It’s been a very busy time for our friend and partner and resident financial expert Leonard Raskin of Raskin Global. Stocks are down over the past month thanks to the coronavirus crisis and people are paying a lot more attention to their investments. In times like these, everyone needs a trusted financial advisor in their life. For us at WNST, and for his customers over three decades of experience, Leonard Raskin is just the man for the job.
“Most people have done the right thing, they’ve hung in there, they recognize that it goes up and down, they recognize obviously recently we’ve seen more down…we don’t have anybody pulling the trigger saying hey get me out,” Raskin said. “Which I guess is a testament to our work over the last 30 years to make sure people understand that their portfolios are balanced and prepared for this kind of shock. What you’re supposed to do now as an investor is rebalance.
Raskin is not advising you to turn our stocks into fixed income. Rather, he is suggesting the opposite.
“This is what buying low feels like. It’s not always easy, it doesn’t always feel great, but in the long run, this too shall pass, markets will recover, and when they do, buying low will have been the best strategy you could have employed to take advantage of.”
Raskin Global is a fee based firm of financial advisors and investment representatives. Leonard and his team want to help and advise their customers on every single aspect of their financial lives. They prioritize developing long-term relationships with their clients and help them set goals and values and grow their wealth as efficiently as possible over time.
To hear Leonard Raskin’s full conversation with Nestor, listen here: