Written By: Kaitlyn Duchien
We know what you’re probably thinking. “Great. ANOTHER PSA about COVID-19. Just what I wanted to see.” We get it. At Face The Fear, we battled whether or not we should add another voice to the already overwhelming media noise bombarding you from every angle. But, we also felt it would be insensitive to go silent on an issue that is seriously impacting the lives of our audience on a physical, mental, emotional, and financial scale. So – if you’re sick of hearing more about COVID-19 – you have permission to close out of this article and move on with the rest of your day (no hard feelings). But – if you’re feeling anxious, overwhelmed, frustrated, or scared about everything happening in the world – stay here, friend. Let’s talk about it openly and share some ideas for how to take care of your body, mind, and wallet.
Unless you’ve been living in complete isolation (oh wait – that’s what you’re supposed to be doing), you already know about what COVID-19 is, how to detect the symptoms, and what preventative measures you can take to keep yourself (and others) safe. In case you need a refresher, you can find all of the most current and factual information from the CDC here. Also, just a friendly reminder, we are all humans and must work as a collective unit to overcome an issue like this on a global scale. That means thinking about the wellbeing of others before yourself. If you have a strong, healthy immune system, take a moment to be grateful for that blessing! But, also acknowledge that this blessing comes with responsibility. While your body might have a supercharged defense system capable of attacking and defeating the virus, others are not so lucky and depend on you to help them stay healthy. Don’t take your health for granted. Show some love for others by washing your hands, cleaning your space, and maybe leaving behind a package of toilet paper for your neighbor?
If today’s news is making you feel like you’ve somehow landed on set of the next zombie apocalypse movie, you’re not alone. Words like “pandemic” and “quarantine” are scary, especially when the last time you heard them was while binge-watching The Walking Dead (no judgement – we’ve been there). Everyone processes information differently, and some may experience higher levels of mental and emotional stress than others. There is no right or wrong way to feel in response to the media messages you are receiving. However, chances are, you’ve experienced a negative impact on your lifestyle to some degree as a result of recent world events. With that said, it is just as important to take care of your emotional health as your physical health. Case in point: research has emerged revealing a correlation between negative emotional responses and lowered immunity. So, let’s take care of our mind and emotions so our body can take care of itself. Here are a few ways to give your mind and soul some TLC (all in the comfort of your own home):
- Find a few new healthy recipes you’d like to try and get cooking! If you’re wanting to avoid the grocery store, try out a meal kit or grocery delivery service. I just received my first box from Imperfect Foods, a company that delivers high quality food deemed “not pretty enough” to be sold in most grocery stores. We received a week’s worth of groceries (including fresh fruits, veggies, meats, and fancy cheeses) all for $52. (P.S. Face The Fear is not sponsored by any food delivery service. We just genuinely like the companies linked above).
- Plan a Facetime date with friends or family! Is there a friend or relative you haven’t chatted with in a while? Now is the perfect opportunity to catch up. Check in on loved ones, share your thoughts and feelings about current world events, and strengthen your support system. You can even get creative by watching a movie, playing a board game you both have at home, or sharing a meal “together” – all over video chat. Technology is a beautiful thing.
- Have you been avoiding the gym because of all the people who never wipe down their machines after use? (You know who you are). Or maybe you’ve been wanting to save some money on a gym membership by starting an at-home workout routine? Here’s your motivation! Physical exercise will not only keep your immune system at the top of it’s game, but it will also provide your brain the endorphins it needs to combat stress. YouTube has millions of free at-home workout videos – from yoga, to strength training, to dance, to Jazzercize. Time to get your Jane Fonda on.
- Unplug. Seriously. Turn off your phone, computer, and TV for an hour. Give your brain a break from the information overload that can so easily lead to emotional exhaustion. While it is important to stay informed about world events, too much information (especially inaccurate information) can be harmful to your overall wellbeing. Instead, use that hour to read a book, watch a movie, start a new project – anything that will completely remove you from the current media madness.
