Benjamin Haas |
The big news this morning was the initial jobless claims which was a shocking number. For certain clients, the passing of the Senate stimulus bill called the “Relief for Workers Affected by Coronavirus Act” has the potential for significant impact on 2020 financial planning.
If you work with us, you’ve heard us preach the 3 bucket theory. The 3 bucket theory isn’t an original Haas Financial Group thought, even though you might believe it is based on our conviction. Christine Benz describes it so well in this piece, which highlights why 3 bucket theory subscribers (that’s YOU Haas Financial Group client), hopefully have a little more peace of mind during these unsettling times.
Benjamin Haas |
In uncertain times, we want to err on the side of over-communicating with you. Because the World Health Organization has declared the coronavirus a worldwide pandemic and because last evening, March 19, Pennsylvania Governor Tom Wolf ordered all non-life-sustaining businesses in Pennsylvania to close their physical locations to slow the spread of COVID-19, we feel there are a couple of important notes to share with you about our relationship.
Benjamin Haas |
I’ve been advising clients for 14 years now. It feels like I’ve discussed, written, ate, slept and breathed investment commentary and asset allocation advice more in the past three weeks than I have in the prior 14 years combined.
No one knows with any real certainty how much, or for how long, the Coronavirus will impact the US economy. What we do know is that it will have an impact.
In times of stress, most investors feel like they need to do something. Anything. Sitting back and being patient for things to get better after experiencing losses like last week isn’t easy.