Author Topic: The Covid 19 Impact on Family Finance?  (Read 5915 times)

SteveGood

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The Covid 19 Impact on Family Finance?
« on: March 16, 2020, 12:03:45 AM »
Hi,


The COVID 19 is impact on the world economy and family finance? It's seriously impact the Europe countries and USA. What is your thought about this issue?

Sam

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Re: The Covid 19 Impact on Family Finance?
« Reply #1 on: March 16, 2020, 07:43:35 PM »
Thoughts are families will enter the most difficult next 3-6 months since 2008-2009. Taking care of kids, working, and losing money is brutal.

But if parents can survive for the next six months, I am optimistic everything will be fine and things will rebound.
Regards,

Sam

RealWealthManagement

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Re: The Covid 19 Impact on Family Finance?
« Reply #2 on: March 20, 2020, 07:24:52 AM »
https://www.politico.com/states/california/story/2020/03/19/newsom-orders-all-40m-californians-to-stay-home-in-nations-strictest-state-lockdown-1268248

California announced a lock down as of yesterday for all non-essential businesses. the unemployment rate reached 7% in 1993, 5% in the recession of 2000-2002, 10% in 2011, and my guess is that the unemployment will surpass the 2011 level this time around. This is starting to look more and more like 1929, not 2000 - 2002 or 2007 - 2009.

I am curious to know how Covid 19 is impacting the physical real estate rentals holdings vs the Crowdfunding investments? Just like bonds, I think you want to hold the "AAA" class physical real estate to survive this as many tenants will lose their jobs through this. How has the Crowdfunding investments been so far? Has it been stable? On the securities side, the big name REITS like O, NLY, and AGNC has been beaten down big time. I would love to hear others opinions as well. Following.
« Last Edit: March 20, 2020, 07:29:35 AM by RealWealthManagement »

SteveGood

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Re: The Covid 19 Impact on Family Finance?
« Reply #3 on: March 20, 2020, 11:50:39 PM »
https://www.politico.com/states/california/story/2020/03/19/newsom-orders-all-40m-californians-to-stay-home-in-nations-strictest-state-lockdown-1268248

California announced a lock down as of yesterday for all non-essential businesses. the unemployment rate reached 7% in 1993, 5% in the recession of 2000-2002, 10% in 2011, and my guess is that the unemployment will surpass the 2011 level this time around. This is starting to look more and more like 1929, not 2000 - 2002 or 2007 - 2009.

I am curious to know how Covid 19 is impacting the physical real estate rentals holdings vs the Crowdfunding investments? Just like bonds, I think you want to hold the "AAA" class physical real estate to survive this as many tenants will lose their jobs through this. How has the Crowdfunding investments been so far? Has it been stable? On the securities side, the big name REITS like O, NLY, and AGNC has been beaten down big time. I would love to hear others opinions as well. Following.





I think most of the developing and developed countries small business owners lost their business