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COVID Vaccines and Long-Term Investing

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Erik Averill: LinkedIn

Brandon Averill: LinkedIn

Justin Dyer: LinkedIn

In this week’s episode, Erik Averill, Brandon Averill, and Justin Dyer discuss the biggest financial news of the past week and highlight the biggest takeaways you should know.

We begin by highlighting more hopeful news from last week – this time out of the UK, as they become the first country to approve a COVID-19 vaccination with it rolling out this week and through the end of the month. With additional vaccines expected to begin distribution around the world, a recent report showing a drop in unemployment, and continued conversations on a potential additional stimulus package in the US, the big question is: how does this impact portfolios in the short and long term?

Episode Highlights

• What the drop in unemployment claims misses in regards to the jobs report (1:17)
• Are economic stimulus packages good for the markets? (2:52)
• Deciding between two bad options? Control what you can control (4:22)
• “So I would summarize it really as remaining diversified, not trying to predict how the market's going to react to certain things like adding more stimulus over the long term. Because it truly is, like Brandon said, and we've said time and time again, a fool's errand.”
• “The core principles of having a successful investment experience is understanding the long-term nature of your investment strategy” (6:28)
• The importance of financial structure – understanding your priorities (7:52)
• Updating plans in real time as a long-term investor (9:50)
• The questions to ask about specific assert classes (10:30)
• “You have to invest in the markets as they are. You can’t invest in the markets as you want them to be.” (11:10)
• Liability matching (11:53)
• The most important question to be asking in the current economic climate (15:02)