Investors, I’ll try to keep you updated as I go into the ED tomorrow. South Dakota is preparing to activate its volunteer medical system and I’m signed up to help out. It’s now officially a Pandemic.
Two states have closed K-12 schools. South Dakota’s Board of Regents has ‘extended spring break’ which is really a closure but not by name. I predict our K-12 will be closed on Monday. Keep in mind I don’t make the decisions, though.
The Dow Jones Industrial Average closed down 2.3k today to 21,200.62, it’s a loss of 3k in a week. The FTSE NAREIT All REITS index lost 10% to close at 182.83. The government bonds in Germany have a held steady (10Y -0.744%). My wife asked me if I would like to put any of our Line of Credit money into stocks. Absolutely not. There will be a bottom and a lucky few will find it at the right time to make a lot of money. An unlucky bunch will get in too early. Better is to put that money into a tangible asset. Like real estate. Be wary; banks may start tightening up but I haven’t see evidence of this yet. More Doom and Gloom.
I’m volunteering, but I’d rather that you just avoided large groups. If you want to help, consider donating to the Center for Disaster Philanthropy COVID-19 Response Fund. Let me know in the comments if you do. I’d like to thank you.
To say it again, much of what is happening is due to panic. Just remember that the Earth is home to 7,530,000,000 people. Only 5,000 have died from coronavirus. There certainly will be more. And then it will be over. Stay healthy, friends.