SEE WHAT WE'RE UP TO
Follow Our Socials
SEE WHAT WE'RE UP TO
Follow Our Socials
Keating & Associates, Inc.
300 Deschutes Way SW, Suite 106 · Tumwater, WA · 98501 · 360-943-2500
Securities offered through Raymond James Financial Services, Inc. member FINRA/SIPC.
Investment advisory services offered through Raymond James Financial Services Advisors, Inc. and Keating Financial Advisory Services. Keating & Associates and Keating Financial Advisory Services are not registered broker/dealers and are independent of Raymond James Financial Services, Inc.
Investment products are: Not deposits. Not FDIC or NCUA Insured. Not guaranteed by the financial institution. Subject to risk. May Lose Value.
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Please Click the links for the Privacy Notice and Form CRS for Keating Financial Advisory Services, Inc.
Raymond James Legal Disclosures. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.
“THIS time…”
Share This Post
“I bet you didn’t anticipate THIS!” I heard this from a few clients when Covid-19’s ramifications hit early in 2020, but it wasn’t the first time in my career I have heard that comment. I heard it after the tech bubble correction, again after “9-11”, and after just about every presidential elections, to list a few of the times I have heard “I bet you didn’t anticipate this”, often followed by “This time it’s different.”
Frankly, I did anticipate the tech bubble, just not its timing. As for the others, I didn’t know those
specific events would happen, but I didn’t need to. Here’s why: While the cause of major disruptions
almost by definition cannot be predicted, the consequences to the capital markets bear enough
similarities so as to be virtually predictable; at least predictable enough to minimize if not immunize
portfolios from significant permanent damage. Real (permanent) portfolio damage often occurs when
the investor was too greedy (i.e. concentration risk) prior to the disruption or reacted emotionally
after the disruption takes place.
2020 has indeed been…different, shall we say? But the volatility it brought to bear on the capital
markets mirrored volatility caused by previous crises. And like before, high quality, balanced
portfolios should weather this storm, too.
*Any opinions are those of Steven Gideon and not necessarily those of Raymond James. This material is being provided for informational purposes only and is not a complete description, nor is it a recommendation. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or a loss regardless of strategy selected. Prior to making an investment decision, please consult with your financial advisor about your individual situation.