Most of the time, financial markets find balance between fear and greed. Most quarters, while allowing for some winners and some losers, will have a slight overriding direction. This was not one of those quarters.
Last October, I attended a Luke Combs concert with my fiancé and some friends. He performed one of his songs titled "Refrigerator Door" and the meaning behind it got me thinking.
As you can imagine, some of our content has changed given the status of our world lately. In light of this, I thought I would share some of my personal experiences during the pandemic.
Thursday morning, 03/19/2020.
Times are tough. Things aren’t going our way and it may seem like things will never get better. The folks at CNBC don’t sound positive. A rain storm is lashing at my office windows, dark clouds have delayed the morning light. We don’t know enough. Not enough about biology, not enough about economics. The TV folks will tell you that this time is different, that this healthcare crisis and economic crisis is different than all others that have come before. It sounds grim. We simply can’t know what happens next.
Clients and friends,
In our January 2020 quarterly newsletter named “Dividends”, in my piece “My Annual ‘No Prediction for Next Year’ Letter”, I made a statement regarding what to expect from markets in 2020. I stated:
“Here is what we can expect in 2020: stuff is going to happen, weird stuff, stuff we didn’t see coming and so it’s best to be ready”.
Without a doubt, we couldn’t have predicted the impact of the COVID-19 virus. However, I can say with certainty, Iowa Wealth Management is prepared and ready to serve our clients through these unsure times.
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