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Market & Portfolio Review: 3-4-21

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Stock Market Correction Update

Similar to September and November of last year, secular growth stock market leaders are working their way through another HEALTHY and temporary correction in the price of their assets. The good news is that while prices have moved lower, the fundamentals have continued to improve, which creates an upside gap that we expect to be filled for investors that are patient and opportunistic.

While stock market corrections are normal, healthy and create sustainable long-term bull runs, they are also very painful to stomach. Whether you’re an existing client with above-average returns or you’re a new investor who has yet to realize growth, it’s never fun to see your account values go down. The good news is that stock price corrections end as fast as they begin and provide the fertilizer for future growth that is sustainable and creates long-term upside for existing and new clients over the next 6-12 months.

In this week’s stock market update, we are going to review the prime culprits of the stock market turmoil that investors have experienced over the last two weeks, how to separate the noise from substance, and prudent next steps we are considering as part of a long term growth strategy for clients. We will also review the difference between price action and value and how investors can use this information to use stock market corrections to their long-term advantage.

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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