Life would never be the same. Banks weren’t too big to fail, and so nearly half of them had disappeared. “Bank runs” became the norm. Countries stopped trading. The market dropped 89%. One in every four households was without a breadwinner. Farmers abandoned their fields amid mass migration. Mulligan stew, complete with sawdust and lint, was often on the menu. Fresh off the excess of the Roaring 20’s, frugality infected an entire generation. For all these reasons, many thought the American Dream would forever be shattered. Life would never be the same. That was 1932. It was the first …
What the CARES Act Means to Your Investments
And who gets the $1200 Passed Friday, the CARES Act is making headlines for the check (or direct deposit, if the IRS has your banking info) many will receive soon. There are a few other details that may affect your investments, in a good way. Here’s what you need to know: Relief checks: Individuals with adjusted gross incomes up to $75,000 a year will be eligible for the full $1,200 check. For every $100 earned over $75,000, the check will be reduced by $5. That means that at $99,000 and over, you get nothing. Double these numbers for married …