The Big Picture – Volatility Accompanies COVID-19 Pandemic
In this latest issue of The Big Picture, Richard Wylie addresses the turbulence of the markets due to the recent COVID-19 pandemic. Not only are investors concerned about the impact the pandemic is having on their portfolios, there is the overriding concern over the health of themselves and their families.
Richard states that the eventual spread of COVID-19 and the subsequent shuttering of North America’s economies have been accompanied by record levels of volatility and the fastest-ever onset of equity bear markets in both Canada and the U.S.
However, while the current volatility has caused many to question their investment strategy, now is not the time to react emotionally. As Richard reminds us, this is the perfect time to sit down and have a discussion with our team about portfolio diversification and the need for regular rebalancing of your investments.