Skip to main content

Alloy Silverstein Financial Services, Inc.

 (856) 667-6228   info@asfinancialservices.com
  •  
  •  
  • Check us out on BrokerCheck

 

Alloy Silverstein Financial Services, Inc.

  • Home
  • About Us 
    • Our Values & Beliefs
    • Our Team
    • Our Clients
  • Services
    • Wealth Management
    • For Individuals & Business Owners
    • For Medical & Legal Professionals
    • For Professional Athletes
  • Resources
    • Blog
    • Newsletters
    • Tools & Calculators
    • Useful Websites
    • Avantax
  • Client Logins
  • Contact

    You are here

  1. Home
  2. Blogs
  3. Investing in the Wake of COVID-19

Investing in the Wake of COVID-19

Submitted by Alloy Silverstein Financial Services, Inc. on June 9th, 2020

By now, there’s a good chance that the recent market downturn resulting from the COVID-19 pandemic has left you questioning your investment strategy. But now that the sudden onset of this downturn has passed, it’s time to thoughtfully reevaluate your investing plans in the wake of COVID-19.

Don’t Panic

Before making plans to make any fresh investments, take heed of the immortal words on the front of the Hitchhiker’s Guide to the Galaxy – don’t panic. One of the biggest mistakes you can make at a time like this is to let your emotions get the best of you, leading you to further loses. There’s no doubt that we all want to take some action to counter the new bear market. But at times like this, remaining calm and focused on long-term investment goals can help you come out in the black.

Evaluate the Field

Now that you have your head in the right place, you can begin to reevaluate the investment field as it stands. Almost across the board, many major industries are struggling to remain profitable when their customers are out of a job and required by law to stay home. But therein lies a potential opportunity for you to make plans for a near-term investment. In other words, your first plan of action should include investments in businesses that are set to grow (or at least remain stable) during this downturn. 

At the same time, remember that volatility is the dish of the day.

Remember Keys to Investing in Bear Market

If you’ve been in the investment game for the past decade, then you likely picked up some experience during the last major bear market. Now would be a good time to put those learned lessons into practice. For example, while the uncertainty about COVID-19 continues, you should avoid trying to time the market.

Also, if you’re feeling a little skittish about the stock market, now might be a good time to invest in bonds. Generally speaking, they are less volatile and can help you establish a more consistent income during these trying times. Municipal bonds in particular can be productive at this time, given that their interest is often exempt from state and federal taxes.

This Too Shall Pass

In the end, it may bring peace to your mind to recall the old Persian adage, “this too shall pass.” Because inevitably, the stock market will recover, and you’ll have fresh opportunities to invest in due time. It isn’t clear how long it will take to get back to that normal status, however, especially as we stand in the midst of state-by-state shelter-in-place orders.

So, for now, the best actions you can take when investing in the wake of COVID-19 is to keep a level head and focus how you can make the best of a bad situation.

 

Ronald Donato Jr. CFP®, MBA​ may be reached at (856) 667-6228 or info@asfinancialservices.com.

 

Tags:
  • economy
  • investment
  • investment performance
  • investment planning
  • stock market

Book a Meeting

Tell a Friend

Looking to learn more?

Get in touch today

Contact Us

Additional Information

  • Sitemap
  • Legal, privacy, copyright and trademark information

Contact Us

Latest news

  • Who Won and What Could It Mean?
  • When Cash is King.... and When It Isn't
  • I Am Planning.... To Be Surprised

Avantax financial professionals may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

Securities offered through Avantax Investment Services SM, Member FINRA, SIPC.
Investment Advisory Services offered through Avantax Advisory Services SM.
Insurance services offered through an Avantax affiliated insurance agency.

The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth ManagementSM does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business.

This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

Content, links, and some material within this website may have been created by Advisor Websites for use by an Avantax affiliated representative. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth ManagementSM or its subsidiaries. Avantax Wealth Management is not responsible for and does not control, adopt, or endorse any content contained on any third-party website.

© 2021 Alloy Silverstein Financial Services. All rights reserved.

Website Design For Financial Services Professionals