Coronovirus & the Markets
As you have recently seen, news of the possible spread of the Coronavirus has created volatile markets which in some cases has caused account values to decrease in value. The most asked question is what to do now? Here are a few items to consider.
If you remember, when we created your Retirement Map (Financial Plan) and before investing your money we did a risk assessment that gave us a risk score to help identify the amount of risk that you felt was acceptable during any six month period of time. Your funds were then invested using that risk profile.
Another purpose for completing a risk assessment was to give yourself permission to 'hang in there' when markets are volatile and to provide to you an understanding of how your investments may perform during a variety of changing market conditions. However, we know that having a risk score that seems acceptable and then actually experiences changes in your account values may still be unsettling and causing you to worry.
In these situations, one of the most important things you can do is call our office where we can set up a phone call or a zoom meeting to discuss your current financial plans to see if any changes are needed.
My experience has been that in most cases we can stay the course because we have followed correct principles in setting up your financial plan and we have taken the long view for investing your funds.
Market volatility will always be with us and much of that is caused by the ever changing events that are happening in our world. Concerning the Coronavirus events, we will keep you aware of any additional information that we receive.
Please feel free to call our office at (909) 330-0074, as we want to be sure that your questions are answered and you feel confident with the investment decisions made as we created your financial plan.
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Sears Wealth Management are not affiliated companies. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. 535725
