In the News: U.S. News & World Report and Financial Advisor

National Publications Seek Expertise of Texas-Based CFA Concerning the Uncertain Times Facing Investors

FOR IMMEDIATE RELEASE                                                                                  

Fort Worth, Texas, April 16, 2020 – The COVID-19 pandemic has sent the global economy spiraling downward. US markets have experienced the greatest losses since the Great Recession of 2008. Unemployment numbers are climbing rapidly  — 5.2 million more Americans filed unemployment last week, bringing the total number to around 22 million since mid-March — as more businesses across the nation are forced to lay off or furlough employees due to the nationwide shutdown. 

The volatility and uncertainty leaves investors questioning their next steps, wondering what — if anything — can be done to preserve their retirements and financial security. Is now the time to cash out, buy or sell?

National publications have called on Michelle Connell, CFA, President and Owner of Portia Capital Management, to share her expertise and advice with their readers. Connell was featured Tuesday, April 14 in an article on, U.S. News and World Report regarding whether or not investors should sell their mutual funds, or stay the course during the recession. 

“During the Great Recession, it took seventeen months for the S&P 500 to lose 57%. When the bottom occurred in March 2009, investors were worn out and scared of losing more. It wasn’t unusual for investors to cash out. However, within two years, the S&P 500 had recovered 85% of what it had lost.” Connell says in the article.

Connell urges investors to keep a long-term perspective and stay the course, selling only when life changes arise or when an “investor does not have enough funds to cover living expenses in a liquid and safe money market, or in a checking or savings account.” 

On the flip side, Connell also urges caution before investors and financial advisors “load the boat.” In an article published April 8, 2020 in the Financial Advisor publication, Connell suggests investors keep an eye on three key factors: unemployment numbers, credit markets and valuations. 

Investors and money managers across the globe face uncertain economic times, but cooler heads must prevail. Before making an emotional decision to buy or sell, investors are wise to seek the advice of an experienced financial advisor. 

About Michelle Connell, CFA
Ms. Connell is the only female Chartered Financial Analyst (CFA) to own a registered investment management firm in North Texas. The CFA designation is considered the highest designation in the investment management profession, and fewer than three percent of all CFAs in Texas are women. In addition to running her firm, Portia-Capital Management, Ms. Connell serves as an adjunct professor at The University of Texas, instructing CFA candidates through the CFA DFW Society. 

About Portia Capital Management
The mission of Portia Capital Management is to build a trusted relationship with every PCM client and reach an understanding of their family’s or organization’s goals and needs. PCM develops a strategic plan for each client that preserves their legacy and empowers them with a customized portfolio while educating clients on the dynamics of the investment markets and helping them become confident of their futures.

Learn more about Portia Capital Management at www.portia-capital.com

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