Corona Virus Update. Recession 2020?
Free Teleconference Next Thursday, March 5, 2020 at 9 am PT/noon ET. Get call-in details at the end of this blog.
Here is the Corona Virus scorecard so far. Apple and Microsoft have warned that they will miss their earnings guidance. Disney CEO Bob Iger abruptly gave his job to someone else on February 25, 2020. (This is a red flag. Iger wants to cement his stellar reputation of increasing Disney’s market capitalization five-fold, with the acquisitions of Pixar, Marvel, LucasFilm and Twenty-First Century Fox.) The Dow has dropped over 3000 points since the high set on Feb. 12, 2020 (as of the market open on February 27, 2020). The global market has lost over $4 trillion.
Why is the Corona Virus causing such a stir? Will the markets recover, or is this the beginning of a recession in 2020?
Let's discuss the facts and data, and a time-proven, recession-proof, strategy you can easily employ now.
Our hearts and prayers are with anyone who is struggling with this virus, those who have lost loved ones and anyone who is quarantined or furloughed from work. The very personal, human cost is always the greatest. Below is an update on the economic cost of the virus.
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Get your questions answered live in our free teleconference next Thursday, March 5, 2020, at 9 am PT/noon ET. Call: (347) 215-7305
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Please note: Natalie Pace does not act or operate like a broker. She reports on financial news, and is one of the most trusted sources of financial literacy, education and forensic analysis in the world. Natalie Pace educates and informs individual investors to give investors a competitive edge in their personal decision-making. Any publicly traded companies or funds mentioned by Natalie Pace are not intended to be buy or sell recommendations.
ALWAYS do your research and consult an experienced, reputable financial professional before buying or selling any security, and consider your long-term goals and strategies. Investors should NOT be all in on any asset class or individual stocks. Your retirement plan should reflect a diversified strategy, which has been designed with the assistance of a financial professional who is familiar with your goals, risk tolerance, tax needs and more. The "trading" portion of your portfolio should be a very small part of your investment strategy, and the amount of money you invest into individual companies should never be greater than your experience, wisdom, knowledge and patience.
Information has been obtained from sources believed to be reliable however NataliePace.com does not warrant its completeness or accuracy. Opinions constitute our judgment as of the date of this publication and are subject to change without notice. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.
Natalie Pace is the co-creator of the Earth Gratitude Project and the author of The ABCs of Money, The ABCs of Money for College, The Gratitude Game and Put Your Money Where Your Heart Is. She blogs on Huffington Post and Medium, and is a frequent guest contributor to national news shows and magazines. She has been ranked the No. 1 stock picker, above over 830 A-list pundits, by an independent tracking agency, and has been saving homes and nest eggs since 1999.