JTNDdmlkZW8lMjB3aWR0aCUzRCUyMjEwMCUyNSUyMiUyMGhlaWdodCUzRCUyMjEwMCUyNSUyMiUyMGNvbnRyb2xzJTIwcG9zdGVyJTNEJTIyJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDIwJTJGMDMlMkZVQUwtVm9sdW50YXJ5LUVuaGFuY2VkLUxlYXZlLUJpZC5qcGclMjIlM0UlMEElMjAlMjAlM0Nzb3VyY2UlMjBzcmMlM0QlMjIlMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjAlMkYwMyUyRlVBTC1Wb2x1bnRhcnktRW5oYW5jZWQtTGVhdmUtQmlkLm1wNCUyMiUyMHR5cGUlM0QlMjJ2aWRlbyUyRm1wNCUyMiUzRSUwQSUzQyUyRnZpZGVvJTNFAt the beginning of the week, United Airlines offered the pilots voluntary extended leave. What does this mean to you? Especially if you're retiring soon. If you're not retiring, all this is saying is "Don't come to work and we'll pay you 50 hours in May, or if you want to leave for a longer period of time, 40 hours a month." Frankly, if you've got a commute, you don't like being around sick people - you just don't want to come to work -that's not a bad deal. Well, what if you're retiring? Really, the retirement decision is one about the pension; the lump sum. Let me be clear. It is our opinion at Avion Wealth that the annuity is completely safe. Not only is the pension plan relatively well-funded, but the PBGC coverage for the annuities that were frozen about a decade ago, or more now, is more…

Good morning. What a Monday! The market is down 7%. Oil prices have collapsed to $34, and Goldman's actually afraid it'll hit $20. We have Coronavirus. We're going to talk today about all these. Most important - what's our strategy to protect our clients from these fires? We have two kinds of clients who are reacting to what is essentially a real capitulation within the market. We've got the scared clients, and to them I would say we plan for this. This is why we've been so conservative. No one knew when a market correction would come, but we knew for over 18 months that the markets were rich. So we've planned for this. We're going to get through it. The hungry clients are actually the more interesting group, and for those the issue is when do we get in. When do we buy cheap. And there's no right answer.…

The market's down maybe 10% this week. Let's play "Catch a Falling Knife." So it looks like we're entering official bear market territory, especially when we refer to the peak in early February. We've been here before. We've seen this before and always, it appears obvious with hindsight. But let's do a quick recap of what we know. We know there's a Coronavirus and we know it's pretty likely going to hit all corners of the Earth. We know there are a lot of underreported cases and the most likely fatality rate, especially in Western nations, is probably at or below half a percent. That's significant, but the regular flu is one 10th of a percent. Disproportionately it's affecting males over 65. Interestingly, it's not affecting children that much. I mean, from a very callous point of view - and trust me, this is not where my heart is -…

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