One of the hardest aspects of this crisis is this social distancing required between you, us, friends, neighbors, colleagues, even our families!
We don’t know about you, but the photos of people trying to visit their loved ones through hospital windows just tears at our soul.
In difficult times, America’s greatest strength has come from pulling together – working shoulder to shoulder – to generate the ingenuity, resilience and tenacity that solves problems and creates opportunities.
We’ll overcome this crisis, too, we have no doubt. From six feet apart, if necessary.
But we have to stay connected…even as we socially isolate. That’s why you’ll be hearing regularly from us while this volatility lasts — by phone, email, online meetings, more phone calls… it’s critical we stay in touch. And you’ll find some valuable resources on both your health and the markets at our website, updated as events occur.
One thing we want you to remember as you watch the markets and the news: You have the strength and the intestinal fortitude to survive this market storm.
Because this is a market storm…a temporary event we have long prepared for by making smart, responsible decisions about allocating assets and diversifying holdings. We based your portfolio on Nobel prize-winning investment strategies that have protected investors for the last 60+ years, and they are protecting you now.
Given the strength of the economy before the health crisis, some experts believe a recovery could be fairly fast and strong. No one knows, of course, and we are monitoring the markets and your investments with extreme diligence to keep us well-positioned for positive days ahead.
Because prosperous days will come again. They always do. This time is no different.
Let us leave you with a story that illustrates how we view market downturns. You may have heard this before, but it perfectly explains our mission in managing your portfolio:
Years ago a farmer, whose fields stretched along the eastern seaboard, was looking for hired hands. It wasn’t easy to find help. People were reluctant to work on the Atlantic coast. They dreaded the regular raging storms that wreaked havoc on buildings and crops.
Interviewing applicants for the job, the farmer received a steady stream of refusals. Finally, a short, thin man, well past middle age, approached him. “Are you a good farmhand?” the farmer asked. “Well, I can sleep when the wind blows,” answered the little man. Although puzzled by this answer, the desperate farmer hired him.
The little man worked well around the farm, keeping himself busy from dawn to dusk, and the farmer was satisfied with his new hire. Then, late one night, the Atlantic wind began howling in from offshore. Jumping out of bed, the farmer grabbed a lantern and rushed next door to the hired hand’s sleeping quarters. He shook the little man, yelling, “Get up! A storm is coming! Tie things down before they blow away!” The little man rolled over in bed and said firmly, “No, sir. I told you, I can sleep when the wind blows.”
Enraged, the farmer was tempted to fire the old man on the spot. Instead, he hurried outside to prepare for the storm. To his amazement, he discovered that all of the haystacks had been covered with tarpaulins. The cows were in the barn, the chickens in their coops, the doors barred, the shutters tightly secured. Everything was tied down; nothing would blow away. The farmer returned to his bed, and the sound of the storm wind lulled him to sleep.
We would like to think that we are the hired hand who keeps you safe while the wind blows. We hope you think so, too, and if there is anything more we can do to “lull you to sleep,” please let me know.
We’ll be in touch soon. Let us hear from you!
Penn Investment Advisors, Inc.
Office: (800) 626-1027
Email: invest@pennadvisors.com
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Investment advisory services are offered through Penn Investment Advisors, Inc. , a Registered Investment Advisor. Penn Investment Advisors is a wholly owned subsidiary of Penn Community Bank (Bank). Penn Investment Advisors does not offer or provide legal or tax advice. Please consult your attorney and/or tax advisor for such services. The products offered by Penn Investment Advisors are not insured by the FDIC, the NCUA or any other agency of the government, are not deposits or other obligations of the Bank or guaranteed by the Bank and involve investment risks, including possible loss of principal amount invested.
NO BANK GUARANTEE | NOT A DEPOSIT | NOT FDIC INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | MAY LOSE VALUE