- The Dow Jones Industrial Average and S&P 500 index climbed to new highs in the third quarter.
- The economy and the investment markets remain divided, but with economic improvements.
- Risks do exist, especially as we move closer to a potentially contested Presidential election.
Parents are facing immeasurable challenges during Covid-19 as they juggle work, family, school, health and finances. Some families are finding that they’re saving money during Covid-19, but many are watching their expenses increase, or they’re wondering how much they can spend to “survive” the pandemic. Worse, some parents are questioning how they can continue to work. On our sister site, SageVest Kids, we offer several financial aspects to consider as you navigate this difficult time. Read full article here.
The CARES Act implemented several measures to help Americans during coronavirus, including the ability to skip taking taxable Required Minimum Distributions (RMDs) for tax year 2020. However, the Act went into effect on March 27, 2020, after many people had already taken their 2020 RMDs earlier in the year. The IRS has since issued guidance allowing individuals to reverse their RMDs if completed by August 31, 2020.Read More
Hopefully you’ve heard the adage of “buy low, sell high.” With segments of the stock market experiencing significant recoveries, this is an important concept in terms of your investment strategy. We explore what we’ve been doing as part of our disciplined investment management process and considerations at a broader level.Read More
As all 50 states begin to reopen during COVID-19, millions of people in the workforce face a new dilemma. Are they ready to return to work, balancing their finances and their health? If you’re able to work from home then your decision is easy, but not everyone is as fortunate. Before deciding whether to head back to the office, take early retirement, or resign, consider the following key factors to assess your physical and financial health.Read More
Stocks have staged quite a recovery since their depths in late March. In fact, the upside was so swift that a bull market recovery started within one week’s time. While stocks have had ups and downs since late March, they’ve generally been moving higher, which is somewhat surprising with so much of the world in lockdown, businesses closed and unemployment soaring. We take a look at why stocks are staging a bull market in a bear market environment.Read More
It’s hard to find much good news during the coronavirus, but refinancing your mortgage during COVID-19 could help you save money long-term. Interest rates have plummeted, taking mortgage rates along with them. As a result, it might be advantageous to compare your existing mortgage to current rates to determine if refinancing your mortgage would be a smart financial move. We discuss the main points you should consider, during all times, as well as during COVID-19.Read More
SageVest Wealth Management’s latest quarterly commentary is now available. Highlights include:
- The coronavirus sieged the world in the first quarter of 2020.
- The longest bull market in history entered bear market territory in a matter of weeks.
- More than 80% of Americans are staying home, with numerous other countries following strict stay-at-home orders, all of which are sending shockwaves throughout the economy.
The coronavirus has dramatically disrupted our economy and society in a matter of a few short weeks. While it’s hard to find something positive in all of the tragic headlines, we think it’s important to recognize that public and private sectors have put forth a massive level of support in a very short time. More assistance is likely on the way, but here’s what you need to know now if you’re affected by the coronavirus (COVID-19), whether you’re an employee, an employer or retired.Read More
Business owners are the lifeblood of our economy, and millions of businesses, big and small, are being impacted by the coronavirus. If you’re a business owner facing financial challenges, we offer the following suggestions and resources that you should be aware of.Read More