Investment Risk Management |Trump, China, and Twitter - Financial News & Insights for Friday May 29, 2020

China, Twitter, and The World Health Organization – Financial News & Insights for Friday May 29, 2020 The major indexes were mixed Friday, ending a fairly positive week for trading. The S&P 500 rose by 0.48%, while the NASDAQ increased by 1.3%. The Dow Jones dropped by 0.07%. The S&P 500 has gained 4% altogether in May. Occidental Petroleum had major news Friday, as the company announced that they would be reducing their dividend payout. Trading was paused as the company stated that its quarterly payout will be 1 cent per share. This is down from March 10, when the quarterly payout was at 11 cents per share. The company was forced to make this reduction due to the historically low prices of oil over the last few months. After the pause in trading, shares fell by over 3%. The company has so far lost 68% of its price in 2020. President Donald Trump’s news conference relating to relations with China took place at 2 pm. This conference was directly related to the approved national security bill for Hong Kong. During the conference, President Trump spoke about working towards eliminating any special treatment towards Hong Kong. However, he did not say that the United States would be retracting their trade deal with China. Phase one of this deal was signed in January 2020. President Trump also did not announce any new tariffs. Read more: https://callputstrike.com/2020/05/29/china-twitter-and-the-world-health-organization-financial-news-insights-for-friday-may-29-2020/ Setting up an Investment Portfolio When first starting at the very beginning, investing can seem like quite a daunting prospect. Stocks, bonds, dividends, options, securities, what does it all mean? When unsure of how to tackle this, the best bet is to talk to a financial advisor. They will set up an investment portfolio, which is comprised of all the things listed above, and more. Typically a financial advisor will manage the portfolio and send a statement of the activity regularly. However, it is a good idea to be aware of what exactly is going on, and how to work with the advisor to manage the financial risk in your portfolio. Read more: https://callputstrike.com/2020/04/26/how-to-balance-risk-management-for-investment-portfolios/