PDS Planning’s Jamie Menges, CFP®, CPA, provides expert advice on how to use your CARES Act stimulus money, as featured on this evening’s NBC4 news broadcast and in an accompanying article. Click to play video: Click to read article: Link https://www.nbc4i.com/news/best-practices-for-how-to-use-your-stimulus-money/ Please remember that past performance may not be indicative of future results. Different types…
Market Recovery Alphabet Soup As we all continue coping with the immediate health, economic, and financial market impacts of the coronavirus pandemic, we thought it would be helpful to look forward to the eventual recovery, particularly from a financial markets perspective. Of course, we do not intend to minimize the loss of life and potential…
Beyond Your Finances, Estate & Legacy
Spring Cleaning: Personal & Financial Growing up the two most detested words were when my mom would announce every April that it was time to begin our “Spring Cleaning”. It meant endless hours of moving furniture and tearing our bedrooms apart to clean under and behind our beds and dressers, wiping down baseboards and…
Bear Markets & Bull Markets Rather than emotionally reacting to headlines which tend to vacillate between extremes, we feel it is important to provide unbiased, factual information to provide historical context and allow us all the mindset to make informed, rational decisions. Longest Bull, Quickest Bear We recently experienced the longest bull market in history…
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Update In response to the COVID-19 pandemic, Congress passed the CARES Act to provide economic relief across the economy. While the entirety of the CARES Act is lengthy, many of the provisions in the legislation likely have a direct impact on every one of us. We…
April 2020 Financial Markets Summary The first quarter was a tale of two halves for both the markets and our daily lives. In the markets, the first month and a half started well with 2-5% gains across most asset classes. Investors’ biggest concerns seemed to be the trade tensions with China, slowing global growth,…
In recognizing that managing finances is simply the fuel to help you pursue your passions and spend time with the ones you love, we regularly share “What’s Happening at PDS” to let you know what our staff has been up to, both personally and professionally. While all of us at PDS Planning continue to follow Ohio’s “Stay…
Originally published March 26, 2020 U.S. Senate Unanimously passed (96-0) before midnight on Wednesday, 3/25/20 U.S. House of Representatives expected to vote Friday morning, 3/27/20 U.S. President expected to sign off on authorization immediately after U.S. House approves Coronavirus Stimulus Package At $2 trillion, the U.S. government’s Coronavirus Stimulus Package in response to the…
Market March Madness This is typically one of my favorite times of the year as we see the start of spring, the Masters and the famed NCAA March Madness. I’m glad to see the trees budding and the grass greening, but the sporting events have been replaced by the coronavirus and Market Madness. Volatility…
Beyond Your Finances, Market Commentary
Good News, New Opportunities and Things We Can Control It is completely understandable to fear uncertainty. Like most crises (9/11, housing recession, etc.) this coronavirus crisis comes with a lot of uncertainty causing us to feel anxious, overwhelmed, and confused about how to handle our money. The COVID-19 pandemic adds the additional unusual aspect of…
As I get used to the new (temporary) normal, working from home each day, I’ve had the morning news shows running in the background and find myself each day stopping my work during the segment where they have a doctor on who is answering write-in questions from viewers. I’m paying attention because in many…
“This time, it’s different.” Maybe so. Our country hasn’t had to deal with a global pandemic such as the Coronavirus since before the Great Depression. So in that regard, I’ll give you that it is different this time, yet in many ways, it is the same. Remember the depths of the Great Recession in…
There is an old adage on Wall Street: the market goes up the escalator and down the elevator. Stock gains tend to be small, relatively steady things accumulating over years like we have experienced since the start of the bull market in March, 2009. Stock declines tend to be much quicker as markets respond…
March 2020 Financial Markets Summary Stock markets around the world were rocked during the last week of February. Prior to this past week, markets had been fairly resilient to the coronavirus concerns with the S&P 500 breaking its all-time high on February 17th. However, everything changed when a rising number of infections in Europe caused…
