One thing we have been doing actively over the past few
weeks is reaching out to clients to get a read on their state of mind with
respect to not only their health and well-being but also about concerns
surrounding their investment portfolios and financial plans. It has been
heartening that we have actually had very few who have expressed a high level
of anxiety about their investment portfolios. They have questions and concerns
of course, but we are not seeing a “panic” mentality to reduce equity exposure.
This is a good thing because we feel we have educated our clients in
understanding that a) market timing does not work and b) they should not
be overly concerned about their investment portfolios as long as they remain
true to the investment strategy and asset allocation developed from their
financial plan.
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