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The Benedict Brief: April 2020

The Dreaded March Statement

As we are all painfully aware, this month has been an exceptionally difficult time in the investment markets and could go down as one of the worst months in stock market history.  The COVID-19 pandemic has continued to spread causing global economies around the world to literally shutdown in an effort to contain the virus.  In addition to the thousands of virus-related deaths, the economic impact is unprecedented and the uncertainty of it all has taken its toll on global investment markets.

The end of the month means your monthly investment account statement will soon arrive.  And, to put it bluntly, it will not be pretty.   Some clients have said they do not plan to look at their statements. We will not fault you for that decision.  But, in our experience, most clients feel like they HAVE to look.

So, the purpose of this Benedict Brief is to advise you on what you should focus on when you receive your statement and, more importantly, what not to panic over.

Read the full Benedict Brief here