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Today's Animal Spirits is brought to you by the Coronavirus Daily Briefing O n today’s show we discuss: The best financial books about the panic Bill McBride's 40-day plan to recover If you sold last week, what do you do now? What if you bought stocks too early? 75% of restaurants could go under without any help Airbnb is in trouble Is the FIRE movement finished?
The CARES Act: A First Look eberkwits Fri, 03/27/2020 - 12:33 On March 25, the Senate unanimously passed a significant stimulus bill to help individuals, families, and businesses weather the economic disruptions caused by COVID-19. The passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is the culmination of several days of negotiations between Republican and Democratic leaders in Congress and the White House.
It’s been an incredibly stressful time for most advisors and their clients. You have been putting out fires, worrying about the markets, and having the same conversations over and over with clients. But what comes next? How can you maintain a trusted relationship with your clients at a distance? How can you work remotely with the same level of efficiency and connection?
We've seen a wide range of estimates for how the economy will be impacted by the shutdown. The coming slowdown is likely going to be unlike anything we've seen since the Great Depression. It's almost a foregone conclusion at this point that the contraction will be deep, we just have to hope that it will be short. In the past, the stock market has fluctuated way more than the economy, which makes sense considering the economy is run by businesses and the stock market is driven by fear and greed.
The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
The CARES Act: A First Look. eberkwits. Fri, 03/27/2020 - 12:33. On March 25, the Senate unanimously passed a significant stimulus bill to help individuals, families, and businesses weather the economic disruptions caused by COVID-19. The passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is the culmination of several days of negotiations between Republican and Democratic leaders in Congress and the White House.
A reader asked me what my favorite books are about financial panics. Before getting into them, it's worth mentioning that books can only do so much. They can't teach you how to invest, they can't help you to control your emotions, and they can't prepare you for how to deal with the unexpected. What they can do is give you a sense of what has happened before so that we might understand what can happen again.
So this happened today. [link].And then this happened Stocks rose more than 6% on the same day that unemployment numbers shattered the previous record by an order of magnitude. What, how, why? Barry and I discussed how this could have happened, and what if anything it means going forward. [link] The post Why The Stock Market Rallies on Bad News appeared first on The Irrelevant Investor.
So this happened today. [link].And then this happened Stocks rose more than 6% on the same day that unemployment numbers shattered the previous record by an order of magnitude. What, how, why? Barry and I discussed how this could have happened, and what if anything it means going forward. [link] The post Why The Stock Market Rallies on Bad News appeared first on The Irrelevant Investor.
Tax Loss Harvesting: Upside To A Down Market ajackson Thu, 03/26/2020 - 14:08 The market's path forward is extremely uncertain right now, but there are still planning steps that investors can implement today to generate positive results down the line. Tax loss harvesting (the process of realizing a loss on the sale of an asset, in order to mitigate taxes on subsequent capital gains) is one of those planning steps.
Tax Loss Harvesting: Upside To A Down Market. ajackson. Thu, 03/26/2020 - 14:08. The market's path forward is extremely uncertain right now, but there are still planning steps that investors can implement today to generate positive results down the line. Tax loss harvesting (the process of realizing a loss on the sale of an asset, in order to mitigate taxes on subsequent capital gains) is one of those planning steps.
O n today’s show we discuss: Why hindsight bias is so dangerous Laffer and Moore's embarrassing op-ed Jobless rate might soar to 30% How Denmark is dealing with the crisis Stock market valuations Damodaran on valuation Dining bonds Massive redemptions in bond funds The bond market and the ETF market The state of the consumer before the panic Listen here: Recommendations: Ted Seides and James Aitken on the guts of the financial system Coronavirus financial relief The Great Depression A Diary The
Yesterday was the best day for stocks since 1933. Last Monday was the worst day since Black Monday in 1987. The volatility has been absolutely dizzying. What the hell is going on? Market professionals know this all too well, but the average citizen watching this might think the market is broken. The market is not broken, it is undergoing a paradigm shift.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
Stocks continue their manic behavior, with the Dow posting its best two-day gain since 1987.* On March 12th, stocks fell 9.5%, which was the worst day since 1987, and put the indices firmly in bear market territory. Over the next seven sessions, the S&P 500 fell another ~12%, making anybody who sold a week earlier feel pretty good about their decision.
In a bull market, protecting one's downside gets punished, and after being burned enough times, people tend to lighten up on risk management, or abandon it altogether. This doesn't happen suddenly, it slowly builds over time. In a bull market the more risk you take, the more you're rewarded, and the more you're rewarded, the more you forget about risk.
Articles Investors all over social media are panicking. Because they don’t have a plan. But you do. By Meb Faber Fewer than 200 civilian vehicles were built in the United States from 1942 to 1945. Every assembly line was devoted to war By Morgan Housel We talk about what’s happening, not what isn’t happening By Dan Egan The Treasury market is the foundation of the global economic financial system By Tim Duy We are in a severe recession right now that is unlike any other in recent history By Gav
Many advisors today are struggling to connect with new clients in person. Seminars and networking are out, yet investors have an unprecedented urgency to protect their wealth. That makes it the perfect time to invest in helping people find you online through search engine optimization (SEO). We’ve created our SEO package to help advisors show up higher in search results and get more people to their websites.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
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