The Stock Market and the Economy Are Not the Same: A Guide to Understanding the Difference
Stocks have been up — but unemployment has also risen. Why is that? Here, we break down the major differences between the stock market and the economy.
4 Areas of Your Estate Plan to Review in Light of the Current Health Situation
With more free time recently, many people are looking to update their finances and important life documents. Here are four estate plan details you should focus on.
4 Yearlong Tax Tips for Retirees
During retirement, your wealth needs to last for the rest of your life. Avoid paying more taxes than you need to by keeping these four tips in mind throughout the year.
2020 Tax Code Changes: What You Need to Know
IRS inflation adjustments are meant to ease federal taxes for taxpayers. It pays to know the most recent changes, which you can use to prepare for the 2020 tax year.
4 Things That Will Be More or Less Expensive After Coronavirus
From record low gas prices to more expensive groceries, COVID-19 has changed the modern consumer experience. As life returns to normal, here are 4 markets where we'll see price changes.
Coronavirus Update
Investors and economists have been squarely focused on the spread of the new coronavirus, officially referred to as COVID-19, and its impact on the global economy. Government efforts to contain the spread of the virus have already impacted economic activity in China and other parts of the world, creating significant economic uncertainty. This has resulted in a stock market pullback over the past two weeks that some have referred to as the "coronavirus correction" and "virus volatility." While much ink has already been spilled on the topic, investors naturally still have many questions about what lies ahead from a long-term perspective.
Why Global Diversification Is Important Despite the Coronavirus
Global stocks have been in the red this year due to fears of the spreading coronavirus and geopolitical instability. The Chinese stock market, at the epicenter of the public health crisis, and emerging markets more broadly, have taken the brunt of the hit. At the same time, U.S. and developed market stocks have swung in both directions on a day-to-day basis. Given this heightened sense of fear from some investors, staying calm and internationally diversified is as important as ever.
Why Investor Discipline Matters When Markets Are Calm
The stock market has performed well not only over the past year, but since the beginning of 2017. Over this three-year period, the S&P 500 has risen by over 45%. Investors who were able to stay invested through the volatility of late 2018 and during turbulent periods of 2019 have been rewarded.