I want to start by thanking all of the clients I have already spoken with over the past month. Connecting with people is one of my main drivers in life and to connect with so many of you during this time has been a huge energy boost. While the traditional ways of connecting are being strained, new ways are emerging.
As the busy-ness of life slowed to a halt, the depth and quality has blossomed to a new level. I have likely become a better father to my children by being a little more present in their lives. It was not until this weekend when I was experiencing an opportunity to be a better father that we were mountain biking I realized how to explain what we are seeing and how to invest in times of turmoil. My daughter Amelia was doing a great job on our first mountain biking excursion. As she approached a steep downhill followed by a steep uphill, she stopped pedaling and peered over the trail and steep drop down and back up. She was following her human instinct of fear and wanting to make it stop. While not completely braking, she was not pedaling. Each opportunity, she continued to lean to the side, fall or not come to the top of the next hill. I urged her to go faster on the way into the downhill. I explained to her that even though it was scary, she would need to speed to get to the top of the next hill. After a little bit, we cheered her on and encouraged her to try pedaling harder at the top and through the trough that our blissful family outing continued.
Take a moment and consider investing as it would apply above. I admittedly do not know how to invest for a worldwide pandemic, yet I am confident we know how to manage your financial household through anything. Much like the downhill fall we have been in, we continue to encourage you to pedal right through the trough, hopefully gaining some momentum to adjust for the conditions. I know you are tired and scared of some of what is happening in the world. I get it, I am a person who prefers to hug here so I am struggling along with you. Keep the course, you have made it through the worst part. We are working on adjustments to help you pedal through to the next hill. We do not know where the bottom of the trough is and we do not know how long it will take to get to the top of the next hill but we know that is the path to continue on for your financial success. We are here to cheer you on, discuss the plan and encourage you to make the right choices in this pivotal time.
On the Personal Side:
What is one new habit that you hope to maintain after quarantine? That is the question I would love to know from you and asked my family and here are their answers:
Evan: Having Matt around a lot more.
Lila: Being allowed to text friends.
Amelia: Sleeping in.
Me: I have enjoyed walking home from the office when possible. The walk is 3.5 miles, I get to inhale 4.2 lbs of pollen while connecting with clients and friends I haven’t heard from in a while.
We have made the most of our current way of life. We have a garden planted that should be pretty decent as we are in town every single day to water and care for it. We have played some board games, journaled, built a Lego Yoda, attended church online, camped, made Youtube Videos, cooked outside, been mountain biking, consumed wine, painted rocks, napped, planted a tree and colored our front window.
On the Business side:
I have been pretty hard on myself as a business owner over the past few weeks. We are in the midst of learning this new temporary norm and we have really been making leaps with our abilities.
-I made the decision to have the phones changed to go directly to a voicemail and be emailed to the team. Calls during business hours are returned in a timely manner. I know this is not ideal, please bear with us during this time.
-We are learning to conduct all business with e-signature and hope to have the ability to open and fund accounts via email as this is finally available to us.
-We are meeting daily via Zoom and I need to do a better job of wearing a hat for these meetings.
-Clients who have not heard from us yet are getting calls to check in.
Stay home please. When travel is allowed again, it will be all that more special.
I will be creating two videos per month now that will cover various financial topics and distributing them through social media. I would love your feedback. Let’s connect on LinkedIn or Twitter at @mattloganinc ,or like my channel on Youtube or follow my page on Facebook. I will be posting regularly on our blog as well so be sure to check it out from time to time.
Please forward this email to people you care about who may be concerned about their financial picture. This is the time they need the most help. If you hear people who are scared of how this pandemic is affecting their financial lives, we want to help them. Please pass along my email as that is the best way to set up a conversation right now.
We have consolidated our online account access through E-money. If you would like to set up an account and do not work with us currently, please email Brooke to set up an account. If you have already set up your account and would like to access your accounts, click here. More often, we are helping facilitate financial communication among generations. If you are concerned about your parents and their financial situation this could be a good solution for you.
The bus has sadly been parked for safety and is missing out on fun.
Featured Blog Post:
One way to add some challenge to home schooling is to give a video project. Lila helped me with this video on turning Lemons into Lemonade. Please click here and let me know your thoughts.
Second Quarter Outlook:
Investing through the panic is not for the faint of heart. After the longest bull market in history we jumped into this bear market really quickly. This past quarter, the S&P 500 Overall, the economy will be fine. There are small businesses that will really suffer from this. If you have restaurants or small businesses that you support, take an extra look to see what they are offering. Even the best business planning likely does not plan for a halt in our Nation’s way as we know it.
As far as investments go, I have been doing two things with my days. The first, I have been speaking with clients. The second, I have been speaking with the investment managers we use to manage funds. I feel that there will be a number of opportunities to adjust some portfolios once we do hit the bottom. We feel that larger, household names and companies that pay dividends are going to be very attractive. The trend for a long time had been to find lower costs and using ETFs. We feel that we have now shifted into more of a market where investment selection will become more and more important and we have been working with models to implement this. For a more in depth look at our outlook moving forward, click here.
We want to help you and your family.
The views stated in this letter are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change with or without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing.
*The CBOE Volatility Index, known by its ticker symbol VIX, is a popular measure of the stock market's expectation of volatility, implied by S&P 500 index options. It is calculated and disseminated on a real-time basis by the Chicago Board Options Exchange (CBOE), and is commonly referred to as the fear index or the fear gauge.