Coronavirus and My Investment Accounts


Manage episode 281760947 series 2851724
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Richard Oring's phone has been ringing off the hook with calls from clients panicked over the coronavirus and what effects it will have on their investment accounts. Today we cover some important things to remember.

When you set up your portfolio, you start with goals and what you need to achieve to get there. Once you have the plan in place, stick to the plan instead of letting your emotions get the best of you.

One of the most challenging parts of Richard's job is managing client expectations. He walks us through his process and the safeguards he uses with client accounts.

And finally, the three questions you should ask yourself:

  • Am I comfortable with the amount of money I have lost?
  • Have my goals changed since I started this account?
  • Is there liquidate assets from this account if I need to take out money which won’t result me from selling something in distress?

16 episoder