It’s easy to lose focus on your long-term goals when it feels like the world around us has gone a little crazy. Given the recent market volatility due to the unknown outcome of COVID-19 (coronavirus) we want you to know what is happening in our world. Our offices have closed for any in person meetings until further notice. Currently we are all working remotely. Those of you who have been with me for quite a while know that I have been conducting business remotely for the past 10 years while I spend part of the winter in Florida. We are equipped and can continue conducting business as usual through telephone, emails, and video conferencing.
Over the next several weeks, our Administrative Assistant Lynette Gonsalves, will continue to book appointments using one of the above options. At any time you can contact us through email or telephone and we will promptly get back to you within our normal hours of business.
In all likelihood, once the markets start to rebound, Canada will probably be headed towards a recession. Given that we don’t have a crystal ball, we won’t know how deep or how long the recession will last until we look backwards at some point in the future.
So what can you do to help yourself and your family get through this period of uncertainty with minimal pain? If you haven’t already you may want to reduce your expenses where possible. Cash will become king. The question you should ask yourself before making large purchases, is this something you need or something you want? Even though the malls are quite empty during this time of social distance, online sales appears to have increased. People are finding more time to shop since they are working from home.
This is the time to keep saving and focus on the future. Remember investors look into the future with faith. We are asking you to keep the faith as we walk the same line into the future with you. As always if you have any questions or concerns we are here to serve you.