Plan For Life Now

The last five days have certainly been an interesting time to be an investor in the stock market. After an initially muted reaction to the coronavirus reports, stocks are now down 13% from their high. In this special coronavirus podcast Dave and Steve discuss their thoughts and concerns going forward. Here are a few highlights: The market: While the market is down 13% from its high, the S+P 500 is still up around 6% over the past 12 months. It is certainly possible that things could get worse as the impact of the virus is felt in economies around the globe. It is even possible that the coronavirus could be the long awaited catalyst that tips the economy into a recession. That said, we have to remember that market declines and recessions are a normal part of investing. On average, a 10% market decline occurs every 10 months. A 20% market decline typically occurs every 3.5 years. It has been 11 years since the last decline of more than 20%. Changes we are making: We don’t believe anyone can accu