Somewhat Succinct Summary of the CARES Act. Part II
Part II – Effects on Retirement Accounts and Taxes By Jon Aldrich As promised in the first installment of the Somewhat Succinct Summary of the CARES Act, here is the sequel you have all been waiting for. But first, I mentioned in my last article, the unprecedented jump in initial unemployment claims last week to…
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Part I – The Recovery Rebates By Jon Aldrich Wow, March has been a doozy of a month for all of us. A pandemic has hit the world causing everyone to fear for their health and that of loved ones. Most of us are on orders to stay at home to reduce the spread of…
Read MoreCould We Have Seen This Coming?
By Jon Aldrich I have been thinking about this a lot recently during these stressful times we are currently enduring. How did we not see the COVID-19 virus causing such an enormous economic and health crisis not only here in the U.S. but around the globe? Of course, we all saw back in January that…
Read MoreToday’s Real Heroes
By Jon Aldrich Source: https://www.ajc.com/blog/luckovich/mike-luckovich-the-frontlines/cLrwNVlsZdVZPIkJ6HGh6J/ The above cartoon which recently appeared in the Atlanta Journal-Constitution drawn by Mike Luckovich really struck a chord with me. A modern day version of the famous Iwo Jima photo from World War II which depicted our heroes from that era raising the flag on the Pacific Island near the…
Read MoreDarkest Before Dawn
By Jon Aldrich Source: https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 I keep thinking I am in the middle of a bad dream and that I am going to wake up and we are back to how life was just a few weeks ago. But, alas, that is not the case as this nightmare that 2020 has become is still ever-present….
Read MoreWe Have Been Here Before
Many of the same emotions as 9/11 and 2008 have returned By Jon Aldrich As all of us that lived through it, I remember September 11, 2001 very well. One of the things that has always stuck with me was how gorgeous a day it was across most of the country. The sky didn’t have…
Read MoreFocus’ Business Continuity Plan
What if we All Have to Stay Home for A Couple Weeks? By Jon Aldrich (View of my home office set-up) In today’s post, I am going to take a break from writing about the markets (we all know it is crappy right now, but as I have continuously mentioned, we will get through this)…
Read MoreWell, That Escalated Quickly
By Jon Aldrich Just like that scene in the movie “Anchorman” when Ron Burgundy declared “Well, that sure escalated quickly”, after the big melee with the other Action News Teams in the San Diego area, the action in the markets sure has escalated. Today, the markets dropped another 7.5% or over 2,000 Dow points as…
Read MoreSo Now The Market is Finally Concerned About Coronavirus?
By Jon Aldrich I am writing this on a plane heading to Arizona for my annual golf trip and a little bit of actual work. It never fails, when I go on a trip for a few days, the market often has a temper tantrum. This time it is fears of the Coronavirus and a…
Read MoreShould we “Curb Our Enthusiasm”
By Jon Aldrich 2019 was a great year for stocks, bonds and virtually every investable asset class. This was a welcome follow up to 2018, when virtually every asset class except cash went down. The nice thing, though, is that just about everything went up much more in 2019 than they went down in 2018….
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