Like many of you, Bianca and I are attempting to find a balance between taking prudent safety precautions and still living our lives.
Thanks for your concern
We are healthy, our family is healthy. Those visiting our office will notice an increase in strategically placed hand sanitizers, but otherwise it’s still business as usual.
I’ve had many clients ask how I’m doing through this turmoil. In truth, markets like this are challenging for everyone, and I’m no exception.
That said, I believe in the resiliency of the US economy and capital markets. I’ve navigated three bear markets in my financial career, and I’m fortunate to have patient clients. Many of you have also been here before.
The market is challenging but …
Economic fundamentals remain intact. Diversification is working. Bonds continue to be a safe haven. And stock valuations are becoming much more attractive. I’m confident in the long-term outcome and will be looking, cautiously, for buying opportunities along the way.
It’s also important to note that we’re facing this in what has been a very healthy economic environment.
In other words, the market is just like a healthy person, who can become sick, feel terrible for a period of time, then slowly recover and get back to normal. Right now it is ailing, and we need to give it time to recover. Eventually, it will be back to normal.
Speaking of “normal,” it’s normal to feel concerned about sudden market declines, especially during unprecedented events like this.
That’s why I’m here.
I invite you to call or come in to discuss how this situation has impacted your financial well-being.
Adam Hartrum is a registered representative with, and securities and advisory services offered through, LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Stock investing involves risk including loss of principal. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.