Our goal is to keep you informed on the investment landscape as our world faces a global pandemic.

LATEST COMMENTARY

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FEATURED QUESTIONS

Yes, IRON Financial will remain open.

Illinois Executive Order 2020-10 requires all Illinoisans to stay in their homes to prevent the further spread of COVID-19. However, the order also classifies IRON Financial as an essential business. We will continue to operate and respond to your inquiries with our fullest abilities.

The reality is that investors will see unrealized losses in their accounts that many haven’t seen for at least a decade. With that said, it is important to remember the big picture.

Here are 5 things to consider before you review your statement:

  1. Revisit your long-term goals.
  2. Stay calm.
  3. Utilize your toolkit (diversification and rebalancing).
  4. Look to history.
  5. Keep investing.

Keep reading

We continue to monitor all the same metrics for each fund and security that we recommend.

As you can imagine, prices are moving irrationally. Therefore, we are only making changes to portfolios where we can get a fair, liquid price.

Stock prices and bond ratings start with the ability to make a future projection on a company’s earnings. In the current environment of “social distancing,” the ability to project future earnings becomes impaired.

This impairment of future projections breeds wild speculation as to where a company should be priced, and the ability of a company to pay its bills.

Two things. Virus containment and fiscal and monetary stimulus.

We believe both issues have begun to move in the right direction. The federal government is now taking the virus seriously. We are now seeing doctors and scientists in front of the media, and their recommendations being implemented.

(Response as of 5/8/20) The timetable for reopening the U.S. economy hinges on many essential milestones such as increased testing, contact tracing, breakthroughs on treatment, and a vaccine. Major economies are not well prepared to reopen and handle the potential of a second wave.

The government’s quick monetary policies have been beneficial so far. But many risks remain. For instance, the current fiscal stimulus does not adequately address the need, and new waves of COVID-19 can easily overwhelm fiscal support. But if the economy recovers in the second half of the year, the unprecedented levels of fiscal stimulus can structurally shift to inflation from deflation.

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