The July 2020 edition of Fairman Perspectives highlights several topics related to the current market surrounding COVID-19. Topics include speculative investments, performance benchmarks, retiree confidence, and other topics related to investing. Learn more!
As companies race to develop vaccines and drug therapies that could help end the COVID-19 pandemic, news reports on successful or failed trials affect individual stock prices and can trigger wide swings in the broader market. You should think twice before making investment decisions driven by hopes and fears.
Do you find yourself glued to daily market movements? Before making any decisions, be sure you understand how this data relates—or not—to your individual portfolio. If you have a well-diversified portfolio that includes multiple asset classes, be sure to compare its performance to relevant benchmarks, not daily news cycles.
In January, 69% of workers expressed confidence in their ability to live comfortably during retirement, compared with 67% in 2019. In late March, the percentage dropped slightly to 63%. A closer look reveals vastly different perceptions about future retirement success among those who either had experienced or expected a negative change in their employment status.
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