Back in January, I wrote a blog post when coronavirus, COVID-19, first appeared on the radar. There were just 600 cases and the Chinese government had already locked down Wuhan and neighboring cities. I was hopeful that with modern medicine and China's quick quarantine that the coronavirus could be contained. While the Chinese appear to have contained their cases, the rest of the world hasn't taken enough aggressive action to stop it in its tracks and now Western Europe is about to pass China in number of active cases! This is a frightening thought as only Italy has gone into lockdown and it did so at over 10k cases. The Europeans aren't taking enough action and this problem is spiraling out of control.
On Tuesday morning, the Fed stepped in and cut the Fed funds rate by 50bps in an emergency move to try and calm markets over coronavirus fears. Markets immediately spiked up but then sold off throughout the day. The market is expecting more rate cuts this month from the Fed and the ECB. For investors, the question is: can the central banks fight off the effects of coronavirus? The answer is yes and no.
This is my story about how doing a favor for a friend from Maui has benefited my community in New Jersey many times over.
Right now the media is obsessed with the coronovirus and fear is running rampant. Even my local school district in NJ had to comment on coronovirus despite there being only 60 cases in the entire United States and none in NJ. While we don't take this subject lightly, we do believe that this is providing one of the yearly "buy the fear" points, not a time to sell.
Bradley Davis, Founder/CEO of Podchaser, talks about launching a start up, fundraising, and his evolving views on money.
Leslie Tayne, a debt resolution expert, talks about different types of debt, the right mindset for debt, and things to look for when seeking help.
Co-founder at MORTAR, Allen Woods shares how supporting local entrepreneurs helps keep long-time residents in their changing communities.
Last Friday, Chris Wang talked about the strong jobs reports and growth stocks, Luckin Coffee (ticker LK) and Activision Blizzard (ticker ATVI). Check out the videos to learn more. Hear what the strong jobs report means for the market and importantly what it means for the still very accomodative Fed. Also find out why Chris is excited about the prospects of LK and ATVI.
Lessons from peak performance psychologist Dr. Don Greene on how to perform better under pressure and how mindset can impact your money.
Samantha Riley has built multiple business and shares her path as a business owner, the importance of finding your zone of genius, and how to sell your expertise online.
