03/09/2020
Market turmoil is continuing today, and now seems like a good time to share some perspective.
It’s no fun to sit through, but actions like this are expected from time to time; our expectations for what markets deliver to investors is built on long-term global market history that definitely includes many instances of such turmoil. We help derive asset allocations from this long history that matches up with your plans, goals, mission, and tolerance. So, if nothing has changed for your long term, then your portfolio shouldn’t change in the short term.
It sure would feel good to do something, though. The problem is the decades-long market experience and data that we use to build expectations for the future also shows that there are no signals for times to exit and re-enter markets. So, as much as it feels like doing nothing is incurring more pain than necessary, history shows us clearly that there is more pain associated with trying to time market actions.
That’s a very long way of saying “do nothing”.
Market turmoil is continuing today, and now seems like a good time to share some perspective. It’s no fun to sit through, but actions like this are expected from time to time; our expectation for w…