- If stress is severely impacting your ability to perform normal daily activities (such as eating, sleeping, and working), please reach out to a health care professional or contact the Substance Abuse and Mental Health Services administration at 800-985-5990.
- We’d love to hear your creative ideas for how to take care of your emotional health at home. Share them in the comments below.
Along with all of the media coverage about COVID-19, you’ve probably heard that the stock market had a rough week last week. The S&P 500 dropped 20% from its recent peak, an official signal of a bear market. This is due to the uncertainty that comes with how COVID-19 will affect labor, supply chain, travel, safety, and multiple industries at large (think: cruise lines and hospitality). With the market on a roller-coaster ride, it can be easy to panic and want to pull any invested funds out of the market (such as money in your 401k or IRA). However, a correction is a natural part of the market cycle and actually provides a lot of potential benefits for long-term investors. If you’re reading this, there’s a good chance you’re a Millennial (or Gen Z) who’s got 40-50+ years until retirement. This means you have 40-50+ years to ride the market roller coaster and eventually retire with a significant return on your initial investment (averaging around a 10% annual return, looking back over the last 30 years. P.S. Past performance does not guarantee future results).
Side note: you might also be hearing that, currently, the stock market is “cheap,” meaning you can buy more stocks with less money. So, as a Millennial, this may be an excellent opportunity to think of increasing the percentage of your 401k or IRA contribution, or opening an investment account for the first time. Ultimately, if you buy into the market when prices are low, you’ll get more bang for your buck (one facet of dollar-cost averaging). Think about it this way: you have $100 to spend on toilet paper. Each roll costs $10, so you can buy 10 rolls. What happens when Walmart has a 50% off sale on toilet paper? Now, each roll only costs $5 and you can buy 20 rolls! (PSA: just because you can buy 20 rolls does not necessarily mean you should). Stocks function in a similar way. When the price of a stock decreases, you can buy more of them with the same amount of money and increase your potential for earnings if you’re willing to hold those stocks over a long period of time. (As always, when it comes to investing, make sure you work with a financial professional to help you achieve your specific financial goals).
For current information about COVID-19: please visit the CDC’s website here.
Got questions? Email us at email@example.com.
Don’t forget to leave a comment sharing how you’ve been taking care of yourself mentally, physically, and emotionally!
And remember: WASH YOUR HANDS (not just during a pandemic). Society (and your mother) thanks you.
You may (or may not) have heard that the Dow Jones has been dropping it like it’s hot lately, dipping 1,150 points just last week. World events and uncertain economic conditions can result in market volatility — when the stock market changes moods faster than your teenage sister. But, what exactly is the Dow Jones? And why has it been making major money moves recently?
The Dow Jones Industrial Average (DJIA) is a stock market index that includes 30 large, U.S. publicly-traded companies and acts as a thermometer, testing the overall health of the U.S. marketplace. Sounds a lot like the S&P 500 index, right?
Here are several key differences between the S&P 500 and the DJIA:
S&P 500 Dow Jones (DJIA) Founded in 1957 Founded in 1896 500 of the largest U.S.-based publicly-traded companies across all industries 30 of the largest U.S.-based publicly-traded companies across all industries (originated with just 12 companies solely in the industrial sector) Companies selected by S&P Committee (owned by McGraw Hill Financial) Companies selected by Dow Jones & Co. Averages Committee Companies selected based upon specific qualification criteria No defined criteria for how a company is selected — generally, must be a large leader in their industry Stocks within the index are weighted by market capitalization (market cap = # of outstanding shares x market price) Stocks within the index are price-weighted (the higher the stock’s market price, the more influence it will have on the index’s performance) Often considered the “single best indicator” of stock market performance, because of its broad and diverse collection of companies across all industries Most well-known stock market index. But, because if its exclusivity (only represents 30 of over 3,000 US public companies), it is more an indicator of blue-chip stocks than the market overall
OK, now that we’ve got a grasp on what the Dow Jones Index is, let’s talk about why it’s been dropping faster than your bank account after a trip to Target.
