The coronavirus pandemic has been a challenge, affecting how we work, play, and interact. While individual situations surely differ, general financial lessons, which can help you better position and support yourself in the future, have emerged from the pandemic. Build Up an Emergency Fund Record numbers of people were laid off or furloughed at the Read more
COVID-19
Climbing Back: Is the Economy on the Rebound?
The plunge the U.S. economy took during the pandemic in spring 2020 was precipitous, with economic charts that resembled steep cliffs. In April 2020, industrial output fell 12.7%, the worst drop seen in a century of record-keeping. Entire industries shut down virtually overnight. In two months (March and April), employers cut 22 million jobs, more Read more
BAM meets PPP: Our Encounter with the Paycheck Protection Program
When we have “Black Swan” events, such as a worldwide coronavirus pandemic that throws the world’s financial markets into a tailspin, the investment advisory business becomes more challenging. But meeting those challenges by managing clients’ investments and expectations can be wonderfully satisfying. Part of the challenge is knowing where and when to find resources to Read more
An Ill Wind Blows Through First Quarter: Could Virus Slam Banks?
It should come as no surprise that the U.S. economy, largely locked down by the global coronavirus pandemic, turned in its worst performance in more than a decade in the first quarter of 2020. Worse, that dismal showing likely offers just an inkling of the damage yet to come as this plagued year continues. Gross Read more