Anyone else feel like 2020 is not halfway over?

By Kyle Taylor

2020 has been one of the most exciting years in memory and we are just past the halfway mark! What could possibly happen in the next 6 months?

The first quarter was truly a “we have never seen this before” experience. It seemed to many that this time was different and could truly be the end. We dealt with one of the fastest market declines and recovery in our history. Covid-19 initiated a near shutdown of our economy and many lives have been permanently impacted.

I recall driving the I-4 corridor in late March and passing Disney, Universal and the Factory Outlet, where parking lots were all empty. It was surreal! The markets were moving up and down in swings of 6-8% per day and no one knew what tomorrow would bring. Our theme parks have just recently re-opened and it is going to be months before we see anything like our “old normal.”

Our advice to our clients during this period has remained consistent; build a long-term plan, match your portfolio to that plan and then hold the course. It has required a significant amount of handholding and confidence building, but we have made it so far. The old saying “Time in the market, not market timing” has worked for 2020. The strategy is not about Covid-19 or anything else that this year has brought, but rather over 90 years of experience and history.

We do not believe that the markets are on a straight path up by any stretch. It is our belief that we will have to deal with continued economic uncertainty and market volatility. There is an election around the corner and who knows what excitement that will bring.

What we are certain of is that a plan can and will help you make more prudent decisions in the most fearful times. We want you to know that we are here to walk with you through those times. As always, if you need to review the plan you have in place or know someone without a plan, please give us a call.

Kevin Taylor is a financial advisor located at Vaughn Wealth 1127 Edgewater Drive, Orlando, FL 32804. He offers securities and advisory services as a Registered Representative and Investment Adviser Representative of Commonwealth Financial Network ^® , Member FINRA/SIPC, a Registered Investment Adviser. He can be reached at 407-872-3888 or at Kevin@vaughnwealth.com.

Kyle Taylor is a financial advisor located at Vaughn Wealth 1127 Edgewater Drive, Orlando, FL 32804. He offers securities and advisory services as a Registered Representative and Investment Adviser Representative of Commonwealth Financial Network ^® , Member FINRA/SIPC, a Registered Investment Adviser. He can be reached at 407-872-3888 or at Kyle@vaughnwealth.com.

This communication strictly intended for individuals residing in the states of : AL,CA,CO,FL,GA,HI,KS,MO,NC,NY,OH,OR,SC,VA. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Investments are not FDIC- or NCUA-insured, are not guaranteed by a bank/financial institution, and are subject to risks, including possible loss of the principal invested. Securities and advisory services offered through Commonwealth Financial Network, ®Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency or Vaughn Wealth.