The third stimulus check of the pandemic, totaling up to $1,400, has started to hit bank accounts. With markets closed, the real action was on Coinbase, where buyers bid up Bitcoin to a new high of over $60,000 before a pullback.
While the market was expected to rally, trading was muted. Why? A new tax plan is in the works to pay for all the stimulus done now to bolster the economy. If passed, it would be the first tax hike since 1993. The tax package has an expected $2-4 trillion in revenue, and would also address infrastructure programs and climate change.
Have you gotten your stimulus check yet?
If so, how much of it are you investing in the markets? Hit reply and share your thoughts.
Now here’s the rest of the news:
Inflation – Not Covid-19 – Is Now the Biggest Risk To Markets –Sarah Hansen, Forbes
93% of fund managers surveyed expect inflation to surge in the next 12 months. Those inflation fears have led to the biggest drop in exposure to risky tech stocks in 15 years… [Read Here]
New Normal: High Unemployment. Near-Zero Interest Rates and More
Returning to the “old” normal isn’t likely. Pre-pandemic employment levels, 2% inflation, above-zero interest rates and economic security aren’t on the map. So where are we headed exactly? [Read Here]
March 16, 2020
Last week was a wild ride and, to be honest, I’m looking forward to a less eventful week.
It would be nice to be able to sit idly by and watch equity prices glide higher as volatility gets sucked out of the market. The realities may not be so easily achieved, but we can dream. #IHaveaDream
… about the coronavirus … It is okay to say, “I’ve heard a lot of information lately, and I appreciate your concerns & comments, but … I’m in overwhelm right now; and wish to make my own evaluations, and hope to take a break from it all now!” Thanks!
March 16, 2019
Caryl and I were out earlyish this morning. Got some groceries … picked up a new answering machine for ‘our landline’ phone. (you remember them don’t you?) Took it pretty much easy for the rest of the day! My sister shared this FB Post last week. I’ll try to re-capture its essence…
Sorry, video no longer available!
Have a great ‘rest’ of your week! 😉
March 16, 2017
Gold is up over $25 today … and I must own the only gold mining company stock that actually went down throughout the day.
I’ve taken on a business challenge. Here are my notes for the day. Sorry if they are of little/no interest to you. Here goes!
“The way you introduce your business or your products MUST be duplicatable by everyone you speak to.”
From Day One: Always be thinking, ‘What does this person need?’
- Better health?
- A new car this year!
- Being debt free…
- To have a holiday, or
- To travel more ‘for fun’ instead of just business.
Tools must show the Whole Package:
- Company video & follow up plan, and,
- On how to save money as a business entrepreneur (before you’re earning or making money.)
- Essentially [Sharing Value]