The Prudent Retiree - What's Going On Part XI
The Covid-19 pandemic is an ongoing crisis we are individually and collectively dealing with. Reality, spin and finger pointing are sadly front and center now. Fortunately, there are committed medical professionals, scientists and businesses on the front lines working to treat and solve the problem. We are each trying to do our part to get to the other side. That is what truly matters, not the political ugliness.
During his tragically short Presidency, President Kennedy had to make life and death decisions in crisis moments. He succeeded and failed. The Bay of Pigs invasion of Cuba was a fiasco that harmed his administration. His resolve against the Soviet Union in the Cuban Missile Crisis that could have resulted in nuclear conflict kept Soviet atomic missiles out of Cuba. He knew both sides of a crisis.
We don’t know yet exactly how Coivd-19 will play out. That is frustrating. Some are beginning to protest and push back. Danger is present and so is opportunity.
Prudent Retiree’s job is to help you preserve your money and income during this time of uncertainty and volatility. There is risk, but we are focused on giving advice that will help you avoid a large loss from which you can’t recover. We listen to the market and follow our risk management process. As the reality of the virus seems to have improved, so too has the movement of the market. Surely there is more rough road ahead, but we continue to believe we have seen most of the worst. Prudent Retiree believes the wisest action for those invested is to maintain your allocations. We will inform you if our thinking changes.
That’s what’s going on.
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Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842 – www.horsemangroup.com
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