In light of the events of the last few days, we thought we would take a different tact this quarter and talk a little bit about how the events are impacting portfolios and what our outlook is. We fully expect that you may be uneasy, and our goal is to do our best to reinforce your peace of mind.
First, some perspective: markets are coming off an impressive two-year run of 20%+ returns and corrections of this magnitude tend to happen every 18 months on average. Some indigestion after such a strong period is normal for a well-functioning market. The tariffs are concerning and ultimately were the catalyst to this downturn, but how long and to what extent they are ultimately implemented could change.
It’s important to note the comprehensive nature of our management. We design portfolios with your long-term financial plan in mind and to ensure adequate diversification to weather volatile times such as these. Our team is focused on evaluating new changes based on the latest information and opportunities. Rest assured we are actively monitoring the current situation, and while fluid, we remain confident in the resilience of your portfolio. As always, we are grateful for your trust and remain focused on prudent management to help meet your family goals.