Good Financial Reads: Financial Considerations During the Coronavirus Pandemic

As you’re reading this, there is likely a major event in the news that may have you worried and is driving the stock market. One thing that often keeps people from becoming financially free is letting fear hijack their financial decision making. If you let emotion drive your investing decisions rather than logic, your investments will suffer.

Some of the people we’ve talked to are unemployed or have fewer working hours because of the Coronavirus. Everyone is being affected a little bit differently these days. 

First off, if your income has been ended or lowered, you want to file for unemployment.

There is Federal and State benefits you can get for your situation. We have a link about how to apply here.

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Here are some things you can do if you find that you need more cash flow and have a lower income. We will go through some tips of what you should always do, but especially now with Covid-19 income changes.  The government has actually increased the amount of time some of these benefits are available to you which is a very good thing!  

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On October 19, 1987 the stock market crashed, with the S&P 500 falling more than 20% in one day. The move was so swift and so unexpected that stock exchanges weren’t equipped with a game plan for how to handle such volatility.

The solution? Circuit breakers. Let’s see how they work.

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As time goes on, we know the market has been a little volatile, these are things we want to talk through instead of writing.

Let’s talk through the things of where we have come from, where we are going, and what we expect. We want to give you information and we want to help you understand what is happening. This is so that you aren’t fearful, you aren’t panicking. We just want to make sure we are educating you and keeping you up to date!

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