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Market & Portfolio Review: 11-18-20

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Our Game Plan is Growth

As the prospects for an effective vaccine move closer to becoming a reality, it’s never been more important to maintain investment discipline and stay focused on companies that can deliver sustainable and healthy growth. While a vaccine can be effective at providing humans protection against a virus such as COVID-19, it will not provide investors any protection against companies that are poorly managed or suffering from long term decline. Stay focused on companies that can deliver sustainable market-beating growth regardless of the headline environment. 

The bottom line is that despite all the hoopla and excitement over a series of successful COVID-19 vaccine trials, we are not going to lose our investment discipline and buy poorly managed companies that have a history of destroying shareholder value. We remain focused on companies leading positive disruptive change that can deliver market-leading growth rates in a variety of economic environments. 

 In this week’s market update, we will focus on recent COVID-19 vaccine developments, what it means for the economy, its impact on asset prices over the short and long term, and most important, what it means for your money. Second, we will review the attributes we look for when identifying new investments and how to use these attributes to guide us through times of heightened market noise like we are experiencing today. Lastly, we will study the nature of the current market rally, how sustainable the recent moves upward appear, and whether the move upward in stock prices have been accompanied by an improvement in credit market health. 

The information here is presented by licensed professionals and not specific to any individual’s personal circumstances. Investment advisory services offered through LifePro Asset Management, LLC, a registered investment adviser. Investments involve risk and are not guaranteed. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance. Discussion of any specific stocks are based on objective, non-performance criteria and such discussion neither serves as a recommendation nor as the receipt of, or a substitute for, personalized advice. Due to various factors, including changing market conditions, such discussion of positions and/or recommendations may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. Forward-looking statements such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. LifePro Asset Management does not undertake any obligation to correct or update any forward-looking statements on the LPAM Site.

Robert Reaburn

Robert Reaburn

Robert Reaburn is the Executive Vice President and Head of Wealth Management at LifePro Asset Management. He works with financial advisors building diverse financial portfolios that best empower their clients with a lifetime of financial security.

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