|Good afternoon Sir/Madam
The financial markets have fallen in the past week due to concerns about the spread of the Coronavirus. The Coronavirus is a serious situation in China and parts of the world, however a majority of the infected people have mild symptoms or recovered from the virus. The media coverage has been quite “sensationalised” over the past week which has caused panic with some investors.
I believe the financial markets will recover over the next 3-4 weeks after some very strong gains over the last 12 months. The New Zealand and Global Share markets had gained by 25% plus over the previous 12 month period up to 31 January 2020.
Please be patient, try not to worry and panic around the financial markets/media coverage as financial markets have historically recovered from these medical events.
We have also attached a good article from AMP Wealth Management regarding “What to do when markets fall?”. Please have a read of the article:
What to Do When Sharemarkets Fall …read more
You can also view this article on our website www.certusnz.co.nz and download a copy.
Please feel free to email or call Brendon or Chloe if you have any questions.
Mobile 027 271 7464
Mobile 027 523 1914
Certus Financial Group