Atlanta Financial Newsroom
COVID-19 has impacted nearly every aspect of the economy. When President Donald Trump declared the virus a national emergency at the beginning of March, standards of living rapidly shifted: governors enacted stay-at-home orders, learning institutions closed and consumers suddenly faced unprecedented challenges.1 While the travel and tourism industry is seeing record lows, demand for staple foods and hygiene products has surged.
When financial markets fall and the economy stumbles, the phrase “this time it’s different” is commonly heard. This is a natural reaction as the strongest emotions tend to arise at the onset of a downturn when uncertainty is greatest. But if history has taught us anything, it’s that the most practical strategies to implement in any downturn are fundamentally the same each time regardless of market and economic events.
The COVID-19 pandemic might be unlike anything we have seen before, but the uncertainty is nothing new to a financial market that has remained strong and impervious over time. At times like this, looking at history and incorporating its lessons is always a prudent strategy.
Resiliency is one of the characteristics I most admire in others, and that I have always tried to foster in my children and live out in my own life. And we certainly have an opportunity in these unusual times to practice it on almost a daily basis. One of my favorite quotes on the subject speaks to the personal growth that can come from difficult times: “On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin.” — Gregory S. Williams I am sure many of you have developed ways to cope and even thrive over the last few weeks as you have adjusted to the “new normal” that comes with quarantine and social distancing. But I wanted to take this opportunity to share some of the best resources we have found to help us all emerge on the “other side of the storm” stronger than we began.
As most everyone can attest, things are different right now! Dining out hasn’t been an option until recently, seeing a movie in a theater seems risky, and going to the gym seems wrought with potential coronavirus exposure. For those of us who enjoy exercising, we’ve had to change our routines to adhere to “stay at home” orders and social/physical distancing. We’ve needed unique ways to maintain our exercise regimen. Thankfully, there are great alternatives to a public gym and I’d like to share a few of those options with you. The first exercise alternative is an “old-school” option that is tried and true!
The ongoing COVID-19 pandemic has caused significant changes to everyday life as we know it. One of the most prominent change is the push for employees to work from home (WFH) rather than continue to operate out of shared spaces. For many young professionals, working from home – at least part time – is nothing new. I’ve talked with several friends who have transitioned from working at home two to three days per week to full-time, and even more who were already 100% WFH. But for the rest of us who are venturing into a work from home routine for the first time, it’s important to take steps to maintain both our health and sanity. Here are four steps I’ve found helpful in combating some of the common pitfalls of WFH…
The past couple of months have been a tumultuous ride for investors. In mid-February, the Dow Jones Industrial Average (DJIA) reached its peak. Soon after, the markets were engulfed by extreme volatility, generating record single day losses and ending the long-running bull market in early March; yet, recently, there has been a partial recovery in the markets. While ups and downs in the markets are normal, research has shown that the actual sequence of those market returns (the order in which they are going up or down) within the first five years of starting withdrawals from your retirement assets can have a significant impact on your long-term retirement income.
Hear How Atlanta Financial Makes Life’s Journey Richer
WATCH AFA TV