Broker Check
BUILD GROW PROTECT

Navigating Uncertain Times

Navigating Uncertain Times

Recent weeks have seen some extraordinary moves in the financial markets, as the world reacts to the spread of COVID-19. Please know that we are closely monitoring current news and economic reports, and we are committed to supporting you through this season. Feel free to contact us any time, for any reason. We are here to help.

Welcome to Phillips Financial Strategies | Capitol Hill, Washington, DC

Grappling with the Coronavirus

To Our Valued Clients,

In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic impact, and by the time we can, the volatility may have passed.

It’s important to remember that, in terms of market declines, the recent drop isn’t unprecedented. In fact, in the last six day-to-day declines of 3% or greater, the market rebounded higher a month later. Past performance is no indication of future returns, and it’s uncertain whether history is a good teacher in this instance.


Markets Have the Virus

Right now, markets are reacting to the news because the outcome is unknown. In a way, COVID-19 has “infected” markets all around the world. In times of market uncertainty, some traders believe the best approach is to sell. Fear is driving decisions. Nobody would blame you if this uncertainty gave you a bit of anxiety, as well.

Here to Support You

Remember, I am here to help you and your family during this time. Whatever decisions you make, please allow me to support you through them. Feel free to reach out to me with any questions or concerns.

around-dc-001_443x330

Meet Our Team

William A. Phillips isn’t just your financial services professional, he’s your neighbor right here on Capitol Hill.

Read More

pfs_financial_services_Young-couple-meeting-financial-advisor_443x330

Our Services

We can help integrate retirement planning into your overall financial plan, including investments and insurance.

Read More

PFS Wealth Management Home Image(1)

Wealth Management Tools

Accounts. Documents. Assets. Control everything about your financial life in one secure and convenient place.

Read More

'); }); Web Analytics