A question that many Americans are asking now is what can we expect to see implemented from President Biden’s tax plan?
While year-end chatter typically revolves around market prognosticators and analysts making predictions about what will happen next year (how did that work out in 2020?) we would like to take time to reflect on how we helped clients navigate a historical year for the markets and economy.
It goes without saying this has been a wild year in the stock market. On March 23rd, the Russell 3000 was down 35% from all-time highs but is in the midst of rallying 46% from that point. VIX, the market “fear gauge,” went from a normal reading to its highest reading ever in 18 trading days. But the volatility goes both ways. There were no daily gains of 4% or more in the S&P 500 from 2015-2019. There have been eight so far this year.
For many of us, we are adjusting from the last 9 weeks of social distancing. I personally have been working from home and at times feels like Groundhog Day. However, today is 5.29 day and I thought I would share some ideas on saving for a brighter future.
We are living in a world these days that is so much different than anything we have ever experienced. The effects of the virus and its’ aftermath will likely shape how we live and interact with others for years to come.
In the final installment of our Medicare blog series we will discuss the remaining core aspects of Medicare, Part D (drug coverage) and Medigap Policies (supplemental insurance). We will save a discussion on Medicare Advantage plans (an alternative to all of the above) for a future post.
Warren Buffett was on CNBC last week just as the market rout due to coronavirus concerns was escalating. Asked about the situation, his advice for investors was timely:“Don’t buy or sell your business based on today’s headlines.”
Stocks sell-off. It is an inevitable, even healthy feature of stock markets. Currently, markets are moving lower due to fears that the Coronavirus will slow down the global economy.