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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.

This Is Your Brain on a Crashing Stock Market

March 20, 2020

All investors—individuals and professionals alike—need to understand the havoc this kind of…

Ottawa to provide $2,000 a month to help workers affected by COVID-19

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Prime Minister Justin Trudeau says Ottawa will provide workers affected by the COVID-19 pandemic…

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These are trying times, and as much as we need to practice social distancing, we also need to…

Buy stocks at the start of a bear market? History suggests that’s not such a bad idea

March 25, 2020

The author says: The markets reacted to the virus by jumping off a cliff. I turn to history when…

From wildlife sightings to Instagram-worthy views, here’s how to travel without leaving home

March 26, 2020

There’s something about being stuck at home that makes seeing the world all the more desirable….

You Hate Risk. You Need Growth. What Do You Do?

March 25, 2020

Does the stock market’s nose dive make you want to shift into full retreat — no stocks, no bonds…

Master the quick and painless money check-in

March 26, 2020

Like cars, relationships and health, personal finance needs maintenance. Routine care now helps…

Our economy has just taken a massive hit. So now what?

March 24, 2020

‘It’s going to be really big and it’s going to be really bad,’ one economist says, but there’s…

An expert guide to social distancing – and what to do if friends and family aren't onboard

March 24, 2020

Experts say avoiding close contact is the key to slowing coronavirus – but what if you live with…

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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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