Yesterday was the first day that I learned of someone that I personally know that had a family member contact the Corona Virus. This affected me as I prayed for them and their family. It’s one thing to see it on the news and another one to have it start hitting home. In my career, we have survived the Tech Bubble, 9/11 and the Financial Crisis of 2008. Although 2008 markets were the worst I have seen, this one is different because it affects the two subjects that human beings most stress about – their health (#1) and their money (#2). We know from experience that the markets will bounce back eventually and that getting emotional about money is never a good idea. We also know that these volatile times are also consequently a great time to invest. Those of you that were brave to invest in 2008 can attest to that. As we continue to learn of growing US cases, we may (likely) continue to experience market volatility. The Fed has drastically lowered rates and our Government is aggressively working on plans to protect our economy, in addition to the CARES Act which I just did a webinar on last week. It’s undoubtedly a scary time, but we will get past this. We always do.

I also just listened to our weekly update just now with our Chief Investment Officer. Raymond James believes that it is potentially going to get worse before it gets better, as we work through containing the spread of the virus in the US. We also believe that we will be turning the corner by Memorial Day weekend thanks to the combination of consumer support (social distancing), policy makers (Fed’s gazillion dollar bills + more to follow if necessary) and medical advances (testing + treatment). Our policy makers are willing and able to do more, if need be. The response has been fast and ferocious and they even think the market may take off once we get past this. From my experience in past crises, I trust they are right and I believe that quick action will prove best to heal our country both physically and financially as quickly as possible.

Stress is one of the key factors that negatively impact our health and we need to take extra care of ourselves and our loved ones during this time. Know that I am here for you if you need my help with anything at all. I am on call for you at all times and it truthfully brings me peace to hear from you with the hopes of bringing you some peace in return.

Enjoy the week ahead & your loved ones and everything you can control. The best way to get needed perspective is to find something to be thankful for every day: your family and friends, your home, a sunrise, etc. Finding gratitude is a great solution to fear and anxiety. Even now we have so much to be thankful for… Remember, you still have running water and electricity. I read something this morning about luck versus opportunity. We cannot control the hand we are dealt, but we can make wise decisions to play the hand we are dealt with as wisely as possible. Below are some quotes from some very wise people to help us all keep things in perspective.

“In the middle of every difficulty lies opportunity” – Albert Einstein

“You cannot control your emotions, you cannot control your money” – Warren Buffett

Stay well & stay in touch,

David