• Nate Baim, MBA, CFP®

Staying Calm in the Storm


Enjoy this week's edition of the Planner's Beta


Beta (n) - climber's jargon that designates information about a climb This digest's purpose is to share observations, ideas, and treasures found this week which you may also find insightful. Sharing does not mean it's an endorsement. I am endorsing the pursuit of knowledge and exploration.





Something about Investing

Many investors fail to achieve financial success when they allow their emotions to impact financial decision-making. Over the last few weeks, we've experienced some significant ups and downs in the US stock market. How should you react when markets become volatile? Successful investors manage to stay calm. To check your investor related composure, click here.


Something Fun

Stressed? This Study Says You Simply Need a 20-Minute 'Nature Pill' (Good News Network) - A study from the University of Michigan found that 20-30 minutes outside can reduce cortisol (a hormone linked to stress). We've been taking neighborhood walks to get out and they sure have been helpful. We are anxious about when the forests and trails open up so we can get a proper dosage of nature.

Something about Economics

Why The Oil Markets Are Imploding (Forbes) - We are receiving a crude lesson (ha, crude, as in crude oil, ha, sorry). When supply outstrips demand, prices are very likely to fall. Many oil-producing nations were slow to cut production, and with much of the world spending less time traveling, and factories shuttered, the demand for petroleum plummeted. This situation means there is a lot more oil available than anyone wants. And if nobody wants to pay $10 a barrel for it, maybe sellers can find someone who is will to pay $5 for the petroleum. What is unprecedented about the current situation is market participants are willing to pay other people for taking delivery of the oil (negative oil prices). In essence, the cost of storing oil is so much that it makes sense to take a loss and pay someone else to take the oil.


 

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