The Unknown

May 20, 2020
Hope you are well and safe during this extraordinary time. Because of COVID-19, the market volatility is much more erratic than the typical “ups and downs”. Since it is difficult to time markets in an attempt to get in and out at the “right time”, staying the course has historically made sense even during uncertain times. We had a major downturn followed by a rally in April. Yet the economic landscape continues to look unpredictable.

Magnitude Matters

March 24, 2020
Many people are shocked at how quickly their economic fortunes have changed with the market crash and closing of some businesses. The stock market has declined at a historic clip. Many people’s income has gone down or stopped. And the damage may continue for some time until normalcy comes back.

So how do we focus on what we can control in the aftermath of all this shock? Understandably most of us are not in the mood to make many adjustments while still coming to terms with recent events. But we may need to make financial changes. My recent blog “Magnitude Matters” suggests tackling bigger ticket items, even when dealing with small concrete items, feels easier and more manageable.

Monthly Affliction

March 21, 2020
As we readjust to spending more time at home, it is an ideal period to reevaluate all the auto-charges that we have on our credit cards. For example, I have a family health club on autopay. Since the club announced it will be closed for a month, will everyone get a credit or only those who ask for one? I decided to proactively put my membership on hold. Other auto-charges may seem unnecessarily high now or not essential. Time to purge with these tips from my blog.