For most people who have a long-term outlook and a properly diversified portfolio, there's really no reason to liquidate right now. In fact, doing so can cause more harm than good. So, before you make any drastic decisions, you need to ask yourself the following four questions:

  1. Is my portfolio properly diversified? We build portfolios featuring 16 or 18 different asset classes and market sectors, designed to match each client’s risk tolerance and long-term goals. Can you say that about your portfolio?
  2. Do I have ample cash reserves? We recommend our clients have at least six – and preferably 12 – months of spending in money market funds or bank accounts. Do you have the cash you need to continue paying your bills for a year without having to liquidate your long-term investments?
  3. Do I still have a long-term outlook? Your outlook is long-term if you expect to live another 5, 10, 20, 30 years or more and are planning to leave your money untouched for that period.
  4. Are my circumstances unchanged? Are you fortunate enough to still be working and earning a paycheck, with the same health and family circumstances as before the crisis started?

If you can say yes to all four of these questions, there’s no reason to make any changes to your investment portfolio at this time.

But if you can’t say yes to all four questions, you need to talk to your financial planner right now.

And if you don’t have a planner, or if you’re not happy with the one you have, call us. We're here for you.