Football is back, which means Summer is coming to a close, days will get shorter, and sweaters will soon be in play.
This year, there was no pre-season, so professional football started in September, which coincidentally, is a perennial month for stock market volatility.1
Football follows Major League Baseball, the National Basketball Association, and the National Hockey League, in which each organization started seasons (some abbreviated) in the past few months. Some colleges are playing fall sports, while others have postponed a part of their seasons.
This year, September is helping its reputation as a volatile month. After closing at a record high on September 2, the Standard & Poor’s 500 stock index fell sharply over the next three sessions. Concerns about COVID-19, Congress taking its time with further economic stimulus, and the upcoming elections seemed to unnerve investors.1,2,3
Most pro football stadiums are open to players and staff, but fans can expect to watch the games at home for much of the season. While games won’t be held inside a “bubble,” as with the NBA and NHL, NFL teams have changed travel and lodging protocols to distance or isolate players as much as possible, up to hiring two planes for each traveling team.4
The point is that you have to be aware of what’s happening and make informed decisions.
So while your financial professional might not have any tips for your fantasy football team, they may be able to provide some guidance about how to stay focused on investment goals despite some short-term volatility.
If you have been following our Epic Market Minutes on Youtube, you will have seen that Managing Director Ed Doughty touched base on the increased volatility we will be seeing to come and how we may in for a roller coaster ride this fall. For any questions or feedback, please reach out to a dedicated financial professional at Epic Capital today.
Applications for the Free Application for Federal Student Aid (FAFSA) are now open for the academic year 2021-22. Applying for the FAFSA allows you to qualify for grants, scholarships, and other federally-sourced aid, such as work-study or student loans. The applications opened on October 1, 2020, and will be accepted until the deadline, June 30, … Continue reading “FAFSA Applications Open”
America’s debt is now nearly as large as its economy. On September 2, the Congressional Budget Office announced that by the end of the 2020 fiscal year (September 30), the federal government is projected to owe debt equaling 98% of the nation’s gross domestic product.
It should come as no surprise to hear the economy is the top issue for voters in the 2020 election. Nearly 8 in ten voters say that the economy will be very important to them when they cast their votes at the ballot box in just over two weeks.
When training to become a CERTIFIED FINANCIAL PLANNER®, much of our course work centers on the six critical areas of creating a financial strategy. Some recognize October as Financial Planning Month, so it’s an excellent opportunity to review those six personal finance areas.
With one year ending and a new one on the cusp of starting, many people will consider their resolutions—not their estate planning strategy. But the end of the year is a great time to sit down and review your preparations, especially when you’re spending more time with your loved ones; even more important if you … Continue reading “Estate Planning Strategies for Year-End”
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