©2020 Broadridge Investor Solutions, Inc.
The scale of the financial market moves in response to the coronavirus
outbreak has been reminiscent of the global financial crisis. However, this is not 2008, the financial system is much more robust than when the financial crisis originally hit.
My market outlook for 2020, was one of volatility. I was hopeful that the market could squeak out a positive gain for the year. That being said, no one could have predicted the coronavirus or even the Saudi-Russia oil war.
You might say, I have seen a few things over the last 24 years as an investment professional. This isn’t my first viral outbreak. Back in 2003 there was SARS, then the Avian flu, followed by the Swine flu, MERS, Ebola, Zika and now the coronavirus.
What I do know:
I certainly understand everyone’s concerns. At the end of the day, we are emotional beings. Over the last year, I have introduced more bonds and other non-correlated alternative investments to portfolios.
When investing there will always be things that we don’t know, things we can’t predict. That’s why we always have a game plan.