Daily Archive: March 9, 2020

Markets are fearful and history tells us that means the time to buy is right now

Knowing what to do in the middle of a highly stressful and uncertain time is very difficult for investors. You have experts on TV telling you to horde cash, while others say today is the best day to buy. They all believe what they are saying, and everyone is really left to guess.

At our firm there are two things that guide us at times like this:

1. Have the right asset mix for you, and stick with it. Market changes should not meaningfully change your asset mix. Your asset mix should change mostly when your personal situation changes. Things like retirement, major purchases, divorce, or significant health changes — all of these might be times for a change to your asset mix.

This work on the correct asset mix insulates those with the least tolerance for losses from some of the damage when things go bad. For those

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Asian Stocks Plummet Amid Oil Price War By Investing.com

© Reuters.

By Alex Ho

Investing.com – Asian stock markets traded sharply lower on Monday morning as oil prices slumped following reports that OPEC failed to reach a deal with its allies on production cuts.

Japan’s slid 5.5% on 10:15 PM ET (02:15 GMT) after data showed the country’s GDP shrank at an annualized pace of 7.1%, which was faster than expected. Prime Minister Shinzo Abe is due to detail new emergency measures on Tuesday.

China’s and the SZSE Component fell 2.5% and 2.4% respectively.

Hong Kong’s slumped 3.4%.

South Korea’s lost 3.8%.

Down under, Australia’s plunged 5.6%.

Oil prices plunged about 25% after Saudi Arabia announced massive discounts on Saturday to its official selling prices for April. The kingdom will reportedly up its production level above the 10 million barrel per day.

It was reported that talks between OPEC and its allies broke down on Friday in Vienna. The

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New tech startups challenge AmEx in the niche corporate card market

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