Your investments and the impact of coronavirus

Your investments and the impact of coronavirus

Your investments and the impact of coronavirus 150 150 Piers Bolger

Over the last couple of weeks we’ve had a number of queries from clients regarding the security and safety of their wealth given the extent of the coronavirus or COVID-19.

When we think about the impact of the coronavirus, we see it as a cyclical phenomenon. It will have implications in the near term as it relates to corporate earnings as well as economic growth, but we don’t see it turning out to be significantly negative over the long term. We certainly don’t believe people should be panic selling or significantly changing their investment strategies at this time.

From our perspective, the most important thing you need to do when you’re thinking about building long term wealth is focusing on your strategy. So, at this time you should focus on what strategies you have in place and the objectives you’re trying to achieve from that strategy – whether it be income or capital growth.

However, if you’re feeling uncomfortable about your strategy or the way financial markets are impacting the performance of your investments, it’s important to speak to your advisor. They can help you understand the strategy that you’ve currently got in place at this point in time and, if you need, how to refine your strategy in order to help balance the risks so you can achieve your goals through the long term.

That’s what we’re doing from an investment point of view, and we continually do every day on your behalf.

Of course, if you are concerned or have any further queries, do speak to your advisor.

Piers Bolger is Chief Investment Officer at Viridian Advisory

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