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Today's Key Question:
The pandemic could get people a little trigger-happy with lawsuits, including the government. Are you concerned about protecting your assets against such a move? See the article below from Wealth Advisor for some tips.
"Why Is the Stock Market Rising in the Middle of a Severe Recession?"
* The answer is simpler than it may seem. Markets, first and foremost, are forward-looking vehicles. They focus on the future, not the present or the past. And when markets peer out around the corner, we believe they see three things in particular that spell better days ahead for equities.
"How the Crisis is Changing Consumer Behavior, and How Entrepreneurs Can Act on It"
* Some changes in consumer behavior during the current crisis are fairly obvious. For instance, more people had to switch to working from home. Companies with digital tools and platforms aimed at remote workers suddenly found themselves experiencing greater success — and Zoom completely surpassed earnings expectations.
"The Coronavirus Lockdowns are Over...And These Studies Really Deliver a Death Blow"
* That finding casts major doubt on the value of lockdowns and even social distancing as a method of reducing the spread of Covid-19. While we can’t yet estimate a specific figure, the economic cost of social distancing and lockdowns will likely be more than $1 trillion.
Rather than validating draconian lockdown orders, the latest economic research on Covid-19 suggests that social-distancing efforts in general, and shelter-in-place measures in particular, have done more harm than good. That doesn’t mean that all such measures should be abandoned. “To socially distance or not to socially distance” is not the question. The question should be, what policies actually make sense?
To address that, a team of economists from the Massachusetts Institute of Technology recently published the results of a study that compared various alternative strategies for limiting the spread of Covid-19. They concluded that twice as many lives could be saved if governments focused limited resources on protecting the most vulnerable people rather than squandering them on those who seem to face almost no risk, such as children.
"Three Estate Planning Techniques That Protect Your Assets From Creditors"
From Wealth Advisor:
* Estate planning is not just about saving taxes, it is also about managing and protecting your assets against future creditors, both for you and for your beneficiaries. Economic turmoil is quickly followed by a rise of litigation, not only by individuals seeking to recover some of their losses, but also by governments seeking to claw back the profits made, unfairly, during the crisis. Not only that, but if you receive funds from a person or business that files for bankruptcy, some or all of what you have been paid can be drawn back into the bankruptcy court.
Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here