Money Wisdom

Coronavirus Impact on Financial Markets & Planning


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We’re in the midst of an extraordinary time for our nation’s economy as the perfect storm of factors has led to a rapid selloff over the past few weeks. Fear is a natural feeling as you experience everything in the moment, but it’s important to keep perspective and think long-term. Joel will share what conversations we’re having with clients and what you can be doing for your financial plan.

 

Read more and get additional resources here: https://johnsonbrunetti.com/?p=5051 

 

Today's rundown: 

0:19 – Extraordinary times we’re living in. Joel gives his big picture view of the situation.   

1:27 – Don’t let fear or emotion drive you to make a decision right now.  

2:01 – Three things are happening at the same time to create this perfect storm.

3:02 – How is Joel handling things around the office as a small business owner?

6:06 – Clients need to know that they’re going to be okay. That’s what a strong financial plan will do.  

7:17 – We might not know why the market is going to drop, but we always know that the next downturn is inevitable. History shows us that.

10:25 – Your financial plan should not be dependent on the market going up every year.  

11:33 – How can someone reach out and what kind of conversation will you have with people that want to talk about what’s happening?

16:22 – Not everyone is panicking. Some people are looking at this as an opportunity. How are you guiding those people?

18:31 – If you think about selling, make sure you have a plan in place first so that move is just part of that plan.

19:41 – What are some other opportunities that people might want to consider right now?

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Money WisdomBy Johnson Brunetti

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