Making Cents: The Black Swan Flies Again

According to Wikipedia, “The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.”Covid-19 is a Black Swan event. Like the Black Swan events that have come before this one, we will get through it. When, however, is anyone’s guess. Based on this unknown, here are a few ideas that may help you survive this event without sending yourself into a deep depression.
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Making the most from a market downturn

No one enjoys headlines that make you shiver, except for the broadcast networks themselves. Recent market declines are based on the fear of the unknown, which translates to everyone’s own interpretation of the financial consequences of the economic slowdown due to the coronavirus. Thinking we may be in store for a prolonged decline may be overblown, but they feel pretty darn real in the short term as you are watching the values of your portfolio decline.
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