Ever wondered what's going to happen post Covid-19? So today, I'm going to share with you the key concerns.
“Concerns- the virus is still here, no cure, no vaccine, no treatment, and this disease is highly infectious.”
Election year presents a unique challenge to the stock market, because it usually adds volatility to it.
Trade negotiations between the United States and China impact the world, as they are intertwined with the entire global commerce.
Coronavirus accounts for over 120000 deaths in the US, and if another country creates vaccines first, it’s going to be a challenge; because we don’t have the infrastructure to develop enough vaccines for everyone.
Out of 110,000,000 people who had debt issues, 25% added to their debts, 40% of the US population lives paycheck to paycheck. People are going back to work to pay off debt. The unemployment rate is 23.9% according to Fortune!
41 % of people are struggling to pay rent and mortgage. 43% of people are considering selling their homes and moving. A large influx of sellers at one time could destabilize the real estate market.
Fishermen are throwing back 30% of their catch, dairy companies are pouring their milk away, and produce companies are throwing away produce.
People are not paying sales tax and property taxes, and states tax revenues are affected. For example, Pennsylvania’s gas tax revenue is down 30%.
Research says 937 public colleges are in bad financial health. Also, the number of foreign students is down, either because of immigration policies or travel phobia.
With the stock market going on a decline, so are pensions. Annuities are down 25% due lower interest rates. The stock market fell 35% when the coronavirus problem was accepted..
So learn to diversify, rebalance, and keep a long term view, and use low-cost tax-efficient investment vehicles. We’ve been through a lot in this country. Dont bet against the US economy long term. “This too shall pass.”

Ver todos los episodios