The recent severe downturn has brought a renewed sense of pessimism to our country and the world. The coronavirus fear is becoming widespread. How this will turn out is anyone’s guess. As many of you realize I believe the future is unpredictable. The equity markets are random and unpredictable. Now is not the time for panic selling.

Many have told me that ‘buy and hold’ is dead. My response is that ‘buy and hold’ should never have existed.  Rather we must ‘buy and rebalance’.  As long term investors we must ignore the media and remain diligent to our process and strategy.  We must ignore short term volatility and focus on our long-term goals. 

Over the coming weeks we will hear from the ‘gurus’ that ‘I told you so’…’you should have sold equities and bought gold (or whatever)’. 

There will always be predictions that come true, unfortunately we do not know which predictors are right going forward. Because when someone makes a correct prediction it is a matter of luck and not skill.

Our country is going through some tough times however I continue to believe in America and I always will.  We must stop pointing fingers and get back to work. The free markets will work we must give them the chance to work.

Continue on with our long term goals own equities…globally diversify…rebalance.