How to Navigate the COVID Crisis

03/24/20 • 28 min

We’re in unprecedented times right now. We’ve seen the Dow Jones fluctuate 3,000 points in a day, circuit breakers were tripped 2 times in one week this month, and oil recently hit an 18 year low. Panicked investors looking for liquidity are selling things like long-term government bonds, gold, and municipal bonds which are all typically safe havens. And the stock market has decreased 30% from its February peak.

In this episode, you will learn:

What’s happening?
- There’s a lot of information out there, some of it good and some of it not so good.
- This markets the end to the bull market, at least for now.
- How the coronavirus is different than other pandemics we’ve seen.
How does this compare to 2008?
- This was the quickest shift to a bear market ever.
- The quick drawdown was partially due to lack of information as the underlying economy was strong coming in to the crisis.
What is the path forward?
- How best to prepare for things if they get worse.
- How best to take advantage for a recovery.

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000

In this episode, you will learn:

What’s happening?
- There’s a lot of information out there, some of it good and some of it not so good.
- This markets the end to the bull market, at least for now.
- How the coronavirus is different than other pandemics we’ve seen.
How does this compare to 2008?
- This was the quickest shift to a bear market ever.
- The quick drawdown was partially due to lack of information as the underlying economy was strong coming in to the crisis.
What is the path forward?
- How best to prepare for things if they get worse.
- How best to take advantage for a recovery.

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000

Previous Episode

Focus On What You Can Control: 6 Strategies to Take Advantage of the Current Environment

The markets were off to a strong start in 2020, building on the impressive returns of 2019. In late February, a complete 360 happened as panic set in and COVID spread into The United States. In this episode of The Agent of Wealth Podcast, host Marc Bautis discusses why investors should focus on what they can control, including six financial strategies that could make an improvement in your life.

In this episode, you will learn:

How rebalancing your portfolio helps you stick to your investing plan, regardless of what happens in the market.
Why it may be a good time to consider: A 15 year mortgage, pre-paying your retirement plan, and harvesting tax losses.
Why it’s important to understand your risk tolerance and risk needs.
The best times to execute a Roth conversion.
And more!

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000

Next Episode

Individual Relief Available Through The CARES Act

On today’s show we are going to dissect the recently passed CARES Act Stimulus package. The bill was 800+ pages long and there is definitely a lot of confusion out there on what relief is available and how to get it. I am going to break the podcast up into two parts. On this one we are going to cover the Act specifically as it applies to individuals. On the next podcast we are going to cover the provisions for small businesses.

In this episode you will learn