With the close of the 2nd Quarter of 2020, the uncertainty of the spread of the coronavirus is still being felt around the globe and the outcome of its effects, from both a human and financial perspective are still unknown. Fortunately, we have seen a significant recovery in the markets and the volatility has settled down in comparison to the first quarter.
The unexpected and significant recovery in the markets provides support for setting our emotions aside and maintaining a disciplined strategy to investing during difficult and uncertain times. Here at Bay Point Wealth, we are grateful to have the opportunity to work with clients that value planning and advice, and have the willingness to stay the course in difficult and volatile times.
As we move forward in our investment experience the only thing that is certain is that we will have more uncertainty. There will always be another crisis on the horizon, which will create fear and anxiety in our lives. The important thing is to have a disciplined plan and investment strategy that you can stick with over time, not predicting and reacting to the next event. We continue to believe that a low cost, diversified and tax efficient portfolio based on your personal needs will give you the best chance of success.
For more specific information on the past quarter’s market performance please download the full Quarterly Market Report.
Please feel free to reach out with questions and concerns. We are here and ready to help guide you through these difficult times.