Finance Globe

U.S. financial and economic topics from several finance writers.

By accepting you will be accessing a service provided by a third-party external to https://www.financeglobe.com/

Advice for Recent College Graduates

college-grad-wearing-mask
This is not a great time to be a recent college graduate. The economy is in terrible shape and there are over 40 million Americans who have recently filed for unemployment in the last 10 weeks. I have asked several associates what advice you would give to recent college graduates. These associates all graduated in 2008-2009 and know what you are getting into. Below is a summary of their advice and a few tips based on...
Continue reading
  572 Hits
  1 Comment
Recent comment in this post
Wanderer
Sad to have to consider living so frugal after four years or more of a spartan life style but, seems a good path to follow for the... Read More
Tuesday, 09 June 2020 02:44
572 Hits
1 Comment

May's Stock Performance

stock-market-board
The stock performance in May has been very strong, which is a surprise to many. April was very strong and May continued that trend. The stock market finished higher on 5/27, with the Dow and S&P 500 both clearing critical milestones as investors cheered a reopening of the economy and a potential coronavirus vaccine. The Dow closed above 25,000 and the S&P broke 3,000, both for their first time since March—showing the market’s recovery from the...
Continue reading
  581 Hits
  0 Comments
581 Hits
0 Comments

Coronavirus Lessons for Anyone with a Retirement Fund

retirement-golden-egg
Even in the absence of a global pandemic, retirement is very difficult to manage and plan for. Everyone’s retirement funds have likely seen the ups and downs recently and likely feel very concerned about the state of our economy. However, now is not the time to panic and make quick decisions without a thorough thought process. Below are some lessons to take to make sure you are planning for your retirement the right way.Have flexibility in...
Continue reading
  565 Hits
  0 Comments
565 Hits
0 Comments

April Stock Performance

market-volatility
I will not begin to predict or even fully understand the recent ups and downs of the U.S stock market. However, given all the volatility recently, I thought it would be helpful to provide a high-level summary of the U.S. stock market performance each month. Below is a high-level summary for the month of April. The Dow and S&P 500 posted their best month of performance since the 1980s. Optimism has been driven by hopes that many...
Continue reading
  1265 Hits
  0 Comments
1265 Hits
0 Comments

Outlook on U.S. Economy

economy-coronavirus
The U.S. economy is facing a significant economic recession likely one that is truly unique and not like other recessions we have ever seen before. There is little doubt that we are already in a recession because of the coronavirus pandemic, with many businesses shut down, and many Americans are staying home. It is difficult to say when the bottom will occur and how long it will take to climb bank. However, I have gathered a...
Continue reading
  1271 Hits
  1 Comment
Recent comment in this post
Wanderer
Good read! Does not lay out a positive future at this time and likely is on the mark. Disappointing. Hard to believe one item in l... Read More
Sunday, 03 May 2020 02:48
1271 Hits
1 Comment

What To Do If You Are Laid Off?

unemployed-coronavirus
Unfortunately, there have been mass furloughs and layoffs over the past 30-60 days due to the COVID-19 pandemic. Many people are out of work and do not know when they are going to go back to work. If you have recently been laid off, there are a few steps I would recommend for you to take. I hope you are able to find another job quickly and I hope with COVID-19 pandemic goes away at some...
Continue reading
  1148 Hits
  1 Comment
Recent comment in this post
Wanderer
There is an added item that was written up a few days ago in the credit circles. The item has to do with the lender forgiving pay... Read More
Sunday, 03 May 2020 02:55
1148 Hits
1 Comment

Government Financial Assistance for Businesses and Individuals

government-stimulus-check
The US government is making unprecedented moves to help individuals and businesses during this COVID-19 crisis. Like myself, I am sure you are feeling the effects as our daily life is very different. I know many people are suffering and many businesses are shut down for the foreseeable future. On somewhat of a positive note, the government is trying to scramble and offer assistance for the individuals and businesses that are most effected. Below is a...
Continue reading
  1049 Hits
  0 Comments
1049 Hits
0 Comments

Do You Need an Emergency Fund?

saving-money-mangement1
When everything is going as planned with your finances and life in general, you don’t see much reason to have an emergency fund. It’s easy to believe that everything will remain the same into the future. However, don’t be fooled. Things can and will go wrong, ranging from the current coronavirus pandemic to a necessary home repair. With an emergency fund in place, you have money to fall back on should you need it to get...
Continue reading
  724 Hits
  0 Comments
724 Hits
0 Comments

Refinance Opportunities

mortgage-check1
While the markets are in turmoil and everyone is in isolation due to the coronavirus, there is some potential positives out there from a personal finance perspective. Given the declining interest rates, this would be a great opportunity to refinance your house. In fact, low mortgage rates are leading homeowners to take cash out of their homes at the highest levels since the financial crisis. This is all due to the fact that the Federal Reserve...
Continue reading
  1586 Hits
  0 Comments
1586 Hits
0 Comments

What is the Difference Between a Bear Market and a Bull Market

bear-market-coronavirus
I am sure everyone is watching the stock market very closely. As you hear a lot of terms out there on what kind of market we are in, a lot of financial commentators are stating the bull market is over and now we are in a bear market. A lot of people have asked me, what exactly does that mean? Below is a high level overview of the differences between a bull and bear market. Please...
Continue reading
  1588 Hits
  1 Comment
Recent comment in this post
Wanderer
Good points to raise our awareness. Remembering back to 2008 when the Dow was around 8500. We are heading that direction. A shake ... Read More
Sunday, 22 March 2020 03:04
1588 Hits
1 Comment