Welcome back to PSA Thursday, a somewhat-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.
The majority of us have experienced a rapid change that’s affected every aspect of our lives, from work to our wallets to our health. We’re living in a world that was completely unimaginable two months ago. And we’re trying to handle increased responsibility in a time of high anxiety and high uncertainty.
These weekly PSA episodes are one of many ways in which we hope to help our community make sense of how to manage our limited resources – our money, our time, our energy – in the context of these rapidly changing circumstances.
Today, our focus is on money – specifically, the stock market.
Why did it crash in March? What effect did that have on us as a society? Why has it rebounded in the middle of a shutdown, and what does that mean? Are valuations too high relative to earnings?
How can we handle our investments and retirement savings at a time when the movements of the market seem irrational and unpredictable?
We explore these questions in today’s episode.