During times of concern or turmoil we turn to our trusted advisors. This morning I reached out to my financial advisor David Ferryman who is a Senior Financial Planner at TD Wealth Financial Planning. Not only did he get back to me right away, but he also gave some great insight and advice on the impacts of the current outbreak on the economy and stock market.
His comments were "This is temporary—it will recover. The market is reacting with wild gyrations because of a real lack of sold information. It has already priced in a massive amount of negative economic data to come—and it might have priced in a much worse-case scenario than what actually unfolds (clearly, there is very negative short term data to come…this goes without saying)."
He also shared with me a great read with lots of detailed information on the situation, which I felt was worth sharing:
As a trusted advisor in real estate, I am here to help you if you have any questions about the real estate market in Whistler or Pemberton.