Broker Check

COVID-19 Updates and Information

To our valued clients:


Needless to say, we are experiencing a difficult situation in global markets due to the
spread of COVID-19 (coronavirus). We have had numerous conversations over the past
few years about market volatility and the end of the bull market. Although we did not
know when or why either would happen, we understood it was inevitable. Our financial
planning and investment management decisions were designed and followed to account
for these types of instances.


Our first concern is how the current market affects client plans. As we work through this
financial downturn, we continue to monitor each plan and focus on the long-term
prospect of the plan given the long-term nature of investing.


It is fairly common for stocks to enter bear market territory, defined as a cumulative drop
of 20% or more. Furthermore, market drops are often more fueled by the fears of a
recession rather than a recession itself. While there are certainly concerns that are eroding
investor confidence, we should not lose sight of potential positive catalysts and
countervailing forces to an otherwise nervous market. First and foremost, when stock
prices fall significantly, markets are not only pricing in bad news, but also providing an
attractive entry point for long-term investors. Second, markets have built in “shock
absorbers,” since short-term negative news can lead to longer-term positive outcomes.
For example, lower oil prices will eventually result in lower gas costs and more money in
the pockets of consumers.


In times like these, our natural inclination can be to sell. But we know this difficult
environment—while scary for all of us—is temporary. History has taught us that rampant
volatility creates opportunities—we experienced this in 2008, 2011, 2016, and most
recently, in December 2018. When market prices disconnect from underlying
fundamentals, invariably the best decision for long term investors has been to stay the
course.


Envisioning positive news at this time can be difficult, however there will be
opportunities created. From lower valuations on attractive assets, to lower costs for
consumer products and a pent-up consumer demand for spending along with more
savings available from reductions in spending over this period, we believe we may look
back at this as a unique opportunity. You may recall it was hard to see green shoots in
2008, when few could envision the emergence of a positive market coming out of the
financial crisis. Those who sell in a market storm rarely notice when the storm clouds
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice
offered through New England Capital Planners,
Inc., a registered investment advisor and separate entity from LPL Financial
begin to lift. And, as investors, missing those stock market rebounds is perhaps the
biggest risk to achieving our long-term goals.


We don’t know exactly when this market will find a bottom and reverse course. Markets
are facing a crisis of confidence. But, our confidence in the long-term fundamentals and
prospects for the US economy and corporate America is unwavering. We will get through
this. We believe that patience will be rewarded.


In addition to the financial impact, this event has all of us focused on the safety and
health of our families, friends, and clients. Please note we’ve taken steps to minimize
any potential impact to our clients and to maximize our efforts to keep our team and
clients safe.


We want to assure all of you that we have a Business Continuity Plan in place to
minimize any possible disruption to our firm and our ability to service our clients. We are
prepared to continue the high level of service you expect from us.
We love seeing all of you in the office, however we understand if under the current
circumstances, you would prefer to have any upcoming appointments conducted over the
phone instead. Please just let us know.


If you have any questions or concerns, please do not hesitate to reach out.
We wish everyone good health as we all work to get through this challenging time.


Sincerely,


Tony DiSorbo


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Important Information 
This material is for general information only and is not intended to provide specific advice or recommendations for any
individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield
positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may
not develop as predicted and are subject to change.
References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are
unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the
performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is
historical and is no guarantee of future results.
All data is provided as of March 21, 2020.
This Research material was prepared by LPL Financial, LLC and NECP, Inc. All information is believed to be from
reliable sources; however, LPL Financial and NECP, Inc. make no representation as to its completeness or accuracy.