Events in the world are unfolding at a rapid pace as leaders scramble to address the threat of COVID-19 and its impact on economies. The turmoil in markets matches the level of uncertainty in all aspects. How long the shutdown lasts is not known and will be a key determinant in how the eventual rebound looks on the other side. We are watching closely, gathering data and making plans on how to navigate what comes our way with regard to portfolios. There will be significant opportunities coming on the backside of this downturn.
We are open, not planning to close the office unless ordered to do so. We have the ability to stay in contact and operate remotely if necessary. Although the retail branches of Schwab and TD Ameritrade may be closed to walk-in traffic; so far, they are still operating. Task times are higher due to obvious stresses. As many of you already know, tax filings and payments have been pushed out 90 days until July 15. That includes quarterly payments for 2020. For details regarding your particular situation, check with your CPA. We are here to help if you need anything.
In a crisis situation, it is time to have poise and perspective. The many communications we have experienced with you only enforces our feeling that we work for GREAT people. You should all take a look in the mirror, and give yourselves a pat on the back for exhibiting that poise and perspective during this crisis.
Stay healthy and we will continue to update you as information pertinent to your investments develop.