17th May 2020
I hope that everyone is keeping safe and well.
The slight easing of the lockdown has lifted spirits in the Rylett household somewhat. We are now able to meet up with another person from outside of our household for the first time in months and just get out a bit more. Exciting stuff! I think this is extremely important for our sanity and mental health.
For us at Pilgrim, it is more of the same. The safety of our team and clients is paramount, so we will continue to work from home and we will only return to the office and offer face to face meetings when it is safe to do so.
There has been lots of talk about a recession this week and markets have been reacting to the news. We all know that the economy will suffer as a result of the crisis but what we don’t know is how deep it will be or for how long it will last.
As always, our advice is to maintain a long-term approach and not make any knee-jerk reactions. Your investment portfolio should be aligned with your objectives and if they haven’t changed, your portfolio shouldn’t change.
I wanted to share a couple of articles with you this week. The first, from me is a short note on being prepared for the unexpected. The second is from our friends at Vanguard about the nature of economic recoveries.
I hope that you find them of interest and as always, we welcome your feedback and if there is a particular topic you would like to hear from us on, please let me know.
If you have concerns or questions or would like to discuss your financial arrangements, please get in touch with your financial planner.
With best wishes
Pilgrim Financial Planning