With the Covid 19 panic in full swing right now, I wanted to take an opportunity to connect with our StrongTower family. My hope is to shed some light on what has happened over the past few weeks on the stock market and how to best act in times like these.
Our Clients are Amazing
First, can I just say that we are spoiled at StrongTower? I’m serious! When the markets get rough, many firms are overwhelmed by phone calls from fearful investors. I’ve only had two phone calls from clients that voiced concern and wanted to adjust their portfolios reactively. In fact, I’ve had more clients contact us about how to take advantage of the current drops by investing wisely while stock prices are low. The truth is that investing often requires nerves of steel. If you weren’t at least slightly uncomfortable with the recent volatility, I’d be surprised. Yet, by in large, you have remained calm and strategic. That’s great!