Just wanted clients and friends to know that, while the US stock market is down about 2 3/4% at 2:30 Central Time today, our client portfolios have only dipped about 1/2 %.
Part of this is due to the diversification of the model and part is due to my decision a week ago to take some profits and reduce risk in stocks and real estate.
The timing turned out to be pretty good.
Until worries about the coronavirus’ effect on the global supply chains and the human impact begin to subside, this crash could continue.
I’ll keep everyone posted.