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Motley Fool Answers

March On Mailbag

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 31 March 2020

⏱️ 52 minutes

🧾️ Download transcript

Summary

We're social distancing but still dispensing answers to your questions about investing and keeping your financial goals on track amidst record volatility.
 

Transcript

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0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,

0:08.4

personal finance expert here at the Motley Fool. I've said Robert before. Oh, well.

0:12.6

That's all right.

0:13.4

People are I remember.

0:14.4

So it's the March Mailbag. And with the help of Motley Fool analyst Jason Moser, we're going

0:17.8

to answer all your questions about the current markets. What's in J- Moes' bucket? All that kind of good stuff. All that and more on this week's

0:25.5

episode of Motleyful Answers. Well, before we get to the mailbag, why don't we chat a little bit

0:31.7

about the week and then I can get your thoughts. Does that sound good, Jason and Bro? Sounds like a plan. All right. Well, the big news this morning, and by the way, this

0:39.5

morning is Friday, is that the U.S. has surpassed China in the number of confirmed

0:44.1

confirmed coronavirus cases. I think we are at about 85,000. Does that sound about right?

0:49.5

We're into the 90,000s now. Oh, wow. Okay. So that's my research from this morning. So things are ticking up

0:57.2

pretty fast. The New York Times estimates that at least 160 million people nationwide have been ordered

1:02.8

to stay home. And when it comes to the stock market, well, it kept ticking up this last week,

1:08.6

pinned on the hopes of the stimulus bill.

1:17.6

Then news came on Thursday that 3.3 million people had filed for jobless claims, which is roughly about a bajillion percent more than the previous work week ever, worst week ever, of about

1:24.3

695,000 claims.

1:26.1

That was back in 1982.

1:30.9

So again, now it's Friday. And I believe the stimulus bill is still plugging along. Is that right, bro? Yes. The House has passed it and the

1:36.5

president will sign it. So by the time you are listening to this episode, it will be law.

1:41.5

All right. And at this exact moment on a Friday, a random Friday afternoon, the market is down about 2%.

1:48.8

Is that right, J-Mo?

1:50.1

Yeah, I think 2.3% last we looked.

...

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