The #AskTheAdvisor Show

Today is Monday March 30th, 2020 and the markets just closed for the day. We're here to tell you everything you need to know, and to answer one big question on investors minds...."Have we reached a turning point?". Listen to find out. 

Late last night the senate passed the Care Act (finally). This stimulus package is aimed at helping families, individuals, and business weather the storm that is the Coronavirus. There's a ton of stuff in this bill, so we break down everything you need to know. 

Markets roared higher today as the ineptitude of Congress is now on full display for the world to see. If anyone ever wondered why Americans have such a burning hatred for Congress, look no further. Their lack of action in America's most crucial time is disgusting, abhorrent, and we should make them ALL pay at the ballot box in November. 

When stock markets crash, most investors feel a sense of panic. There’s nothing remotely comforting about seeing your stocks falling more than 10% in a single day. We humans are, by our very nature, loss-averse.

The first thought that may come to mind, especially for inexperienced investors, is to start selling stocks. But history has shown us that doing this can be disastrous. We should be buying stocks at market lows and selling them at market highs (or better still, holding them and banking lots of juicy dividends), not the other way round. Check out this week's pod to hear my thoughts.

The federal government is floating the idea of fiscal stimulus to inject strength into the economy while it battles the coronavirus. Will it work? We discuss.

If you have an investment account, it's very likely you have encountered capital gains at some point in the past.

With tax season approaching, it's natural that investors will have a lot of questions about long term and short term capital gains. This week on #AskTheAdvisor we break it down simple and easy to give you the info you need to know.

The sports world lost a titan on Sunday January 26th, 2020 when Kobe Bryant, along with 8 others including his 13 year old daughter, died tragically in a fiery helicopter crash. Kobe's influence extended far beyond the NBA, and through his talents and stardom he amassed over $680 million dollars of earnings throughout his career.

This week on #asktheadvisor we discuss the coronavirus and the potential impact on the global economy.

Here's how it works:

That's all there is to it. But it's surprisingly effective. The 30-day rule works especially well because you aren't actually denying yourself — you're simply delaying gratification. This rule has another advantage: it gives you a chance to research the item you want to purchase. This can save you from grief.

When it comes to money and investing, we're not always as rational as we think we are—which is why there's a whole field of study that explains our sometimes strange behavior. Where do you, as an investor, fit in?

Behavioral finance attempts to understand and explain how human emotions influence investors in their decision-making process. You'll be surprised at what they have found. Check out this week's #asktheadvisor and let us know what you think!