Your personal financial security is a top priority for Your Survival Guy. Every time a major disaster or emergency occurs, financial fraudsters kick into high gear. They attempt to take advantage of the panic and confusion by conning you out of your hard-earned savings. The COVID-19 coronavirus outbreak is no different. Here's some information you should keep in mind as the days go by. From the Federal Trade Commission (FTC): The FTC and FDA have jointly issued warning letters to seven sellers of unapproved and misbranded products, claiming they can treat or prevent the Coronavirus. The … [Read more...]
Archives for March 2020
The First Big Test for Crypto-Currency Isn’t Going Well
In the face of their first big test since popularization, crypto-currencies are not faring well. Jemima Kelly reports of bitcoin for FT's Alphaville (abridged): For a brief moment there, it really did feel like the good old days. Bitcoin shot up from about $5,200 to about $5,900 just after the Fed’s announcement. This was the beginning of something special, wasn’t it?! Alas, no. This bouncing cat, it turned out, was lifeless. For those fleeting moments after the Fed announcement bitcoin could thrive; could be free; could resume on its slow but unstoppable trajectory toward the moon. But … [Read more...]
VIDEO: MIT PhD Puts Coronavirus into Perspective
Here are 20 foods that are high in Vitamin A. - Dick Young … [Read more...]
Wise Words to Always Invest By
Trump Knocks it Out of the Park with Coronavirus Speech
President Trump gave a speech at 3:30 today, declaring a National State of Emergency to speed the coronavirus response. Trump mobilized the private sector and slashed regulations and antiquated red tape designed for a different time to increase the amount of testing that can be done. There will be a website ready by Sunday that will help Americans decide if they need to be tested, and where they can go to get a test. Companies including Wal-mart, Walgreens, CVS, Target, Roche, Becton Dickinson, Thermo Fisher, SYNERGY HomeCare, and Quest Diagnostics have volunteered to help millions … [Read more...]
Invest with Balance
Diversification and patience are essential to long-term investment success. Put all your chips on one stock and you risk financial ruin if that stock ends up being the next Enron or AIG. Buy without providing time for the investments you select to work out and you may experience the same outcome. A diversified portfolio that includes stocks and bonds is ideal for retired investors and those approaching retirement. Balanced portfolios are less volatile and less risky than all-stock portfolios. Balanced portfolios also help those investors who no longer have the safety net of a regular … [Read more...]
Coronavirus Infects Stock Market: Part XIV
Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told CBS News' Norah O'Donnell that life may not get back to normal for up to two months. Two months is a long time. Here's a bit of the back and forth between O'Donnell and Fauci: O'DONNELL: We know the symptoms of COVID-19 are dry cough, fever and shortness of breath. If someone has those symptoms, should they go to the emergency room? FAUCI: No, thank you for the question. They should stay home, call the health care provider, call their physician or even call the emergency room and say, these … [Read more...]
Fed Turns Non-QE into QE
From the Federal Reserve Bank of New York: Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations March 12, 2020 The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released a new monthly schedule of Treasury securities operations and has updated the current monthly schedule of repurchase agreement (repo) operations. Pursuant to instruction from the Chair in consultation with the FOMC, adjustments have been made to these schedules to address temporary disruptions in Treasury financing markets. The Treasury securities … [Read more...]
Coronavirus: What’s the Latest?
We continue to monitor developments in the outbreak of the COVID-19 coronavirus. Traders, speculators, and even some investors who have taken on too much risk are clearly in panic mode. Panic and portfolio management are like ammonia and bleach. Mix them, and you create a toxic brew. Preparation is the key to keeping calm during a market rout. Investors with balanced portfolios are in much better shape than those who are leveraged and long all-stock portfolios. We continue to monitor the coronavirus and the corresponding economic fallout carefully. We aren’t doctors or virologists, … [Read more...]