The stock market can be affected by many factors, such as political changes, natural disasters, inflation, interest and exchange rates, and unexpected world events — just to name a few. Most recently, when the Dow Jones stumbled and fell by 4 percent in early October, it was likely due to sipping a cocktail of rising Treasury yields, the increased Federal Funds rate, and the China-U.S. trade war. Just like how you get a little wobbly after drinking one too many cocktails, the stock market also gets shaky (see: volatile) when too many uncertain events are mixed together at the same time. The stock market: it’s just like us.
But, not to fear. Similarly to how you will drink lots of water, take an Advil, and eat greasy food to bounce back after a night out, the stock market bounces back, too. Usually, the severity of the market fall will determine how long it will take to rebound. Small corrections can be overcome in just a few days, whereas a full-blown financial crisis may take years to recover from (think: the 2008 Great Recession).
To recap: the Dow Jones is the most well-known market index, comprised of only 30 companies across various industries, and is used to evaluate general trends in the stock market. Recently, the Dow Jones took a big tumble due to a woozy cocktail of world events and interest rate changes. But, don’t worry. Analysts remind us that the market often panics over everything and can sometimes be a bit overdramatic…#Relatable. So, for now, be prepared to ride the roller coaster of market volatility, because over the long-term, the market always trends upward. Ask Warren Buffett.
Congratulations! You now know what the Dow Jones is and why it’s been in the headlines lately. But, this article was not meant to be an in-depth analysis of the Dow Jones (because ain’t nobody got time for dat). If you’d like to dig in a little deeper to the topics covered above, feel free to click on any of the hyperlinks (including that one) to become a Dow Jones expert. You’re welcome.
Written By: Kaitlyn Duchien (@ktaylor1395)
Contact Us: firstname.lastname@example.org
Standard and Poor: Is this the title of my autobiography? Or a stock market index? Honestly, both.
The Standard & Poor’s (S&P) 500 is a stock market index consisting of 500 of the largest publicly-traded U.S. companies, measured by market capitalization. In other words, the S&P 500 is a exclusive group of 500 hot-shot companies that–as a whole–provide a glimpse at how the U.S. economy is doing overall.
In order to enter the exclusive S&P 500 club, companies need to meet some pretty intense qualifications. Just to name a few, the company must have:
- Headquarters in the United States
- A market cap of $5.3 billion or more (market cap = $ of shares x # of shares outstanding)
- Positive earnings in the last 4 most recent quarters
- Actively trading at a reasonable price, with the majority of its shares held by investors (instead of sitting on a shelf waiting to be sold)
But, even after meeting all of these requirements (and then some), a company is still not guaranteed to be included in the S&P 500 index. Think of the S&P 500 like Regina George and The Plastics — they’re rich, famous, and everybody wants to be in their group.
OK, so now that you know what the S&P 500 is, why does it matter to you? Well, think of it this way. When you go on Amazon to buy literally anything, the first thing you do is check the reviews on the product to make sure it’s a reasonable investment, right? You want to poll the masses to see what the general public has to say first, preventing you from spending your hard-earned money on a sketchy product that takes six months to be delivered and, when it arrives, might not even be “as pictured.” Overall, the more five-star reviews the product has, the better.
The S&P 500 is similar in the sense that it provides the public a simple gauge to understand how the stock market is performing overall, which will help us guide our investment decisions. This is also why the S&P 500 is a popular index to invest in through mutual funds and other sources, as it pools some of the largest companies across the U.S. into one collective group, rather than investing into each individual company separately. It’s the same reason why you would probably buy a TV on Amazon with 5,000 4.5-star reviews, rather than a TV with only one five-star review. Crowd-sourcing (on Amazon) and diversification (in your investment portfolio) makes all the difference, people.
Congratulations, you now know what the S&P 500 is and why it matters to you! But, this article was not meant to be an in-depth analysis of the S&P 500 (because ain’t nobody got time for dat). If you’d like to dig in a little deeper to the topics covered above, feel free to click on any of the hyperlinks (including that one) to become an S&P expert. You’re welcome.
Written By: Kaitlyn Duchien (@ktaylor1395)
Contact Us: email@example.com