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Uncertain Times - The ADA & Us

Uncertain Times - The ADA & Us

March 18, 2020
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To our concerned practitioners:

The ADA is regularly updating their website with best practices surrounding the continued threat of the Coronavirus and associated best practices.  The following link will hopefully provide some guidance.  ADA Coronavirus Resource Center for Dentists

As financial planners, we have the ability to work with our clients through these uncertain times and determine how to financially prepare ourselves.  During times of extremes we often feel the need to react and often times these reactions are fueled with emotion.  Rash and emotional decisions may not always be the most prudent.  Below are a few strategies we are advising our clients to consider...

  • Managing practice and personal debt
  • Asking for practice loan deferment
  • Dollar cost averaging - taking advantage of market volatility 
  • Managing emotional decisions 
  • Paying attention to proposed legislation

Please feel welcomed to leverage us as a resource.

-Ryan & Brian

 

Waddell & Reed, NaviPath Financial and the ADA are unaffiliated entities. 

This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. The information presented does not constitute a solicitation for the purchase or sale of any security and is not a recommendation of any kind. Please consult your financial advisor before making financial decisions.

Dollar cost averaging does not ensure a profit nor guarantee against loss. Investors should consider their financial ability to continue their purchases through periods of low price levels.  Investing involves risk, including the potential loss of principal. 

03/20