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We provide a comprehensive view of your financial life and all the factors that go into life planning. What this means to you is help with personal decision making and putting a date on things. We help you manage your finances and investments, while taking into consideration tax planning, professional moves, children, retirement, healthcare and other important priorities. It’s about life planning and gaining more comfort with your long-term financial security.

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Market Update, March 23, 2020
Posted By:  Dave Wilder CFP®, CTFA, MST, AIF®, CEPA
Monday, March 23, 2020

Market Update, March 23, 2020

In these moments, our most important job at Total Wealth Planning is to ensure our clients continue on the appropriate course with their investments. Doing so will help to ensure that goals such as continuing to meet current living expenses, retirement and college savings, wedding plans, and others are kept on track. By continuing to stay disciplined and by maintaining the investment approach we have structured, the chances of attaining these goals will go up dramatically. Those who do not continue will likely need to delay their goals for years, if not longer.

This may be the most important email you receive from Total Wealth Planning. Forecasts suggest COVID-19 and the resulting economic impact could get worse before it gets better. As challenging as these times are, however, this is also the most critical time to maintain the current structure of your investment portfolio. The investors who are most likely to see their portfolio values fully restored within a reasonable period of time will be those that can continue to maintain the discipline of holding on to their current investments, and not sell. Without a doubt, there will be many investors who cave in to the pressure and will sell at the worst possible time. These investors will most likely not participate in the recovery when it occurs and they will be the collateral damage of this market decline.

There are examples in history where markets have experienced dramatic declines, from which we can draw useful comparisons. One of the most severe was in the year 2000, when the NASDAQ index (an index comprised mostly of technology stocks) dropped a whopping 76.81% from its high on March 10, 2000 until it hit bottom on October 4, 2002. It took over a decade for that index to recover. Again in 2008, most major stock market indexes dropped 50-60% in value and took 6-8 years to fully recover. By comparison, an appropriately diversified portfolio was able to recover in both of those circumstances within a year or two. Importantly, in the meantime, the underlying investments generated the necessary income for retired investors while allowing for resilient growth for investors who were trying to meet other savings goals.

Although we had no way to foresee this decline, we were prepared for this type of market event. While other investors often focus on generating the highest rates of return, we continuously strive to provide competitive returns while focusing on mitigating risks. For this reason, we consistently maintain a significant weighting to the bond asset class. Most important, we have always focused these holdings in low risk, short-term, high quality bonds. The result is that these holdings help to mitigate volatility that would otherwise be experienced. Furthermore, with bonds providing stability to the portfolio, there will be no need for our clients to tap into their stock investments for several years. The end result, just like in 2000-2002, as well as in 2008-2009, portfolios will be restored much more quickly than they would otherwise.

Understandably, it would be much more comforting if we knew when the markets would rebound. With measures underway by the government to stimulate the economy, along with multiple efforts by scientists to find a way to reduce or eliminate the impact of the virus, it is possible that we are at the cusp of a recovery. However, the uncertainty may continue for a while longer. We have no way of knowing how quickly and how significantly these measures may help to improve things. We know attempting to time the markets is always futile and has consistently proven to be a fool’s errand. A recovery will happen at some point, though, and when it begins, it will likely happen quickly and dramatically. Looking back over the last few weeks, anyone who may have suggested that markets would fall to these levels this quickly would have sounded delusional, especially since the economy had been experiencing tremendous strength. A decline has nonetheless occurred. It bears repeating, investors who do not stay the course will mostly likely not participate in the recovery when it occurs and they will be the collateral damage of this market decline.

We have your best interests at heart in order to keep your financial health in order. We ask that you keep yourself and your loved ones safe and in good personal health during this time.

If you are not a client of Total Wealth Planning, and you would like additional information about our firm, please do not hesitate to contact us.

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    • 04/08/2021 - Quarter 1, 2021 Market Review
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    • 10/29/2018 - Perspective on Recent Market V
    • 10/08/2018 - Quarter 3, 2018 Market Review
    • 08/08/2018 - E+R=O, your reactions determin
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    • 03/26/2018 - Another Tariff, Another Downtu
    • 02/07/2018 - Professor Jeremy Siegel @ Xavi
    • 01/05/2018 - Quarter 4, 2017 Market Review
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    • 07/14/2017 - What is Value Style investing,
    • 07/10/2017 - Quarter 2, 2017 Market Review
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    • 01/05/2017 - Quarter 4, 2016 Market Review
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Our investment management process is focused on helping you maintain financial stability, preventing mistakes and accomplishing your investment objectives. We don’t just focus on market performance or predictions. We focus on what performance means and how it impacts your long-term goals. It starts with returns, but it is about making life decisions. Working together, you gain a degree of confidence when uncertain times come.

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We help you determine how long to work and when to retire to continue your lifestyle. We analyze when and how to take money from your portfolio to replace your paycheck, with an eye on tax efficiency, spending, healthcare and social security maximization. We address the primary concern of having your money last for the rest of your life.

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Our comprehensive planning focuses on real life. It’s putting a date to your goals and steering your life based on analysis, giving you choices and alternatives. You gain the ability to see how reachable your goals are. It starts with getting to know you and the way you want things done to fulfill your needs. We take into consideration your family and all the secondary factors that go into a comprehensive financial plan.

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Total Wealth Planning’s team of Certified Financial Planners® are here to listen to you and your questions. We never want you to feel rushed. The real benefit is having a road map to help ensure the key elements of your financial life are in order.

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4665 Cornell Rd. Suite 160, Cincinnati, OH 45241 4665 Cornell Rd. Suite 160, Cincinnati, OH 45241
513-984-6696 513-984-6696
Rob Lemmons and Dave Wilder, Getting Retirement Right, to be aired on Channel 12 and Channel 64!
Monday, April 12, 2021


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