investing, coronavirus, covid 19

We are facing something we have never faced before in our lifetimes. That is a fact and, during a time, when the news of the pandemic spreading and the recommendations on social distancing are getting broader by the day, it can be hard to feel certain or safe about anything.

As troubling as it is to watch the unprecedented market decline and hard it is to tune out the fact that you know you are losing a lot on your investments, we need to maintain our health and the health and safety of our family, friends, and neighbors as the number one priority. Covid-19 which emerged late in 2019 in China has spread rapidly worldwide since then and is a global pandemic. The measures taken by leaders around the globe have been strong leaving most children without a classroom to go to, parents working from home or without a job altogether and investors panicking about what is to come.

This disruption to daily life and to our psyches is substantial and it’s terrible. The coming weeks will not be easy, but these measures are practical and prudent.

Our Current Reality is not Permanent

The markets have made a clear statement as to what they think of this short-term reality. They have recognized that what is necessary to combat a further global public health crisis far worse than what we are seeing now will also result in a great deal of collateral economic damage. Short-term growth, which drives optimism for many investors and that, as we know, is really what the market thrives on, will be stunted. Economists have resigned themselves to the fact that a mild recession is inevitable, though experts believe it could be short-lived.

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We are facing something we have never faced before in our lifetimes. That is a fact and, during a time, when the news of the pandemic spreading and the recommendations on social distancing getting broader by the day, it can be hard to feel certain or safe about anything.

The measures taken by leaders around the globe have been strong leaving most children without a classroom to go to, parents working from home or without a job altogether and investors panicking about what is to come.

Read More