Kevin Barlow of Miracle Mile Advisors gives insight on what investors should do as coronavirus slams markets.
As money managers advise clients to stick with their current investment plan, the dropping stock market is creating a whipsaw effect that is enough to worry even the sturdiest investors.
“Any financial plan or strategy that was created and didn’t account for a potential 20% drop in the markets was not one that was going to succeed over the long term,” Barlow said. “Our view is the right positioning decisions are the ones that are made prior to when all the market turbulence hits, not in the middle of all the turbulence.”
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Kevin Barlow of Miracle Mile Advisors gives insight on what investors should do as coronavirus slams markets.
As money managers advise clients to stick with their current investment plan, the dropping stock market is creating a whipsaw effect that is enough to worry even the sturdiest investors.
“Any financial plan or strategy that was created and didn’t account for a potential 20% drop in the markets was not one that was going to succeed over the long term,” Barlow said. “Our view is the right positioning decisions are the ones that are made prior to when all the market turbulence hits, not in the middle of all the turbulence.”
Read the full article: Coronavirus is slamming markets. What’s an investor to do? (LA Times)
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