Planning for death is not a light topic, nor is it one that many of us care to discuss unless we experience events that jar us into action. For example, it is common to buy life insurance upon the birth of a child or create a will upon the death of someone close to us. But there are many other considerations that we should regularly take into account, and today is a Great Friday to take a look at our own plans.
Don't Just Do Something!
While the majority of people I have spoken to in the past couple of weeks have stuck to their plans and shown discipline in the face of very scary stock market volatility, some have asked or even demanded that we just do something. Something like sell their investments until we can see that the worst is over.
Coronavirus Correction, Now What?
About a month ago, I attempted to answer if “Should You Worry About Coronavirus?”
In the article, I suggested that things will likely get worse before they get better, if past similar scares were any guide. Looks like that was a good guess.
Now a month later, the shelves are empty, the Robert Earl Keen show I was planning to see is cancelled, and the world has seemingly come to a halt as coronavirus has spread. The uncertainty being felt around the globe is concerning on a personal level as well as from the perspective of how markets react. Now what?