Challenging Times Indeed

Greetings from your humble financial planner. While everything is still steady as she goes here at Ridgeview Financial Planning, we all sure have a lot to be concerned about these days. But as I trust is also the case for you, I have hope that before too long we’ll all be feeling a sense of normalcy and optimism again.

With all that’s going on out there in the world, and even in our hometown, it simply doesn’t feel right spending this week’s blog diving into planning and investing topics. I plan to be back next week with our regularly scheduled programming.

Until then, I wish you and yours the best during these challenging times.

If you’re interested in the meantime, here’s a link to a good article from Schwab’s Chief Investment Strategist, Liz Ann Sonders. Liz Ann touches on the market’s seeming disconnect with Main Street and provides a general outlook for stocks. I’d summarize as follows: The stock market is not the economy, so it often behaves differently. The stock market also doesn’t care very much about civil unrest or social issues unless and until it impacts corporate earnings. Stocks are a little overextended given how much prices have come up following their coronavirus lows in late-March. As I suggested recently, a short-term pullback should be expected.

https://www.schwab.com/resource-center/insights/content/disconnect-dots-main-street-vs-wall-street?cmp=em-QYD

Take care out there.

Have questions? Ask me. I can help.

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