Is the Stock Market Open on Thanksgiving and Black Friday 2020?

Investors will get some time off from the stock market on both Thanksgiving Day and Black Friday, but don't call it a perfect four-day weekend.

It's closer to a three-and-a-half.

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In 2020, the stock market is closed all day on Thursday, Nov. 26, to celebrate Thanksgiving Day. It will reopen on Black Friday at its regular time, but it will be a shortened trading day. Stocks will stop trading at 1 p.m. on Friday, Nov. 27.

The bond market is in the same boat, closing on Thanksgiving Day and opening for a partial session (closing at 2 p.m.) on Black Friday.

The following is a schedule of all stock market and bond market holidays for 2019. Please note that regular trading hours for the New York Stock Exchange (NYSE) and Nasdaq Stock Market are 9:30 a.m. to 4 p.m. Eastern on weekdays. The stock markets close at 1 p.m. on early-closure days; bond markets close early at 2 p.m.

2020 Market Holidays DateHoliday NYSE Nasdaq Bond Markets Wednesday, Jan. 1 New Year's Day Closed Closed Closed Monday, Jan. 20 Martin Luther King Jr. Day Closed Closed Closed Monday, Feb. 17 Presidents' Day/Washington's Birthday Closed Closed Closed Thursday, April 9 Maundy Thursday Open Open Early close
(2 p.m.) Friday, April 10 Good Friday Closed Closed Closed Friday, May 22 Friday Before Memorial Day Open Open Early close
(2 p.m.) Monday, May 25 Memorial Day Closed Closed Closed Thursday, July 2 Day Before Independence Day Open Open Early close
(2 p.m.) Friday, July 3 Independence Day (Observed) Closed Closed Closed Monday, Sept. 7 Labor Day Closed Closed Closed Monday, Oct. 12 Columbus Day Open Open Closed Wednesday, Nov. 11 Veterans Day Open Open Closed Thursday, Nov. 26 Thanksgiving Day Closed Closed Closed

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Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?

Let’s talk about debt baby.  Let’s talk about you and me.  Let’s talk about all the good things and the bad things that may be.  Let’s talk about debt.  

Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?  

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I have to bring some joy during the pandemic!  OK. We talked about the importance of budgeting and cash flow analysis. Now, let’s focus on a related topic: debt. 

True or false? Some debt can be good. Answer: True. But there’s a catch.  You should be responsible with debt and use it to acquire an appreciating asset; in other words, an asset that will increase in value over time.  This takes discipline and focus. 

Good Debt: Mortgages and Student Loans

Most people can’t afford to purchase a home outright, or entirely with cash.  They rely on a mortgage to finance the home purchase.  If you are a first-time homebuyer, I’d strongly urge you to save at least 20% of the home’s purchase price for a down payment.  Otherwise, you may have to take out a secondary loan at a higher interest rate or pay private mortgage insurance, also known as PMI.  What if the value of the value of your home declines after the initial purchase, as happened to me in 2005 near the peak of the real estate market?  I wasn’t a financial adviser then and had only saved 10% for the down payment.  My first home was a big financial mistake — at least a $15,000 loss on a $150,000 starter home when you factor in closing costs, realtor commissions and renovations.  Yet, I learned valuable lessons.

Mortgage debt can be good. In fact, my husband and I recently had the option of taking our Missouri home sale proceeds and providing even more than a 20% down payment on our new home in Florida. However, with the mortgage rates so compelling, we kept the extra cash and invested it in other long-term goals. You can exercise the same judgment when purchasing a new home.

The other “good debt” could be student loans.  In many cases, bachelor’s degrees are required to get into any white-collar position.  Some professions demand additional schooling.  A newly minted doctor or lawyer could easily have over $200,000 in student loan debt.

Is your child entering college soon?  If so, have a candid

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