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Market Commentary from Freedom First Wealth Management

Posted by Freedom First Credit Union on Mar 17, 2020 8:00:00 AM
Freedom First Credit Union


Steve Devlin, Senior Financial Consultant with Freedom First Wealth Management, and Jason Fletcher, Financial Consultant with Freedom First Wealth Management, share a couple thoughts to keep you aware of the things they believe are most important as we weather the storm in the markets. 


Taking steps to prepare for future uncertainty. We love this concept as it pertains to our country’s attempt to slow the spread of COVID-19. This means that things will be cancelled like basketball games, college classes, business travel, etc., in an effort to keep us all safe. However, this also pertains to our process of selecting the correct tools for your portfolio needs, from products that provide downside protection to the quality of the funds in our mutual fund portfolios.


For some investors this creates an opportunity to buy even if we have not yet hit the bottom. For others the decisions may be to hold tight and wait for the return. Either way we have seen this before and statistically the best place to be if you participated in a market drop is still in the markets when the rebound occurs.  


We do believe that these quick drops will be short lived and that the losses some of us are experiencing will soon end and be followed by growth back to where we were a month ago. We continue to evaluate our positions for quality and opportunity as the market rebounds with plans to make changes when appropriate.

With China being such a focus from the beginning, we believe this article and chart are evidence that we can slow the spread of this disease by limiting contact, as recommended by the CDC. https://lplresearch.com/2020/03/12/positive-signs-from-china-on-covid-19/

“Historically in pandemics, stocks have usually begun to recover as the number of new diagnosed cases stabilized, not necessarily even declined,” said LPL Financial Managing Director and Chief Investment Officer Burt White.


The status of the outbreak can be found in the situation summary on the CDC Website: https://www.cdc.gov/coronavirus/2019-ncov/index.html

Please let us know if you have any questions.

Steve Devlin, Senior Financial Consultant, Freedom First Wealth Management

Jason Fletcher, Financial Consultant, Freedom First Wealth Management


For more information about Freedom First Wealth Management services or make an appointment, go to our website www.freedomfirst.com/wealth-management

Products offered are not NCUA or otherwise federally insured, are not guaranteed by or obligations of the credit union, and may involve investment risk, including possible loss of principal.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Freedom First Federal Credit Union deposits and are not NCUA insured. These products are not obligations of the Freedom First Federal Credit Union and are not endorsed, recommended or guaranteed by Freedom First Federal Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

Investment advice offered through Level Four Advisory Services, a registered investment advisor. Level Four Advisory Services, Freedom First Federal Credit Union, Freedom First Wealth Management, and LPL Financial are separate entities.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: VA, MD, NC, PA.

Topics: Tips & Tricks, Personal Finance, Personal Savings, Wealth Management

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