This Is A Gross Over-Reaction.

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Persevering through market turmoil

There's a Toyota truck commercial that says, "If you persevere when times are tough, you'll be unsptoppable when times are good". This is the time to stay calm and persevere. Our world is awash in panic and fear and many people are overreacting in ways they will regret in a few weeks or months. Everything we are dealing with right now is NEW and is UNKNOWN and is leading to widespread FEAR and PANIC. Don't be a victim of this.

As far as helping to contain the spread of the coronavirus we can all do our part by:
1. Washing our hands regularly with soap and water.
2. We can reduce our movements and stay at home. There's no where to go anyway.
3. Keeping a 3-6 foot distance from others.
4. There's no need to hoard groceries and supplies.
5. Let's help each other out and get through this together.
6. Support local businesses at this time.

The people who are dying from this virus had a compromised immune system. If you get the virus, you are most likely going to recover. 

At this point the prudent person needs to hunker down and wait this out and not fall victim to the fear and panic. Use the extra free time to be productive and do something you enjoy. 

Identifying a bottom.

1. We will need to see reduced trading volume on the various indexes.

2. We will need to have several positive days on the markets compared to negative days.

3. We will need to see media outlets talking about different stories, because people are sick and tired of hearing about the virus and the economy. The media feeds off of frenzy and they love this stuff - in fact, they are the blame for most of it.

Is this a buying opportunity?

The short answer is yes. You'll never time the bottom perfectly, however andwhere around here is close. If you want to put more money in, this is as good a time as any. We would recommend the US Growth Funds. We believe the US will lead the recovery. The US is a safe haven for investments from all over the world. This is evident in the strengthening of the US dollar that has been happening throughout this crisis. If you were looking to make an RRSP or TFSA contribution this year, this is the time to do so. We have personally taken advantage of this correction by adding more money to our own investments. 

What will be the economic fallout?

It will be severe, but shortlived.

There's only one thing that drives stock prices - profits. Right now the profits of most businesses will be impacted. Apple is shutting down all of it's stores outside China and that will have a great impact on profitability in the short run. Airlines are coming to a stand still. Cruise ships docked. However, everyone is at home and not spending much money, so when the dust settles and we return to normal, there will be a lot of pent up supply of spendning money ready to come back into the economy. We are definitely heading into a recession in Canada and the world. We just do not think it will be a long severe recession. 

Nancy and I are in good health and working from home except for when we have meetings. We haven't been anywhere except to the grocery store.

We are still holding client meetings at the office and will contiinue to do so unless directed to do otherwise by health professionals. The office has protocols in place to prevent the spread of the virus.

1. No hand shaking.
2. Washing hands before and after meetings.
3. Cleansing the tables and chairs and other sufaces after appointments.
4. If you are sick then please rescedule.

We are here to listen to you if you have questions or need to talk this through. If you are stuck at home and in need of supplies we can go to the store for you. Let us know if we can help in any way.

As Winston Churchill, one of the greatest leaders of the 20th century stated: “Your greatest fears are created by your imagination. Don’t give in to them.”


Check this out: This Is How Many People Die From the Flu Each Year


Fee Only Retirement Income & Investment Planners,

Willis & Nancy

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My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
What we wanted, was not just reasonable returns now, but good personal advice in our preparation for retirement and what happens when retirement actually arrives. We wanted someone who would be walking with us, guiding us on our way to retirement.
From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
Once we decided to move our accounts over to Langford Financial, we found their process was comforting and refreshing as Willis and Nancy first worked at evaluating our complete situation. They dug down to get a complete picture of where we were at, where we wanted to be and how to get there. This took some reflection on our part but once we saw how they put it all together in our “Financial House In Order” binder, we were confident we made the right decision to go with Langford Financial.
Since the time we started working with Willis and Nancy I have attended many of their seminars and can say the information they have been teaching has been amazing. Always relevant, and consistent with their desire to help those coming up to retirement, and covering so many different situations as everyone has a different life situation. I know more than one of the tax-saving strategies they taught at their seminars will work for my wife and I, so we are very happy about that.
We would definitely recommend Langford Financial, not just for all your retirement planning needs, but they have great ideas on savings for your grandchildren too!
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Paul & Elaine Radder
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