Published Oct 9, 2020

Friday Flight - Socially Responsible Investing, Bad Credit Cards, & Finding (literal) Diamonds #264

Matt Altmix and Joel Larsgaard explore the excitement of finding diamonds at Crater of Diamonds State Park, discuss the latest stimulus bill standstill, reflect on COVID-19's lasting social impact, and delve into the rising trend and benefits of sustainable investing with Lindsey Bell.
Episode Highlights
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Episode Highlights

  • Stimulus Bill

    The optimism surrounding a new stimulus deal is currently on hold, with political disagreements stalling progress. and express frustration over the political back-and-forth, highlighting the urgent need for financial support for small businesses and individuals. The initial stimulus checks and PPP money had a significant positive impact, and there's a growing need for similar measures again 1.

    It's like stimulus Bill Whiplash because, I mean, we're going back and forth as far as like, oh, it seems like, it seems like it's going to happen. Oh, it's not actually going to happen.

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    The hosts promise to keep listeners updated on any real news and its effects on personal finances.

       

    Election Impact

    Elections undoubtedly have consequences, but their impact on investments is often overstated. and reference a Vanguard analysis showing that market returns are typically higher in election years, with less volatility around the election period. They advise listeners to continue their usual investment strategies without being swayed by election-related headlines 2.

    Bottom line, what we get from that is to keep investing as usual, don't let the headlines sway you.

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    Additionally, there's an extension until November 21 to claim the first stimulus check for non-filers, providing some relief for those who missed the initial deadline.