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Jill on Money with Jill Schlesinger

Coronavirus: Managed vs Non-Managed

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 23 April 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

Pandemic or no pandemic, April is usually a good time to take a look at your finances and determine if any adjustments need to be made, and that includes the pros and cons of using a managed account. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Coronavirus Market Update.

0:05.0

We are recording this at 409 Eastern Time on Wednesday.

0:12.0

It is the 22nd of April. It's Earth Day as we record it. Hey Mark, you know what I just did?

0:18.0

Just walked up and down my block and picked up garbage because I felt like it was the only thing I could do for Earth Day. How about that?

0:25.0

Okay, so if you have a financial question, we are here to help you out. Our email is

0:31.5

Ask Jill at Jill on Money.com. I think the big news of the day is what was expected,

0:40.4

essentially, that we had the Senate vote for that replenishing of the small

0:48.4

business administration loan programs. The PPP, they had 310 billion dollars that is put into that plan. Of that

1:00.3

60 billion is going to be available for smaller lenders and half of which is for

1:06.4

those with less than 10 billion dollars and obviously that's going to help another

1:10.6

60 billion dollars for the disaster loan program.

1:15.0

I mean, look, this is going to run out just as quickly.

1:18.0

I bet this runs out even in less than 12 days.

1:22.0

But according to the Treasury Secretary Manuchin,

1:26.9

he said that sure the debt may be important,

1:29.9

but they're going to spend what they need to spend.

1:31.8

Which just lets you know that just like

1:34.4

there are no atheists in foxholes, there are no deficit hawks amid great horrible

1:40.0

recessions. Mark my words, no one's going to worry about the debt and the deficit and then

1:45.1

they are and they're probably going to be stupid for worrying about it. So don't worry

1:49.0

about it. All right? Good. Okay, Roger is our first emailer and if you've got an email question just send it to

1:57.7

Ask Jill at Jill on Money.com. He says I have around 600,000 and then he writes in parentheses or used to in a managed account

...

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