Updated: Jun 3, 2020
Given the recent volume of calls we have received on clients wanting to time/purchase into the market, The Steele Group reviews in this video what a recovery can look like:
Looking back at 2008, we can learn a lot about what recoveries can look like. It is important to remember that no one knows when the market has hit the bottom. It’s important to remember the recovery after the 2008 financial crisis was not a straight line back up; it’s choppy and takes time for a recovery to materialize.
No manager can predict a bottom and each recovery can vary over time, what we do know is that dollar cost averaging is a time-tested method for re-allocating assets or purchasing during market volatility.
Please do not hesitate to reach out to Cliff, Mario, or Mark for assistance and know that we continue to be available to address any questions you may have.