I think we’ve done a decent job of educating clients because the market is presently at an all-time high and I’m starting to hear more and more comments and questions from existing clients about economic recessions and market declines. I’m glad of that, and would rather have that conservative reaction than “let’s get more aggressive”, which is what most people in the world do when things are up (and then they do the opposite, “sell sell sell”, when things are way down).
As you well know, we can’t predict the top of the market nor the bottom, but we can (and do) stay diversified and rebalance regularly to our clients’ long-term investment objective, and encourage them to have enough cash to weather storms that will come up at some point in the future.
I saw a really good article a couple of months ago that addresses some of this, and it’s always a good reminder. Read it here.
Let us know if you have any questions about your situation!