Little did I know that I would be experiencing the fourth major stock market correction of my career, right here, right now, in 2020. However, while it’s a roller coaster of world events and emotions, I am grateful to have the tools mentally and emotionally, as well as nearly three decades of experience, to assist my clients in navigating this storm.
1992 was the beginning of my career in wealth management, and a few short years later, I obtained my CFP certification. Prior to entering the industry, I experienced the notorious Black Monday of October 1997. As an advisor, I helped clients through the tech bubble from 2000 to 2002 and the financial industry meltdown from 2007 to 2009, and now, we are weathering COVID-19.
I entered the financial services industry because I wanted to have a positive impact on people’s lives.I find so much purpose in being able to help people maximize their finances so they can lead more fulfilled lives. Guiding men and women so they can see their financial goals and dreams realized is beyond rewarding.
In 1992, the stock market was in the beginning stages of a roaring bull market. It was not uncommon to have clients in a 90/10 or 80/20 allocation of equites/fixed income. In fact, the joke (that was actually somewhat serious) at the time was if clients were not earning at least 20% per year, we as advisors would get fired. Then reality set in as we entered 2000 with the tech bubble (aka “Tech Wreck”). The market proceeded to lose nearly 50% over the following two-year period.