Blakeslee & Blakeslee

March 17, 2020

To our valued clients at Blakeslee & Blakeslee:

Throughout our almost 50 years that we have served our clients here on the Central Coast, we’ve provided steady investment advice during good times and bad. Our most successful clients have been those with the discipline to neither over-react with “irrational exuberance” when markets are up, nor with fear and despair when the markets are down.

We’ve seen several domestic challenges during these years:  OPEC Oil Crises (1973 and 1979); the Savings and Loan Crisis (late 1980s); Black Monday (1987); Emerging Market’s Crisis (1998); the Dot-Com Bust (2000); September 11th (2001); the Great Recession (2007-2009); and now, the coronavirus crisis.  In each of these instances, some pundits argued that the world was, in effect, coming to an end as we know it. 

However, during each challenge, the fundamental long-term forces in the domestic and global economies overwhelmed the short-term bad news -- and the markets subsequently grew (often quite dramatically), rewarding those who invested for the long term.

So we ask our clients to reflect on these historic market challenges (and their subsequent market recoveries) in approaching today’s situation.  If you have questions about your portfolio or otherwise seek assistance, we are here for you – to set up a phone appointment, you may call us at 805/543-4366.