Capstone’s COVID-19 Update

We’ve sent out a few emails as we navigate these unprecedented times, but want to update you on the business side of operations as well.

Office: We are trying to do our part in Social Distancing so that we can get through this together and get back to normal as soon as we can.  With that, we are not going to have full time coverage in the offices for the next few weeks and will update you as that changes. 

If you come to drop off or mail a check or other documents, please let us know so we can make sure we come pick those up in a timely manner. 

We are still working full time and are accessible by phone and email as normal.  For appointments, we have the option of conducting those on the phone or through video conferencing and discuss all your questions, concerns and planning needs.  These are all temporary and will update you as this change hopefully sooner than later.

Markets and Your Portfolio:  As you’re aware, markets have been battered during the outbreak of Coronavirus which has created uncertainty and a hit to the economy.  When we created the portfolios, we accounted for the risk and uncertainty in the market not knowing when or what it would bring. Our aim was to build portfolios for market downturns prior to the volatility to weather the storm as best as possible.  We see it much as boarding up windows before the hurricane, not during as that doesn’t end well. 

Even though we are not making a lot of trades and changes during this time, we are certainly working to see what the mid and long-term effects are and what changes will be beneficial.  Currently we are assessing what solid companies will be good buys as some are or will be “on sale.”  Even though our portfolios had low amount of highly indebted companies, we feel those will be most hurt in the mid to long term as the economy comes out of the Coronavirus.  We continue to monitor the changes of this fluid situation on the markets and economy and will make changes as we see are needed.

We are here to talk about your concerns, thoughts or questions during and after this storm.