Coronavirus Infects Stock Market: Part LI
“You know what’s crazy,” a client told me yesterday, “is that investors spend more time buying a grill than picking a financial planner.” Friends of his are in deep financial trouble. The virus has made it even worse, and the losses are taking a toll on their health.
Another client, who’s in my business, brings bond deals to market. He said every deal is oversubscribed with demand through the roof. We talked about how the retail investor has no chance to get in on these deals.
When it comes to your bonds, you don’t want to be a retail buyer like you’re shopping at the grocery store. You want to be able to pick what you want before it gets to the store.
Are bonds dead?
Well, let’s look at Vanguard GNMA as a proxy. Look how it performed when the stock market imploded.
The key to your success is to seek out corporate bonds that offer safety and yield in times like these.
Read my entire series, Coronavirus Infects Stock Market here.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Are $2,000 Checks Going to Rebuild NYC? - January 15, 2021
- The Fed is Sacrificing Retirees to Save the Banks - January 15, 2021
- How Are You Doing on a Local Level? - January 14, 2021
- February RAGE Gauge: Americans Focusing on What’s In Front of Them - January 14, 2021
- There’s Always a Way Forward for Americans Like YOU - January 13, 2021