6 reminders for clients about the COVID-19 downturn
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The bear market opportunity
The first step I am taking is to make sure that my clients have sufficient liquidity so that they are not forced to liquidate stock positions during a bear market. For clients who are fortunate enough to have a sizable cash position, a bear market can be a great opportunity to find quality investments selling at a steep discount.
As Warren Buffett stated: ‘Be fearful when others are greedy, and be greedy when others are fearful.’
Henry Luong Hoang, Bright Wealth Advisors