Financial planners say the plummeting stock market is just another market swing – albeit a rather large one.
Financial planners say the plummeting stock market is just another market swing – albeit a rather large one.
The typical response to sudden drops is to sell, but experts make a case for staying the course.
Whether the drop helped or hurt your portfolio, it’s too late to do anything about it now, said Wolfgang Sailler with Goldmark Financial Planners.
“What you could have gotten out of is down,” he said, “and what you can’t get into is up.”
If investors are nervous, they can move cash out and wait to see what happens, he said. People who did that before the big drop in 2008 saved themselves a lot of heartache.
Read more in the Statesman Journal.
