Covid Spooks Markets

My email on Monday had no inside knowledge I can assure you but this week the market volatility I anticipated happened. As we stand on Friday, the Australian stock market is down 7% and the US 10% as fears on Coronavirus spook traders. 

Undoubtedly, this may cause you (and anyone I talk to) some anxiety – you wouldn’t be human if you did not feel this. 

My comments on sticking to your own plans remain my advice – this is how markets work and it is exactly in episodes like these that inexperienced investors can ruin a lifetime of meticulous savings by seeking the placebo of moving to cash. To do so will mean they miss out on the inevitable rise when a vaccine is confirmed as effective. 

Indeed, this is literally the reason you have chosen to employ me: to help ensure you make rational long-term decisions in periods of economic and / or market stress. 

If I may suggest it, turn off the next news report, log out of your online account and enjoy your weekend. If you want to talk about any of the points, I am available for a call at any time.