3 Lessons From The Covid Recession

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Lessons from the Covid recession: Via ForbesAdvisor

Given the past 18 months didn’t play out as many predicted, it’s likely the following 18 months aren’t going to either. Therefore it’s worthwhile to reflect on

The political airways were atwitter with a throng of candidates vying for the Democratic nomination for the presidency, each doing whatever they could to make themselves stand out. Part of that included differentiating themselves as much as possible from then-President Donald Trump, who had just been impeached by the Democratically-led House of Representatives. Republicans, though, controlled the Senate and were in no mood to compromise with the other chamber.

“It is important to stay disciplined and disengage emotionally as much as possible,” says David McInnis, a principal at East Paces Group, an investment management firm. “We tried to keep our clients composed so they wouldn’t make decisions based on short-term circumstances, but on what they need 10, 20, 30 years from now.”Part of the reason the air was so filled with fear when the recession began was the fresh memory of the Great Recession lingering in everyone’s collective conscience.

 

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