Here is our latest collection of helpful insights and information about investing, personal finance, and stewardship. Stay safe!
10 years of U.S. job growth nearly wiped out in 4 weeks (NPR). How very quickly things can turn.
33 banks offering payment assistance for customers impacted by the coronavirus (Business Insider). You may be eligible for payment assistance toward your mortgage, car payment, credit card, personal loan, or private student loan.
Southern Baptist ethicist Russell Moore says churches may apply for SBA loans (Religion News Service via MinistryWatch). Dr. Moore weighs in on a controversial topic. — Related: Christian ministries and churches: Be careful before you take government money (MinistryWatch).
U.S. retirement savers stayed calm while stock markets plunged (Bloomberg via Yahoo News). A Morningstar analysis finds that only about 6% of investors enrolled in a 401(k) plan changed their portfolio allocations in the first three months of the year. — But also see: ’Mountain of cash’ swells to $4.5 trillion as investors rush to safety (Bloomberg via Yahoo News).
Anonymous local businesses donate $210K to pay all water and sewer bills in Fortville (Indianapolis Star). A kind gesture on behalf of residents of a small town in Indiana: "... an encouragement that we all might look out for one another."
And from the bloggers and pundits...
Knowledge of the future (PDF) (Howard Marks, Oaktree Capital). The lastest market memo from the refreshing Mr. Marks. ("This memo is about some things people think they know but may not.")
What next? (Morgan Housel, Collaborative Fund Blog). "Here are two big questions — one economic, one more social — that seem crucial to pay attention to as we think about recovery."
Eight financial strategies to consider during the COVID-19 shutdown of 2020 (Justin J. Carbonneau, Validea’s Guru Investor Blog). Not all of these ideas are appropriate for each investor, but most are worth looking into.
Where we are in the typical sentiment cycle (Jason Goepfert, SentimenTrader). Here is one writer’s speculation about where we are in the market’s typical upswing-downswing-upswing emotional cycle.
Our national-debt problem isn’t going away (Michael Tanner, National Review). "We shouldn’t pretend that there won’t be long-term consequences to [the current] federal spending spree."
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