Stay Safe. Stay Healthy.

1
APRIL, 2020

Diversify
Spending
Young Adults

The last couple of weeks have certainly changed every aspect of life in Canada. For many of us, the transition to working from home while also educating kids, looking after ageing parents or other family members, and maintaining our well-being has been a big adjustment, but we’re all in this together.
Our primary aim, as a community and globally, right now is to stay safe and healthy.

Even amongst the challenges, it’s been incredibly uplifting to see how our communities and neighbours have banded together to achieve a common goal. It makes me hopeful that good will come of this after it’s over. I hope you are managing, and have also been inspired by your community.

Lynn Williams
Your Financial Advisor for Life
The Lifestyle Protector
Mobile : 604-833-0348
Good News to help Lift Your Mood.

 

Market update. It’s also important to keep in mind how the current market volatility is not based on traditional financial, economic, or political factors, but rather on a public health issue. Historically, markets have rebounded well from these types of conditions. Having a diversified, long-term financial strategy and holding quality investments, which you most likely have, are some of the best ways to withstand market turbulence.
2008 Much Scarier. As one portfolio manager from Fidelity Investments shared on a conference call this morning, and I’m paraphrasing, “2008 was much scarier than today’s crisis. 2008 involved the meltdown of the financial markets. Today, we have no real financial problems going into this and governments around the world are willing and able to print money if required. It’s going to be a long-term process and there will be winners and losers. But, when we get to the other side of this there is going to be pent up demand and that’s good for the economy.” He also stressed, “don’t worry about your money. It’s in good hands.”

Helpful Resources. 

I found these articles helpful in giving some perspective. If you would like to discuss anything related to your financial strategy, or even just to chat, please do not hesitate to contact me.

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The views expressed in this commentary are those of The Lifestyle Protector as at the date of publication and are subject to change without notice. This newsletter is for general information only.  It is not intended as a solicitation to buy or sell specific investments, nor should it be considered financial, investment, legal or tax advice to any party. Prospective investors should review offering documents relating to any investment carefully before making an investment decision as past performance is not necessarily repeatable. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation.
 
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