Common Market Questions Answered

We’ve been receiving loads of great questions from our clients related to the current market status and what’s to come. Below is a list of the common questions that have come our way, with our responses. If you have additional questions, do not hesitate to contact us. Our team is available to you seven days a week.

 

How long do you think the market volatility could last?  

You never know about volatility but stay true to your risk tolerance and long-range plans.

 

Should I reach out to my financial planner during this time? I am sure he is swamped.

Absolutely. Your planner’s responsibility is to answer any questions and to be there to offer guidance.

 

My 401(k) account balance has dropped. How should I think about that right now to stay on track with my financial goals? 

Set up a call with your financial planner to make sure your entire strategy is balanced.

 

With so many people working from home, is the security of my account the same?

Yes, security measures are not affected by this situation.

 

I’m already in retirement and don’t have as much time for the market to recover. Should I rethink my financial plan? 

Maintain the plan, though make sure your essential expenses are covered by non-market investments.

 

Is the reporting of values still accurate?

Yes, although some mutual fund companies may be a little delayed at the end of the day, as mutual funds price after trading for the day.

 

As a reminder, the Trost Financial team is available to you from 6:30AM until 8:00PM PST seven days a week. Please do not hesitate to reach out for any reason. We are all here to support you. Here are phone numbers again in case you need them:

 

Greg Trost, Founder & President: 310-995-8215

Jim Watson, Vice President: 310-626-3200

Mike Mora, Client Relations Associate: 818-322-8928

Toni Kriley, Client Services Coordinator: 206-419-9011

 

We are very fortunate to have the opportunity to work with you. Please reach out at any time.

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