the market is revealing the start of a much bigger decline or whether this is a buying opportunity. There remain too many unknowns to really gauge the extent of the economic damage it could cause. We’ll continue to watch the current situation and look for opportunities to buy equities.”
>> Is Your Retirement Prepared for a Recession? resources “Have you reviewed your financial situation in light of a potential downturn to consider what changes could be made to lessen the downside risk? We have created a proprietary tool that is designed to assess your own situation and provide an individualized score that reflects your preparedness for a recession. Just provide your contact information below and we’ll follow up with you to get the information needed to create your own Recession Prep Scorecard™…”
>> Preparing for a Recession: article – “We recommend conducting a ‘fire drill’ on your current financial situation to assess the strengths and potential weaknesses of your plan. That starts by making the most of the things you can control, but also evaluating factors that are somewhat or completely out of your control. Here’s are some specific ideas for doing that…”