Taught lessons of real estate investing from his self-made grandmother, Willie Mandrell talks about real estate, creating his own path, and the power of niching down.
The novel coronavirus information and number of coronavirus disease 2019 (COVID-19) cases change daily. Here are helpful links and resources for tracking and keeping up-to-date.
It should also be noted that the New York Times has removed the paywall for all coronavirus articles.
The Senate today agreed to a massive $2 trillion stimulus deal (roughly 10% of GDP) to combat the economic fallout from COVID-19. This is a bigger stimulus deal than the Great Recession. Here are some of the highlights:
Long-time friends, Pavel Chaploutskiy and Victor Rakovich talk about how growing up after the collapse of the Soviet Union impacted their views on money, business, and comedy!
This week began my family's social distancing, work from home (#WFH), homeschooling experiment. If you're not already doing the same, odds are that you will be soon. Having completed the prerequisite reading (Social Distancing: This is Not a Snow Day,) my wife and I politely turned down invitations for play dates and get-togethers. We remain focused on doing our part toward flattening the curve. This means having three kids (four if you count me) at home with limited contact to the outside world. It's an adjustment for everyone. Whenever the kids start clashing, usually by late afternoon, we take a family walk around the block. On just day five, we find ourselves walking a lot!
Last week jobless claims rose to 281,000. With the fast moving COVID-19 eviscerating demand, this is just the initial blast off of jobless claims. For those expecting a V-shape bottom, it is just way too early to call. Bill Gates believes the virus shutdown can last 10 weeks. This is going to be incredible strain on businesses.
Entrepreneur Jaime Harmon O'Connor shares the ups and downs of being a business owner, including the importance of overcoming personal fears.
The Fed Open Market Committee was set to meet this Tuesday and Wednesday and the market was expecting a 100bps rate cut to the emergency zero level. Instead, the Fed shocked the market with a Sunday rate cut of the expected 100bps and surprise announcement of a $700 billion bond buying program, aka Quantitative Easing 4. This certainly feels like a panic move by Chairman Jerome Powell and the Fed. A Sunday afternoon rate cut is unprecedented. The market didn't take it well with US futures opening limit down -5% and then stocks tumbled at the open to trigger a 15 minute pause in selling. What does it all mean for investors?
This is a replay of our client conference call on March 12, 2020 to discuss coronavirus and potential investing implications.
Andy Wang chats with Nicole Petallides, host of the Watch List, about volatility, corona virus, and dividend stocks.
