Stocks

An imagined conversation with the legendary Vanguard founder about the coronavirus market crash.

Clients are advised to keep some of their savings in cash and focus on their long-term prospects.

“Americans need to know they have access to their money," Treasury Secretary Steven Mnuchin said.

“This is a demand and supply shock,” Jay Clayton said, adding that he’s concerned businesses might not have access to all the credit they need.

The negative superlatives for American stocks are piling up.

More bad news about the impact of the coronavirus further sapped investor spirits.

“Find ways to generate income,” says one financial planner.

Few clients think to look at the impact of capital gains on their mutual funds.

While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.

“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.

We can all play a part in preparing for this and future outbreaks.

Other global health threats, such as SARS, did not have long-term impact on stocks. COVID-19 might be another matter.

Fear and worry are rampant. One client asked if any other client had recently returned from China.

Over longer periods of time, the data makes a compelling partisan distinction.

Stock plunges can hurt more than some clients may know, due to their asymmetrical relationship with gains.

The custodian has made three big announcements. The connection between the three may not be obvious, but together, they indicate what I think could be a brilliant strategy.

Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.

The tricky part is educating clients on how to recognize what constitutes underperformance and overperformance.