Global stocks sank in March, 2020 as the spread of COVID-19 nearly closed the world economy. At the same time, interest rates plummeted and bonds experienced significant volatility. Beginning in April, markets recovered faster than anyone could possibly have predicted. 2020 closed near all-time highs lead by the sectors that had declined the steepest earlier in year. In this session we’ll outline the critical lessons learned and discuss what actions associations should be considering now, such as: what’s in store for 2021, is it time to sell stocks, are bonds safe, should we rebalance, and how can we safely earn more in fixed income.
Presenters: Dennis Gogarty, President, Raffa Investment Advisers and Mark Murphy, Chief Investment Officer, Raffa Investment Advisers
Field of Study: Specialized Knowledge
Amount of Recommended CPE: 1 hour
Type of Delivery Method: Group-Internet
Learning Objective: Nonprofit and Association leaders will obtain actionable guidance to bring smart discipline to their decision making process related to the management of the investment reserves during volatile times.
Program Level: Basic
Advanced Preparation: None