Twenty-four hour, nonstop news coverage of the coronavirus that causes the Covid-19 disease has triggered the equity markets to temporarily decline into correction territory. We want to remind you that, as always, we are monitoring your portfolio in conjunction with your plan.
We have a systematic process in place to handle market swings and will use these opportunities to re-balance your portfolio. Our planning incorporates temporary declines and inevitable market volatility. History has shown that pandemics such as Covid-19, SARS, swine flu, etc. do not have a long-term effect on markets. In fact, markets often heal quickly after news of a disease outbreak.
Here are some suggestions on how to navigate the current market environment. Turn off the 24-hour news feeds and take some time to pursue something that brings you enjoyment. Trust us to keep your portfolio weightings in line with your long-term goals.
But of course, should you have any questions, please do not hesitate to contact us.
Ullmann Wealth Partners