Understanding Market Downturns
Nearly everywhere you turn, from friends and colleagues to cable news shows, you can find someone with a strong opinion about the financial markets. People will often use specific terms such as correction or bear market to render judgments about the direction of markets, especially when market performance is choppy or trending down. Downturns come and go. The results of a well-designed and faithfully followed plan, on the other hand, can serve you the rest of your life. Read More>>
7 Things You Need to Know Before Applying for a Mortgage Loan
The fresh Spring air brings out many potential homebuyers. The mortgage industry has experienced many changes over the last decade, but the basic concepts are relatively the same. Here are some helpful tips from our Peoples Bank Mortgage Experts if you plan to apply for a mortgage loan. Read More>>
Coronavirus Concerns? Consider Past Health Crises
During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March¹. By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of the coronavirus (COVID-19) and its ultimate impact on the global economy. Although many market observers contend that the market was overvalued and due for a correction anyway, the unpredictability, strength, and suddenness of the historic tumble was unnerving for even the most seasoned investors. If recent volatility is causing you to consider cashing out of your stock holdings, it may be worthwhile to pause and put recent events into perspective, using history as a guide. Read More>>
How is Coronavirus Impacting Global Markets?
Global supply chains have been impacted due to their reliance on Chinese production, including manufacturing. While there are reports of factories reopening in China, the ability of workers to return to the workplace has been slower than anticipated. As is evident from the recent market reaction, investors are struggling to determine the economic impact of this epidemic. Read More>>
Transitioning the Family Farm to the Next Generation
How do I pass on the family farm to the next generation, and how do I start? I have been fortunate to work at Peoples Bank for over 30 years, and this question has been asked pretty much every year I have worked here. Even after all of these years, I have not found a specific easy answer, and there is no quick solution as every situation is a little different. Read More>>
20 Financial Resolutions for 2020
Have you set your intentions for the new year? Personal finance is one area where people usually want to make changes. Scan this list of 20 financial resolutions to make sure you haven’t left anything off your own list. Read More>>
7 Tips for Saving Money & Staying Safe During Holiday Shopping
It’s been said that the winter holidays are “the most wonderful time of the year.” However, for many people, the season is also stressful, especially when it comes to money. At Peoples Bank, we care about our customers’ financial and emotional well-being. In this article, you’ll find a step-by-step list of tips to help you plan for holiday shopping in advance, save money on purchases, and protect your sensitive personal information and physical packages. Read More>>
