Happy Leap Day<\/p>\n
\u201cMay you live in interesting times\u201d a purported traditional Chinese curse is applicable to the market turmoil of these past days. \u00a0As strange as it sounds, these are the times that I love as an advisor.<\/p>\n
I started advising people in regards to how to manage their finances almost 25 years ago and I have seen many interesting times and times like these\u2026 times where we see rapid market declines due to real issues and legitimate concerns.\u00a0 If you have been investing long enough you will remember the 1990s stock bubble followed by the 2000 \u2013 2002 dot com bubble bursting.\u00a0 You might remember the energy crisis of the early 2000s that led to an energy bubble here in Canada and then that bubble bursting.\u00a0 The housing bubble in the US and the Sub Prime Mortgage crisis that led to the markets devaluing dramatically. We\u2019ve seen the Fukushima nuclear meltdown in Japan, we\u2019ve seen 9\/11, Iraq, Afghanistan, rampant terrorism across the Western world. \u00a0We\u2019ve seen SARS, MERS, Ebola and now we are onto the Coronavirus.<\/p>\n
The interesting thing is how each of these felt like an existential threat. That things were different that time. \u00a0But the one thing that was the same through all of those events was how important it was to not let our fear get in the way of our investment strategy.\u00a0 Holding through all of the above was the right thing to do, and in my opinion is the right thing to do now.<\/p>\n
Here are some articles I wanted to share from my Saturday reading.<\/p>\n
Lessons from past market plunges – and my single biggest regret in reacting to them<\/strong> Read in The Globe and Mail: https:\/\/apple.news\/AkZ_jA4tnSX-citgcJg5zAg<\/a><\/p>\n Why coronavirus will force central bankers to give the economy a shot in the arm by cutting rates<\/strong>
\nSome advice for investors seeking direction during the turbulence<\/p>\n\n
\nCentral bankers are waking up to dramatically overhauled expectations about interest rates, as the coronavirus that started in China and is now creeping around the world rewrites their plans as quickly as the virus spreads.<\/p>\n