WealthWise Moment

It’s so important to have a grasp on the economy, and to understand how things can directly, or indirectly affect each of us. Economic expert Loreen Gilbert helps us wade through the the intricacies of today’s economy. We discuss the unemployment numbers, a new 3 trillion dollar aid package, consumer spending, the outlook for the next 2 quarters, and the importance of emerging markets. It’s an informative and comprehensive look at the economy at this very moment.

Helping us unclutter the financial picture, economic expert Loreen Gilbert discusses the Fed’s purchase of debt, including junk bonds, the expected numbers for Friday’s jobs report, and the food supply chain. We also discuss the many companies filing for bankruptcy, and the relative safety of the municipal bond market.

On the day of the largest quarterly drop in GDP in the past 12 years, Loreen calls in to help us make sense of it, and to help us wrap our heads around what may be as much as a 40% drop in the 2nd quarter. She also helps us navigate the PPP for small businesses, and the reasons billion dollar companies were qualifying for assistance. That, the FED, and so much more…A thorough examination of the economy.

On the morning the Senate approved an additional 310 billion dollars for the Paycheck Protection Program, economic expert, Loreen Gilbert helps us sift through the minutia of the bill. We also discuss the feeding frenzy that took place with the initial aid package, that was hollowed out in only 2 weeks…in many cases by large, cash rich companies receiving government assistance. We talk about how the virus has personally affected her, both physically and economically. We cover oil bottoming out, and we ask if it is in fact too early to open up? An informative and timely conversation.

On the morning we learned the retail market has taken an 8.7% dive in March, Loreen Gilbert gives us a dissection of the economic impact of the COVID-19 virus. Everything from what to expect the April numbers to look like, to bracing for the unemployment numbers later this week. We also discuss the latest report from the IMF, retirement plans, how long a financial recovery might take, and how devastating a 2nd financial shutdown would be, if we open up too soon. A financial report that addresses all Americans.

At a time when having facts and well researched information is invaluable, we are fortunate to speak with Loreen Gilbert, CIMA, AIF, CRC, CLTC, President of Wealthwise Financial Services. An informative and necessary conversation covering a wide variety of financial questions many of us have regarding our families, businesses, and investments.

Loreen gives us the latest on the bi-partisan relief package, and the negotiations taking place in order to pass it. She also explains how investors might move from 2020’s “safe Bet” growth stocks, and confidently move into value stocks for 2021. We also look at two companies headed in very different directions, TESLA and EXXON. We discuss navigating economic and market risks through a tactical investment philosophy, and really important year end strategies.

A very informative conversation with Loreen about the fast approaching Dec 26 deadline for relief to keep the pandemic jobless program, rent protections, and the deferred student loan program afloat. We also learn about some year end strategies that she recommends for each of us, as well as Nasdaq’s diversity push for corporate America. After revealing exiting news about tech stocks, She also helps Ed craft a strategy for his hypothetical “vaccination incentive” idea.

Loreen explains why with COVID-19 numbers skyrocketing, the slowest job growth since the recovery began, and new unemployment claims remaining steady, the markets remain bullish. She also addresses our debt, and answers my question of now, maybe being the perfect time to ADD to it with worthy goals, since interest rates are so low. We also discuss her year end strategies for investors, as well as the latest news from TESLA & Airbnb.

Loreen explains the gamechanger economic effects that Pfizer’s announced vaccine early results could yield. And, as the market looks beyond Covid-19, what does the future look like for companies like ZOOM and NETFLIX…”stay at home” companies. The conversation also includes market rotation, and her invaluable suggestions of how to recognize and avoid online scams.