Message from Sam Blakeslee, President - Blakeslee & Blakeslee Financial Advisers
March 24, 2020 Dear Valued Clients:
We know that the headlines and news stories of the last few weeks are producing genuine anxiety about risks to the health of loved ones, the economy, and the stock market. BBFA is not a newcomer to these sorts of challenging times, which occur every decade or so. Our reps have helped our clients get through several domestic crises including:
- OPEC Oil Crises (1973 and 1979);
- Savings and Loan Crisis (late 1980s);
- Black Monday (1987);
- Emerging Market’s Crisis (1998);
- Dot-Com Bust (2000);
- September 11th (2001); and
- Great Recession (2007-2009).
In each of these instances, some pundits and headlines suggested that the world was, in effect, coming to an end as we know it. In each of those cases the doomsayers were proven wrong.
Today we face a new crisis – the Coronavirus. As with all such prior difficulties, the duration and depth of the downturn is impossible to predict. Having said that, we also know that the same powerful long- term forces that have caused markets to ultimately recover and then grow still further are still intact and operating. Historically, the most successful clients have been those with the discipline to neither over-react with “irrational exuberance” when markets are up, nor with fear and despair when the markets are down.
Our entire Team is here working to assist you with any needs or question that may arise. To ensure that we are doing all that is necessary to protect our client’s health we are now emphasizing the use of phones and technology to service client needs. If we can be of any assistance we are here for you – to set up a phone appointment, please call us at 805/543-4366.
We encourage all our clients to be safe during this challenging time and to remember to focus on the health and wellbeing of friends and family. Our role is to do all in our power to help with the right investment advice and to that end we are here if you need anything.