Dear Readers:

We totally called it! At the beginning of the year, we made our prediction:
 

"...in 2020 the market will do something."

Well, I think we can all agree that the market is, indeed, doing something. It's doing a whole lot of something. We don't know how it's all going to shake out, but with market volatility comes opportunity, so here are the two things we're talking about with clients:

1. Ramping up investment contributions. It's never a bad time to invest, but when stocks are on sale, it's an even better time to buy! If you are looking to the long term, a market correction is a buying opportunity. You can only buy so much toilet paper, anyway.

2. Tax loss harvesting. If we see a lot of losses in your portfolio, it's time to tax loss harvest! What does that mean? If an investment crashes below its cost basis, we can sell it for a loss and buy a different investment that is similar to the first one. This gives you a deduction on your taxes while still keeping you invested in a portfolio very close to your original.

We'll always talk with you before making changes in your portfolio, but let us know if you have any questions about these strategies or how they may apply to you.

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