While we have fun in our writings here, the real reason for this venue is for times like now!
Over the recent week there have been a number of events occurring that are causing Capital Market jitters…. here are our updated candid, serious, thoughts.
Market Update and Corona Resources
The cancellation of most sporting and almost any other group events has sent chills down many, and has filtered into the Capital Market movement –
Given our fight our flight wiring, each of us have two ways to digest these events… couple of examples
“Cancellation of almost all sporting and group events!”
- Wow, this must be really bad, I better hunker down and get ready for a terrible event…
- Wow, they are really doing a great job on nipping this in the bud quickly, this will be over faster than we know!
“Capital Markets are really jumping around, and have dropped in value!”
- Wow, the value in my 401k/Investment Portfolio/Company Stock plan has dropped, look at the money if have lost…
- Wow, this is what we have been waiting for, we have been prepared and things are on sale finally, in a year, I bet I will be really glad to have re-invested or made additional opportunistic (but not heroic ore reckless) buys!
Clients – We are on point two in both cases, its really easy to go down path one, maybe much easier…but try to stay on point two!
Our Best Corona Resources
In keeping you on point two above, we feel it is important you stay informed… as such we have the following two best of the best websites for Corona Virus Tracking…
Johns Hopkins Dashboard – Mentioned earlier- This is great for tracking specific geographic areas and we are closely monitoring the chart in the far right lower corner for a leveling of growth… this site is updated less frequently but daily at least
Worldometer Corona Tracker – This is updated constantly and give you an almost live feed of information, although not as pretty format as the above…
Blending these two will give you a good, comprehensive view of what it going on… IF YOU WANT TO FIND OUT… all of us may not!
We have no idea how long this will last and we have no idea what Capital Markets will do… no one does at this time.
In time, this will pass… when the all clear bell rings, Capital Markets will likely be much higher as relief is priced in quickly!
Careful on your reading or listening in-take… the most EXTREME predictions tend to make the headlines!
Office Hours and Spring Break
Accomplishments for the year continue as next week is Spring Break for the school bound 12 year old, who was also part of the early year goal to spend more time….
Careful when you give them the go ahead on Spring Break Wishes…grrrr
Current the two of us are out of town, in a warmer place that would accommodate the two dogs… with other family members arriving soon.
We will be in and out of the office next week, but fortunately have good Wifi in our location!
Sorry for the HEAVY post today, but wanting to give you our best and candid thoughts!
Have a Great Friday!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth