Managing Your Investments and Planning
We remain committed to leading you through the choppiness of the financial markets during the COVID-19 pandemic, however long it lasts. During times of shocking headlines and extreme market volatility, it is more important than ever to remain disciplined with regards to your investment plan.
As you know, we continuously and systematically analyze and monitor the portfolios we manage on your behalf. It is good to emphasize that you are
well-diversified—this never eliminates temporary declines in value but does prevent any one company or industry from diminishing your financial future. The mutual funds and exchange traded funds you own hold some of the most resilient and profitable companies in the world like Apple, Amazon, Berkshire Hathaway, Google, Intel, Johnson & Johnson, Microsoft, Procter & Gamble, etc.
We are coming off one of the longest rising markets in US history. We have seen declines like this before (although spread over many more months). Please remember that declines in stock prices present us with the opportunity to buy the great companies of the world at a discount (by re-balancing). When this firestorm of COVID-19 burns out and the permanent advance of the equity market resumes, you and your portfolio can be the beneficiary of our ability to re-position within our defined process.
Some Good News from this Week
- The IRS postponed the federal tax filing and payment deadlines for many Americans and businesses to July 15.
- Uber Eats is Supporting the North American Restaurant Industry by waiving delivery fees for approximately 100,000 restaurants.
- Fresh Market has announced that they are devoting their opening hour of shopping time, Monday- Friday, to elderly customers.
- Canals in Venice, Italy are running clear.
- Amazon announced that it will hire 100,000 workers to help with the surge in demand.
- “If there is a silver lining in this crisis, it may be that the virus is forcing us to use the internet as it was always meant to be used—to connect with one another, share information and resources, and come up with collective solutions to urgent problems." – Kevin Roose, New York Times.
Please stay safe and healthy. As always, please do not hesitate to contact us with any questions.