The third quarter of 2020 marked another impressive quarter of returns for most asset classes after the severe pullback we experienced during Q1. Even with these positive returns, however, the common trend with most asset classes being negative for the year remains.
In the opening weeks of 2020, investors had very few hints of the daunting events to come in this most unusual year. The U.S. economy was humming along nicely. Unemployment levels declined to 50-year lows and the stock market hit record new highs almost like clockwork.
That was then. This is now.
The Coronavirus is a global pandemic that has affected us all. In these unprecedented times our wish and first concern is that our families, friends, neighbors, clients, and colleagues are able to stay safe and healthy while the world learns to handle and move beyond this deadly virus.
Retirement can sneak up on you.
If you’re in your 20s, rejoice! You’re in a great position to create the life you want, starting with financial independence. While it’s common to feel overwhelmed when entering the workforce full time, there are a lot of things you can do fresh out of college that will help you attain your professional and financial goals earlier than you may expect.