We thought it would be a good time to send out a note of reassurance to our clients.
The media is in full swing and rarely does five minutes pass without further predictions of doom and gloom.
Whilst it is easy to get carried away with the frenzy it is important to maintain an element of perspective in terms of financial markets, investments, savings and pensions.
In no way do we want to downplay how serious and worrying this is for those affected, however, it is important to understand that the effect on the market is purely a disruption and not a destruction; and thus for the majority of the population and the country as a whole the Coronavirus will reach its peak and pass by, in what would be considered the very short term for financial markets.
This short-term impact has an inflated effect on stock markets as we have seen in the past few weeks, but history has shown us that such dips are often followed by periods of recovery; as is the natural cycle of the market.
The important message is not to panic and look beyond the current moment.
It is not necessarily important how financial markets are today, or even tomorrow but rather how they are likely to be in the longer term.
Our client’s investments remain very diversified and are well positioned, to ride out any short-term volatility, and to benefit from the recovery when it arrives.
We understand your concerns and as your financial advisers I want you to be aware that we are watching the situation carefully. If you have any particular concerns, or would like to speak to one of the team please get in touch.