collage of business person with hand to chin and investment stock chart (Photo: Shutterstock)

As markets went haywire following the onset of COVID-19, many investors may have felt an overflow of emotions. The impact of the pandemic was worse than many could have imagined. Businesses closed, unemployment skyrocketed, and investors trying to prepare for retirement and long-term financial goals stood before a precipice.

The equity market’s recent run-up offered brief optimism, but the looming threat of a potential long-term recession or second wave of the pandemic means the horizon may still be full of risk. For advisors guiding clients through this storm, there may be a second chance to prepare portfolios, talk to clients about the risks ahead, and attempt to lay out a plan.

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