ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Brian Perry
ABOUT Brian

Brian has been actively involved in the financial markets for more than 20 years, and has worked as a portfolio manager, strategist, and trader. At Pure Financial Advisors, Brian uses his extensive investment background and focus on behavioral finance to help clients navigate turbulent markets and stay on course towards their financial goals. Prior to [...]

Market update, commentary and client questions from Tuesday, March 24, 2020 with Joe Anderson, CFP®, President of Pure Financial Advisors, and Pure’s Executive Vice President and Director of Research, Brian Perry, CFP®, CFA.

Download Brian Perry’s full slide presentation.

00:00 – Introduction

01:24 – Pure’s latest actions regarding COVID-19: protecting the health and safety of our employees and clients

03:12 – what’s changed in the market in the past week

05:10 – how financial markets have rewarded discipline, 1970-2017

06:29 – interest rate volatility in the bond market

07:38 – credit spreads widen in the bond market

09:31 – 2020 is not 2008: comparing the differences

13:13 – summary of government response to market downturn: federal response and fiscal response, stimulus package proposals

15:34 – financial planning opportunities

21:08 – investment portfolio planning opportunities

27:45 – contact your advisor if you have any further questions

Attendee Questions:

28:21 – At what point would Pure go to cash if markets crash completely?

30:08 – High yield bond funds are down 15%. Is it too late to sell? Will they come back?

32:20 – What’s the timeframe for doing a Roth conversion?

33:30 – We have a HUGE carry forward. Why should we continue tax-loss harvesting?

35:20 – How long will it take to get us back to where we were before?

36:41 – Is there any impact on portfolios from the Canadian dollar fluctuations?

38:09 – Are there any sector allocation changes you’re contemplating?

39:12 – How often does Pure Financial rebalance portfolios?

40:03 – What do you think of precious metals?

41:20 – Can clients receive notifications when their portfolios are rebalanced?

43:40 – Assuming a pandemic happens again, what will Pure change?

44:45 – Should we refinance our mortgage or just pay more in principal?

45:35 – Our portfolio is 60% equities, should we go higher?

46:26 – Where would you put $250,000 now?

47:00 – Tax-loss harvesting follow up

47:47 – Should I take distributions from my HELOC instead of my portfolio?

49:06 – Wrap up

*Additional questions received during the webinar were answered in the Your Money, Your Wealth® podcast on Tuesday, March 31, 2020.

Watch the previous market update webinar (March 17, 2020).

Subscribe to our YouTube channel.

 

IMPORTANT DISCLOSURES:

Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.

Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.