A Message from BWC - February 6, 2018
Patience is Key in times of Market Volatility
In light of unprecedented volatility over the last three trading days, the team at BWC would like to remind our clients to stay patient and remain focused on the bigger picture. The stock market has not had a meaningful correction in over two years. Last year was a phenomenal year for returns in equities. Market declines are part of the economic cycle and it is natural and healthy throughout that cycle to have the froth come out of this market. The fundamentals remain in place. Earnings have been great, corporate tax rates have come down, and interest rates remain relatively low. A majority of the trading action appears to be computerized or Algorithmic trading. Violent pullbacks tend to lead to snap back rallies followed by a retest of the lows. The weeks and months ahead will see more volatility, but your long-term investment plans should remain in place. Remember, the most important piece of wisdom is Not to Panic. Realize that volatility is inevitable and does not last forever. Ignore the noise and stay focused on your goals. We, at BWC, are there to help you get through these challenging times. We can talk through your investment fears and concerns, as well as, review your current situation to see if your big picture has changed based on potential recent changes in your financial situation, the new tax laws and the current market volatility. Do not hesitate to reach out to us and we wish you continued investment success.
-the BWC team