If this guy is so sharp, did he, like I, see this coming a couple weeks ago and sell out of the market at the top? I sold off a small portion to add to my cash reserves, at the top, and I don't get paid to do this for a living. The right advice, but too late to help, is of very little use.
Max Dillon Charleston SC Feb 27, 2020 11:57:39 PM Andrew Strasfogel via Mercedes <mercedes@okiebenz.com>: > Good article from a sharp investment advisor: > > *Monthly Client Letter * > > *February 2020* > > Recent outbreaks of the novel coronavirus (a.k.a., COVID-19) outside of > China has raised concerns about the virus’ containment. This heightened > concern sent global stocks quickly lower over a few trading days as > investors assess the potential impact of the virus on the global economy. > While we don’t know how many people the virus will infect, the length of > this viral cycle and what influence it will ultimately have on the economy, > we do know that you may have some questions about how this might impact > your investments. > > With that, we want to share three investment-related themes to keep in > mind. First, don’t give in to the urge to take action. The news stories > about the virus can be downright scary, but we need to remember that market > prices react immediately to both good and bad information. To potentially > make money or avoid potential losses, we would need to trade before it is > news. And, of course, we don’t know the future, so any action would be a > guess, and any positive result would be luck. > > Second, we need to keep perspective. This isn’t the first new virus we’ve > seen, and this won’t be the last. SARS, Zika, H1N1 and others have all come > and gone. While the concerns at the time were the same (e.g., How quickly > will it spread? Will there be a cure? Will it slow down the global economy? > Will it impact my investments?), our society has figured out how to > overcome past viruses, and markets have done the same. > > In fact, markets have short memories regarding epidemics. Markets may > initially react to the uncertainty and fear that comes with any new > concern, but, for the most part, viruses get contained and investors return > to corporate and economic fundamentals. We can see this pattern in the > adjacent table. Market returns generally have been up in the six- and > 12-month periods following the outbreak of a virus or disease. While this > is a small sample set, we know that keeping focused on the long-term > helps us keep a level head during > all kinds of storms. > > The third and final idea we want to share is to be on alert. Believe it or > not, the Securities and Exchange Commission had to issue a public warning > that fraudsters are attempting to play into our natural emotions of fear > and greed during this period of uncertainty. There have been reports of > social media posts and online ads promising a huge profit by investing in > companies that have supposedly found a cure for the novel coronavirus. > We’re sure we sound like a broken record on this topic, but there are no > sure things or get-rich-quick strategies when it comes to investing. > > Before we wrap up this brief, we want to make a couple observations about > the virus. First, one statistic that we haven’t heard much about in the > press is on the number of people that have recovered from the virus. > According to information tracked by John Hopkins University, over 30,300 > people have fully recovered from the virus. While it does have a slightly > higher mortality rate than some of the more recent viruses, catching it > doesn’t mean you will perish. The odds are that our immune system will > fight it off. Further, while the number of infected people outside of China > has grown, the overall number of people that are contracting it appears to > be on the decline. This suggests that containment measures and safety > precautions may be working to limit the spread. > > Our advice remains the same, to stick to your long-term plan and tune out > the noise. We invest client money in a way that isn’t dependent on lucky > guesses or get-rich-quick schemes. We use investment strategies and prepare > financial plans that assume events like these will come and go. So, please, > stay positive and focus on your family and your health. If you want to > think about the virus, send positive thoughts toward those infected by the > virus. > > If you have any questions about your investments, need to inform us of > family or work-related changes, or want to discuss your financial planning > needs, please reach out. We are here to help you reach your financial life > goals! > > Sincerely, > > > On Thu, Feb 27, 2020 at 10:02 PM Rick Knoble via Mercedes < > mercedes@okiebenz.com> wrote: > > > > > > > "Blow up your TV, throw away your paper, > > > > > go to the country, build you a home. > > Plant a little garden, eat a lot of peaches, try and find Jesus on your > > own" > > > > Written by Chicago native John Prine. He was very good friends with > > another Chicago native, Steve Goodman. > > > > Both awesome lyricists. > > > > https://youtu.be/oPwq0YoOy4g > > > > Rick > > > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
