The Markets – April 21, 2020April 21, 2020
The Coronavirus & Financial Markets – Update April 24, 2020April 29, 2020
In your investing lifetime, you may never see a situation like the recent novel coronavirus (COVID-19) again. The truth is that we cannot yet gauge the full economic impact it will have on our lives or how long the volatility will continue. It has certainly had a big impact on many people’s retirement portfolio.
One of the most important aspects of your relationship with a financial advisor is the degree of communication you have, especially during times like these. While your financial advisor can’t control the market, they can help you understand how they are managing the situation so you can take comfort knowing that your concerns are being addressed.
At Murphy Wealth Management we recently sent out our 5th video and our 20th letter to clients this year so they feel that we are continually communicating with them. That is in addition to many personal conversations. We were amazed to learn during some recent new meetings that there are people who have not heard from their advisor at all during this entire coronavirus event. Communication is key but even more important is having a plan.
Markets Have the Virus
Right now, markets are reacting to the news because the outcome is unknown. COVID-19 has “infected” markets all around the world. At Murphy Wealth Management we work together with our clients to develop an investment plan that fits their risk tolerance, time horizon, and goals. Because there is a plan in place, we have already prepared them for turbulence in the stock market. By sticking to our processes, our clients have felt confident.
During this event, the Murphy Wealth team hasn’t missed a beat. Working remotely, we have been able to stay connected to our clients just as consistently as when we were all in the office. We have added team members in recent years, so we have the capacity to provide clients with uninterrupted personal service.
Here to Support You
This is the time when you need a trusted financial professional the most. I am here to help you and your family. This may be the ideal time to evaluate your current relationship and explore new opportunities. Feel free to reach out to me to schedule a complimentary consultation and comprehensive portfolio review. Take back your confidence.