We’ve all just gone through one of the most tumultuous weeks in recent American history – not just for the financial markets, but for how we live our everyday lives. So we’re releasing this podcast episode a little earlier than usual so that you can get our latest take on the coronavirus situation and the broader economic picture.
First and foremost, we hope everyone in our audience and all the clients and friends of Keen Wealth are doing well under these extraordinary circumstances. Nothing is more important right now than your health and safety. We also hope you’re finding some creative ways to keep in contact with your loved ones and putting a soft cap on how much news you’re consuming during the day. If you need some tips on staying connected with friends and family, we share some fun ideas at the top of this episode.
As for the market situation, our country has been through many economic dislocations in the past, and it has never paid to bet against the resilience of the United States. Our economy was in a recession and attempting to recover from the tech bubble and Y2K when we experienced the unprecedented events of 9/11 only to be followed by the scandal and bankruptcy of Enron and Worldcom and Arthur Anderson’s demise. It seemed then that the world as we knew it was over. And yes, many things changed after those events. But, we recovered and prospered.
Unlike the events of 2000-2002, our economy was firing on all cylinders as we entered into the new world of coronavirus. Our government is providing tremendous fiscal and monetary support and we are coming together as a country on all fronts in both the public and private sectors. We remain steadfast that as details continue to play out and information and containment occur we will recover normalcy to not only the financial markets but to our daily lives.
In the weeks ahead, we will get a clearer picture of how controlling the coronavirus health crisis is progressing. A little clarity will go a long way towards settling our economic outlooks for the rest of the year. We will recover and prosper once again. We know these are nervous times. Please don’t hesitate to call or email us if you have any questions.
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Bill Keen is a CHARTERED RETIREMENT PLANNING COUNSELOR℠ and independent financial advisor with more than 25 years of industry experience. As the founder and CEO of Keen Wealth Advisors, a registered investment advisory firm, he specializes in providing personalized retirement planning designed to help people thrive before and during their retirement years. With a passion for educating others, Bill regularly blogs about retirement planning, hosts the podcast Keen on Retirement, and has contributed to U.S. News and World Report, Reuters, Wall Street Journal’s Market Watch, Yahoo Finance, and other publications. Based in Overland Park, Kansas, Bill and his team work with clients throughout the greater Kansas City area and across the nation. To learn more, connect with him on LinkedIn or visit www.keenwealthadvisors.com.
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