Markets have reacted to the Coronavirus concerns and headlines and your investment account may see some volatility.
While this may feel worrisome to you, remember that we’re here and we’re keeping a vigilant watch of current events as they unfold.
Will The Markets Recover?
Historically, markets have recovered well after epidemics.
While Coronavirus may cause concern to your health and money, it’s important to stay calm. As you can see from the chart above, markets have bounced back after the SARS, MERS, Ebola, and Zika outbreaks over the past two decades.
The Most Dangerous Thing About Coronavirus
The media plays a large role in controlling the public’s feelings towards current events. The Coronavirus is no different.
Psychology Today wrote a great article in which they explain the way our minds catastrophize the epidemics such as the Coronavirus.
At the time of writing this article, there are 121,656 cases of Coronavirus. As a headline, that sounds pretty scary. Considering that there is 7.53 billion people on the planet, if headlines read “0.000016% of the World’s Population has Coronavirus” the public may react differently.
The Precaution You Should Take
Washing your hands and avoiding sick people are good habits to prevent yourself from contracting an illness – not just Coronavirus, but any type of illness including the flu.
Investing can be emotional, especially during a time where markets are reacting to current events. Remember, market volatility is normal, even amidst the Coronavirus epidemic. Our clients have diversified portfolios designed uniquely for their specific long-term goals and objectives. It’s best to stay the course and not attempt to time the market.
We’re Here For You
If you have any questions, please do not hesitate to contact us. You can send us a message below or call us at (410) 363-7211.
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