Do you find yourself glued to the daily news reports on market movements wondering about your own savings and investments? Before you make any hasty decisions, be sure you understand how these reports relate — or don’t relate — to your individual portfolio.
When it comes to your finances, “go with your gut” might not be the wisest adage to follow. In fact, it may work against you, particularly in periods of market turbulence. Before jumping to conclusions about your finances, consider what biases may be at work beneath your conscious radar.
Investors were guardedly optimistic last Monday as several countries and some states began to reopen their economies. The Russell 2000 jumped by nearly 4.0%, while the remaining indexes listed here all grabbed positive gains of at least 1.1%.
April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 pandemic. There were more than 700,000 jobs lost in March while total claims for unemployment insurance benefits soared to nearly 18 million. A cut in production didn’t prevent crude oil prices from hitting negative numbers as demand waned and storage neared full capacity. Purchasing managers saw manufacturing hit lows not seen in more than ten years.
Wills and trusts are common documents used in estate planning. While each can help in the distribution of assets at death, there are important differences between the two.
Markets were mixed on the week, as the large- cap U.S. market indices snapped their two-week winning streak and ended lower while the smaller- caps ended higher
Besides the ever-present COVID-19 concerns, the week was dominated by the negative price of oil, a busy corporate earnings week and stimulus3.5 from the federal government
The DJIA dropped 1.9% on the week, followed closely behind by the S&P 500’s 1.3% loss, NASDAQ’s small 0.2% decline and the smaller- cap Russell 2000’s 0.3% gain
On Monday, the price of a barrel of WTI crude to be delivered in May settled at -$37.60 per barrel, the first time in history that it has closed in negative territory
As the week progressed, WTI crude futures rallied, with the June WTI contract ultimately ending the week north of $17/barrel
Despite the extreme volatility in oil, the Energy sector was the only S&P 500 sector to see gains, as it jumped 1.7% on the week
The Real Estate (-4.4%) and Utilities (-3.8%) sectors fared the worst on the week
Weekly initial claims for the week ending April 18 decreased by 810,000 to 4.4 million
Smart investors are prepared to weather the inevitable rough patches, and even the best aren’t successful all the time. When the market goes off the tracks, knowing why you originally made a specific investment can help you evaluate whether those reasons still hold, regardless of what the overall market is doing.
Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers’ heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law
Holding an appropriate amount of cash in a portfolio can be the financial equivalent of taking deep breaths to relax. It could enhance your ability to make thoughtful investment decisions instead of impulsive ones.
Welcome to another week of Social Distancing! For the team at Lumina, the biggest change is that we aren’t meeting in person right now. Otherwise, our work remains the same. We continue daily collaboration as a team; but instead of