McGill Advisors Update September 2020

Update for September 2020  

Should I Invest in Technology Stocks?

They’re back!!

It may be hard to believe but unfettered excitement over investing in technology stocks has returned with a vengeance. It feels like a lifetime ago – actually, barely five months – when fear swept through the financial markets as the Covid-19 global pandemic sent the world economy into an abyss. Entire economies were effectively shut down with ramifications as uncertain as predicting the weather. Panic ensued, causing some investors to sell everything and wait out what they believed would be the worst financial crisis in more than a century. Fast forward to today and fear has been replaced with unbridled optimism over revolutionary changes to various industries that will benefit technology companies for years to come. Given this near-certainty surrounding the new direction the global economy is headed, loading up on technology stocks seems like a “no brainer” investment strategy to many. While we would agree the opportunities are vast, selecting investments within the sector is a bit more complicated.

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Lessons Learned from a Forced Sabbatical

As we look back at the last six months, our doctors have all gone through trials and hardship, some personally through sickness and the struggles of quarantine, and most with the mandated practice closures. Many lost loved ones and almost all experienced a significant impact on their practice. Whether you want to call the weeks or months after State shutdowns went into effect a stay-cation, forced sabbatical, or quarantine, work and home life abruptly changed.

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mom helps child put on mask

The COVID-19 Six-Month Review – Six Important Items to Proactively Review (Part 1 of 2)

Labor Day signals the traditional conclusion of summer. Temperatures decline, the swimming pools close, and the last students head back to school. For many, it is a transitional time of year to reflect on a fun summer and then get back to business, refocusing on their annual goals and priorities.

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