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April 2020 Portfolio Updates

As you know and are experiencing, we are living in unprecedented times due to the COVID-19 crisis, both in our country and around the globe. This crisis is highly disruptive in our personal lives and we believe will have lasting changes, not just for months but years to come. You may have also noticed over the past weeks we have made a few small shifts in your portfolios. Each change has been done with thoughtful analysis and taken into effect your portfolio objectives and investment time horizons.  

In the midst of a rapidly changing economic environment, what doesn't change is our investment philosophy: Buy solid investments at reasonable prices and stay diversified, never betting on any one name or industry, however popular or value oriented we might think it is. With that said, our recent investment changes reflect what we believe to be the "new normal" of increased technology and self-sufficiency involved in all of our personal and business lives.   

The reality is that a shift and disruption of industries was already underway and this pandemic has accelerated and exaggerated many of those technology oriented changes. Businesses will either continue to adapt to these times or they will cease to exist. There will be, sadly, companies that don't survive, and there will be companies that grow rapidly to meet the consumer demands in this "new normal". Therefore we are favoring high quality, technology savvy holdings we believe are well positioned in the COVID-19 era and beyond. 

Our Process

As you know, we follow a disciplined and diversified asset allocation process to building our portfolios. We believe in long-term investing, not short-term speculation. We lean on our LPL Research team of 50+ professionals for ongoing asset allocation and fund screening. (Remember, LPL offers no proprietary products, which enables us to make objective decisions.) Then, we utilize a secondary screening through Monringstar (a third-party investment research company) for another layer of due dilligence. We are, after all, geeks at heart.


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Because of their narrow focus, sector investing will be subject to greater volatility than investing
more broadly across many sectors and companies. Stock and mutual fund investing involves risk including loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification and asset allocation do not protect against market risk. 

BridgeQuest Wealth Strategies

BridgeQuest Wealth Strategies

Career changes, retirement, aging parents, liquidity events—navigating life’s big transitions gets much easier with an experienced guide. The BridgeQuest team leads you in the right direction with independent asset management tailored to your goals. Your plan will include objective advice and personal attention every step of the way.