In the early phase of the national economic shutdown sparked by the coronavirus, the stock market plummeted – and often roared back a few days later. For high net worth investors – and the finance professionals managing their money – they were turbulent times.
Christopher Lamia at Thousand Oaks-based Forum Financial Management said that because no investor of this generation had lived through a pandemic before, anxiety levels were heightened.
“When you combine that uncertainty with the pace of the decline, it caused a lot of emotional challenges for clients,” Lamia told the Business Journal.
Read the full story in the May 25 issue of the San Fernando Valley Business Journal.