I just wanted to take a moment to reach out to all of you on behalf of our firm.
It has been a difficult few weeks, not just here in our country, but for the entire world. We have seen steep and significant declines in the market and are now working through the reality that the Coronavirus is here. It can be hard to find optimism when it feels as though the world is falling apart.
We have worked with you all to put you in position to endure market declines, recessions, and other unforeseen circumstances. We have encouraged you all to have cash reserves for moments like this. We have been diligent in recognizing that there are risks even when there appear to be none. At the risk of sounding cliché, we have been planning for just this type of thing.
Many of you were clients during the Financial Crisis of 2008 – 2009. While there were challenges, the world did not end then and it is not ending now. Markets recover, recessions end, and the world moves forward. Take a breath, take a break, and enjoy some extra time with your families (just not in large groups ????).
We are here if you need anything.
Matthew J. Burnham