Previous | How to protect yourself against money mule scams Next | Watch out for unemployment scams
June 02, 2020 / The Merrill Anderson Company
Emergency Response in today's financial markets

Emergency Response in today's financial markets

There are no simple solutions in today’s financial markets.

We are in an unprecedented situation, with economic distress that we are struggling to understand. It really is different this time for the financial markets. We’ve seen breathtaking global market contraction and unprecedented government reactions, including extraordinary new federal spending. Uncertainty about the course of the pandemic hangs in the air over everything.

image related to article content“Don’t panic” may sound soothing, but it is not an investment plan. We can’t offer you a panacea for these circumstances, and you should beware of anyone who says that they can. Events may force fundamental changes in our global financial and supply chain infrastructure. The “new economy” will take time to develop. In the meantime, we invite you to work with us to ride out this financial storm.

We do have faith that the markets will, ultimately, stabilize again. We don’t know how long that will take, however. Whether you already have an account or trust with us, or that relationship is still in our future, we invite you to talk with us about your concerns. We are here for you.

Staying ready
We can’t know when stock prices will reach their low point, just as we can’t predict when the corner will be turned on the pandemic. But when that low point is reached, stocks may represent the investment opportunity of a lifetime. The Federal Reserve and governments at all levels will be working overtime to restore the economy. When they succeed, that will be reflected in the stock market indices.

Rapid trading — trying to get into and out of the market during periods of extreme volatility — may be hazardous to your wealth. A longer-term focus has a higher probability of success. In that regard, if you continue with a program of saving for your retirement, such as in a 401(k) plan, you will be purchasing more assets at lower cost.

Staying optimistic during a crisis such as a pandemic is hard; it is a test. But America has come through worse tests and lived to prosper.

The value of trusted advice
Today’s investors have more choices than ever for managing their investments, including doing it themselves. In the internet age, access to extensive information and sophisticated tools can make everyone feel like an expert.

But not everyone really is an expert.

If you would like to learn more about “fiduciary duties,” we will be pleased to meet with you at your convenience.

To get in touch with a member of our Investment & Trust Services Team - CLICK HERE


(April 2020)
©2020 M.A. Co. All rights reserved.

Recent Articles
How to spot elder financial abuse
How to spot elder financial abuse

How to spot elder financial abuse

July 09, 2020 / Ray Wills

Credit reports are now free once a week
Credit reports are now free once a week

Credit reports are now free once a week

July 02, 2020 / Ray Wills

Turned down for a bank account? This could be why
Turned down for a bank account? This could be why

Turned down for a bank account? This could be why

June 25, 2020 / Sarah Stansfield

The secret to avoiding secret shopper scams
The secret to avoiding secret shopper scams

The secret to avoiding secret shopper scams

June 22, 2020 / Ray Wills

How the CARES Act impacts student loans
How the CARES Act impacts student loans

How the CARES Act impacts student loans

June 18, 2020 / Shelby White

The U.S. is in turmoil, yet stocks are climbing
The U.S. is in turmoil, yet stocks are climbing

The U.S. is in turmoil, yet stocks are climbing

June 05, 2020 / Warren Hurt

Watch out for unemployment scams
Watch out for unemployment scams

Watch out for unemployment scams

June 05, 2020 / Ray Wills

How to protect yourself against money mule scams
How to protect yourself against money mule scams

How to protect yourself against money mule scams

May 22, 2020 / Ray Wills

Four tips for avoiding overdraft fees
Four tips for avoiding overdraft fees

Four tips for avoiding overdraft fees

May 14, 2020 / Sarah Stansfield

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.