Updates and News
At Kades-Margolis, we understand the concern and uncertainty you may be experiencing surrounding the spread of coronavirus (COVID-19). With news and information changing rapidly, we are all trying to keep up and adjust accordingly.
We remain firmly committed to you, our clients, and have taken the following steps in an effort to minimize disruption in our services.
- We have implemented a work from home policy in keeping with current directives, as well as for the concern and safety of our staff and clients.
- Your information remains in a secure and encrypted environment, as all of our employees have proper encryption and virus software enabled on the computers they are using to continue to support you.
- We have added a Special Messages from Kades-Margolis section to the 4kmc.com website which will be updated with the most relevant COVID-19 information we have, including any actions we will be taking.
- We have been working closely with our financial advisors to make sure they remain at your service.
- We have enabled all of our employees and advisors with the necessary technology tools to meet with individuals online.
Our Sales, Service and Operations teams remain fully available. Additionally, all of our various internet-based tools remain functional.
While we don’t anticipate any significant service disruptions as a result of current circumstances, we appreciate your trust as we all pull together through this extraordinary period.
Please keep yourself and your family safe and healthy.
Ed Margolis and everyone at Kades-Margolis
When we hear things like “the market has dropped,” or “the bottom has fallen out,” it’s hard not to worry. At Kades-Margolis, while we can’t predict the future, we can help you manage concerns by helping to explain what is happening now, and why.
First, please remember that retirement investing requires time, patience and a long term perspective. Here are a few thoughts regarding the economy and investing, relevant to where things are today.
There’s little doubt the coronavirus presents a challenge to the global economy. Already, we are seeing a coordinated response from healthcare organizations and federal agencies. On March 2, 2020, the Federal Reserve cut short-term interest rates by half a point, and the International Monetary Fund and G7 officials pledged to support economies impacted by the outbreak.
While significant market downturns can certainly be unsettling, it helps to view corrections and recessions from a wider perspective. This is the 7th correction the stock market has seen within the last ten years. You may remember late 2018, when the market benchmarks fell nearly 20% when the Federal Reserve continued to raise shorter-term interest rates as the U.S. economy strengthened.
In fact, if we widen our gaze further we can see that this is actually the 27th market correction since World War II. Past performance can’t predict future market results, but markets have historically managed through the process of price corrections.
Corrections remind us of a reality we don’t like to think about: stock prices can’t always go up. When prices drop, it can be tempting to give in to our emotions and react, but patience and caution may be warranted.
Your investment strategy has been created to reflect your time horizon, risk tolerance, and goals. As an investor, getting through a correction often means having the poise to accept short-term volatility.
We’ll be paying close attention to economic and market developments in the coming days and weeks. Please call or email us using the information on this website if you have any questions or concerns.