With the news concerning the coronavirus ever-present, you may be wondering what the impact on your investment portfolio could be. We know big price movements down like this do not feel good. Although there could be a couple of quarters of lost profits for companies, on most occasions the losses are recovered in subsequesnt quarters. Historically, other epidemics such as SARS or the measles have had short-term impacts on the market. Even if this lasts longer and causes the economy to slow down, remember we are measuring success in decades, not quarters.
You may ask, "What action should I consider taking in response to the stock market fluctuations?" While there are multiple responses investors can have towards market changes, no action or response is a valid answer. The key is to remember your portfolio is for long-term investing. REacting to market changes rather than focusing on your risk tolerance and time horizon may not work in your favor.
We encourage you to contact us if you have any questions.
5105 DTC PKWY Ste 316
Greenwood Village, Colorado 80111 United States
5105 DTC PKWY Ste 316
Greenwood Village, Colorado 80111 United States