Gary Scheer is one of the leading financial advisors in the industry today. Years like 2020 are the years where financial advisors truly earn their pay. The Covid-19 pandemic has been unspeakably tragic, and it has brought an 11-year run of a bull market to a screeching halt. Gary Scheer believes panic in the financial sector often leads to opportunity, but it is important that people are aware of how to identify and act on those opportunities. While panic may be setting in for investors, it’s important to consider the history and what weathering the storm may mean for a financial future.
Fear during a financial crisis is reasonable, but history has shown that Americans are able to persevere. Those with the ability to invest more when others are fearful can take advantage of incredible opportunities. Gary Scheer weighs the risks and rewards with his clients as not everyone is fortunate enough to have the ability to invest during a recession. However, when you look at some of the most successful investors in the world, you can see that they all invest more when the market is experiencing declines. The market has bounced back from wars, SARS, AIDS, EBOLA, and more. The months ahead won’t be easy, but history dictates that a bull market will return down the road.
Gary Scheer fully believes that multiple bear markets will appear down the road as well. When people suffer through these periods, the media portrays a financial world in peril. However, history dictates that these occurrences are common. Over time, the market has always found a way back to a strong position. By embracing the price points available on stocks during bull markets, investors can set themselves and their families up for long term success.
Gary Scheer encourages his clients to look at market corrections as natural. While the reason behind each correction can be anything but normal, history dictates that these events will happen. Panic selling should be the last thing anyone who hopes to obtain financial freedom should be doing right now. Instead, investors should look at stocks that are here for the long haul but are currently sitting at a price much lower than the norm. Uncertain times are when investors should be almost certain that they should discuss the best opportunities with their financial advisor.
Are you interested in learning more about the best investment opportunities available during the Covid-19 pandemic? Gary Scheer can help.