As you might expect, we are getting calls and emails from many clients who are all reacting differently to what is happening in the world today. A number are feeling very uncomfortable with all the news that is circulating, and the impact the coronavirus and other factors are having on the financial markets. Some others are reaching out to invest while prices are lower. All of us fall somewhere on the spectrum of discomfort as we watch our portfolios react to this incredibly unpredictable situation.
We can assure you that we are working tirelessly through this unprecedented event. COVID-19 is making us live, and look at life, differently. 2020 will be forever remembered as a turning point for our society. It is amazing to see how we are adapting and finding ways to not only combat and control this virus, but to also continue doing our jobs, educate our youth, feed those who can’t afford to be unemployed, and in a nutshell, just get through this craziness.
In our interactions with clients we try to remind them of the value of their financial plan, and to lean on that plan to keep grounded. That still holds true, now more than ever. Applying that advice to ourselves we are reminded to stick to OUR plan. In times like this, it is our job to manage your investments. Your job is to continue to find joy doing the things you love.
And while COVID-19 may prevent us from enjoying some things we love like traveling and dining out, we challenge you to take advantage of this sudden change of pace to reflect on what else brings you joy. Personally, we are finding joy in having our college-aged children home. We are treating it like a snow day on steroids.
What will you do to keep joy in your life during this unprecedented period? We encourage you to take advantage! Do the things you never seem to have time for. Maybe it is cleaning out your closet, trying some new recipes, reading a book or doing a puzzle. Call a friend you haven’t spoken to in a while. Spend time with a family member, just because you love them. Binge watch your favorite shows or find a new series to escape into.
Some of us never made those New Year’s resolutions, or if we did, they haven’t been followed. Take the time to set some goals for yourself, be it for health, happiness or prosperity. Get up and move with a walk outside or do some yard work. Think about ways you might be able to help someone out who is facing a challenge. Expand your knowledge or find a new hobby.
Whatever it is, identify the things that bring you joy and embrace them.
COVID-19 doesn’t have to be all bad. Let’s make some lemonade out of lemons!
Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and investors may incur a profit or a loss.