April 27, 2020
Compared to what so many people are going through, we are being mildly inconvenienced. I start each day with a moment of gratitude. Thank you! Between Zoom, GoToMeeting, Facebook Messenger, and FaceTime, we are able to stay in touch with our clients, staff, family, and friends. This past week I attended my high school reunion on Zoom. In some ways, I think we are doing a better job of staying in touch.
With the extra time on my hands, I have explored some of the digital reporting and analysis tools we have at our disposal. Instead of having to ask someone to produce a report for me, I can now get essential portfolio information in seconds. Our productivity continues to improve.
You read in the papers how this crisis will drive the adoption of digital tools, well we are living it!
I believe we are now at the end of the beginning and are now entering the beginning of the end of this crisis. Many states including NY are now making plans to reopen. Of course, a setback is possible but I see a positive trend. The stock market seems like it is looking past this current crisis and assessing how 2021 will look. Our economic team supports this view. At the same time, the real economy will take longer to heal and put everyone back to work. It remains to be seen what will be the longer-term impact of our increased national debt.
Our daily routine is to review each and every Portfolio one at a time to assess:
* Cash Flow Requirements,
* Re-balancing Considerations,
* Dividend Strategies
* Tax-loss Harvesting Opportunities.
We are positioning for recovery and a return to growth in 2021. We’ll see you soon on GoToMeeting!
CEO, CFP® Wealth Preservation Solutions
Personal Family Office / 360 Wealth Management