My forecast for the future

[Lesley Resnick]

First and foremost, be safe and take care of your family's health.

SO, here is how I see it. This is a lousy time. It will end, "WE" collectively will survive and overcome this, "WE" always have. It seems like every decade or there is a shakeout. I may be aging myself, but I can identify 4 events. Fuel crisis in the 70s, stock market crash in '87, 9/11, great recession 2008. Regrettably, they are all different and were sudden in nature. We will see multiple type of crisis' again in our lifetime.  You don't have to like it, but you can not be surprised when it comes.  Stay positive and focused on the things you can control.

This is a health problem that is creating a financial one.  Fix the health problem and we are heading back up the ladder.  My crystal ball's batteries are low and I can not tell when it will end, only that it will.

This is not a crisis, it is a moment of untold opportunity.

Fear is ruling the day and it leads to poor or no decision making.

My Advice:

If you are in a secure financial place and have cash, YOU MUST WATCH THE RE MARKET CLOSELY and be ready to make a decision and buy when the right deal comes along.  This is no time for fear!  This is the time for BOLD and decisive actions.  You will look back on this moment and say what was I thinking?  I should have bought.... 

If you are financially vulnerable, Survive.  Do not put your head in the sand and wait it out.  Take action, there are many programs from the government as well as lenders that can help you. What you do now will allow you the opportunity to build the portfolio you deserve after this mess is sorted out.  You will need to be financially up right after this period. 

 DO NOT LET YOUR CREDIT SCORE DROP DURING THIS TIME, you will need it.

I am personally watching the market and have been seeing amazing deals.  I am waiting for my pitch and I am going to hit it out of the park.

Forecast FROM Jacksonville Florida - SUNNY & WARM, CLEAR SKYS AHEAD!

[Jay Hinrichs]

Originally posted by @Lesley Resnick:

Originally posted by @Shiva Bhaskar:

Agree with you Lesley! I"m an older millennial (born 1983) so I can only remember two of those four (9/11 and 2008). However, both (esp 08), as horrible as they were, certainly meant opportunities for people who took advantage. I think we're in a bit of uncharted territory in that this is a health-based crisis (the others weren't), but I firmly believe we'll bounce back from this in the medium to long run. The next 12 to 18 months, however, could be very rough for many investors (and the public as a whole). Agree with you 100% regarding credit scores! 

Not to dampen spirits, but Florida is now on lock down as of tomorrow.  The governor can no longer resist the pressure.  

What do you think the generational fall out will be?  This is going to be a defining moment for many young people.  For example, my grandmother was a depression baby.  At no time did she have less than 10 jars (glass) of mayonnaise, mustard caned tuna and so on.  She had a pantry that was half the size of her basement.  She would tell you that she was prepared for a food shortage.  

Does the pandemic create a generation of germ-a-probes?  Does social distancing and not touching others (handshake fist bump) as a greeting become the norm?  

Nope the Japanese had it correct all these centuries  a polite bow will do.. no touching.