Keener Financial Planning

Keener Financial Planning is a Fee only Certified Financial Planner in Dallas, Ft. Worth, and Keller, TX. Call us to schedule today at (817) 993-0401.

817-993-0401 | [email protected]

  • About Us
    • Our Company
    • Our Services
    • Our Process
    • Meet our Team
    • Affiliations
    • Fee Schedule
    • Disclosure
  • Financial Planning
    • Planner Interview Questions
    • How Planners Are Paid
  • Resources
    • Client Log-In
    • Forms
  • Blog
  • Contact Us

Concerns About the Market

February 28, 2020 By Jean Keener, CFP, CRPC

We sent this email out to clients and friends of Keener Financial Planning today.

Keener Financial PlanningWe’ve all been hearing a lot about the coronavirus.  Many stock market investors have reacted by selling stock holdings.  As of this writing (around noon February 28), the S&P 500* is down about 13% from its high on February 19.  The drop has been really fast.

You may find it helpful to observe that this correction has so far only taken us back to where we were in October last year.  In October, we were pretty happy with our year-to-date returns, and we were on track for a 30%+ return in the S&P 500 for 2019.  But now, the same market level feels quite different because of the context surrounding it.

We certainly don’t enjoy seeing so much of our account values erased in just a couple of weeks.  However, as long-term investors, we know that this type of volatility is something we need to tolerate to benefit from the long-term growth of the investment markets.  Volatility like this is also the primary reason we recommend keeping money to be spent from the portfolio in the next few years in cash — so that we can allow stocks time to recover without selling while they’re down.

Our advice in this situation is the same as it is whenever we experience volatility: stay the course.  Maintain your target percentages in stocks and bonds.  If you’re one of our retainer clients, we’re maintaining your regular monitoring schedule to keep your portfolio within tolerance ranges.  If you maintain your portfolio on your own and haven’t rebalanced in awhile, it might be a good idea to take a look at your allocation to see if rebalancing is necessary.   Otherwise, there’s nothing you need to do.

If you have any questions on the markets or your financial plan, please feel free to give any of us a call at 817-993-0401.

Certified Financial Planner professionals

*Source for investment returns is Morningstar as of Friday February 28, 2020.  S&P 500 TR USD for the S&P 500. 

Filed Under: Investing, News, Your Finances Tagged With: Investing

Free E-Newsletter

Sign up to receive free financial planning email updates. We'll never sell your address or spam you.

Latest from Facebook

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Keener Financial Planning
6 hours ago
Keener Financial Planning

Just a heads up...We will be closed tomorrow, Friday, December 8th, for our annual team building day. We are excited to set goals and strengthen our teamwork, ensuring the best service for all our amazing clients. ... See MoreSee Less

Just a heads up...We will be closed tomorrow, Friday, December 8th, for our annual team building day. We are excited to set goals and strengthen our teamwork, ensuring the best service for all our amazing clients.
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Keener Financial Planning
2 days ago
Keener Financial Planning

Another helpful reminder that we don't have to predict the timing of recessions to be successful long-term investors! ... See MoreSee Less

Link thumbnail

Long-Term Investors, Don’t Let a Recession Faze You | Dimensional

www.dimensional.com

In the past century, there have been 15 recessions in the US. In 11 of them, stock returns were positive two years after the recession began.
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Keener Financial Planning
5 days ago
Keener Financial Planning

Our quick reference for 2024 financial planning figures is now available -- it includes the 401k, IRA, and HSA contribution maximums and more! ... See MoreSee Less

Link thumbnail

2024 Key Financial Planning Numbers - Keener Financial Planning

keenerfinancial.com

Here’s a quick-reference sheet for some of the 2024 key financial planning numbers. It includes tax brackets, retirement plan contribution maximums, education credits, estate tax exemptions, HSA and...
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Load more

Discuss if we’re a good fit for you

Contact Us

Main Office:

1692 Keller Parkway
Keller, TX 76248

Ph: 817-993-0401
Fax: 817-993-0002

Satellite Office:

2626 Cole Avenue, 3rd floor
Dallas, TX 75201

  • Email
  • Facebook
  • LinkedIn
  • Twitter

FORM CRS RELATIONSHIP SUMMARY (ADV Part 3) · Copyright © 2023 Keener Financial · All Rights Reserved