ODCM Video Meetings and Quarterly News

Jared Troutman |

 

 Try a video meeting!

ODCM financial planners are happy to host your next review via a Zoom meeting.  You will receive clear instructions on how to join the meeting via your laptop, tablet, or smart phone.  The planners can share their screen, their video stream, and also let you share your screen as needed throughout the meeting.  Save a trip to the office while still receiving routine financial planning checkups!
 

A different kind of March madness…
 

This year, March brings us a new kind of madness – the human Corona virus, a State of Emergency and an incredibly volatile stock market.  Instead of filling out brackets, playing hooky to watch basketball games and participating in NCAA tournament pools,  we are learning how a pandemic works, which is uncharted territory for most of us.

We  have learned that pandemics are frightening and cause many postponements and cancellations.  We know that large crowds are not a good idea, nor is a lot of travel.

We know that company stock prices and the stock market in general can be affected by world events such as war and civil unrest, natural disasters, terrorism and now, pandemics. We know these influences can be direct and indirect, and they often occur in chain reactions. The social uncertainty and fear generated by the terrorist attacks on Sept. 11, 2001, affected markets directly as they caused many investors in the United States to trade less and to focus on stocks and bonds with less risk.  It is entirely possible that a pandemic could have a similar effect, but we really don’t know.

And we don’t know how long it will last, but there are reasons to believe that we will get through it, like we did Black Monday in 2007, the dot-com bubble in 1999, the terrorist attacks in 2001 and the housing crisis in 2008.

Supporting our clients has always been our top priority and we want to assure you that we have a Business Continuity Plan in place to protect us all from events – including the Corona virus - that can disrupt normal business functions.  We are following CDC guidelines to prevent the spread of the virus, including frequent and thorough hand-washing and we have the ability to work remotely if that becomes necessary.  We will continue to monitor the health situation and adjust our response as needed.

If you have questions about COVID-19, the Center for Disease Control (CDC) https://www.cdc.gov/, World Health Organization https://www.who.int/ and Virginia Department of Health (VDH) http://www.vdh.virginia.gov/coronavirus websites are good sources for accurate and up-to-date information.

 We will be closed for Memorial Day on May 25th and Good Friday on April 10.

 

 

RISKS AND OTHER IMPORTANT CONSIDERATIONS

Old Dominion Capital Management, Inc. (“ODCM”) is an SEC-registered investment adviser.  This document does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or service nor shall it be construed or relied upon as providing any type of investment, legal, tax or other advice.  Past performance is no guarantee of future results.

The views and opinions expressed here are for informational and educational purposes only as of the date of writing and may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not consider the specific objectives, financial situation, or needs of any specific person. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any period. Equity investments are subject to market risk or the risk that stocks will decline in response to such factors as adverse company news or industry developments or a general economic decline. Debt or fixed income securities are subject to market risk, credit risk, interest rate risk, call risk, tax risk, political and economic risk, and income risk. As interest rates rise, bond prices fall. Noninvestment-grade bonds involve heightened credit risk, liquidity risk, and potential for default. Foreign investing involves additional risks, including currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. These risks are magnified in emerging markets.

INDEX PERFORMANCE DISCLOSURES

No investor can invest directly into a passive index. Investors should be aware that you cannot achieve the returns shown because an actual account will incur operating and management expenses from its investment and possibly advisory, custodial and/or recordkeeping expenses.  The performance returns sampled here do not represent the impact that material economic and market factors might have on an investor’s decision making process if the investor were invested in the market.  The calculation of performance differs from actual account performance because the investment strategy may be adjusted by a client at any time for any reasons. The performance returns sampled here reflect the reinvestment of dividends and other distributions.  Third party sources collect the data from financial institutions and related types of entities that created the indices and publish the indices values periodically.  The third-party sources then calculate performance used in this document.  All data is believed to be reliable but is not independently verified by ODCM.

 

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