April 5, 2020
The coronavirus is not only a serious health scare, it is also a serious financial crisis. Businesses are being forced to shut down and people are losing their income. The stock markets are reacting negatively as expected. While taking losses in our equity portfolio is never a good thing, it does present an opportunity to reduce taxes this year and into the future.
March 24, 2020
The coronavirus pandemic has a lot of dark sides. Around the world, people get ill and die, schools close, the healthcare system is overloaded, employees lose their jobs, companies face bankruptcy, stock markets collapse and countries have to spend billions on bailouts and medical aid. And for everyone, whether directly hurt or not, Covid-19 is a huge stressor shaking up our psyche, triggering our fears and uncertainties.
March 24, 2020
Stocks just had one of their worst months on record with the S&P falling 8.2% on a total return basis. These are the worst monthly declines on the S&P going back to 1926 You can see plenty of these massive down months have occurred in and around some of the worst market crashes in history — the Great Depression, the 1973-74 bear (we need a name for this one), black Monday in 1987 and the Great Financial Crisis. Here’s the good news about huge monthly losses from the past...
March 17, 2020
We are in the midst of scary times. There is a lot of uncertainty about the coronavirus. Our government officials are shutting down schools, churches, restaurants, bars and all other places and events where we tend to gather in groups. In fact, just before I wrote this, President Trump held a news conference advising people to avoid gathering in groups larger than 10. This is good advice that we should heed to protect our health and that of our loved ones.
March 16, 2020
Watch the video of Jake DeKinder, Head of Client Communications, and Mark Gochnour, Head of Global Client Services, discuss recent volatility in financial markets and provide perspective on these events.
March 15, 2020
The coronavirus has brought into sharp focus the fact that our health is even more important than our money. Well managed finances complete with strong savings programs is of little value if we lose our health. That is why, at Allison Spielman Advisors, we are taking action to protect both your health and your wealth.