Edward Jones: Support for community
is a top priority
Local Financial Advisors Christine Short,
Sal Pollice, Jim Sparrow, Phil Dehner and Franklin "Tanker" Wade are
taking steps to protect the health and well-being of clients,
associates, families and communities
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[April 02, 2020]
In
today's challenging times, Edward Jones financial advisors are
thinking about the health of their clients, their families and their
colleagues, what's happening in their communities and the effect of
Covid-19 on the markets.
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Local Financial Advisors Christine Short, Sal
Pollice, Jim Sparrow, Phil Dehner and Franklin "Tanker" Wade are
taking steps to protect the health and well-being of clients,
associates, families and communities. To help mitigate this crisis,
they are suspending face-to-face visits with clients, holding
virtual meetings and training sessions and ensuring office spaces
are sanitized and disinfected.
Of course, people's financial situations also weigh on their minds.
the current market selloff is certainly concerning, but it seems to
be driven more by fear and panic than by economic or financial
reality.
Monetary and fiscal policy are necessary, but at the end of the day,
it will be the medical progress that will dictate the timeline for
reducing market volatility and the ultimate rebound in stocks.
![](http://archives.lincolndailynews.com/2020/Mar/25/images/ads/current/farmers_bank_sda_prom_050614.png)
Edward Jones expects daily volatility to persist until new virus
cases begin to slow, but investors should find optimism in these
facts: prior to the epidemic, unemployment was near a 50-year low,
with solid wage growth; there was an uptick in the housing market,
which may accelerate due to declining mortgage rates; and the
Federal Reserve has cut short-term interest rates back to near 0
percent.
Furthermore, the drop in investment prices may indicate that the
financial markets have already "priced in" the likelihood of a
short-term recession. This could mean that investors have already
endured much of the stock market pain. Yet, even a short recession
is of concern since it's likely to bring at least a temporary
disruption to an otherwise strong labor market.
For investors wondering what to do now, your local financial
advisors offer these suggestions:
First, remember why you're investing. With the market decline,
people will be tempted to change their investment strategies. But
they need to keep in mind that most of their financial goals, such
as a comfortable retirement are long-term in nature - a lot
longer-term than the shelf life of the coronavirus. If investors
have established a long-term strategy that's appropriate for their
needs, they should stick with it regardless of today's headlines.
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![](http://archives.lincolndailynews.com/2020/Mar/25/images/ads/current/stclara_lda_SPONSOR_090519.png)
However, individuals who are particularly concerned
over the current results of their investment statements might want
to evaluate their risk tolerance. For those who may be losing sleep
over what is going on in the markets, it is possible the portfolio
is positioned too aggressively for the amount of risk that feels
comfortable. In that case, investors are advised to work with their
financial advisor to consider adjusting the investment mix to
include more fixed-income securities, which can provide some
downside protection; but there is a trade-off because this might be
affecting long-term growth potential.
Finally, now might actually be a good time for
investors to consider actually adding to their portfolios. Right
now, many stocks are at their best values in more than a decade. For
those needing to rebalance a portfolio, this could be a good time to
do so.
Ultimately, investors need to realize that, while these are somewhat
uncharted times, the temptation to panic should be fought. Emotions
are running high right now, and while everyone's top priority should
be to protect themselves, their families and their communities, it
is still important not to lose sight of their financial well-being.
For that, the best thing to do is look past short-term downturns and
maintain the discipline to keep investing in all types of markets.
![](http://archives.lincolndailynews.com/2020/Mar/25/images/ads/current/xamis_sda_FARM_2019.png)
Edward Jones, a Fortune 500 company headquartered in St. Louis,
provides financial services in the U.S. and, through its affiliate,
in Canada. Every aspect of the firm's business, from the investments
its financial advisors offer to the location of its branch offices,
caters to individual investors. The firm's 18,000-plus financial
advisors serve more than 7 million clients and care for $1 trillion
in assets under management. Visit our website at edwardjones.com and
recruiting website at careers.edwardjones.com. Member SIPC.
[Karen Bent
Senior Branch Office Administrator
Edward Jones] |