Four Reasons to Remain a Long-Term Economic OptimistSubmitted by Reby Advisors | Certified Financial Planners | Danbury, CT on March 13th, 2020
March 13, 2020
As market volatility continues – stocks regained some value this "Friday the 13th" after the biggest single day decline since “Black Monday” in 1987 – we want to share a few reasons to remain long-term optimists:
- The Federal Government appears to be nearing agreement on a stimulus package with the aim of preventing the economic impact of the coronavirus from causing a recession, or at least lessening the financial hardship caused by the pandemic.
- The Federal Reserve has shown a willingness to take strong measures to sustain liquidity in financial markets – including a $1.5 trillion injection on Thursday.
- Historically, the stock market has always rebounded from “black swan” economic events like this one, albeit with varying time frames.
- Most important for our clients, the Reby Advisors portfolios have been designed with financial storms and bear markets in mind. We prepare for times like these with a balanced portfolio focused on the dual goals of generating long-term growth and short-term income.
Of course, your health and the health of your loved ones is most important. Please remain safe, and if you have any questions about your portfolio or financial plan, please do not hesitate to contact us.
If you’re not yet a client and would like advice, we would welcome your call.