April 2020
Market Update


The April 2020  Market Thoughts Video  is now available on our website. Brad McMillan, Commonwealth's CIO, recaps the market and economic news for March. It was a terrible month for the financial markets, with the coronavirus driving the volatility. In the U.S., markets were down by double digits. Further, the economic damage began to emerge, with three million jobs lost in a week. In response, the government quickly stepped in with a $2 trillion stimulus package. The markets took comfort in these measures, showing a slight bounce at month-end. What should we expect in April?

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Scam Alert: Protecting Yourself and Your Finances
 
The number of stories about fraudsters taking advantage of unsuspecting victims seems to grow by the day. Of course, it's easy to think, "This will never happen to me!" But to keep your money and personal information safe, it's vital to stay abreast of the latest scams.
Handling Market Volatility

Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there's no foolproof way to handle the ups and downs of the stock market, following common-sense tips can help.
Tips for  Stress Management
 
During a public crisis, such as the health pandemic we're currently experiencing, heightened feelings of stress and anxiety are normal. But, if left unchecked, stress and anxiety can lead to many health problems. To help you cope with the current challenges and uncertainties, here are some tips for managing stress. 
Helpful Tips

To take advantage of the low interest rates, many individuals are considering refinancing their mortgage.  The Should I Refinance Calculator helps you find out how much interest you can save if you refinance your mortgage. Enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate and closing costs. The calculator will determine how much interest refinancing can save you and if you should refinance your mortgage. In addition, it will calculate the number of months to break even on closing costs with your reduced monthly payment.