In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. The truth is that we can’t yet gauge the full economic impact, and by the time we can, the volatility may have passed.
During periods of volatility, we generally advise that you stay the course with your original plan, and this advice has historically proven to be the best course of action over the long term.
By going through your risk questionnaire during one of many previous investment meetings, we have already done the work to create an investment strategy that fits your risk tolerance, time horizon, and life goals, which means we have been prepared to weather turbulence all along.
When a blizzard hits, the people who already own snow tires are usually less anxious than those venturing out into the cold, hoping they’re still available. In the same way, it’s generally best to make strategic decisions during periods of low market volatility, rather than in the midst of a storm.
That being said, if you are concerned that perhaps your answers to our risk sensitivity questionnaire may need to be modified please let us know and we can set up a meeting to do that together in the days/weeks ahead.
If you’d like, please feel free to visit our landing page highlighting the benefits of using our award-winning risk analysis partner Riskalyze to help pinpoint the correct amount of risk for you based on a quantitative methodology.
We recognize that this may be the time you need us the most so please don’t hesitate to lean on us for support and perspective by scheduling a meeting soon. Here is our online scheduling link for convenience.
We’ll talk with you again soon,
Bryan Foronjy, CFP®
Founder and Principal Wealth Manager
CA Insurance Lic. # 0F84170
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Bryan Foronjy is a registered representative with, and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group LLC, a registered investment advisor. Strategic Wealth Advisors Group LLC and Foronjy Financial are separate entities from LPL Financial.
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Don't Try to Buy Snow Tires in the Middle of a Snow Storm
March 09, 2020|