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Your investments and COVID-19: What you need to know

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Hi Member,
We know that due to recent market volatility, Members are concerned about their investments – that’s why we’re reaching out to answer a couple of the big questions.
 
Should I make changes to my portfolio because of coronavirus?
Short answer: No. Unless your goals have changed significantly, there’s no reason to change your overall strategy.

It’s stressful to see your savings go down, we know. Markets have always had ups and downs – our experts helped design your portfolio with that in mind. No one knows exactly what will happen, but there’s no reason to think that the savings goals you set for five, ten years from now will be affected.

Have previous epidemics affected the market?
Short answer: Yes.

We have historical information showing big market impacts from political events, trade disruptions, and of course, other epidemics. The market has recovered before and there’s no reason to think that it won’t do so again. The best thing you can do is stay the course.

If you’re seeking a little reassurance, take a look at the graph below. You can see that while past epidemics have made their impact on the market, it’s not permanent.

Talk to us
You’re not alone. Investing is personal – that’s why we give personal advice. We’re here to answer your questions and reassure you about your investments and your financial future. If you would like to review your plan, please contact us for a meeting.
 
CONTACT YOUR ADVISOR


Yours sincerely,


Brad Higginson
Director Meridian Wealth Management
 
Mutual funds are offered through Credential Asset Management Inc.  
Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc.
Credential Securities is a registered mark owned by Aviso Wealth Inc.

Meridian Credit Union communications are intended for informational purposes only and do not constitute financial advice or an opinion on any issue. We would be pleased to provide additional details or advice about specific situations if desired.

For permission to republish this content, please contact the Meridian Credit Union Marketing Department at communications@meridiancu.ca. ©️ 2022 Meridian Credit Union