It would be inexcusable to have a financial literacy blog and not talk about the Coronavirus. Last week (Feb 23rd-29th), the DOW fell more than 1000 points. For those who may not know, the DOW is short for the Dow Jones Industrial Average. The DOW is a collection of 30 popular publicly traded companies. The reason that the DOW would fall would be because investors are afraid of putting money in because they think they will lose money. This can be due to something like a natural disaster or some other economic problem. In the two articles I read, the message was consistent. As far as investing goes, there is nothing to be afraid of. This is actually a great time to put some money into the market as many stocks prices are lower. For the record, I am in no way a financial advisor, nor do I have any of the qualifications to give financial advice. That was the disclaimer for what I am about to say next. At the time of writing this, JPMorgan Chase and Co. (Ticker:JPM), has a current price of $117.10. Due to the Coronavirus, the price has fallen about $20. Again, I am not a financial advisor and this is not financial advice, but I would take advantage of this before it is too late. To quote Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful”.
Be sure to let me know what topics you would like covered as well as what material you are looking at on your own. As always, I love all of you and would like to thank you for the support and for taking the time to read. Stay blessed.
This blog post was inspired by information found at:
https://www.financialsamurai.com/the-benefits-of-a-coronavirus-induced-stock-market-meltdown/
The More You Learn The More You Earn 