For today’s show, we put in some overtime to get you our up-to-the-minute take on how the coronavirus outbreak is affecting financial markets.
The short version: Outside shocks to the financial markets, like the coronavirus, can't be predicted, but we do plan for them. Outbreaks like Ebola, Zika, MERS and SARS have rattled the markets before. And while past performance does not guarantee future returns, after downturns like the one we’re experiencing right now, the markets are typically on the road to recovery within a short amount of time. We’re also optimistic about what other key economic indicators are telling us about the overall strength of the US economy.
However, that doesn’t mean we're Pollyanna or complacent. We continue to monitor the situation and are ready to take action if the situation warrants. Listen to this episode for our thoughts on the opportunity that volatility provides us to re-balance portfolios and other strategies to utilize when the market is low, what the government might do to help stabilize the markets, and the likelihood of a recession.
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Bill Keen is a CHARTERED RETIREMENT PLANNING COUNSELOR℠ and independent financial advisor with more than 25 years of industry experience. As the founder and CEO of Keen Wealth Advisors, a registered investment advisory firm, he specializes in providing personalized retirement planning designed to help people thrive before and during their retirement years. With a passion for educating others, Bill regularly blogs about retirement planning, hosts the podcast Keen on Retirement, and has contributed to U.S. News and World Report, Reuters, Wall Street Journal’s Market Watch, Yahoo Finance, and other publications. Based in Overland Park, Kansas, Bill and his team work with clients throughout the greater Kansas City area and across the nation. To learn more, connect with him on LinkedIn or visit www.keenwealthadvisors.com.
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